Why HR Leaders Must Pivot to Skills-Based Talent Management with Shrikant Pattathil, Harbinger Group
The future of workforce efficiency is skills-based, and organizations that fail to make this pivot risk being left behind. Shrikant Pattathil, President and CTO of Harbinger Group, joins Bill Banham to unpack why skill proficiency has become a critical metric for organizational success in today's hyper-personalized, hyper-automated workplace.
Shrikant reveals that companies implementing skills-first approaches are seeing dramatic improvements, including 25% faster hiring processes. But the benefits extend far beyond recruitment, touching everything from internal mobility to workforce planning. The conversation explores the complex question of AI-driven job displacement, with Shrikant estimating that while 70-80% of employees can be upskilled for evolving roles, organizations must prepare for 20-25% of positions to undergo complete transformation.
The episode takes a deep dive into the architecture of effective skills-first platforms, outlining six essential components including AI-driven skills graphs, gap analyzers, and personalization engines. Through real-world case studies, Shrikant demonstrates how these systems have transformed recruitment processes and leadership development programs. He emphasizes that building a skills ontology isn't a one-time project but an ongoing commitment requiring continuous adaptation to organizational needs.
Shrikant Pattathil also provides practical guidance for HR leaders navigating the build-versus-partner decision when implementing skills platforms. He advocates for a strategic approach that balances custom development of core components with partnerships for standard functionalities. The conversation concludes with insights on incorporating contingent workers into skills frameworks and how centralized skills management serves as the ultimate insurance policy against future disruptions.
Ready to transform how your organization approaches talent development and workforce planning? Subscribe to the HRchat Show for more conversations with innovators reshaping the world of work, visit hrgazette.com for additional resources on skills-first transformation and learn more about the services offered by Harbinger Group.
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