Skills-First Center of Excellence - SHRM Foundation

Last Updated: 04/10/2024

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Overview

In April 2024, SHRM and the SHRM Foundation announced that its new Skills-First Center of Excellence (SFCOE) will launch in early 2025. The goal of SFCOE is to modernize traditional hiring and advancement systems in the U.S. over the next decade, particularly through the adoption of skills-based hiring and advancement. SFCOE’s objectives are to transform hiring and advancement practices for as many as 100,000 employers and 500,000 Human Resources (HR) professionals, managers, and executives. The strategy prioritizes individuals’ skills, talents, aptitudes, and competencies rather than using the traditional sole proxy of college degrees for readiness for employment.

The SFCOE includes four main components:

  • AI-based skills advisor:  To help employers see where they stand in their skills journey and provide tools, trainings, and actions to accelerate their progress.
  • Library of skills-first resources: To help employers select tools by compiling and tagging resources from different providers and offering a collection of relevant case studies.
  • Skills-tech clearinghouse and solutions lab: To help HR professionals assess the quality of different HR systems and establishing a community for talent champions.
  • Skills-first credential: To formally certify (credential) HR professionals, hiring managers, and C-suite executives in skills-first practices.

Background

The Center builds on the SHRM Foundation’s Skills-First at Work initiatives, which play an important role as a convener and catalyst for skills-first practices.

Research conducted by the SHRM Foundation has found that many companies are already turning to skills-first hiring strategies to better meet their talent needs. Research has found that 90% of employers surveyed acknowledge the benefits of skills-first hiring, but only 15% have actively implement skills-first hiring.  Three key barriers are impacting the greater adoption of skills-first strategies:

  1. Challenges related to return on investment (ROI).
  2. Lack of trust and knowledge among HR professionals and executives in new approaches.
  3. Absence of standard operating practices in the field.

Partners / Funders

  • SHRM is the world's largest HR professional society — a member-driven organization of nearly 340,000 members in 180 countries.
  • SHRM Foundation is the nonprofit arm of SHRM. The Foundation works with SHRM, partners, and investors to generate awareness, action, and impact to build a world of work that works for all.
  • The SFCOE collaborative draws on expertise to include Opportunity@Work, the U.S. Chamber of Commerce Foundation, the Business Roundtable, Jobs for the Future, Education Design Lab, SkillsFWD, the Competency-Based Education Network (C-BEN), Grads of Life, and SHRMLabs.
  • Funders include Walmart, Charles Koch Foundation, Workday Foundation.

References

https://www.shrm.org/about/press-room/shrm-foundation-to-establish-national-center-of-excellence-to-ac

SHRMFoundation.org

SHRM.org

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