The year 2022 may not have been the best in terms of the world economy, but as a silver lining, it taught us a few crucial lessons about the importance of skills intelligence.
Imagine that one fine day, your company’s CTO decides to resign.
According to the 2022 Global Benefits Attitudes Survey by WTWCO, 53% of the employees are searching for new opportunities, and there are different factors resulting in this, including pay and bonus, job security, health benefits, and flexible work. However, these components aren’t merely the top reasons employees move away from a company. They can be the top reasons for improving employee retention when offered correctly.
Skills intelligence is an HR-tech architecture that makes the best out of an organization’s skills inventory, skills taxonomies, and market skills intelligence. Leveraging a skills intelligence platform can be a pathway for your organization to attain talent transformation.
What do you think is the best way to reduce the skills gap?
Internal mobility, aka talent mobility, is more than just a buzzword to build a versatile talent pool within an organization. Instead, when your company makes the best out of talent mobility, it can enhance your company’s growth and improve your employees’ performance, retention, and satisfaction rates.
Skills inventory refers to a repository of your employees' skills data containing their educational qualifications, work experiences, certificates, licenses, etc. You can learn more about skills inventory from here.
An organization is as successful as its employees - when employees succeed, the business grows. However, even the most skilled employees often need direction and encouragement to succeed at their job.
Organizations depend on tools to assess employee training needs on a regular basis. Many training needs assessment techniques still rely on tried-and-true methods, including surveys, focus groups, job mapping, and interviews.
“The land of opportunity and growth” is what each organization claims to be during hiring. But to what extent is this true? Is your organization capable of delivering that promise?
Upskilling is the need of the day. As a matter of fact, a recent study says that organizations will increase L&D budgets by67%.In fact, several organizations are now spending as much as $5000 per employee on L&D. Even the employees are on the same page when it comes to upskilling with 76% preferring to stay in an organization the providescontinuous learning opportunities. But measuring the outcome of L&D programs still remain a challenge.
