6 ways Skills Intelligence can support your business’ growth

In today's business landscape, staying ahead of the curve requires more than just hiring skilled people and workforce development — it demands a deep understanding of the skills that drive success. That's where Skills Intelligence comes in — a data-driven way to empower businesses to make informed decisions. So how can Skills Intelligence help your business?

1. Better understand your workforce

Skills Intelligence isn’t just about collecting data — it’s about understanding the skills and capabilities that businesses need to succeed. By analyzing internal and external data sources, your business can uncover skill gaps within the workforce. Knowing what skills already exist within your workforce enables you to identify what skills you need to “build”, “buy”, or “borrow”.

2. Identify skills gaps

Skills Intelligence helps your business identify the specific skills and competencies they need, and the ways to get it. Businesses can “build” these skills by offering training programs and courses to upskill and retrain their employees, “buy” these skills by hiring new employees, or “borrow” the skills through organizational reallocation of individuals or even contracting for temporary projects.

3. Focus on the upskilling programs that are truly necessary to your business

If the direction is to build these skills, all that data gathered from Skills Intelligence enables businesses to develop targeted training programs and identify the areas to be upskilled. Working closely with a Skills Intelligence partner (like Talent!) allows for personalized programs, assessments, and courses that focus on the competencies that truly matter to your business.

4. Achieve a better return on investment for training programs

When you focus on the things that are important to the growth of your organization, the result is more time and money saved, less money spent on unnecessary training, and your employees don’t waste time on training programs that cover skills they already have — we see it as an absolute win.

5. Keep your employees motivated and engaged

When employees are able to see their employers investing in meaningful upskilling opportunities for them, this can enhance their sense of value in the organization, improving employee satisfaction and retention rate as well. By understanding the skills landscape, businesses can foster a culture of innovation, empowering employees to develop new capabilities and drive forward-thinking initiatives.

6. Enable agile decision-making

Skills Intelligence equips your business with the data and insights needed to make agile decisions. From workforce planning to employee development and restructuring, you can leverage Skills Intelligence to quickly adapt strategies based on evolving skill requirements and market demands. This enables your business to respond swiftly to changing circumstances and make data-driven decisions that drive success.

With the abundance of data we’re able to access and harness insights from, Skills Intelligence can optimize your business’ workforce to be in a better position for long-term success. Want to explore further? Reach out to our team to learn more about how we can personalize your Skills Intelligence journey.