Why are companies increasingly going for competency assessment techniques?
It is the skills and competencies developed by the organization that determines how it does its business and whether it will succeed. This is especially true in the IT industry where technical skills form the core of the business. A skills inventory is essentially a checklist or database of organizational capabilities that can help corporates determine whether it can deliver a particular product on time or service the client efficiently. In other words, an inventory of skills helps in identifying gaps in competencies, and initiates remedial action. Why are the benefits of skill tracking system? CXOs and HR managers within the company are increasingly responsible for analyzing skills gap and providing the necessary training to bridge the same. A skill tracking system not only helps improve operational efficiency and productivity to competitive advantage in the marketplace, it also creates a learning environment which is a great internal branding strategy that helps get the right talent
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