How a Skills Inventory of your employees can enable effective, data-driven strategic HR decisions
- A Skills Inventory enables HR and Business Managers to analyze and take strategic decisions on human capital in companies
- The level of detail and quality of information are the factors that determine the effectiveness of a Skills Inventory
- Mapping of skills of people in order to generate a Skills Inventory is made easy through IYS Skills Ontology and Skills Profiler
- Try the Skills Inventory application for 50 employees for free today! Write to us at [email protected]
A Skills Inventory, i.e. a detailed aggregation of skills information of employees, is a powerful, data-driven resource for HR and Business Managers to analyze and take strategic decisions on human capital in companies.
To take the example of a commonly used type of inventory, a Materials Inventory helps Supply Chain professionals to analyze the availability of different materials, take decisions on what materials need to be bought in what quantity at what time, and other such decisions.
A Skills Inventory should similarly enable HR and Business Managers to understand the various skills available in the company, help analyze which skills are adequately available, in which skills there are shortages, whether certain skills should be acquired (i.e. people be hired), or whether skills be developed from within.
Thus the Skills Inventory is of highly strategic importance in HR decision making processes in a company.
Like any other aggregate of information or data, including the Materials inventory example we took earlier, it is the level of detail and quality of information that decide its effectiveness.
Thus, a Skills Inventory can be useful only detailed and high quality data is available. For instance, not much value is gained from simply knowing that in an organization there are 30 employees with project management skills. However, availability of a detailed Skills Inventory which provides the information that there are 30 employees with project management skills, of whom 12 have skills in agile methodology, and among those 12, there are 4 members who are at proficiency level 3 (out of 4) and 8 members at proficiency level 2. Such information can offer a massive boost to the effectiveness of decision making.
Mapping of skills of people in order to generate a Skills Inventory is made easy with the comprehensive Skills Ontology (or skills library) and the easy to use Skills Profiler (the front-end interface) offered by It’s Your Skills.
The Skills Ontology covers a comprehensive range of functions, covers skills in detail (knowledge, tools and technologies, domain, role/activities, and behavioral skills). In other words, what would otherwise require a major spend on consultants to create a competency library is built into the It’s Your Skills system and ready to use, for no additional cost.
The Skills Profiler is a user friendly web (and mobile responsive) interface that helps users to pick, tick and rate skills to quickly map skills in a precise, holistic and structured manner.
Here is a sample Skills Inventory Report:
You can see
- different skills in logical clusters
- number of employees who possess each of the skills
- number of employees with different proficiency levels in each of the skills
From an operational perspective, the Skills Inventory
- can be initiated with little effort (with IYS’ light-weight cloud based application)
- is browser driven (no additional hardware or software required)
- can be used to slice and dice data for decision support (run queries, create reports, download as an MS Excel file)
Try the Skills Inventory application for 50 employees for free today! Write to us at [email protected] to get started or to know more.