{"id":3824,"date":"2022-09-18T19:46:29","date_gmt":"2022-09-18T14:16:29","guid":{"rendered":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/?p=3824"},"modified":"2024-11-06T16:37:54","modified_gmt":"2024-11-06T11:07:54","slug":"skills-gap-analysis","status":"publish","type":"post","link":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/","title":{"rendered":"How to Conduct a Skills Gap Analysis: Your Complete Guide"},"content":{"rendered":"\n<p>Skills gap analysis has become a critical&nbsp;business tool as organizations are experiencing a fast expanding demand for <a href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/reskill-mediocre-employees\/\" data-type=\"post\" data-id=\"2417\">reskilling&nbsp;and upskilling their workforce<\/a>. But where should&nbsp;the organization even begin? This post will define skills gap analysis, discuss its potential applications, and provide step-by-step instructions for carrying out such an analysis. Let us start.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69de3633e5ffe\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69de3633e5ffe\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#What_Are_Skill_Gaps\" >What Are Skill Gaps?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#What_Is_a_Skills_Gap_Analysis\" >What Is a Skills Gap Analysis?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#What_Are_the_Advantages_of_a_Skills_Gap_Analysis\" >What Are the Advantages of a Skills Gap Analysis?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#Automation_and_AI-related_Skill_Shifts\" >Automation and AI-related Skill Shifts<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#You_Can_Learn_More_About_Your_Entire_Staff\" >You Can Learn More About Your Entire Staff&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#It_Promotes_Personal_Growth_and_Learning\" >It Promotes Personal Growth and Learning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#It_Will_Assist_You_in_Strategic_Planning_and_Management\" >It Will Assist You in Strategic Planning and Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#It_Can_Help_You_in_Recruitment\" >It Can Help You in Recruitment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#It_Gives_You_a_Competitive_Edge\" >It Gives You a Competitive Edge<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#How_to_Carry_Out_a_Skills_Gap_Analysis\" >How to Carry Out a Skills Gap&nbsp;Analysis?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#A_Qualitative_Method_for_Skills_Gap_Analysis\" >A Qualitative Method for Skills Gap Analysis<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#Dimensions_and_Analysis\" >Dimensions and Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#Gathering_and_Analyzing_Data\" >Gathering and Analyzing Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#Making_an_Intervention_Plan\" >Making an Intervention Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#Skills_Gap_Analysis_and_Remediation\" >Skills Gap Analysis and Remediation<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#Existing_Employees_Development_and_Training\" >Existing Employees&#8217; Development and Training<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#Job_Redesign\" >Job Redesign<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#The_Hiring_of_Those_with_Specialised_Knowledge\" >The Hiring of Those with Specialised Knowledge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#Taking_Steps_to_Fill_Any_Potential_Skill_Shortages\" >Taking Steps to Fill Any Potential Skill Shortages<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#A_Quantitative_Method_for_Skills_Gap_Analysis\" >A Quantitative Method for Skills Gap Analysis<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/#Rounding_it_Up\" >Rounding it Up<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Are_Skill_Gaps\"><\/span>What Are Skill Gaps?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Research has revealed that 78% of participants predict their firms will experience a skills gap in the coming years&nbsp;and that 83% of respondents report a skill shortage in their organization. Additionally, approximately three-quarters claim that the discrepancy impacts the consumers, growth prospects, or delivery of services in their firm. While most businesses are aware of the problem, few prioritize it and give their employees the training they need. This issue is evident from the statistics.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"742\" src=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-content\/uploads\/2022\/09\/image-32.png\" alt=\"skills analysis\" class=\"wp-image-3826\" title=\"\" srcset=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-content\/uploads\/2022\/09\/image-32.png 1200w, https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-content\/uploads\/2022\/09\/image-32-768x475.png 768w, https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-content\/uploads\/2022\/09\/image-32-465x288.png 465w, https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-content\/uploads\/2022\/09\/image-32-695x430.png 695w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.td.org\/press-release\/83-percent-of-organizations-have-skills-gaps-according-to-atd-research\" target=\"_blank\" rel=\"noopener\">td.org<\/a><\/figcaption><\/figure>\n\n\n\n<p>The absence of a particular skill set when executing a job causes a person to perform relatively poorly, which is known as a skill gap. It refers to the extent of discrepancy between the worker&#8217;s actual outcomes and their ideal productivity.