Unlock high performer secrets through data-driven talent strategies. Discover how skills data can help identify top talent, develop employees and accelerate workforce effectiveness across the organization.
High-performing employees are the backbone of any successful organization. But what makes them so special, and how can companies cultivate more like them? Traditionally, organizations rely on subjective measures or intuition when it comes to finding and developing these star performers.
However, a data-driven approach powered by skills data can revolutionize the game for HR, learning and development (L&D) and strategic workforce planning leaders. Harnessing skills data allows you to engineer growth by replicating the success of your best across your entire organization.
Studies reveal the astonishing impact of high performers. They can be 400% more productive than average employees. This gap widens significantly in complex jobs, where high performers boast an 800% increase in productivity.
In addition, top-performing employees exert a positive influence beyond their individual roles. Their work ethic, commitment to excellence and ability to consistently exceed expectations foster a workplace culture where everyone is inspired to strive for their best.
But high-performing individuals aren't just productivity stars and ideal role models – they can offer organizations a template for success. By identifying and analyzing their capabilities and mindsets through data-driven strategies, companies can unlock the secrets to achieving excellence.
Data-driven companies gain a significant edge over their competitors. Compared to others, companies that use data management tools to make decisions are 58% more likely to achieve their revenue goals and 162% more likely to significantly surpass them.
With metrics like these, it’s no wonder that leading companies are shifting from guesswork to informed talent management choices using objective measures like skills data.
Skills data goes beyond descriptions of work history to create a comprehensive picture of an individual or group's capabilities. It includes hard skills, like software development or project management, and soft skills like teamwork and problem-solving.
Skills data highlights common denominators among the skills, traits and behaviors of high performers. Analysis of this information helps companies understand what makes high performers tick. Here's how:
As one source of robust skills data, comprehensive assessments are a powerful tool for discovering top-talent competencies hidden within a workforce. Assessments go beyond résumés and dive deep into a range of hard and soft skills, aptitude, personality and motivation. By administering them to current employees and potential hires, organizations gain valuable insights into people’s strengths and areas for development.
And here’s an additional payoff: Assessments allow companies to tease out the presence of the skills that make high performers shine. This data-driven approach transforms talent management by:
Measuring hard and soft skills of existing employees and correlating these to performance metrics
By identifying the skills that drive high performance, employers can strategically optimize their workforce through better hiring and developing current employees.
Individually tailored L&D plans are crucial for building a workforce capable of sustained high performance. By identifying skill gaps and aligning development with the characteristics of top performers, these plans offer several benefits:
A company’s workforce is one of its most valuable assets. Compared to companies that focus solely on financial performance, organizations that pair a strong fiscal focus with talent development have more consistent earnings, according to McKinsey research. Over time, they are roughly 1.5 times more likely to outperform in profitability and shareholder returns and have about half the earnings volatility.
The ability to replicate the winning traits of high performers across various roles and departments presents a remarkable opportunity to optimize human capital investments.
Analyzing top-performer data allows organizations to create a success blueprint outlining the ideal skills mix for high performance. The blueprint can then:
In a constantly changing business landscape, skills data is more crucial than ever before. By embracing a data-driven approach – powered by assessments, digital credentials, robust L&D programs, and AI – companies can transform the way they attract, develop and deploy talent.
Connected platforms like Faethm, Pearson TalentLens, and Credly offer powerful skills analytics that transform HR and workforce development. Helping you to align your talent strategy with broader business goals.
Ready to harness the power of skills data for sustained growth?