Why Skills Management?

E-learning, IDP, LMS, Manufacturing, Training, Workplace development  By: Viren Kapadia

Successful implementation of a skills management within your Learning Management System (LMS) helps organizations to:
A) Execute business strategy by developing skills that support business objectives,
B) Stay competitive by developing and retaining a well-skilled workforce,
C) Reduce costs by identifying real training needs and reducing contractor spend and recruitment costs,
D) Maximize workforce ROI by developing and utilizing employee skills effectively,
E) Mitigate operational risks by identifying skill gaps and shortages and reducing the risk of non-compliance,
F) Develop intellectual capital by developing the capability of the organization, and
G) Retain employees by identifying and facilitating employee development and improving utilization

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