Skills Transformation Guide
Building a workforce that can meet the business challenges of today and the needs of tomorrow is arguably one of the greatest challenges facing leaders globally.
Skill猀 Building a workforce that can meet the business challenges Transformatio渀 of today and the needs of tomorrow is arguably one of Guide the greatest challenges facing leaders globally. At SkyHive, we believe that technological innovation can be used to unleash human potential.
Navigating Workforce Trends & Challenges Historically, organizations relied on job-based or credential-oriented models for workforce planning. Today, it's all about skills and capabilities. Jobs are evolving rapidly New technologies and automation are transforming industries, often requiring the complete overhaul and reskilling of workforces. Widening gap between talent supply and demand A signi昀椀cant disparity is emerging between the skills companies require and the available talent pool. A lack of data to inform training exacerbates the skills gap. Granular, real-time data is needed for e昀昀ective planning Existing technologies lack the granular, real-time labor market data needed for actionable insight. Internal tools often lack an external view, rendering planning ine昀昀ective without understanding the evolving landscape. Reskilling requires an enterprise-wide approach Existing HCM systems often su昀昀er from fragmentation. This friction hinders accessing and leveraging essential information for understanding emerging workforce requirements and mobilizing existing workforces. Integration challenges Companies are su昀昀ering from an abundance of disparate technologies, and traditional HCM suites were primarily designed as systems of record. .ai e .skyhiv | www ed. ts Reserv All Righ . Inc echnologies Holdings, T e 3 SkyHiv © 202 01
SkyHive Case Studies Discover how SkyHive supports clients and partners worldwide. In today's era of rapid transformation, increased globalization, and the need to decrease time to value, SkyHive stands at the forefront of innovation. Merck streamlines its talent architecture and maps skills to roles in weeks “De昀椀ning the skills for over 5,000 global roles, learning content, and adjusting those de昀椀nitions as they A talent analytics team uses external data to change was going to take years.” recon昀椀gure 1.7K roles globally - Ervin Ervin, VP of HR, Merck. Read more here. “When you look at the employee lifecycle, everything SkyHive helped Merck de昀椀ne skills across 5,000+ starts and ends with the market. If you have roles roles in weeks, saving time and costs previously de昀椀ned internally as things that don’t exist in the spent on manual talent management. This market, you’re just going to have a bad time.” - A multinational insurance and investment provider included enhancing their HR tech stack and automating the translation of static job A global insurance and investment giant, with 5,000+ IT descriptions into dynamic, skill-昀椀rst de昀椀nitions. technologists holding 1,700 job titles, faced a critical This led to rapid standardization of skills for all talent alignment challenge. SkyHive helped the company enhance its workforce strategy using roles and mapping them to existing talent. As a external data for role recon昀椀guration and skill result, the company improved retention and identi昀椀cation, o昀昀ering real-time labor market insights. resource management, saving several million The impact was profound – a signi昀椀cant gap of 900 dollars and 18+ months of time. software developers was identi昀椀ed and external benchmarks helped pinpoint skill gaps and reskilling Gainwell builds an automated inventory of its pathways. SkyHive continues to help map jobs, roles people’s skills and learning content to skill requirements. “The business can 昀椀nally move rapidly and with 昀氀exibility because we now know what our workforce is Gathering and assessing skills within a critical capable of accomplishing.” - Julie Moore, Principal, employee population .ai Talent & Development, Gainwell. Read more here. $140 billion. That’s how much, according to Accenture e Gainwell engaged SkyHive to help transition to a skills- research, the North American 昀椀nancial services market .skyhiv based organization to swiftly mobilize talent and could gain from AI and automation. Read more here. improve recruiting and retention. SkyHive helped by A global banking institution needed to quickly evaluate | www identifying skill requirements, standardizing