Lightcast Strengthens Global Workforce Transformation with Skill Collective Acquisition

Lightcast Enhances Workforce Transformation with Skill Collective Acquisition

In a significant move impacting the global labor market, Lightcast, a leader in labor market analytics, has announced its acquisition of Skill Collective, a renowned strategy consultancy. This partnership aims to create a robust environment for organizations focusing on skills-powered workforce models. By merging resources, these firms intend to provide unparalleled services to enterprises seeking to navigate through the complexities of workforce transformation.

Skill Collective will continue to operate under its brand but will now be referred to as Skill Collective – a Lightcast Company. The merger is set to empower Skill Collective with Lightcast's extensive library of skill standards and dynamic labor market insights. This strategic acquisition brings together two forces that aim to deliver exceptional consulting services in the realm of skills development and workforce analytics.

A Vision for Skills-Powered Organizations

Chris Kibarian, the CEO of Lightcast, emphasized the collaborative potential of this acquisition. He noted, “Skill Collective adds world-class expertise in leading companies through skill transformation.” The combination of Skill Collective's consulting prowess and Lightcast's data-driven insights is expected to facilitate effective execution of skills strategies.

Oli Meager, Co-Founder of Skill Collective, expressed that their firm has experienced consistent growth since its inception, serving some of the largest and most intricate organizations globally. With the increasing demand for practical skills transformation, the synergy with Lightcast is projected to generate evidence-based outcomes that resonate with clients' business goals.

Skill Collective plays a vital role at every stage of the skills journey. From aligning leadership and defining strategic directions to creating foundational skills data and enabling large-scale workforce changes, this consultancy is equipped to meet diverse organizational needs.

Overcoming Execution Barriers in Skills Transformation

Despite the growing importance of skill-based transformation, many organizations struggle to execute frameworks effectively. Building a skills-powered enterprise demands comprehensive support that incorporates both strategy and data. Lightcast enables organizations to optimize their HRIS software, tap into broader talent markets, and shift hiring practices towards abilities over conventional credentials.

Combining strategic consulting, an adaptable data infrastructure, and profound labor market insight, Lightcast and Skill Collective set out to offer cohesive, end-to-end solutions for organizations adopting skills-based strategies. Their collaborative model is built on a neutral, ecosystem-first approach that ensures personalized engagements, irrespective of existing tools, data, or maturity levels.

A Commitment to Clarity in the Skills Market

Karl Weston, Co-Founder of Skill Collective, highlighted the partnership's intent to reduce noise in the skills market and provide clarity. By integrating world-class consulting with unmatched data intelligence, the partnership seeks to create tailored solutions that cater to varying organizational maturity stages.

Lightcast stands ready to assist organizations at all development phases, whether they are initiating or expanding their transformation efforts. This alliance promises to deliver the strategy, resources, and flexibility necessary for organizations to achieve their talent development goals.

About Lightcast

Lightcast is the leading provider of labor market intelligence, empowering data-driven decisions for businesses, educational institutions, and government entities. With a database that includes over 3 billion job postings and 6.3 million companies, Lightcast transforms complex data into clear and actionable insights, ensuring a forward-looking approach to workforce dynamics.

About Skill Collective

Operating from the UK, Skill Collective assists organizations in managing their workforce transformation. By embedding specialists into client teams, the consultancy not only provides practical and agile solutions but also works collaboratively with HR and learning development departments to drive meaningful change across organizations.

In conclusion, the acquisition of Skill Collective by Lightcast signifies a promising advancement in supporting organizations through their journey towards skill-based workforce transformation, ensuring that enterprises harness the full potential of their human capital for sustainable growth.