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.
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.
I recently 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 (we recently updated it in late 2022).