Mind Shift | Talent as a Service – by Terry Madavo

In the increasingly competitive business landscape, there’s unrelenting pressure for companies to be more productive, with fewer employees and resources. Technology has become a key enabler in this shifting model. But it has major implications for what the idea of ‘work’ itself is becoming.

What’s emerging is a new model for the workforce and the workplace known as ‘Talent as a Service’. In the same way that Netflix virtualized the video shop on the corner, Talent as a Service (TaaS) sees the digital dissemination of expertise replacing the old-school model of organizations hiring people full-time (and of physically going to work every day).

Skills Bank is the first TaaS platforms of its kind in South Africa that deals specifically with the 50+ Demographic. Our goal is simple – to seamlessly connect highly-qualified professionals (50+ years of age) with projects that match their skillset on an on-demand basis.

For businesses, this means lower capital investment, less guesswork in allocating contract work and higher productivity. For people with the right expertise, it means flexibility and the opportunity to be your own boss.

Skills Bank uses technology to disrupt the traditional labour model. Clients/Companies and consultants register for free. While clients can submit projects, consultants submit their CVs and references and undergo a rigorous vetting process ensuring only the best candidates are listed.

We then use an algorithm to match expertise to projects – giving clients a shortlist of experts to choose from. After agreeing to the fee and deadlines, the project commences. On completion, the client can rate the consultant based on their performance. This ensures the best results for both parties – and ensures that great work, results in more work for the consultant.

So, whether you’re a consultant or business, Skills Bank is designed to meet your most pressing challenges.

Consultant challenge Skills Bank solution
 

Need more flexibility

 

Access to a constant stream of projects, with the ability to pick and choose from those that suit your skills and capacity
 

Need to grow my earning potential

 

Tailor your earnings to suit the type of life/work balance you want.
 

Want to focus on what interests me

 

 If you’ve got the skills, on Skills Bank you choose the projects that interest you. It’s your work, on your terms.

 

Business challenge Skills Bank solution
 

Need for business agility

 

Forget having staff sitting idle between projects. Get expertise on-demand. Save money while having access to a constant pool of talent resources.
 

Need to cut costs

 

Forget exorbitant mark-ups. Now, even small businesses can access a high-quality, on-demand talent pool without being locked into expensive long-term contracts.
 

Need peace of mind that the experts we hire will get the job done, in time

 

Our rigorous vetting process means we ensure only the best talent is available to be matched to your projects. The consultant rating system also makes sure they deliver only the highest-quality work.

 

Beyond the immediate benefits for workers and organizations alike, the shift toward the TaaS model also holds a lot of potential for big data. Over time, we’ll be able to gather insights on demand for skills – which can in turn help people plan their studies and next career moves.

We’re incredibly excited to be embarking on this journey and look forward to working with you, to change the way we all work.

 

Written by Terry Madavo – Sapientis HR terry@sapientis.co.za

Terry and his team are working with Refirement Network and other interested parties to make this product a reality. Please be in touch with Terry or Lynda@refirementnetwork.com  for more details or how you can get involved.

 

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