The skill sets required in the way businesses will work in the coming decades will be vastly different to those at present. Yet, few business leaders will have a clear view on present level abilities of their personnel and the gaps they will be facing. Business these days are maintaining enormous data warehousing capabilities thanks to information gleaned from digitization, cloud and the internet of things, yet few have the personnel to process this into meaningful insights. A study anchored by management consulting behemoth PwC claimed that nearly two-fifths of CEOs are analysing the impacts automation will have on their workforce while about half confirmed to be pondering the interaction between humans and machines. To truly ensure smooth transformation, a few steps need to be put in place. To start with, companies must compile an inventory of existing personnel’s dynamic skill levels. This inventory must then be organized in specific terms, and not just using readily available keywords. The skills then need to be analysed using sophisticated software. When all this is done, future planning needs to be started with an eye on workforce strategy.

Source:https://www.strategy-business.com/blog/Why-Companies-Need-to-Build-a-Skills-Inventory?gko=8b016

Uploaded Date:18 November 2017