Learning and development (L&D) has long been underestimated in the business world. However, this mindset is shifting, with 64% of L&D professionals agreeing that it’s no longer just “nice to have” but “need to have”.
Understanding employees’ skills and interests can help you to develop custom training programs. Creating a skills matrix is an effective and efficient way to do this while enabling you to keep track of employee progress, strengths and weaknesses.
What is a skills matrix?
A skills matrix refers to a framework, usually developed by an organization’s HR and hiring teams, that’s used to assess an employee’s skills and capabilities for specific roles or projects.
Creating a skills matrix is an effective way to identify the expertise, knowledge and general competence that’s needed for certain positions within your organization.
In practice, a skills matrix can be presented by something as simple as a two-dimensional table in Excel, or through a more visual design using Harvey balls to depict skills levels. There are also various software platforms that you can use to track and assess your employees’ skills, such as Think Eleven or TalentGuard.
Using a skills matrix is extremely valuable for companies of all sizes. It helps HR managers and L&D teams to create training programs that are customized to the specific needs of employees. This can reduce overhead costs, facilitate progression and enhance employee satisfaction in the workplace.
Benefits of a skills matrix
According to a LinkedIn Workplace Learning Report, 94% of employees agreed they’d be more likely to stay at their jobs longer if employers invested more in their learning and development.
There’s no doubting the value of a skills matrix for helping employers and employees identify knowledge gaps and opportunities for upskilling and career progression.
The top benefits of implementing a skills matrix framework into your organization include:
- Enabling you to effectively assess the strengths and weaknesses of your employees
- Allowing you to address skills gaps for particular roles so you can fill them faster and attain a competitive advantage
- Helping you to create tailored learning plans for employees
- Allowing you to better track skills and capabilities of people across your organization
- Providing employees with an overview of their role and responsibilities