<\/p>\n\n\n\n<p>It is an essential part of the staff development plan. A primary focus for achieving short- and long-term targets can be closing the skills mismatch. The short-term objectives seek to bridge gaps and resolve current company weaknesses through training and growth.<\/p>\n\n\n\n<p>Planning and strategy are essential for achieving long-term objectives and addressing and resolving the core issues. <a href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/employee-training-manual\/\" data-type=\"post\" data-id=\"2904\">The purpose of offering training and education<\/a> is to prevent skill gaps and get people to function at their best levels.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Is_a_Skills_Gap_Analysis\"><\/span>What Is a Skills Gap Analysis?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Skills gap analysis is&nbsp;a tool for determining the gap between the current situation and the desired long-term vision. Companies employ it to pinpoint the competencies a particular person lacks, yet those competencies are necessary for them to successfully carry out their job or specific responsibilities.<\/p>\n\n\n\n<p>Skills gap analysis is a tool HR uses to identify the abilities and knowledge that people inside the company need. HR can resolve the skills shortage in the organization when they have such information. You can accomplish it through succession planning, upskilling, downskilling, and other strategies. In the&nbsp;subsequent sections of this post, we will go over the numerous possibilities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Are_the_Advantages_of_a_Skills_Gap_Analysis\"><\/span>What Are the Advantages of a Skills Gap Analysis?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to the World Economic Forum&#8217;s The Future of Jobs Report,&nbsp;<a href=\"http:\/\/www3.weforum.org\/docs\/WEF_Future_of_Jobs_2018.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">54% of all employees would need to upgrade or swap their abilities in the long term<\/a>. This state is the consequence of&nbsp;accelerating digitization and technological advancements that impact our professional and personal lives.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Automation_and_AI-related_Skill_Shifts\"><\/span>Automation and AI-related Skill Shifts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A McKinsey paper claims that technology and AI would hasten skill changes.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.aihr.com\/wp-content\/uploads\/Skill-shift-due-to-automation-and-AI.png\" alt=\"Skills gap analysis\n\" title=\"\"><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/industries\/public%20and%20social%20sector\/our%20insights\/skill%20shift%20automation%20and%20the%20future%20of%20the%20workforce\/mgi-skill-shift-automation-and-future-of-the-workforce-may-2018.pdf\" target=\"_blank\" rel=\"noopener\">McKinsey<\/a><\/figcaption><\/figure>\n\n\n\n<p>This data implies that some jobs will be eliminated by automation for businesses in all sectors, whereas others might shift their primary responsibilities and duties. This situation is when job redesigning, or restructuring these tasks and responsibilities to fit them with the evolving nature of work, will become necessary.<\/p>\n\n\n\n<p>However, it&#8217;s crucial to understand which knowledge and skills are currently lacking in your staff and which&nbsp;talents are essential for the operation of your firm before you start redesigning positions.<\/p>\n\n\n\n<p>This gets us to the advantages of performing a skills gap analysis:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"You_Can_Learn_More_About_Your_Entire_Staff\"><\/span>You Can Learn More About Your Entire Staff&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>You will&nbsp;be able to spot personnel with (critical) skill shortages and those most knowledgeable about specific areas of the company.<\/p>\n\n\n\n<p>As a result, you&#8217;ll be capable of concentrating on&nbsp;training&nbsp;resources more effectively on the talents that need the most work. As a result, the team&#8217;s overall performance will be improved through the best possible utilization of its resources.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"It_Promotes_Personal_Growth_and_Learning\"><\/span>It Promotes Personal Growth and Learning<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Each employee shall&nbsp;be able to learn what changes they need to make to attain or strengthen the knowledge and competencies required to function and be practicable in their (later) role. Over time, a skills gap analysis will also increase the output of your staff members.