In a groundbreaking partnership, Lightcast, a global leader in labor market analytics, and Guild, an education and skilling solutions provider, have joined forces to integrate Lightcast’s skills intelligence into Guild Talent Advantage. This collaboration aims to address the critical need for business-aligned educational programs and empower companies to make data-driven workforce decisions.
The Need for Skills Intelligence in Workforce Development
- Dynamic Market Demands: Jobs in the U.S. have seen a 37% shift in required skills over the past five years, driven by AI and new technologies.
- Executive Concerns: 95% of executives feel their companies are underinvesting in skills development.
- Proven ROI: Companies strategically investing in employee development report a minimum 11% increase in profitability.
Partnership Overview
This integration will allow employers using Guild’s platform to access skills data reporting for employees enrolled in or completing programs through Guild’s Learning Marketplace. Key benefits include:
- Verified Skills Data: Leveraging Lightcast’s Open Skills Taxonomy to classify and validate skills gained through educational programs.
- Enhanced Workforce Insights: Employers gain clear visibility into employee skills, enabling efficient workforce planning.
- Alignment with Business Outcomes: Programs tailored to deliver measurable results, fostering internal mobility and employee growth.
How It Works
- Skills Mapping: Guild feeds program descriptions into Lightcast’s taxonomy to classify and map skills within curricula.
- Validation: Guild’s learning providers review and validate skills tagging to ensure program relevance and accuracy.
- Outcome-Focused Design: Guild’s curated marketplace ensures high learner completion rates and meaningful outcomes for employers.
Leadership Insights
- Gresham Schlect, CTO, Lightcast:”Understanding skills is key to building a future-ready workforce. This partnership connects employee growth with tangible business results.”
- Rohan Chandran, CTO & CPO, Guild:”Our collaboration with Lightcast provides trusted skills data, enabling HR leaders to align L&D investments with strategic goals.”
Lightcast Open Skills Taxonomy
- 32,000+ Skills: Reflecting real-world needs through billions of job postings and profiles.
- Global Adoption: Trusted by 65% of Fortune 100 companies and numerous education and government organizations.
The Future of Workforce Development
This partnership marks a significant step forward in aligning learning investments with strategic business outcomes. By offering actionable insights into employee skills, Lightcast and Guild empower companies to champion both their people and their business.
