Transforming Work with Sophie Wade Optimizing Skills For Today and Tomorrow
Sean Hinton, Founder and CEO of SkyHive, explains how SkyHive uses AI to help organizations and individuals identify their current and trending skills and best align them in real-time with business and career growth trajectories. In this episode, Sean explains the myth and fact of automation threats and how companies can focus resources on reskilling their current talent to retain them and stay competitive.
Key Takeaways:
[01:09] The half-life of skills used to be 10 years, now it is only 5 years.
[03:44] Sean finds purpose and founds SkyHive.
[05:29] We have had a hard time identifying our skills.
[07:27] Sean defines the Future of Work in three categories: rapid digital transformation; digitalization of the workplace and classroom; and the changing nature of the worker and learner.
[08:25] More than 45% of existing full-time employees define themselves as independent workers.
[10:20] Compared to 10 years ago, 20% of any job now requires digital skill sets. Over the next 10 years, 65% of a job is anticipated to become digitized.
[10:56] The myth and fact of reskilling: we have more time!
[13:07] The number one barrier to the success of widespread automation is the reskilling of humans.
[16:11] How do we know what our company’s workforce is truly capable of?
[17:22] Defining the Future of Work by skills and SkyHive’s creation of ‘quantum labor analysis’ to understand how skills needs are constantly changing.
[21:48] What skills does the workforce of the future need?
[22:30] How to find the skills gaps in your existing workforce and be able to adjust rapidly.
[24:54] What it means to understand current and trending skills and jobs in real-time in the labor market and be able to acquire talent efficiently.
[29:15] Careers are no longer linear. How can employees or people know what skill sets they should be focusing on?
[30:37] How identifying individual people’s skills reveals what each person is really capable of.
[31:03] Matching relevant content to skills’ gaps allows cost-effective, focused training.
[33:19] Displaced workers can identify new opportunities and options by identifying their skills and where they could be used.
[35:19] Employees’ development enabled by applying their skills in different areas.
[37:42] Mentoring as a means to develop and retain people.
[38:55] Does anyone have 100% of the skills they need for a job?
[39:52] How SkyHive’s technology identifies upward mobility opportunities quickly.
[41:20] SkyHive can help identify jobs that don’t yet exist.
[43:52] What is the number one soft skill you should be learning?
[44:25] Soft skills are becoming increasingly important.
[47:15] Immediate Action Tip: Discover and use your untapped skills.
Resources:
Quotes:
“If I ask anyone, ‘What are your skills?’ People would have a very hard time conclusively answering that question.”
“95% of job growth in the United States since 2007 is contract-based and independent labor.”
“We still have control over our destiny. The robots are not taking over any time soon.”
“If the employee is not seeing the opportunities in front of them and being engaged, you’ll lose them.”
“There’s a much greater multitude of engagement and less attrition and turnover the faster you can connect somebody to a mentor.”