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"It_Will_Assist_You_in_Strategic_Planning_and_Management\"><\/span>It Will Assist You in Strategic Planning and Management<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Among other aspects, strategic workforce planning includes ensuring that the appropriate number of individuals with the right capabilities are available in the proper locations. However, it might be challenging to begin making future plans if you are unsure of your current ability level.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"It_Can_Help_You_in_Recruitment\"><\/span>It Can Help You in Recruitment<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Both this and the preceding sentence go together. If you can find individuals whose talents more closely match those required to perform in a specific capacity, <a href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/employee-retraining\/\" data-type=\"post\" data-id=\"1982\">hiring good employees<\/a> will be much simpler.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"It_Gives_You_a_Competitive_Edge\"><\/span>It Gives You a Competitive Edge<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>You can build a competitive edge and stay ahead&nbsp;of your rivals if you integrate all the above strategies. Knowing your workforce&#8217;s limitations and strengths can enable you to prepare for hiring, learning, and growth, which will improve the success of your business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Carry_Out_a_Skills_Gap_Analysis\"><\/span>How to Carry Out a Skills Gap&nbsp;Analysis?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/img.freepik.com\/free-photo\/hands-working-digital-device-network-graphic-overlay_53876-132150.jpg?size=626&amp;ext=jpg&amp;ga=GA1.2.239629392.1658408179\" alt=\"personal skills gap analysis\" title=\"\"><\/figure><\/div>\n\n\n<p>We provide two techniques for actually doing a skills gap analysis: Qualitative approach and quantitative approach.<\/p>\n\n\n\n<p>The initial strategy is qualitative and has a shaky foundation in the organizational growth cycle. The second strategy is a quantitative method&nbsp;that <a href=\"https:\/\/www.scirp.org\/journal\/paperinformation.aspx?paperid=24502\" target=\"_blank\" rel=\"noopener\">Antonucci and Ovidio<\/a> put forth. We&#8217;ll go through both approaches to analyzing skill gaps, beginning with the qualitative approach.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_Qualitative_Method_for_Skills_Gap_Analysis\"><\/span>A Qualitative Method for Skills Gap Analysis <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dimensions_and_Analysis\"><\/span>Dimensions and Analysis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Zeroing in on&nbsp;the problem is the goal of the preliminary phase. Identifying the necessary skills is what this means in the process of skills gap analysis.<\/p>\n\n\n\n<p>You must first inquire and get answers to specific queries to determine the abilities the company needs today and in the foreseeable future. For illustration:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>What is the purpose of the company?<\/li>\n\n\n\n<li>What are the company&#8217;s objectives?<\/li>\n\n\n\n<li>What essential competencies are required to carry out the mission and achieve the corporate objectives?<\/li>\n<\/ul>\n\n\n\n<p>The following criteria are used to determine if talent is essential or optional. A skill is noncritical when an employee cannot do a task but succeeds nevertheless. On the contrary, an essential skill is absent if a worker completes a task assigned, but the results are subpar.<\/p>\n\n\n\n<p>You should be aware of the following, among other things, in terms of the future abilities required in your company and industry:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Which positions in your company or sector are most prone to be (partly) automated?<\/li>\n\n\n\n<li>Which talents are in demand right now in your sector?<\/li>\n\n\n\n<li>What types of (new) occupations will your business require more of?<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gathering_and_Analyzing_Data\"><\/span>Gathering and Analyzing Data<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/img.freepik.com\/free-photo\/graph-growth-success-improvement-development-business_53876-123895.jpg?size=626&amp;ext=jpg&amp;ga=GA1.2.239629392.1658408179\" alt=\"skills gap statistics\" title=\"\"><\/figure><\/div>\n\n\n<p>Data gathering and analysis come next. The objectives of this phase are to evaluate the tasks currently being performed, rank their importance, and determine the abilities needed to complete the work effectively. For a skills gap analysis, possible data collecting and analysis tasks include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Create job descriptions and determine the essential competencies for each professional role.