Skills taxonomy: How to better monitor employees’ skills

Monitoring employees’ skills to detect skill shortages Copied

A skills taxonomy is a system that provides a consistent way of measuring the demand and supply of skills. It enables businesses to assess their employees’ potential and monitor employees’ skills to make changes within teams that align with everyone’s needs and goals.

Skills taxonomy unlocks the potential of everyone involved in your business and helps you identify the high performers that can take your business to the next level.

The skills taxonomy can help identify areas that need improvement to work on them collectively. Businesses in many industries have seen remarkable improvements due to using a skills taxonomy tool like AG5. It has helped companies deploy resources where needed the most. You can save valuable time, get rid of tons of Excel sheets, and retrieve information on your complete workforce at a glance.

Monitor skills to increase employee satisfactionCopied

Monitoring employees’ skills will enable creating opportunities for people who want to achieve their full potential. Team managers can plan better when they accurately measure the skill levels in and across departments, making it easy to identify skill shortages. The use of tools like AG5 that simplify skills taxonomy has been beneficial to make teams flourish. Understanding the individual skills in a team makes it possible to create and assign positions where your employees will contribute maximally and feel happy with their achievements.

How to monitor and measure skills 

• Create a skills matrix
• Use key performance indicators (KPIs)
• Conduct a 360° review
• Use self-assessment tools (integrated in AG5)
• Monitor upskilling & reskilling developments
• Plan regular external audits

Filling gaps, monitoring employees’ skills Copied

You want to recruit and train new team members based on specific requirements that will efficiently help you meet your objectives, whether financial gains or growth opportunities with increased productivity levels, among other things! To form successful teams based on strengths and weaknesses, you need to map out your business needs and know all about your employees’ skills. Also, gaps can be filled by additional and personalized training or hiring new employees with the required skills. When team members understand their skill set and those of other team members, they can work together and increase productivity.

How tools enable skills taxonomy 

The benefits of skills taxonomy are valuable, but usage of skills taxonomy was quite limited in many countries globally. Back in the day, the implementation process was tedious and time-consuming. However, more companies embrace this system with advancements in technology, creating more opportunities for individuals, teams, and businesses. With AG5, you never have to worry about your workforce and its competencies because you can monitor it from the start and follow all development closely.

Do you want to monitor your employees’ skills? 

A skills taxonomy can be a valuable tool for businesses of all sizes. So, if you are looking for a way to improve how you monitor and utilize the skills of your employees, AG5 is what you need.  Learn more about how skills taxonomy can unlock potential for your team. Schedule a free live demo today!

Author Copied

Kimberley Vrij

Kimberley Vrij is a copywriter at AG5. She supports our mission by writing about skills management and sharing well-researched content that is easy to understand.