Akash-Savdharia

Akash Savdharia

Knowing what skills your people have and what they need is an essential part of any upskilling and reskilling strategy. According to Bridge-sponsored research, it's never been more important, as 77 percent of HR professionals and business leaders consider talent development a top priority over the next two years. However, despite talent development’s importance, survey ﬁndings also reveal that less than half of HR teams currently match learning to future talent requirements or assess employee needs and gaps in knowledge.Let’s take a look at how developing a skills matrix can keep your talent management strategy in step with learner needs and business demands, as well as how to use AI-powered upskilling software to personalize your L&D programs.What Is a Skills Matrix?Think of a skills matrix as an inventory of your employees’ current abilities. By evaluating these skills and competencies and presenting them in a table, you can easily monitor skills gaps, ﬁnd your strongest performers, and ensure your people are equipped to undertake a project or succeed in their roles.A skills matrix is useful for quickly identifying and comparing people’s competencies and experience, allocating resources, and targeting L&D programs.The Beneﬁts of Using a Skills MatrixSome of the beneﬁts of a skills matrix include:1. Finding and Filling Employee Skills GapsKnowing what skills are required to drive organizational success means you can organize your talent and prioritize training programs based on demand.Mapping your workforce’s skills, capabilities, and experience levels makes it easy to spot any skills gaps across teams or departments, and then direct them toward learning and development opportunities they need.2. Assessing Employee PerformanceConnecting the work your people do to organizational objectives with a set of measurable goals reveals your strongest performers and the capabilities that drive organizational success.A robust skills framework can help your people understand what’s expected of them, showing them the areas in which they make the most impact and providing actionable steps for improvement.3. Incentivizing Learning and DevelopmentBeyond delivering mandatory training, a skills matrix can help identify employees’ strengths and career goals and connect them to meaningful learning opportunities. When your employees develop and grow, everyone beneﬁts. LinkedIn’s Workplace Learning Report ﬁndings show that people are four times more likely to engage in training when it’s connected to their career goals. And 87 percent of L&D pros say they show business value by helping employees gain skills to move into different internal roles.4. Workforce Planning and Risk MitigationAssigning tasks is easy when it’s clear who possesses the needed skills and competencies and who’s most experienced to undertake projects. With a view of skillsets across the organization, you can mobilize talent most effectively and tap into otherwise hidden potential. Additionally, you can guard against future disruption and anticipate changing needs by identifying high-potential talent who can step into business-critical roles and prioritize training programs for in-demand skills.How to Build an Employee Skills MatrixAssessing employees at scale requires a system for collecting, categorizing, and organizing these skills. Follow the steps below to build a skills matrix for your organization.Step One: Identify the Required SkillsWhether your matrix is focused across a team, department, or the entire organization, you must be clear about the essential skills each person needs to perform in their role.Start by compiling these skills and competencies with leaders and key stakeholders across departments, including both soft and hard, or role-speciﬁc. You could also review your company’s competency framework to identify core values and behaviors that your people should possess—but remember to keep the list speciﬁc and only include what’s relevant.It’s likely that some of these skills and competencies will be the same for everybody in the organization, while others will be more technical and role-speciﬁc.Step Two: Create a Scoring System to Evaluate SkillsOnce you’ve gathered a list of skills and competencies, you’ll need a way to rank and categorize proﬁciency and map it onto your matrix.A popular way to score and manage skills mastery is using a Likert scale. For example:ScoreRatingDescription1LimitedThe employee has limited knowledge or understanding of the skill or hasn’t yet had the chance to apply it.2BasicThe employee demonstrates the essential components of the competency or skill with the ability to develop a greater competency in a reasonable timeframe.3WorkingThe employee demonstrates experience using the skill at a necessary level to advance organizational objectives.4SeasonedThe employee effectively applies the skill in practice in most circumstances.5ExpertThe employee specializes in this area, showing consistent, superior application of the skill, even in unanticipated circumstances.For an accurate picture of employee proﬁciency, consider collecting and combining several sources of data, such as: Skills assessments Manager and peer reviews Employee self-evaluationsStep Three: Consider Employees’ Career GoalsAlthough including employees’ career goals and the skills they want to develop is optional, doing so can inform development plans and direct people to meaningful L&D opportunities.To uncover this insight, partner with your people managers. By making career and skills development a staple of regular manager-employee discussions, you’ll understand what motivates people and what skills they want to learn. You can use this insight to ﬁnd opportunities that develop these skills aligned with organizational goals.Step Four: Compile Skills Data in a TableAn Excel spreadsheet is a popular format for mapping skills data, and this sheet will give you a visualization of each employee’s proﬁciency level.You’ll plot this information using two axes, with employee names on one and a list of skills on the other. Then, you’ll populate the sheet using the data you’ve collected.Once you’ve built your matrix, you’ll have an overview of each person’s abilities, strengths, and weaknesses. You can sort these skills into categories based on tasks and projects, ﬁlter to ﬁnd gaps, and use them to inform employee development plans.Step Five: Keep Skills Matrices Up to DateUp-to-date skills data is a must for tracking growth over time and prioritizing skills needs. To get the most out of a skills matrix, you’ll need to review and update your data regularly to reﬂect your people’s current skills, proﬁciencies, and certiﬁcations.How Dedicated Employee Upskilling Software Can Streamline Skills AssessmentsHere are some ways an all-in-one learning, development, and upskilling platform like Bridge streamlines creating and managing your skills matrix and keeps your data accurate and up to date.1. Creating a Single Source of Truth for Employee SkillsA dynamic skills taxonomy is the foundation of any skills strategy. However, gathering data to present an in-the-moment picture of your people’s skills takes time, and skills inventories quickly become outdated as employees continue to learn and grow.An LMS allows you to swiftly identify, group, and measure the skills within your organization, giving you a transparent and agile framework from which to build.Using a learning, development, and upskilling platform with AI to combine your existing employee data with external labor market data gives you an accurate, ever-evolving, and easy-to-visualize view of competitive in-demand skills and where they exist in your organization.2. Assessing Employee Skills and CompetenciesOnce you know what skills your people have and what’s required, you’ll need a way to ﬁll any gaps with training and development and measure learner growth.An L&D platform gives you a single destination to conduct performance conversations, record employee one-on-ones, and share skills feedback and recognition. With AI, you can take this a step further by helping people identify the skills they need to grow and recommending competencies based on their roles.3. Personalizing Employee DevelopmentMapping skills using an AI-driven taxonomy keeps learning targeted andgrowth-oriented with minimal administrative input. Once learners know what they want to develop, you make their growth actionable and measurable by connecting them to employee development plans and assigning tasks and training.However, formal training programs are only one way to strengthen your talent pool and close skills gaps. You can also harness these skills and insights and direct learners toward gigs, projects, and mentorship opportunities that put these skills into practice.

How to Create an Effective Skills Matrix With the Help of AI-Based Skills Suggestions

Discover what skills management is, understand the tools you’ll need to make it work, and enjoy a step-by-step overview of a skills management plan in action.