<\/li>\n\n\n\n<li>Examine current job descriptions to identify future requirements.<\/li>\n\n\n\n<li>Consider how prospective (regulatory) changes and emerging trends in employment may affect your work.<\/li>\n\n\n\n<li>Make an effort to create a checklist of competencies that best explains what is required to perform the work.<\/li>\n\n\n\n<li>Create a list of the present talents of your personnel.<\/li>\n\n\n\n<li>Describe positions and job class requirements.<\/li>\n\n\n\n<li>Conduct <a href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/performance-management-system\/\" data-type=\"post\" data-id=\"3485\">performance reviews and employee assessments<\/a>.<\/li>\n\n\n\n<li>Hold interviews and focus groups with workers, supervisors, and managers.<\/li>\n\n\n\n<li>Determine the skills and knowledge levels of your staff.<\/li>\n\n\n\n<li>Create a single, massive database using the information collected from competency evaluations.<\/li>\n\n\n\n<li>Maintain a record of all personnel&#8217; current qualifications.<\/li>\n\n\n\n<li>Cross-walk with specified vital abilities that are required both today and in the future.<\/li>\n<\/ul>\n\n\n\n<p>You may assist with numerous aspects of this using HR software. It rapidly becomes impractical to physically maintain a count of every employee&#8217;s competencies and ability levels, particularly when your firm is considered medium or large.<\/p>\n\n\n\n<p>For example, a <a href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/lms-reports\/\" data-type=\"post\" data-id=\"2670\">learning&nbsp;management system<\/a> could be a singular, searchable database that&nbsp;compiles all the facts from your workers&#8217; competency evaluations and performance reviews.<\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f8ee9a\"><em>Ad: PlayAblo&#8217;s Enterprise-Grade Micro-Learning platform is built for millennial learners. Micro-Learning and assessments and gamification features ensure learning outcome measurement and sustained engagement.<\/em><br><em><a class=\"rank-math-link\" href=\"https:\/\/playablo.com\/playablo-free-trial.html\" target=\"_blank\" rel=\"noopener\">Find out more and request a custom demo!<\/a><\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Making_an_Intervention_Plan\"><\/span>Making an Intervention Plan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This phase creates an intervention that meets the organization&#8217;s needs. In our situation, this implies that you may formulate a plan to effectively fill these shortages once you&#8217;ve identified where the talent deficiencies are within your firm.<\/p>\n\n\n\n<p><a href=\"https:\/\/denkwerk.online\/media\/1049\/denkwerk_labor_in_transition_engsummary.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Research has revealed that 50% of workers lack basic digital skills<\/a>, which is just one instance of a possible skills mismatch you may run into.<\/p>\n\n\n\n<p>Another illustration is the dearth of workers with soft digital skills (including customer-centricity and a love of learning), which, according to a <a href=\"https:\/\/www.capgemini.com\/wp-content\/uploads\/2017\/10\/report_the-digital-talent-gap_final.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">survey by Capgemini and LinkedIn<\/a>, affects 59% of firms.<\/p>\n\n\n\n<p>Then, there are instances of the industry- and job-specific talents that businesses may be lacking. For example, Deloitte&#8217;s&nbsp;skills gap analysis found that the manufacturing sector&#8217;s skills shortage might result in <a href=\"https:\/\/www2.deloitte.com\/us\/en\/pages\/manufacturing\/articles\/future-of-manufacturing-skills-gap-study.html\" target=\"_blank\" rel=\"noreferrer noopener\">2.4 million open positions by&nbsp;2028.<\/a><\/p>\n\n\n\n<p>The same survey revealed that it might be up to three times harder to fill roles related to skilled manufacturing, digital expertise, and operational management in particular.<\/p>\n\n\n\n<p><strong>According to managers and executives surveyed by McKinsey, the following business areas will need to fill the most likely skill gaps<\/strong>.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.aihr.com\/wp-content\/uploads\/Areas-with-potentially-big-skills-gaps-.png\" alt=\"Areas with potentially big skills gaps\" title=\"\"><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.mckinsey.com\/business-functions\/organization\/our-insights\/beyond-hiring-how-companies-are-reskilling-to-address-talent-gaps\" target=\"_blank\" rel=\"noopener\">McKinsey<\/a><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Skills_Gap_Analysis_and_Remediation\"><\/span>Skills Gap Analysis and Remediation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There are several &#8220;interventions&#8221; you can do, depending on the talents you&#8217;re lacking and the capabilities of your current workforce:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Existing employees&#8217; development and training<\/li>\n\n\n\n<li>Job redesign<\/li>\n\n\n\n<li>The hiring of those with specialized knowledge<\/li>\n\n\n\n<li>A medley of a few or all of the aforementioned<\/li>\n<\/ul>\n\n\n\n<p>Let&#8217;s examine each of these choices individually.