6 areas where workforce data can improve your organization

One of the best ways to get ahead of the competition is a more competent and productive workforce – but knowing how to promote skills throughout your organization is a formidable challenge.

Gaining insights into your workforce is one of the best ways to increase productivity, develop your employees and evaluate your capabilities. While this may seem like a daunting at first, the Learning Pool platform can put you on the right track by showing you the areas where data can most effectively improve your organization.

This blog will uncover 6 areas where workforce data can boost your company’s performance.

Why gain insights?

The more data you possess, the easier it is to make informed business decisions. The same reasoning applies to training and development. If you understand what your employees are capable of, what skills they need for the future, and where the gaps within your organization lie, you will be able to ensure business continuity.

Essentially, information insights can be used to make your company future-proof, helping you make the right decisions for your company’s direction and management. Here are a few areas where you can use data for your benefit.

Area 1 – Inventory of skills

What this is: Understanding the skills each of your employees possesses.

How it’s useful: With insights into what your employees are capable of, you gain a clear view of the specialties, services, and challenges your company is adept at. You will be able to see exactly what you need to improve on and identify development opportunities within your workforce.

Furthermore, having an inventory of skills and corresponding proficiency levels enables you to focus your education and development efforts, filling skills gaps within your organization.

Transformation: You will go from a business that can only react to market needs to one that proactively prepares for future market shifts.

Area 2 – Team readiness

What this is: Understanding how quickly and effectively your workforce can use their skills.

How it’s useful: Knowing how fast you can deploy your team and what you can expect from them will help you predict timelines and set realistic deadlines. This will let you deploy your team with confidence and efficiency. You will also be able to build well-rounded teams and identify which teams are suitable for which tasks.

Transformation: You will go from a business that sets unrealistic deadlines and causes unnecessary delays to one that efficiently uses its team to delight customers and consistently hits deadlines.

Area 3 – Team aptitude

What this is: Reliably knowing what skills a project demands and what your team is capable of.

How it’s useful: Managing your team effectively comes down to knowing which team members to assign to which project. Understanding team and employee aptitude can set your team up for success without wasting resources or time.

Transformation: You will go from a business that wastes resources by assigning the wrong members to the wrong projects to one that gets more done by ensuring each task has the right employees to get the job done.

Area 4 – Skills identification and recruitment

What this is: Actively identifying and finding talent required to improve your organization.

How it’s useful: Identifying what skills your organization needs will help you actively source new skills from both within your organization and new employees. Arming your company with the knowledge of exactly what your needs are now and in the future, helps you remain relevant to your customers and ensures your business continuity.

Transformation: You will go from a business that is constantly afraid of becoming irrelevant while using guesswork for recruitment to a company that knows what customers will want and what skills they’ll need to satisfy them.

Area 5 – Promotion opportunities

What this is: Identifying the right employees to promote and which can take on more responsibility.

How it’s useful: By keeping track of what skills and aptitudes your employees have, you can single each out for promotion when they’re ready to take on new responsibilities. This will help you train employees faster and use specific team members to help you manage larger and larger projects.

Transformation: You will go from a business that doesn’t have a promotion plan or promotes arbitrarily to a company that uses promotion to achieve more within an organization, spreading responsibility and workload effectively.

Area 6 – Analytics

What this is: Understanding what combination of skills enables your employees to improve their performance.

How it’s useful: By identifying common traits in your best-performing employees, you can single out skills that indicate high performance. This will help you identify patterns and enable you to promote skills for certain roles you wish to fulfill.

Transformation: You will go from a business that simply deals with the employees they have, trying to make the most of their skills, to actively shaping employees into ideal candidates for needed roles within your organization.

Empower your organization with Learning Pool

Finding and using the correct data for your organization is a robust process that can transform your company and set it on the path to success. However, many companies feel dejected and apathetic to their insights and skills development, unable to do anything about it, and forced to accept whatever skills they end up with. Attempting such a task can be daunting for these companies because they don’t have the right tools or experience to make it work.

Learning Pool can help companies of any size identify the skills they need to find success now and into the future. With state-of-the-art technology providing next-level insights, you can develop your team for the skills you need today and what your customers expect tomorrow.