The Business Case for Elevating Nontraditional Talent From Within

BY Stephanie Reed | November 08, 2023

Anthony Hughes, CEO and co-founder of Tech Elevator, aspires to broaden the scope of talent available for technology companies. From this mission he gained a fresh perspective and approach to business described as “elevating people, companies, and communities.”

“There’s an enormous opportunity for America’s corporations to recognize the value of the talent that they have within and see that benefit,” Hughes said. He founded Tech Elevator based on this revelation: promoting nontraditional talent, particularly internally, is advantageous for businesses and the economy.

One notable success story Hughes recounts is Amazon’s Career Choice Program, where the company invested $900 million to reskill its warehouse workers despite the potential risk of investing in the careers of these workers, many of whom were temporary employees.

Amazon utilized its quality warehouse talent and developed an impressive brand builder, driving the company to reach new heights of sustainable progress. Hughes sees this approach as a natural trajectory for individuals climbing the corporate ladder and optimizing businesses.

A Broader Scope of Talent

During his thought leadership spotlight session at From Day One’s Philadelphia conference, Hughes shed light on employers’ hesitations about reskilling their teams. To that, he shared compelling results from his company, revealing that one of his clients achieved an impressive 100% retention rate over three years after undergoing in-house reskilling.

Aptitude assessments predict career performance outcomes more accurately than educational background, years of experience, academic success, or promising interview, according to a study by Frank L. Schmidt and John E. Hunter.

Anthony Hughes of Tech Elevator led the thought leadership spotlight in Philadelphia.

Hughes discussed the broader implications of these findings on business. “When you come to the realization that cognitive ability is distributed evenly in the general population, and in your incumbent workforce, the territory that you can fish for talent becomes exponentially larger.”

Businesses and workers reach new professional heights when they consider talent beyond traditional recruiting. Hughes cites several successful companies in broadening the available scope of talent through advancing nontraditional talent and reskilling.

For example, JP Morgan Chase has a Tech Connect program that selects and trains candidates from HBCUs in computer science, chemistry, and biology graduate programs.

Companies like Tech Elevator and JP Morgan Chase are finding more talent with the skills to perform by broadening their selection process to directly counteract the imbalance of talent that traditional systems produce in our economy today.

“We simply cannot buy our way to acquiring all the talent we need. We must think in the long term about developing strategies to create the talent that we need to compete consistently,” Hughes said.

In 2015, in Cleveland, Ohio, there were 8,000 software developer positions, yet only 280 individuals from all of its 4-year institutions held computer science degrees. Tech Elevator contributed to filling the gap of high-potential talent in technology companies by training people from diverse backgrounds and helping clients develop an in-house reskilling program.

Investing in Your Community to Grow

Some employers feel apprehensive about elevating nontraditional talent from within due to costs and other measures. However, internal reskilling costs companies about $20,000, while traditional recruiting costs add up to $135,000.

“Rethinking the Build vs. Buy Approach to Talent,” a study by Josh Bersin, factors onboarding and the average 2-3 turnover cycles over three years in traditional recruiting methods toward higher effort and costs.

The advantages of reskilling go beyond this too, by promoting diversity, building an employer brand, and leading to less turnover.

Promoting nontraditional talent from within optimizes businesses through efficient time, team, and financial management: companies save time and money by reskilling talent from within, see their productivity quicker without an onboarding process, maintain retention, and get reliable feedback on business development.

Companies also have an opportunity to promote diversity by elevating nontraditional talent from within, helping workers loyal to their organizations reach their fullest potential and achieve leadership positions by developing new skills.

The business case for elevating nontraditional talent from within is successfully closing the gap between companies and high-potential talent by investing in the myriad of qualified workers within their companies. The foundation of business success remains true today: workers are the most valuable asset.

“Everybody here is here because you have worked your way up,” Hughes noted. “You have had an impact in your careers; you have demonstrated that you are worthy of investment.”

Editor’s note: From Day One thanks our partner, Tech Elevator, for sponsoring this thought leadership spotlight.

Stephanie Reed is a freelance news, marketing, and content writer. Much of her work features small business owners throughout diverse industries. She is passionate about promoting small, ethical, and eco-conscious businesses.