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Existing_Employees_Development_and_Training\"><\/span>Existing Employees&#8217; Development and Training<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Your skills gap analysis findings may influence the creation of <a href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/strategic-partnership-between-lnd-and-managers\/\" data-type=\"post\" data-id=\"2127\">learning and development (L&amp;D)&nbsp;programs<\/a>, which will retrain your staff in the outdated or lacking abilities.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Job_Redesign\"><\/span>Job Redesign<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The duties and responsibilities of some occupations may need to be reconfigured as a result of inquiries into the organization&#8217;s values, corporate objectives, and the talents required to fulfill those targets &#8211; both now and in the future. This is exactly what we mean by &#8220;job redesign.&#8221; It may also lead to individuals undergoing retraining in newly necessary abilities.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Hiring_of_Those_with_Specialised_Knowledge\"><\/span>The Hiring of Those with Specialised Knowledge<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The findings of a skills gap analysis will probably alter the standards by which candidates are hired as well. Although you can retrain or upgrade your current staff, you will eventually need to hire new employees (because of&nbsp;employees quitting or&nbsp;retiring, etc.).<\/p>\n\n\n\n<p>It will spare you time to hire an individual with the necessary expertise directly rather than having to train them. Additionally, it will hasten their tactical and productive transition. You can delve into the <a href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/hybrid-workplace-leaders\/\" data-type=\"post\" data-id=\"2937\">flexible, blended workforce <\/a>and engage freelancers or contractors&nbsp;to assist you (temporarily) cover a skill shortage when you can&#8217;t seem to find people quickly enough.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Taking_Steps_to_Fill_Any_Potential_Skill_Shortages\"><\/span>Taking Steps to Fill Any Potential Skill Shortages<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The steps companies take to meet talent shortages are broken down by area in a recent McKinsey survey.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.aihr.com\/wp-content\/uploads\/Actions-taken-to-close-potential-skill-gaps.png\" alt=\"competency gap analysis\" title=\"\"><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.mckinsey.com\/business-functions\/organization\/our-insights\/beyond-hiring-how-companies-are-reskilling-to-address-talent-gaps\" target=\"_blank\" rel=\"noopener\">McKinsey<\/a><\/figcaption><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_Quantitative_Method_for_Skills_Gap_Analysis\"><\/span>A Quantitative Method for Skills Gap Analysis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Antonucci and Ovidio suggest a different way to assess skills gaps. Their quantitative method calculates the gaps in each ability for each subject under consideration. The algorithm they developed only considers the circumstances under which a so-called unfavorable gap was discovered. This discovery indicates that the individual lacks the necessary competencies.<\/p>\n\n\n\n<p>Companies can set up self-training exercises, or they will be required to employ a training program depending on how big or small the skills gap is. Another differentiation that must be made in this context is between the skill gap of frequently used abilities and a deficit of infrequently used capabilities.<\/p>\n\n\n\n<p>The modeling of the required skills for each job profile serves as the beginning point, similar to the approach we previously explained. A bottom-up (from subordinates to superiors) or a top-down (from superiors to subordinates) procedure can be used to establish the baseline for each needed competency.<\/p>\n\n\n\n<p>These are the benefits of benchmarking this way:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/img.freepik.com\/free-photo\/improvement-potential-excellence-diagram-graphic-concept_53876-133987.jpg?t=st=1662988537~exp=1662989137~hmac=16427aa9800a86cb6995d50f87a4d0cf16615790936ec17a438b8addb956456b\" alt=\"Competency gaps\" title=\"\"><\/figure><\/div>\n\n\n<ul class=\"wp-block-list\">\n<li>The process remains the same whether a top-down or bottom-up method is adopted.<\/li>\n\n\n\n<li>You receive quantitative assessments of the problem, considering the significance and usage frequency.<\/li>\n\n\n\n<li>It makes course design a dynamic, semi-automatic procedure possible.