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Transitioning to a Skills-Based Organization Simplified with New Skills Management Solutions from Skillsoft

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Skillsoft (NYSE: SKIL) has introduced new platform enhancements to help organizations transition to skills-based talent strategies. These improvements, showcased at Skillsoft Perspectives 2024, include:

1. An AI-generated skills taxonomy integrated into the learning platform, providing a standardized framework for aligning skills to various categories.

2. Role Advisor, an AI-powered tool that aligns specific learning experiences with learners' current jobs and career aspirations. Early access customers observed that learners who selected a job role were 14% more likely to make learning a recurring habit.

3. Detailed skill reports allowing organizations to export learning data and filter learning activity by skill, driving strategic workforce planning and talent development efforts.

These enhancements aim to streamline talent management, deliver personalized learning experiences, and provide robust reporting tools for identifying talent development trends.

Skillsoft (NYSE: SKIL) ha introdotto nuovi miglioramenti alla piattaforma per aiutare le organizzazioni a passare a strategie di talenti basate sulle competenze. Questi miglioramenti, presentati al Skillsoft Perspectives 2024, includono:

1. Una tassonomia delle competenze generata dall'IA integrata nella piattaforma di apprendimento, che fornisce un framework standardizzato per allineare le competenze a varie categorie.

2. Role Advisor, uno strumento potenziato dall'IA che allinea esperienze di apprendimento specifiche con i lavori attuali e le aspirazioni professionali degli studenti. I clienti che hanno avuto accesso anticipato hanno osservato che gli studenti che selezionavano un ruolo lavorativo erano il 14% più propensi a rendere l'apprendimento un'abitudine ricorrente.

3. Report dettagliati sulle competenze che consentono alle organizzazioni di esportare dati di apprendimento e filtrare le attività di apprendimento per competenza, favorendo la pianificazione strategica della forza lavoro e gli sforzi di sviluppo dei talenti.

Questi miglioramenti mirano a semplificare la gestione dei talenti, a offrire esperienze di apprendimento personalizzate e a fornire strumenti di reportistica robusti per identificare le tendenze nello sviluppo dei talenti.

Skillsoft (NYSE: SKIL) ha presentado nuevas mejoras en su plataforma para ayudar a las organizaciones a hacer la transición a estrategias de talento basadas en competencias. Estas mejoras, mostradas en las Skillsoft Perspectives 2024, incluyen:

1. Una taxonomía de competencias generada por IA integrada en la plataforma de aprendizaje, que proporciona un marco estandarizado para alinear las competencias a varias categorías.

2. Role Advisor, una herramienta potenciada por IA que alinea experiencias de aprendizaje específicas con los trabajos actuales y aspiraciones profesionales de los aprendices. Los clientes con acceso anticipado observaron que los aprendices que seleccionaban un rol laboral tenían un 14% más de probabilidad de convertir el aprendizaje en un hábito recurrente.

3. Informes detallados de habilidades que permiten a las organizaciones exportar datos de aprendizaje y filtrar la actividad de aprendizaje por competencia, impulsando la planificación estratégica de la fuerza laboral y los esfuerzos de desarrollo del talento.

Estas mejoras tienen como objetivo simplificar la gestión del talento, ofrecer experiencias de aprendizaje personalizadas y proporcionar herramientas de informes sólidas para identificar tendencias en el desarrollo del talento.

Skillsoft (NYSE: SKIL)은 조직이 역량 기반 인재 전략으로 전환할 수 있도록 돕기 위해 새로운 플랫폼 향상을 도입했습니다. 이러한 개선 사항은 Skillsoft Perspectives 2024에서 소개되었습니다:

1. 학습 플랫폼에 통합된 AI 생성 역량 분류법으로, 다양한 범주에 역량을 정렬하는 표준화된 프레임워크를 제공합니다.

2. Role Advisor, 현재 직무와 경력 목표에 맞춰 특정 학습 경험을 정렬하는 AI 기반 도구입니다. 초기 접근 고객들은 직무 역할을 명시한 학습자들이 학습을 반복하는 행동을 보일 확률이 14% 더 높다는 것을 관찰했습니다.

3. 상세한 역량 보고서를 통해 조직이 학습 데이터를 내보내고 역량별로 학습 활동을 필터링하여 전략적 인력 계획 및 인재 개발 노력을 촉진할 수 있습니다.

이러한 향상은 인재 관리의 효율성을 높이고 개인화된 학습 경험을 제공하며 인재 개발 추세를 파악할 수 있는 강력한 보고 도구를 제공합니다.

Skillsoft (NYSE: SKIL) a introduit de nouvelles améliorations de plateforme pour aider les organisations à passer à des stratégies de talents basées sur les compétences. Ces améliorations, présentées lors des Skillsoft Perspectives 2024, comprennent :

1. Une taxonomie des compétences générée par IA intégrée dans la plateforme d'apprentissage, fournissant un cadre standardisé pour aligner les compétences à diverses catégories.

2. Role Advisor, un outil alimenté par IA qui aligne des expériences d'apprentissage spécifiques avec les emplois actuels et les aspirations professionnelles des apprenants. Les clients ayant eu accès anticipé ont observé que les apprenants qui choisissaient un rôle professionnel étaient 14 % plus susceptibles de faire de l'apprentissage une habitude récurrente.

