To achieve its goals, a business needs a workforce with the right skills.
To make sure you have the right skills within your workforce, you need to predict what skills you think you’ll need to meet your company goals. Next, you need to establish what skills you already have in your current workforce. Finally, you need to spot the gaps between your current workforce and your future workforce.
This process will show you what skills you need in your workforce, to reach your company goals.
This process is called an HR gap analysis.
An HR gap analysis is a comparison of your current workforce against the workforce you think you’ll need to reach your business goals.
Let’s break it into three digestible parts:
Part 1 is predicting what future resources might be needed to meet organizational goals.
Part 2 is analyzing the skills, knowledge, and capability of your existing workforce.
Part 3 is comparing Part 1 with Part 2 and highlighting the gaps between what you have and what you think you’ll need in the future.
An HR gap analysis links your human resource strategy with the business strategy to maximize resources and minimize the risk of failure.
It will allow you to plan ahead and take careful action at the right time, instead of hiring and firing reactively to meet your organizational goals.
Take a look at the Process Street Gap Analysis template. We’ve designed it to help inform your major decisions around hiring, lay-offs, training, transitions, and outsourcing to make sure you have the right workforce around you, to get you to your goals.
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