Enhancements include automatic skill mapping, role-based
learning experiences, and robust learning activity reports
Skillsoft (NYSE: SKIL), a leading platform for transformative
learning experiences, today introduced several platform
enhancements to help organizations transition to skills-based
talent strategies. These enhancements, which are being showcased at
Skillsoft Perspectives 2024, the company's annual customer
conference, span the Skillsoft learning platform and benefit all
users — from Chief People Officers and human resources teams to
individual learners.
"Forward-thinking organizations recognize the transformative
impact that skills-based talent strategies can have on workforce
planning, productivity, and satisfaction. They also understand that
this transition is a process that requires a solid framework for
success,” said Ciara Harrington, Chief People Officer, Skillsoft.
“We’re providing a structured approach for organizations to define
and map skills, deliver role-specific learning experiences, and
track progress in closing competency gaps. As Skillsoft implements
these strategies and continues our own skills-based transformation,
we are excited to guide our customers in making skills the
foundation of all talent decisions.”
Streamline Talent Management with a Functional Skills
Taxonomy
A common roadblock in adopting a skills-based approach to talent
transformation is defining and reaching a consensus on the specific
skills needed for jobs. To help eliminate this confusion, Skillsoft
has built and integrated an AI-generated skills taxonomy into its
learning platform. Providing a standardized central framework, or
"dictionary," Skillsoft's taxonomy aligns skills to several
categories ranging from "universal skills" such as personal
productivity and digital proficiency to "role-specific skills"
across functions including technology, sales, marketing, and
finance. With skills automatically mapped to Skillsoft's learning
curriculum and integrated into reporting and analytics dashboards,
talent management teams can easily assess their workforce, identify
competency gaps, and deliver upskilling programs tailored to the
specific needs of employees.
Deliver Personalized, Job-Specific Learning Experiences with
Role Advisor
Research from the Society for Human Resource Management (SHRM)
showed 55% of employees saying they need training to perform in
their job more effectively, and 38% wanting training more relevant
to their role. Skillsoft is meeting this need with Role Advisor, a
new, AI-powered tool that aligns specific learning experiences with
learners' current jobs and career aspirations.
Drawing from Skillsoft's skills taxonomy, Role Advisor enables
learners to choose from a defined list of more than 200 job roles —
ranging from Chief Human Resource Officer to Artificial
Intelligence Architect — each tagged with 10 to 20 skills deemed
most critical for success and recommended learning experiences.
Skillsoft customers using Role Advisor in early access observed
that learners who selected a job role were 14% more likely to make
learning a recurring habit compared to those without a selected
role.
Additional features of Role Advisor include the ability for
organizations to automatically match custom job architectures with
Skillsoft’s skills taxonomy to deliver even more personalized
skilling programs, as well as an Aspirational Role function that
allows learners to identify a future job they hope to achieve,
compare their skillset to what is required, and receive
personalized learning recommendations to guide their
transition.
Identify and Address Talent Development Trends with Skill
Reports
Effective metrics, paired with robust reporting tools, allow
talent managers to identify trends in skill development and cater
their training approaches accordingly. Through new, detailed skill
reports, organizations can easily export learning data from
Skillsoft's platform and bring it into their talent management
system. With the ability to filter and tag learning activity by
skill, organizations can drive more strategic and effective efforts
around workforce planning, talent development, and performance
management.
To learn more about Skillsoft's solutions and get started, visit
here.
About Skillsoft
Skillsoft (NYSE: SKIL) delivers transformative learning
experiences that propel organizations and people to grow together.
The Company partners with enterprise organizations and serves a
global community of learners to prepare today’s employees for
tomorrow’s economy. With Skillsoft, customers gain access to
blended, multimodal learning experiences that do more than build
skills, they grow a more capable, adaptive, and engaged workforce.
Through a portfolio of best-in-class content, a platform that is
personalized and connected to customer needs, world-class tech and
a broad ecosystem of partners, Skillsoft drives continuous growth
and performance for employees and their organizations by overcoming
critical skill gaps and unlocking human potential.
Cautionary Notes Regarding Forward Looking Statements
This document includes statements that are, or may be deemed to
be, “forward-looking statements” within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which are intended to
be covered by the safe harbors created by those laws. All
statements, other than statements of historical facts, that address
activities, events or developments that we expect or anticipate may
occur in the future, are forward-looking statements and may be
based on current expectations, estimates or projections about our
industry, management’s beliefs or certain assumptions made by
management. Also, when we use words such as “may”, “will”, “would”,
“anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”,
“project”, “forecast”, “seek”, “outlook”, “target”, “goal”,
“probably”, or similar expressions, we are making forward-looking
statements. Such statements are based upon the current beliefs and
expectations of Skillsoft’s management and are subject to
significant risks and uncertainties, and we caution you against
unduly relying on these forward-looking statements.
Factors that could cause or contribute to such differences
include those described under “Risk Factors” in our Form 10‑K for
the fiscal year ended January 31, 2024, and subsequent periodic
reports. These factors should not be construed as exhaustive and
should be read in conjunction with the other cautionary statements
included in our other periodic filings with the Securities and
Exchange Commission. The Company disclaims any obligation to update
any forward-looking statements contained herein, except as required
by law.
Although we believe that the assumptions underlying our
forward-looking statements are reasonable, any of these
assumptions, and therefore also the forward-looking statements
based on these assumptions, could themselves prove to be incorrect,
and actual results or outcomes may vary materially from those
projected in, or implied by, such forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240924432221/en/
Investors Shaina Keegan shaina.keegan@skillsoft.com
Media Cameron Martin cameron.martin@skillsoft.com
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