employee employees' anti-昀椀nancial crime skills and identify skill ed. skills, and continuously mapping them for be琀琀er gaps to avoid further penalization. The institution training, hiring, and planning decisions. The impact has turned to SkyHive for solutions. SkyHive's intervention ts Reserv been substantial, as Gainwell was able to identify the led to a remarkable reduction in risk, preventing a skills of 80% of its workforce approximately six months. potential $50 million+ 昀椀ne by identifying the gaps and reskilling pathways necessary to meet Anti-Financial All Righ This increased visibility into employee expertise, Crime requirements. Continuous benchmarking against . Inc especially in critical areas like cloud technology, has the competitive environment and the development of enhanced agility. By demonstrating a culture of growth key skills internally bolstered their competitive edge. and opportunity, Gainwell's continues to see Notably, they achieved $4 million in cost avoidance improvement across recruiting and retention e昀昀orts. through automation. echnologies Holdings, “SkyHive’s Human Capital Operating System is a brilliant, exciting approach to T e human skill analysis and development. With more employers exploring a skills-based approach to talent, SkyHive is poised to deliver value through its 3 SkyHiv patented and proven approach.” - Ben Eubanks, Chief Research O昀漀cer, Lighthouse Research & Advisory © 202 02
SAP partners with SkyHive to accelerate skills transformation The Skill-Based Total Workforce Management solution o昀昀ers customers bi-directional integration between SAP SuccessFactors solutions and SAP Fieldglass solutions and automatesZ W Skill extraction and skill pro昀椀le creation of all candidates and/or workers within both SAP Fieldglass and SuccessFactors solutionsl W Normalization of skills to an organization’s existing job architecture and taxonomy⸀ Visit the SAP® Store and watch our video to learn more about SAP and SkyHive’s partnership. THE VALUE OF HCOS Interoperable Systems Real-time Intelligence Normalize skill languages across Augment static ontologies with .ai systems into a uni昀椀ed skill system real-time labor market skill data e .skyhiv HCOS | www Ethical AI Uni昀椀ed Talent Architecture ed. Match skills to jobs, people, and Manage and index skill events and training without bias activity to track growth ts Reserv All Righ SkyHive Enterprise helps you answer 4 key questions . Inc 01 What skills do we need? 02 What skills do we have? Consolidate skill languages from various systems Automate skills assessment of internal workforce W Convert jobs to skills0 W Auto generate skill pro昀椀lef W Benchmark to the labor market0 W Rate & assesf W Job description generator W Skill Inventory analytics echnologies Holdings, T e 03 What are the gaps? 04 What actions do we take? Identify skill gaps at all levels internally Execute workforce plan, including career and 3 SkyHiv W Labor market intelligence0 reskilling pathways for talent mobility W Build, buy, borrow analysif W Set focus skillf © 202 W Skill supply & demand W Build skill specializations & communities 03
A proven skills transformation partner Key Di昀昀erentiators An End-to-End Solutio渀 Automation of Workforce Plannin最 SkyHive's technology enables each step in Static or one-time workforce planning is no longer a workforce transformation, from relevant or e昀昀ective. SkyHive delivers “Continuous monitoring skill trends in the external labor workforce planning" solutions, as recognized by Gartner⸀ market, to capturing internal skills data at the organizational and individual level⸀ Platform as a Servic攀 Open / Ethical AI SkyHive o昀昀ers an extensible architecture/infrastructure along with APls that support the development of external SkyHive has undergone substantial third- applications on top of its engine. party due diligence and is a recognized leader in ethical Al for people technologies. Expanded Rollout to Complement HCM Strategy What skills do What skills do What are What actions do we need㼀 we have㼀 the gaps㼀 we take㼀 (Job Architecture) (Skills Inventory) (Workforce Strategy) (Employee Reskilling) De昀椀ne ‘work' at the Understand current Enable strategic Mobilize & execute skill level employee skills talent decisions workforce plan in Y Establish foundation Y Understand Y Develop intelligence - HCM for gap analysiU organization’s skills informed talent Y Optimize & create Business Y Generate job to skills blueprin} strateg° sustainable