Merita Consulting

Skills First

In the ever-evolving landscape of business, one truth remains constant: a company is only as strong as its workforce. This is where skills-first hiring and promoting come to the forefront, offering a means to fill positions and a catalyst for driving your company’s growth. When you strategically hire for skills, you open doors to enhanced innovation, heightened productivity, and an overall surge in business success.

Skill Definitions

Determining the skills for each role is a critical first step in building an adaptive workforce. These definitions are the foundation for your job descriptions, job postings, career pathways, and workforce development programs, all of which provide the platform for implementing a skills-first hiring and promotion program.



Skills Assessments

Skills assessments are crucial to the skills-based hiring process. They are the litmus test that helps employers determine if a candidate’s abilities align with the role’s requirements. Yet evaluating technical skills alone is not enough.

You must embrace a holistic approach to skills assessments to find the perfect fit for your team.


SEC seeks to clarify climate change reporting

Posted on by Dwayne Nesmith

Surprising no one, the SEC released interpretive guidance on the presentation of global climate change risks last week.

Specifically, the SEC’s interpretative guidance highlights the following areas as examples of where climate change may trigger disclosure requirements:

  • Impact of Legislation and Regulation: When assessing potential disclosure obligations, a company should consider whether the impact of certain existing laws and regulations regarding climate change is material. In certain circumstances, a company should also evaluate the potential impact of pending legislation and regulation related to this topic.

  • Impact of International Accords: A company should consider, and disclose when material, the risks or effects on its business of international accords and treaties relating to climate change.

  • Indirect Consequences of Regulation or Business Trends: Legal, technological, political and scientific developments regarding climate change may create new opportunities or risks for companies. For instance, a company may face decreased demand for goods that produce significant greenhouse gas emissions or increased demand for goods that result in lower emissions than competing products. As such, a company should consider, for disclosure purposes, the actual or potential indirect consequences it may face due to climate change related regulatory or business trends.

  • Physical Impacts of Climate Change: Companies should also evaluate for disclosure purposes the actual and potential material impacts of environmental matters on their business.

Reporting agencies and other groups, such as the Carbon Disclosure Project and Global Reporting Initiative, applauded the move.