Untapped Talent: The Rise of Skill Based Hiring – an Interview with Betty Thompson, Former CPO at Booz Allen Hamilton

Fearless Female Leadership Podcast with Sheryl Kline, M.A. CHPC

http://www.sherylkline.com/blog
I had the great pleasure of interviewing Betty Thompson, former Chief People Officer at Booz Allen Hamilton and Chairwoman of the Board at SHRM, about her journey and insights on harnessing untapped talent. She emphasized the importance of skills over degrees, citing the rising cost of education and the need for diverse workforce strategies. Thompson highlighted the value of internal talent development, leveraging AI for skill identification, and creating pathways for non-traditional candidates. She stressed the necessity for organizations to plan three to five years ahead, invest in lifelong learning, and foster a culture of continuous improvement. Thompson encouraged individuals to seize opportunities rather than chase specific roles, advocating for resilience and adaptability in the evolving job market.
Key Takeaways from this Interview:

• 0:34:50 Individuals should chase opportunities that challenge them, as learning often comes from stepping outside one’s comfort zone.
• 0:10:04 Resilience and the ability to recover from setbacks, even when feeling vulnerable, can be critical to career success.
• 0:12:54 Eliminating college degree requirements for many roles can open up untapped talent pools and address workforce shortages.
• 0:19:14 Transparency about the impact of AI and upskilling opportunities can help mitigate employee fears and increase loyalty.
• 0:25:54 Companies that don’t adapt to skill-based hiring risk workforce shortages, burnout, lack of diversity, and losing top talent to competitors.
• 0:32:56 Organizations should plan 3-5 years ahead, stay informed on industry trends, and build relationships with thought leaders to anticipate future skills needs.
• 0:02:45 Betty’s aunt was a significant role model, balancing family, business, and education, which inspired Betty’s own career path.

If Betty's story resonated with you, I’d love to hear yours. Let’s connect and explore how you can apply these principles to your leadership journey. Book a call with me today to share your story and take the first step toward fearless leadership.

If you’re interested in being featured on the Fearless Female Leadership podcast, please email me at [email protected].

Cheering you on always!
- Sheryl