Role of Skills Inventory in Resource Planning
Employees are the most valuable asset of every organization. There is no doubt about it. However, knowing how to plan and manage your human resources is the secret to the success of your business. Resource planning may require you to think like playing chess. You must calculate your steps ahead, consider potential dangers, and get more creative with your resources to ensure the best outcomes.
But very often, organizations find it challenging to assign the right people to the right task. That is where skills inventory can come to your rescue! About 87% of organizations are well aware that they already have a skills gap or will have it in the next few years.
Therefore, most companies have started prioritizing skills inventory. In this article, you will learn about its role in resource planning. Let’s dive in!
What is Skills Inventory?
A skills inventory is a database or a complete list compiling the skills, experience, education, and seniority level of human resources of an organization. The core aim of this inventory is to assess the existing talent pool, identify skill gaps, plan resources, and predict skill demands. Having a clear idea of the abilities of your team members and the types of projects they can handle can help you achieve company goals efficiently.
Benefits of Skills Inventory for Strategic HR Planning
- Better Skill Gap Analysis
HR professionals interview candidates, assess the cultural fit and gather feedback. However, there is still a chance of missing out on the potential skill gaps. That is where skills inventory comes to help. It can bring more information to the table and enable you to monitor roles, people, and skills through a single dashboard. As a result, resource managers can easily identify the missing skills for a specific project in just a few seconds and come up with appropriate solutions.
- Understand the Ability of Organizations
Skills inventory serves as a tool that allows the HR department to provide accurate estimates relating to the ability of the organization to take up new projects. It can help manage the expectations of clients and improve professional relationships.
- Improves Employee Morale
Not having sufficient information about the skills, talents, and aspirations of employees can lead to morale drop and disengagement. It can have a negative impact on their work performance and overall productivity. Skills inventory provides a clear picture of the growth opportunities and mentorship needs of the team members. Moreover, it can also shed light on the ways employees can advance in their career paths. As a result, keeping the employees motivated becomes simple and easy.
- Creates Opportunities for Reskilling and Upskilling
When there is a skill gap, hiring new people may not always be an ideal option. The lack of time and budget often limits the HR department from hiring more employees. However, skills inventory can help overcome this problem effectively. It makes all the skill information readily accessible and allows the identification of training needs. So, employees can expand their skill set and get reskilled to enhance the competitiveness of the organization.
Conclusion
Are you ready to track the skills of your human resources? Looking for resource planning software? If yes, eResource Scheduler is the best option.