Beamery, the global leader in Talent Lifecycle Management, today announced Dynamic Job Architecture, to help businesses lay the foundation for successful skill-based transformation.
Organizations can now understand the skills required for any given role in their organization, keep their Job Architectures automatically up to date with AI that compares your hiring to external market insights, and unlock new workforce insights to make better decisions.
With the pace of business transformation continuing to accelerate, every company is struggling to evolve its skills to meet changing business demands. In research from McKinsey, 87% of companies worldwide say they are experiencing skill gaps now, or expect to within the next five years.
Taking steps towards skills-based transformation is pivotal for companies looking to survive and thrive, with organizations who adopt skills-first practices 107% more likely to place talent effectively, 52% more likely to innovate, and 57% more likely to anticipate change and respond effectively and efficiently, according to Deloitte.
Building and maintaining accurate Job Architecture is critical for businesses in this rapidly changing landscape. Whether approached manually, in-house, or through third party consultancies, traditional methods of managing role and skill data across large organizations tend to be time-consuming, expensive and fragmented, and are often outdated almost immediately.
Beamery’s Dynamic Job Architecture addresses these challenges head on. Whether organizations have an existing skills taxonomy or need to start from scratch, Beamery allows organizations to build a single source of truth for jobs and skills in days (not years). Dynamic Job Architecture is powered by AI and incorporates labor market insights and competitor trends to ensure that the information stays relevant and up to date, giving talent leaders a view of the skills they need today, and those they need for future roles.
When this data is combined with insights around their current skill portfolio, leaders can make better decisions around hiring, upskilling or strategic priorities like M&A, cost reduction, or considering expanding to new geographies.
“Beamery has allowed me to approach hiring from a skills perspective, and now I can consider candidates for multiple roles across the business.” – Aidan O’Brien, Talent Sourcing Specialist, Workday
“Putting Dynamic Job Architecture in place is crucial for any business that is moving towards skill-based hiring, planning and development processes,” said Sultan Saidov, Beamery’s President and Co-Founder. “Without such an AI-assisted foundation in place, it’s almost impossible to understand and maintain the skills-centric view of your people, your jobs, and how these are evolving – a view that is critical to make better talent decisions and retain your best people.
“The ability to quickly build a new Job Architecture that stays up to date automatically, based on both how your business and the labor market is evolving, is a huge step for companies that need better insights on their workforce, want to hire for skills and potential, and are looking to improve mobility and upskilling to stay agile and competitive in an ever-changing business environment.”