A skill gap analysis is the process of identifying the difference between the skills an organization’s employees currently possess and the skills needed to achieve future goals. This analysis helps organizations understand where gaps exist and develop strategies to address them, such as training programs, hiring new talent, or reallocating resources.
Conducting a skill gap analysis involves assessing current skills through methods such as employee surveys, performance reviews, and competency assessments, and comparing these with the desired skills outlined in the organization’s strategic plan. The insights gained from this analysis can inform decisions on workforce planning, training and development initiatives, and talent acquisition strategies. By addressing skill gaps proactively, organizations can ensure they have the right talent in place to drive growth, innovation, and competitive advantage.
You may also be interested in learning about these terms:
Skill Gap Analysis
Skill-Based Pay
