Skills Knowledge, Abilities

The Impact of Skills Management on Business Performance

In our modern business climate, companies are made or broken by the amount and kind of information they use in guiding business decisions, and each day, new ways to gather data and new applications for available data are explored. In fact, the impact of skills management on business performance is enormous.

Since there is a general consensus that a company’s most important asset is its people, reliable data about people’s skills and how they relate to business goals should have tremendous effects on every company.

Many companies have thus implemented skills management systems, some for more than a decade now. And so, ample time has passed to assess the impact skills management has had (and can have) on business performance.

I recently published a whitepaper that analyzed this topic. The paper provides an in depth view into the experiences of companies that have implemented this system, and how it has improved businesses in 4 major ways:

1. Bridging the Skills Gap.
2. Effective Employee Development and Succession Planning.
3. Getting the Right People into the Right Positions.
4. Financial Benefits.

Download the whitepaper here:

White paper cover

By: Mesheal Fegor
Sales & Support