42_European business magazine autumn 2021

Page 72

Businesses Are Using Skills Management Software To Build For The Future

S

kills management software has become an integral tool for any business looking to better utilise their employees and maximise the productivity of all departments whether they are an SME or a much bigger corporation. The process involves designated management staff using free or subscription-based software to understand and monitor the skills of their employees, developing those or other abilities to better fulfil their specific roles and then introduce new practices that will achieve business growth from utilising the workforce better.

72 europeanbusinessmagazine.com

The four main outcomes of this process are generally seen to be: finding specific staff members to solve urgent problems, allocating resources to the most in need departments, finding areas where new projects can be launched and to develop staff competency to achieve their purpose. In a basic form, this process can be referred to in such ways as digitise, track, and assess, and is a crucial part of businesses planning for their future. One key tool in this process is maintaining an ‘employee skills database’, allowing employers to keep track of

their workers’ skills, goals, and future opportunities with greater precision when making decisions, meaning that companies stay agile and able to react to changes by allocating tasks to the experts who will therefore achieve greater success in their role. Within every category, by rating each skill on an average point scale from 1 to 5, employees and new hires record their confidence and abilities in each area, with 5 representing the highest level of experience and confidence and providing insight into areas that require improvement for future progression.


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