This white paper explores the impact of skills management on companies that have implemented them. Find out how their businesses run.
In our modern business climate, companies are made or broken by the amount and kind of information they use in guiding business decisions, and each day, new ways to gather data and new applications for available data are explored. In fact, the impact of skills management on business performance is enormous.
Since there is a general consensus that a company’s most important asset is its people, reliable data about people’s skills and how they relate to business goals should have tremendous effects on every company. This is where skills assessment plays a crucial role in aligning employee capabilities with organizational needs.
Many companies have thus implemented skills management systems, some for more than a decade now. And so, ample time has passed to assess the impact skills management has had (and can have) on business performance. A robust skills management platform helps businesses track, assess, and develop employee capabilities, ensuring that talent is aligned with strategic goals.
We published a whitepaper that analyzed this topic. The paper provides an in depth view into the experiences of companies that have implemented this system, and how it has improved businesses in 4 major ways:
1. Bridging the Skills Gap
2. Effective Employee Development and Succession Planning
3. Getting the Right People into the Right Positions
4. Financial Benefits
Download the whitepaper here.