Labour Market Analytics: Skills vs Job Titles

Shifting from Job Titles to Skills for Workforce Success
Wednesday, November 20, 2024, 11:50 AM - 12:10 PM
Foundation

Join Pawel Humanski and Mike Sandiford from Horsefly Analytics to examine how the labour market is adapting from a reliance on job titles to a focus on skills-based analytics. With a growing percentage of organisations embracing skills-based strategies, Pawel and Mike will showcase Horsefly’s platform and demonstrate how a hybrid approach enriches recruitment, forecasting, and planning. Discover the enhanced decision-making power this approach provides and understand the nuanced shifts in labour market analytics that are shaping the future of talent management.

As labour markets evolve, organisations are re-evaluating traditional job title frameworks to address skills gaps more effectively. Shifting from job titles to skills-based data enables organisations to align with market demands more accurately and strategically. Horsefly Analytics brings powerful global insights to help businesses make data-driven, flexible talent management decisions.

This session will explore
  • Evolution of labour market analytics: from job titles to skills

  • Benefits and limitations of traditional job titles in talent management

  • Advantages of a hybrid skills and job title approach

  • Utilising data-driven tools for talent strategy and forecasting

  • Benchmarking talent strategies with global market insights.

     

Learning outcomes
  • Identify shifts in labour market analytics from job titles to skills and their implications

  • Evaluate the impact of combining skills and job title data on workforce planning

  • Leverage labour market data to enhance recruitment and retention strategies

  • Apply insights for accurate talent forecasting and competitive benchmarking

  • Use analytics tools to craft a more responsive, skills-focused talent strategy.