How Standard Chartered’s Skills Passport is shaping the future of work

Digital Reinvention
22/09/2024News

Standard Chartered Bank recently launched the Skills Passport, an innovative initiative aimed at empowering its workforce by focusing on skill development and career growth. Developed in partnership with Gloat, a leader in AI-powered talent marketplaces, this platform offers employees the opportunity to explore a wide range of internal roles, projects, and learning resources. The goal is to create a more dynamic and adaptive workforce capable of meeting the evolving demands of the financial industry.

The Skills Passport provides a personalized career development experience. Employees can assess their current skills, identify gaps, and pursue opportunities for growth through upskilling or reskilling. By using artificial intelligence to match employees with roles and projects within the organization, the initiative encourages career mobility, ensuring that staff remain engaged and continuously develop their capabilities. This not only benefits the employees but also helps Standard Chartered in addressing skill shortages and maintaining a competitive edge in the rapidly changing financial landscape.

Tanuj Kapilashrami, Standard Chartered’s Group Head of Human Resources, highlighted that the Skills Passport is part of the bank’s broader commitment to fostering a learning culture and enhancing talent development. With the rise of digital transformation and the changing nature of work, this initiative positions the bank to better respond to industry shifts while retaining and nurturing its talent pool.

By offering such tools, Standard Chartered demonstrates its dedication to career progression and employee engagement, helping its staff remain relevant and competitive within the industry.

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