When using real-time labor data, a skills taxonomy is crucial: it is how you take the tremendous amount of data available from job postings and turn it into actionable insights. In this white paper, Mapping the Genome of Jobs, we look at how an effective taxonomy allows for detailed analysis of the job market at the level of individual skills.

As the pace of change in the labor market increases, skills are being mixed and matched in new combinations, both in occupations old and new. As a result, skill requirements are shifting faster than job titles can keep up. Two software developers, for example, may require dramatically different skillsets – one may need to know basic Java, another deep learning. Skills, in effect, provide the DNA for both jobs and the overall job market – and the change in skillsets is rewriting that DNA at breakneck speed.

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