3. Rapports détaillés sur les compétences permettant aux organisations d'exporter des données d'apprentissage et de filtrer les activités d'apprentissage par compétence, favorisant ainsi la planification stratégique de la main-d'œuvre et les efforts de développement des talents.

Ces améliorations visent à rationaliser la gestion des talents, à offrir des expériences d'apprentissage personnalisées et à fournir des outils de reporting robustes pour identifier les tendances de développement des talents.

Skillsoft (NYSE: SKIL) hat neue Plattformverbesserungen eingeführt, um Organisationen bei der Umstellung auf kompetenzbasierte Talentstrategien zu unterstützen. Diese Verbesserungen, die auf den Skillsoft Perspectives 2024 vorgestellt wurden, umfassen:

1. Eine KI-generierte Kompetenztaxonomie, die in die Lernplattform integriert ist und einen standardisierten Rahmen für die Zuordnung von Kompetenzen zu verschiedenen Kategorien bietet.

2. Role Advisor, ein KI-gestütztes Tool, das spezifische Lernerfahrungen mit den aktuellen Jobs und Karriereaspirationen der Lernenden in Einklang bringt. Frühe Zugangskunden beobachteten, dass Lernende, die eine Berufsrolle auswählten, 14% wahrscheinlicher waren, das Lernen zu einer regelmäßigen Gewohnheit zu machen.

3. Ausführliche Kompetenzenberichte, die es Organisationen ermöglichen, Lern Daten zu exportieren und Lernaktivitäten nach Kompetenz zu filtern, um die strategische Planung der Belegschaft und die Talententwicklung zu fördern.

Diese Verbesserungen zielen darauf ab, das Talentmanagement zu optimieren, personalisierte Lernerfahrungen zu bieten und robuste Berichtswerkzeuge zur Identifizierung von Talententwicklungstrends bereitzustellen.

Positive
  • Introduction of AI-generated skills taxonomy to streamline talent management
  • Launch of Role Advisor tool for personalized, job-specific learning experiences
  • Implementation of detailed skill reports for improved talent development tracking
  • 14% increase in recurring learning habits for users of Role Advisor in early access
Negative
  • None.

Insights

The introduction of Skillsoft's enhanced platform features marks a significant shift towards skills-based talent management. The AI-generated skills taxonomy addresses a important pain point by providing a standardized framework for defining and mapping skills across various job functions. This could streamline talent management processes and improve workforce planning efficiency.

The Role Advisor tool is particularly noteworthy, as it directly addresses the demand for more relevant, role-specific training. With early access users showing a 14% increase in learning habit formation, this feature has the potential to significantly boost employee engagement and development. The ability to align custom job architectures with Skillsoft's taxonomy offers a powerful personalization option for enterprise clients.

While these enhancements are promising, their true impact will depend on successful implementation and adoption by Skillsoft's clients. The company's position as both a provider and user of these strategies could lend credibility to their offerings, potentially driving increased market interest and customer retention.

Skillsoft's platform enhancements align with growing market trends in HR tech and talent management. The focus on skills-based strategies addresses the increasing demand for agile workforce planning and development tools. This move could potentially strengthen Skillsoft's competitive position in the $21.8 billion global corporate training market.

However, with a market cap of just $114.6 million, Skillsoft faces significant challenges in a highly competitive landscape dominated by larger players. The success of these new features will be important for the company's growth strategy and market perception. Investors should closely monitor adoption rates and revenue impact in upcoming quarters.

The integration of AI in skills mapping and personalized learning recommendations is a key differentiator. If executed well, this could attract enterprise clients looking to modernize their L&D strategies, potentially driving top-line growth. However, the company's ability to monetize these features and improve its financial position remains to be seen.

Enhancements include automatic skill mapping, role-based learning experiences, and robust learning activity reports

BOSTON--(BUSINESS WIRE)-- 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.

Investors

Shaina Keegan

shaina.keegan@skillsoft.com

Media

Cameron Martin

cameron.martin@skillsoft.com

Source: Skillsoft

FAQ

What new features has Skillsoft (SKIL) introduced to support skills-based talent strategies?

Skillsoft has introduced an AI-generated skills taxonomy, Role Advisor for personalized learning experiences, and detailed skill reports to support organizations in transitioning to skills-based talent strategies.

How does Skillsoft's (SKIL) Role Advisor tool improve learning engagement?

Skillsoft's Role Advisor tool aligns learning experiences with learners' current jobs and career aspirations. Early access customers 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.

What benefits do Skillsoft's (SKIL) new skill reports offer to organizations?

Skillsoft's new skill reports allow organizations to easily export learning data, filter learning activity by skill, and bring it into their talent management system. This enables more strategic efforts in workforce planning, talent development, and performance management.

How does Skillsoft's (SKIL) AI-generated skills taxonomy help organizations?

Skillsoft's AI-generated skills taxonomy provides a standardized central framework or 'dictionary' that aligns skills to various categories. This helps organizations define and map skills, eliminate confusion, and streamline talent management processes.

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