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?
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.
Employee skill and knowledge gaps are becoming a challenge and affecting an organization’s overall productivity. According to McKinsey & Company, 87 percent of the companies all over the world know that their employees either have a skill gap or will have one in the coming years.
iMocha has the world's largest skills assessment library, with over 2500 questions across various domains.
One of the biggest changes that the COVID-19 aftermath has led to is the acceleration of rapid technological advancements across industries. For IT professionals, especially, this has compelled them to use technology to reimagine their operations and leverage new tech innovations for facilitating better development and efficient business models, further increasing the importance of identifying the essential components of learning and development for IT employees.
Soft skills are attributes of personality that determine how well can you work in an organization. These are the skills that help in building relationship with coworkers, build trust among the team, and ultimately be successful. Hard skills, or technical skills, are must for a candidate working in an IT sector, but soft skills make them successful.
