In reality, no. (We have been doing it for ten years.)
(a) skills are perishable
(b) experience is not indicative of performance – perhaps error reduction, but not competitive performance.
(c) rate of career advancement, educational institution (a filter), IQ and physical appearance are the best individual measures.
We have used stack ranking and peer review and it is surprisingly effective. Management is almost always wrong. Peers are the best determinant of value.
https://www.quora.com/Is-it-possible-to-quantify-work-experience