Surveys show that companies are having a hard time finding employees with the right skills. Organizations invest 3 – 5 % of the budget on training, learning and development. But the main concern is, whether these efforts are being invested in the right direction. There is a dire need for skills training in various areas. The training requirements should be as per the skill levels of the workers to develop abilities in vital specialties.
Progressive organizations invest in people development. Employees need new skills to keep up as technology evolves and new ways of doing work. What will happen if compensation turns out to be only a temporary fix for retaining talent? How important is personal satisfaction with work when the excitement over creative perks and compensation wanes? Executives are concerned that their workforce does not have the skills needed in the next 2 years, or the existing set of skills would soon become obsolete.
Training and development initiatives would not just improve employee skills—they would also make the company a more attractive place to work. Based on our experience Team Faber has identified these challenges in India as well as Africa. The answer to this crucial concern is PriZma, which our expert team has devised, a unique approach to analyze the workforce skills. PriZma can help in addressing the key issues related to appropriate skill development.
PriZma will allow organizations to identify weak spots of an employee and suggest improvements to meet the present and future requirements of the organization in addition to improving work performance. Performing a skills gap analysis can benefit employees and the organization individuals since it will enable both to professional development needs. It also brings and employee into limelight, enables him/her to stay ahead of others and boost career prospects.
It further recognizes deficiencies that can hamper the growth of a company. A successful skills gap analysis will provide a clear path for professional improvement, and increase chances of promotion for the concerned employee. This overall helps the organization, increases productivity, increases employee retention and boosts bottom-lines.
So come book a free PriZma demo with our experts.
Written By: Faber Devna Chaturvedi