Talent Analytics

A Step by Step Look into How Skill Gap Analysis Works

Skills run the word of business today. Assessing skills in an organisation is essential to its growth. If you’re a business owner, establishing a competency profiling process can enhance your business’ efficiency. As a result, you should turn to the best skill gap assessment software to help you out. Such software will allow you to catalogue, match, map, and plan, skill requirements in your organisation.

It will generate insights into the areas where Human Resource development and training are needed. Additionally, you will also be able to iron out what kind of talent you need to add to your organisation’s portfolio! Let’s take a step-by-step look into how skill gap assessment works.

#1 Assessing Current Organisational Skills

The first step involves ironing out finer details regarding the skills present in your organisation. A cutting-edge SaaS skill management software will help you identify the current skills in your organisation. Such software uses a skill-based taxonomy to catalogue and identify skills. 

#2 Mapping Job Requirements

The next step lies in mapping the job-based skill requirements in your organisation. Once each job is accounted for, the ESM will identify the relevant skills which every job profile needs. It helps drive collaboration in your HR department’s recruiting and training processes. 

#3 Understanding Skill Gaps

Once the job requirements and skills available are determined, the time for assessing gaps arrives. At this time, your HR will be able to compare the skill map of employees and the skill map for jobs, to understand the skill areas which are lacking in your organisation. 

#4 Decision Making

The end goal of a competency profiling process is to determine the decision regarding skill enhancement in your organisation. Your HR may opt for either of two ways, acquiring talent from outside the organisation, or training and developing existing employees. The decision can be made based on which option is more cost-effective. 

Thus, skill gap assessment helps you single out the different skill requirements in your business. As a business owner, you will be able to see increased efficiency in your HR process. Additionally, matching the right individuals to the right jobs helps ensure better productivity and more.

Give your organisation the boost it needs with a cutting-edge SaaS ESM system for skills management. Use the extensive skills taxonomy to drive growth and map finer details of your organisation’s employees and job profiles today.

FAQs

1. What is a skills taxonomy?

A skills taxonomy is a system that catalogues skillsets available around the globe. It helps you access and identify skills that may not be present in your organisation. Additionally, it supports your HR to identify new skills that lie beyond their knowledge. 

2. Is the ESM system a local system?

No. The ESM system, is based on a cloud architecture. It can help you access growth unlike ever before at a moment’s notice. 

3. Where can I find such software?

It’s recommended you search online to find yourself such a software today.

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