What is skills management?
The process of understanding what skills the workforce has and which skills could be developed to meet the organization’s future needs is called skills management.
Why is skills management important?
To sustain growth and innovation, businesses need to empower their workforce to upskill, reskill and sustain individual career growth and innovation. Skill management can help organizations help spot what skills are missing in the current workforce and how they can prepare for the future.
What is a skills management system?
Skills management systems (SMS) are dynamic systems that help to identify, maintain, and utilize the knowledge of employees’ skills. For example, a skill matrix is a well-accepted system of skills management used to record and view the skills of all the employees of an organization.