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Skills-based talent practices can create $125K in ROI per worker, report says
Yahoo Finance· 2026-03-17 10:45
Group 1 - The research emphasizes that Learning and Development (L&D) is crucial for employee retention and addressing skill gaps in the workforce [3][4] - Skills-based hiring practices significantly reduce hiring friction, enhance retention, and yield clear financial returns, especially in a tight labor market [4] - Employees express a preference for companies that invest in their training, with many believing that employers overlook capable candidates due to a reluctance to provide training [4] Group 2 - A report indicates that many employers overly depend on traditional credentials rather than skills, suggesting that skills-first hiring should be a company-wide initiative [5] - Companies often make hiring decisions based on personal likability rather than relevant skills, which can lead to suboptimal hiring outcomes [6] - Implementing skills-based talent practices can result in over $125,000 in ROI per cybersecurity employee, with mentorship and personalized learning increasing retention by up to 18% [6]