skill profiling

What Is Skills Taxonomy? How Does It Help Competency Profiling?

If you’re running a business, skill assessment is essential for you. However, in today’s vibrant space of business, the list of skills goes on and on. Documenting each skill is time-taking and would cost you vital business resources. That’s why, using a skills taxonomy is suggested. It helps you map the skills in your organisation seamlessly.

This system, also reveals the intricate correlations between different skills and helps you comprehend the overall impact. Thus, on a macro-scale, a skills taxonomy is beneficial for your business to understand the gaps in available skills.

How does it work?

When you use software with a dedicated skills taxonomy, you can access a database of available skills. This system, helps you understand the complexities and nuances of different skills. Most skills in our current world, are interconnected. The skills taxonomy, intelligently automates the task of finding these connections. It helps you to develop a visual map of hard and soft skills in your organisation. 

Additionally, it also reviews your business process and maps the requirements of aptitude, activities domain knowledge required, certification requirements, etc. Once this is done, your skill map is ready You can compare your business’ skill requirements to the available competencies. 

Classification of Skills

Using a skills taxonomy, competency profiling is enhanced for your business. This system, helps you classify competencies in three broad categories:

  1. Hierarchical classification allows you to classify skills based on their overarching skillset. For example, Software engineering includes Development, Administration etc.
  2. Associative Classification of skills, helps you separate skills based on correlations. Such connections include the industry these skills are used in, the skills that are needed along with them, etc.
  3. Classification according to the context of a skill, puts a skill in combination with others to check its relevancy. For instance, Written English, can be correlated to blogging or teaching.

Thus, if you’re undertaking the task of competency profiling, using a skills taxonomy is essential. It saves you time and automates your process. This system, frees up HR intellectual capital allowing them to strategize better recruitment plans for acquiring the talent needed to fill your organisational skill gap.

IYS is a skill centred organisation that aims to streamline business HR processes. You can check out the website to get more information on skills profiling. Additionally, they host a vibrant ISOT and EMS system to help you with skills mapping. It’s highly recommended you avail of these software solutions to skyrocket your business growth. 

FAQs

1. Is the skills taxonomy finite?

Yes. The number of skills on the planet is finite, thus, the skills taxonomy is also finite. However, it consists of a diverse suite of skills, relevant to 32+ industries. 

2. Is it accessible online?

Yes. The skills taxonomy is available online and your business can access it easily. You will just need a subscription to gain access. 

3. Is It helpful for my business?

Yes, the skill taxonomy can help you map out the talent requirements of your business and help you hire people with the skill sets you need.

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