Labour market challenges, along with the need for businesses to be more efficient, means that skills in the workplace are more important than ever.
It is important because the workplace is evolving, factors include technology changes, employee expectations, an increased number of generations in work, and financial constraints resulting in businesses needing to limit/cut resources.
Advancements in technology means that companies are looking to automate their processes, to streamline and in some instances cut resource costs. This includes the development of AI, which is a hot topic of discussion/argument that has developed over the last couple of years.
When considering all of these external and internal factors, it is vital that companies look at the skills requirements of the business, then map these to their people, and identify where they are gaps. This is where a skills analysis can support. To start the analysis process:
- Identify the skills in the business
- Map out the skills of the employees
- Look at the skills for the future
This comprehensive process helps to design your HR strategy and drives the following practices:
- Resource planning
- Learning and development
- Rewards
- Promotions / career development
A thorough skills analysis can be time consuming, however the value of this programme can result in improved employee retention rates and people feeling more motivated and engaged. People feel that they are developing skills and rewarded appropriately for their contribution. The company is rewarded with improved productivity and the employer is recognised as being ‘a good place to work’.
For more information on how to conduct a skills analysis reach out to our team of HR Consultants for free initial advice by filling out our online enquiry form.