As the talent landscape has continued to change, it has become more difficult to source quality candidates. And this isn’t expected to get better. McKinsey & Co. found 87% of companies have a skills gap or will in the next few years.
In fact, Korn Ferry estimates that the demand for skilled workers will outweigh the supply by 2030, leading to a talent shortage that could cost the U.S. upwards of $1.7 trillion in revenue.
The solution is a transition from resume screening to skills-first hiring practices.
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