skill- mapping; de昀椀ne new Y Accelerate time to Y Identify workforce based practices in Objective roles as needed value for key roles skill gaps through HCMæ labor market insight Y Targeted training to on future trends, bridge skill gapsæ .ai skills, and adjacencies e Y Increase engagement with key skills .skyhiv Job Pro昀椀le and Jo戀 Employee Pro昀椀le SkyHive UI or Learning Course | www Requisition Integration Integration Analytics Platform Integration (+ other ed. Y Auto generate and Integration (via systems as needed) Y Job-to-skill mapping maintain skill SkyHive APIs) automationæ Y Career paths & pro昀椀les æ Y Labor market mentorshipsæ ts Reserv Technology Y Job description Y Augment skills Intelligenceæ Drivers generatoræ Y Opportunity Graph pro昀椀les with labor Y Position Supply/ skill requirementsæ All Righ Y Embed in talent market recommended Demandæ Y Training-to-skill . mgmt. and talent acq. skills mapping automation Inc processes Y Workforce Planningæ Y Buy strategy leans on adjacent roles Impact Full identi昀椀cation of Automated, real-time Data-driven plan to Business value the workforce's skill visibility into close skill gaps (build, realized from skills echnologies Holdings,Delivered requirements workforce skills buy, or borrow) transformation T e 3 SkyHiv © 202 04
SkyHive Enterprise The end-to-end solution for transitioning from job-based to skill-based This skills-昀椀rst applications suite provides a 360-degree view into the global labor market, the skills of their workforce, and a system of intelligence to manage workforce skill transformation. JOB ARCHITECTURE Future labor market skills Transition ‘Work' to the Language of Skills Based on predicted labor market demand Resourcefulness Automate the translation of static job descriptions Written communication into dynamic, skill-昀椀rst de昀椀nitions using global Pricing strategy labor market data. Employee analytics SKILLS INVENTORY 614 71% 2 year Number of employees Average match Average tenure Create an Inventory of Shared skills Your People's Skills Management 60 Augment the skills and pro昀椀ciency for each employee. Communication 70 Continuously intake, store, and map skills for be琀琀er training, planning, or hiring decisions. Responsibility 67 .ai e .skyhiv WORKFORCE STRATEGY | www Chart the Path to Achieve ed. Your Future State ts Reserv Access real-time shifts of the skills of the labor market by time, geographies, and jobs. Map out All Righ which skills are required and model the build, buy, . Inc borrow strategy. Skills gaps training EMPLOYEE RESKILLING Managing and projecting your business 昀椀nances echnologies Holdings, Continuously Build Business Critical Skills T Covered skills e Customer experience management IT management Bring laser focus to L&D investment, time investment, 3 SkyHiv Project team management and career impact for the employee experience. © 202 05
Our Partners & Customers We have a diversi昀椀ed, global, and rapidly growing Our customers are vertically-agnostic; we serve the customer base as a result of the e昀漀cacy and top organizations across all industries including e昀昀ectiveness that SkyHive's technology brings to manufacturing, retail, technology, previously unsolvable problems. We are a mission- telecommunications, 昀椀nancial services, energy, driven company introducing never-before-seen chemical, aerospace/ defense, government, analytics and methodologies. We work closely with education, and more. clients to unlock the “Art and Science" of reskilling their workforces at-scale. To learn more visit www.skyhive.ai SkyHive is trusted by leading organizations. .ai Our products have been built from the ground up with privacy and security in mind. e .skyhiv | www ed. ts Reserv All Righ SkyHive is compatible with your existing systems. . Inc echnologies Holdings,ABOUT SKYHIVE T e SkyHive is a Certi昀椀ed B Corporation that uses AI to drive global reskilling initiatives and create a more 3 SkyHiv inclusive labor economy. Our products are designed to rapidly reskill people and help organizations and communities prepare for the future of work. © 202 06
Unleash Human Potential US - California (HQ)†⠀ SkyHive Technologies Holdings, Inc. 430 Cowper Street, Suite 250†⠀ Palo Alto, CA 94301 Canada - Vancouve爠⠀ SkyHive Vancouver†⠀ 815 W Hastings Street, 8th Floor Vancouver, BC VGC 3N9 www.skyhive.ai © 2023 SkyHive Technologies Holdings, Inc. All Rights Reserved. All other marks are property of their respective owners. STG-2311-SAP-03
