Purpose

This article explains the relationship between Skills Design and Market Insights in maintaining a dynamic skills taxonomy.

Audience

Talent admins, HRBPs, Talent leaders

Overview

Skills Design, integrated with Market Insights, helps you address the issue of a static skills taxonomy. It does this by suggesting new and emerging skills both within your organization and across your industry. This ensures your skills framework stays relevant and future-ready.

With dynamic, skills-based roles powered by Market Insights, talent processes such as hiring, upskilling, internal mobility, and succession planning remain aligned with current trends. Regularly updating your skills taxonomy enhances business agility and keeps your workforce competitive.

Skills Design and Market Insights

Market Insights plays a crucial role in keeping skills current by providing data-driven insights into skills trends.

• New skills recommendations: Skills Design uses Market Insights to suggest skills not yet captured in your organization’s taxonomy, based on internal and external trends.

• Industry-specific insights: Market Insights highlights skills that are emerging in your industry, allowing you to stay competitive by keeping your skills framework up-to-date.

Manual updates

While Skills Design provides recommendations, the user must manually review and add suggested skills to the taxonomy. This ensures that only relevant skills are incorporated into the system.