<\/li>\n<\/ul>\n\n\n\n<p>This begs numerous questions, the first of which is how the pertinent data is gathered. In principle, you can use paper-based tests and supplementary discussions or skill software solutions for this purpose. The last one emerges as the more logical option, mainly when doing a talent gap study across multiple personnel.<\/p>\n\n\n\n<p>Many businesses offer skills software applications that simplify tracking the abilities and interest levels of your total workforce and easily detect (future) skills needs. You can gather information for a skills gap analysis using skills management software.<\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f8ee9a\"><em>Ad: PlayAblo&#8217;s Enterprise-Grade Micro-Learning platform is built for millennial learners. Micro-Learning assessments and gamification features ensure learning outcome measurement and sustained engagement.<\/em><br><em><a class=\"rank-math-link\" href=\"https:\/\/playablo.com\/playablo-free-trial.html\" target=\"_blank\" rel=\"noopener\">Find out more and request a custom demo!<\/a><\/em><\/p>\n\n\n\n<p>Another query that pops into your head is the kind of assessment you can use to gather the necessary data. Self-assessment questionnaires or 360-degree evaluations can be used to obtain information regarding, for example, the company&#8217;s skill requirements, how frequently various talents are used, and the pool of skills that are unique to each function. The latter is reviewed between bosses and coworkers.<\/p>\n\n\n\n<p>HR technology can also be helpful here. You can utilize feedback tools to collect and analyze input about and from your workers.<\/p>\n\n\n\n<p>A third query would be regarding the methodology of rating and scoring. The skills gap evaluations in the example provided by Antonucci and Ovidio are represented on a scale ranging from 1 to 5, with 1 denoting the lowest level and 5 the highest. Each interviewee is assigned a score based on the number of talents they hold and the level they deem required for each level. The same grading system is applied to show how heavily a component is utilized throughout the organization.<\/p>\n\n\n\n<p>Once you have acquired all the needed details, you can analyze the discrepancies between the degree of talents each person possesses and what is required of them, as well as how frequently those skills are employed inside the business. It will then allow you to make changes, leading to skills gap interventions for any or all of the abovementioned skills.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rounding_it_Up\"><\/span>Rounding it Up<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A more affordable competency development method is to plan how to fill in the skills gaps in knowledge and abilities, create learning programs, and develop the necessary capabilities by collaborating with other groups. PlayAblo, an eLearning service provider, is the best option for all workplace training and learning requirements.<\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f8ee9a\"><em>Ad: PlayAblo&#8217;s Enterprise-Grade Micro-Learning platform is built for millennial learners. Micro-learning and assessments and gamification features ensure learning outcome measurement and sustained engagement.<\/em><br><em><a class=\"rank-math-link\" href=\"https:\/\/playablo.com\/playablo-free-trial.html\" target=\"_blank\" rel=\"noopener\">Find out more and request a custom demo!<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Skills gap analysis has become a critical&nbsp;business tool as organizations are experiencing a fast expanding demand for reskilling&nbsp;and upskilling their workforce. But where should&nbsp;the organization even begin? This post will define skills gap analysis, discuss its potential applications, and provide step-by-step instructions for carrying out such an analysis. Let us<span class=\"more-link\"><a href=\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/skills-gap-analysis\/\">Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":3859,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[28],"tags":[5,13,16],"class_list":["entry","author-anisha-d","post-3824","post","type-post","status-publish","format-standard","has-post-thumbnail","category-skilling","tag-corporate-training","tag-employee-onboarding","tag-workplace-learning"],"_links":{"self":[{"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/posts\/3824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/comments?post=3824"}],"version-history":[{"count":10,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/posts\/3824\/revisions"}],"predecessor-version":[{"id":5887,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/posts\/3824\/revisions\/5887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/media\/3859"}],"wp:attachment":[{"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/media?parent=3824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/categories?post=3824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/tags?post=3824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}