Industry

In the digital age, skills have become the most valuable asset for companies, surpassing traditional metrics like degrees and past experience. The landscape of talent acquisition is evolving rapidly due to AI, automation, and the gig economy. A 2023 McKinsey report reveals that 87% of companies face or expect to face a skills gap, while the World Economic Forum notes the average skill's shelf-life is just five years. Embracing skills-based hiring is essential for companies to expand their talent pool, improve hire quality, and enhance diversity and inclusion. Technology plays a critical role, with AI-powered platforms offering advanced capabilities to assess and match skills, personalize candidate experiences, and streamline hiring processes. Leading companies like IBM, Accenture, PwC, and Amazon have successfully adopted skills-based hiring, demonstrating its effectiveness. However, challenges such as bias in skill assessments and integrating skills data remain. Tools like Prismforce support skills-based hiring by providing dynamic skills inventories and data-driven insights, crucial for building a future-ready workforce.

Explore how AI-powered skills management can help SMEs overcome resource challenges, enhance workforce planning, and stay competitive

The tech talent war is intensifying as the industry faces a severe talent shortage. This article shares key takeaways from industry leaders on navigating the volatile tech talent market.

Workforce Management helps tech services companies to streamline and automate manual processes to boost efficiency and productivity.

Skills intelligence platforms are revolutionizing the tech services industry by optimizing talent management, facilitating continuous learning, enhancing employee engagement, and preparing organizations for future trends.

Global Capability Centers are evolving into hubs of innovation and expertise through strategic upskilling, driving business growth and technological advancements. To learn more about how upskilling is transforming these centers into indispensable powerhouses, read more.

Generative AI (GenAI) is a groundbreaking technology that is transforming the tech services industry. This blog post dives into what GenAI is, provides examples of it in action (GPT-3, DALL-E, Magenta), and explores its profound impact on the tech services landscape.

Here are 24 key takeaways from Nasscom Technology and Leadership Forum, NTLF 2024. Read more.