Do you wish to take your company to the next level by assembling a stellar team of dexterous and knowledgeable employees? Are you looking for a blueprint to hiring qualified and high-performing employees?
If you said yes, you’ve landed on the right page!
A skills gap analysis is a strategic method to analyze and close gaps in your workforce’s skills. Skill gap analysis is a designed tool that determines the gap between your organization’s present skills level and the intended state, arming you with the information you need to make crucial business decisions and lead the race to become future-ready.
What is Skill Gap Analysis?
Skill gap analysis is a crucial exercise for achieving corporate success. Whether you’re a little business or a multinational corporation, a manufacturer or a service provider, the future of employment affects everyone. It’s the plan for the bridge that connects your company’s past with its future, ensuring that your employees’ skills remain current and relevant. Also known as competency gap analysis, it guarantees that your workforce’s present competencies are bifurcated at a team, job-role, and individual level, followed by matching it to the company’s future goals.
A skill gap analysis is the first step toward a future-ready workforce for your company. It offers the foundation for a fail-safe training programme that considers the skills gap and methods to close it. It is a proactive way to equip your staff with the skills they need to fulfil their full potential and move your company ahead.
Levels of Conducting Skill Gap Analysis
On two levels, a skill gap analysis can be performed:
- Organization or Team Level
Skill gap analysis occurs at the organizational level only in unusual circumstances. For example, the pandemic required businesses to operate from home, but many were unprepared for this life-altering change. To guarantee a smooth transition, several companies undertook a company-wide skill gap study to see if their employees have the required skills to function efficiently and productively in a remote work environment. Once they identified the gaps, they worked to fix them by providing online training, stress management workshops, and other learning and development programs.
- Individual or Employee Level
A skill gap analysis is performed at an individual level when there is a performance gap or the need to upskill for a future job role. You can make a list of the skills needed to perform a job role effectively, analyze the employee’s present skill level, and devise a strategy to bridge the gap. Analyzing skill gaps is critical for tech firms and teams because the rapid pace of technology evolution can make them obsolete. The necessity for periodic upskilling in tech-driven teams has increased due to advanced technologies like machine learning, artificial intelligence, etc.
How to Conduct a Skill Gap Analysis?
A streamlined skill gap analysis technique can be used to identify a skill gap, which entails asking three key questions:
- Where do you want your company to go?
Begin by determining your company’s short-term and long-term visions and objectives. You should create a list of abilities that your company requires to achieve its current and future goals.
- What is the current state of your company?
Once you’ve set your eyes on the future, the following step determines how to get there and achieve it. For this, you need to collect data on how your workforce executes a specific activity, how essential these duties are to your organization’s success, what skill sets and better methods they have to accomplish the job.
- How to bridge the gap identified?
You can then determine what to do next based on the results of the gap analysis. The measures can include training, courses, certifications, mentoring, shadowing, and long-term projects.
A skill gap evaluation is critical for the long-term success of your company. It provides a roadmap for your company and employees to not only survive but prosper in today’s unpredictable, uncertain, complex, and confusing business climate. The skills gap analysis acts as a data repository, allowing your company to grow to new heights while ensuring employee productivity, engagement, and loyalty. This can be achieved using the Discover Assessments platform.