Create and Leverage a Skills Inventory

Effectively prepare for the changing business landscape by increasing awareness around internal skills to boost competitive advantage.

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Without a skills inventory, organizations will not:

  • Be prepared when baby boomers retire and take their key skill sets with them.
  • Obtain a competitive advantage by building and leveraging internal skills required to meet organizational business metrics.
  • Use internal resources as effectively as possible.

Using a skills inventory will allow organizations to:

  • Increase employee retention rates by using internal skills more effectively.
  • Proactively navigate a volatile, uncertain, complex, and ambiguous world with greater understanding of evolving skill needs.
  • Gain a competitive advantage through awareness of workforce skills and key skills.

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Module 1: Define Project Scope and Objectives

The Purpose

  • Set metrics and consider which proficiency levels the organization wants within the skills inventory.

Key Benefits Achieved

  • Proficiency levels are determined and metrics are defined.

Activities: Outputs:
1.1 Determine how proficiency levels will be defined within your inventory.
  • Skill categories and proficiency levels are reviewed
1.2 Set benchmark metrics and take baseline measurements.
  • SMART skills inventory goals and metrics are set

Module 2: Determine Approach and Create a Communication Plan

The Purpose

  • Create a communication plan for the Skills inventory.
  • Determine how you will track skills and proficiency levels.

Key Benefits Achieved

  • Communication plan is determined.
  • Data collection is decided and tool is chosen.

Activities: Outputs:
2.1 Determine the data collection method that best supports your organizational environment.
  • Data collection method determined
2.2 Create a communication strategy to obtain buy-in from managers and employees.
  • Communication strategy created
2.3 Determine what you will use to create your skills inventory.
  • Tool used to create skills inventory is discussed and determined

Module 3: Build Skills Inventory

The Purpose

  • Gather all current and key skills within the skills inventory.
  • Identify key skills and any gaps.

Key Benefits Achieved

  • Skills and proficiency levels are inputted within the skills inventory.
  • Key skills are noted and gaps are recognized.
  • Skills inventory is set.

Activities: Outputs:
3.1 Identify and define the comprehensive list of skills to be reflected in the inventory.
  • All skills defined, documented, and populated in the inventory
3.2 Cascade down to identify key skills within your complete list.
  • Skills inventory finalized and distributed