Impact Measurement Framework

Measure the Impact of Skills-First Talent Practices to Advance Hiring Goals

Companies need a way to understand how their skills-first talent practices lead to stronger workforces, especially for candidates and employees without four-year degrees, who have historically lacked access to economic opportunity and mobility. To address this issue, Grads of Life and the Business Roundtable co-led a working group of 12 companies that are a part of the Multiple Pathways Initiative. Over the course of a year, this cohort of thought leaders and stakeholders built a comprehensive framework.

Our Impact Measurement Framework fosters a holistic view of impact and offers specific metrics companies can begin tracking to evaluate the impact their skills-first practices have on their employees, their business, and society broadly. Built in collaboration with the Business Roundtable, we have also developed an Impact Measurement Playbook, which gives companies a starting point to implement the framework and evaluate the impact of their skills-first practices.

Why should companies measure skills-first practices?

Only by monitoring progress and tracking outcomes for skills-first practices, can companies determine what practices are leading to the greatest impact. By consistently measuring efficacy, companies can continuously improve their strategy and make smarter investments.

Measuring impact gives companies quantifiable evidence that skills-first practices are strengthening business performance, making it an effective way to garner leadership support.

Numbers tells a story and measuring skills-first practices allows companies to tell the story of impact in compelling ways to both external and internal stakeholders.

Our Framework Advisors

This work has been supported by generous contributions from