skills gap analysis

An approach to identify skills gap analysis at work

The world of work is changing. People are now doing jobs that did not even exist a couple of years ago. Employers value different skills now.

How do you make sure that your business is on top of the change?

The answer is —By conducting Skills Gap Analysis. 

Skills gap analysis is the most effective way to identify the efficiency within your team, know what your employees are currently offering and how they must help to bring your organisation to the top level. 

Skills Gap Analysis is a method used to govern what gaps exist between employees’ present skills and those required by the establishment to reach their goals. Skills gap analysis is also useful for identifying what the best strategies for closing the skills gap, are. 

The Need to Conduct “Skills Gap Analysis”

Performing an effective skills gap analysis will help your company move forward, as you will gain invaluable insights into your workforce. 

The advantages include: 

  • To be able to conduct— Strategic Workforce PlanningIn a work environment that is continuously evolving, you need to think about who you are going to hire and train—and—how they can help you achieve your business target. 
  • To get an outline of the organisation—You can consider every department in the establishment and determine which team does not have the required resources to meet the organisation’s goals. It will also allow you to look through even deeper into your company’s make up. Getting an overview will help look at specific individuals in each of these departments. It will help determine what skills each individual and the teams need training in and where new employees need to be brought in to fill the gaps.
  • Correcting long-term hiring strategy—You do not have to hire reactively every time a new need arises. Watch where the skills gaps are going to be, and when these gaps are likely to occur. You must put a long-term recruitment strategy in place, to ensure these gaps are always filled.
  • Productivity Increase—Providing your existing employees with the requisite training they require to fill the gaps in their particular skill sets, will make them more productive. By providing career development training, you will benefit from content employees whose career development needs are being met. 
  • Moving ahead—Skills gap analysis will help you steam ahead of your competition by correcting those areas that you are weak in. It will be able to help you hire smart candidates, help you jump-start innovation and get ahead of the curve in your industry.

Conducting a practical skills gap analysis

  • Plan your analysis

A skills gap analysis should be done at two levels – at an individual and a team level. To plan your study effectively, you need to establish who you will need to talk to, including C-suite, team leads & staff-level employees. Team leads can help you uncover skills gaps of the individual employees in their respective department.

  • Describe your organisation’s goals

Where do you wish your organisation to be in the future? It would help if you asked yourself a few questions to be able to know where you are heading, figuring out what skills you will need from employees, to get there. 

  • Govern essential skills necessary for the future

To remain competitive, every establishment has to adopt new technologies and embrace new practices to achieve growth. Make use of skills gap analysis to determine where the gaps in skills are. Based on the future goals and where your industry is moving, establish what skills you will need to achieve those goals.

  • Estimate the current skills

 Check your company’s existing Skills Inventory by— 

*Conducting skills assessments, surveys and interviews with candidates. 

*Establish a feedback process whereby you determine the current skill sets of your employees. 

You can also check the individual and team performance reviews to see where employees and teams are lacking talent.

This will help you to understand how to maximise the productivity of your workforce and also what your current employees may be missing.

  • Check where the skill gaps are

By performing skills gap analysis, you will know what gaps you have now and how that differs from where you want your organisation to be in the future. Recognising the specific challenges your company is facing in terms of workforce skills.

  • Start filling the gaps 

As soon as you find the gaps, you can start planning how to fill them. Reskill and upskill your existing employees to allow you to maximise the skills in them. Doing this will help you close the gaps between their current skill level and your expected one. You will benefit by training them for your future business needs. 

Have employees attend industry-specific events to gain new and much-needed skills.

Conclusion

It is essential to know what skills your company will need in the future to be able to succeed. By 2022, emerging professions will comprise 28% of employment, while other jobs are set to decline. Conducting a skill gap analysis will help you prevent the undesired surprise of having workers with insufficient skills on board. 

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