In this episode host James Mackey discusses with Josh Millet, Founder and CEO at Criteria Corp, the many elements that are driving the rise of skill-based hiring.
They also discuss the concept of filtering in people, as opposed to filtering out, and the need to remove bias and promote diversity, equity and inclusion (DEI) in hiring practices, as traditional tools have been shown to inject bias and not create good outcomes.
Additionally, they address the labor supply problem in the US is becoming increasingly urgent as the workforce is expected to shrink in the next 10-20 years. As a result, there is a pressing need to find innovative solutions to this problem, including finding "hidden" workers to open up new talent pools.
They highlight landmark studies, such as the "Hidden Workers: Untapped Talent" paper by Joseph B. Fuller, Professor of Management Practice at Harvard Business School, and colleagues, who estimate more than 27 million hidden workers in the US.
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