Many leading Organizations have understood the importance of a competency framework to become resilient to various unforeseen changes in the market. The Covid-19 situation has taught a great lesson to the corporates & businesses the importance of being resilient and overcoming business, political, environmental challenges in the shortest time possible.
Though the competency framework plays an important role in the selection, training, evaluation, and development of the people, the businesses use the competency framework to structure their organization and teams, regardless of their global locations, to align what is required for effective and successful performance to the corporate strategy.
With the support of Talent Matrix, the proficiency level identification in Competency Framework and development of the people in alignment with the corporate business objectives while help achieving the individual career goal that would result in both tangible and intangible benefits to the organization becomes possible with ease.
Talent Matrix provides the know-how, application, and consultancy services to its clients to implement their competency framework across the company and ensures its success
Avoid costly mistakes in hiring and people development. Lack of know-how, lack of knowledge, lack of leading practices may result in greater loss and can cost the business a bad reputation, employee attrition, increased cost per hire, revenue loss, and client dissatisfaction.
Talent Matrix brings out a state-of-the-art cloud-based application along with knowledge of how competency assessment is carried out in real-time in organizations that lead the competency assessment practices. Validations & Assessment of employees’ efficiency level in various competencies taken through self-assessment, supervisor assessment, and manager assessment to ensure fairness, clarity, and accuracy. Talent Matrix is a refined tool that enables organizations that aims to excel in
People are sensitive! Unless handled with care they can be detrimental to the common objective: Growth. Employees and Businesses should grow together to realize the common objectives and that requires meticulous planning and understanding of the strength, weaknesses, opportunities, and threats. It requires introspective and retrospective approaches in identifying the gap in the talent pool. Talent Matrix solutions brings out the state-of-the-art application that can effortlessly analyze the competency gap from organizational perspective and individual employee perspective to produce a road map and action plan to bridge the gap through various interventions that are configurable at the discretion of the business owners
Automate your Gap Analysis
Businesses are striving to understand their skill matrix and many times a significant percentage of businesses report unsuccessful attempt to achieve in creating a database of skills and competences of their workforce due to the dynamic nature of the skills & competences of the employees, attrition of the employees, outdated technology, and updated skills and certifications of the employees, and ever-changing business requirement in catering to the internal & external factors.
Skill Matrix provides the solution that automates a major portion of their difficult tasks thereby helping the organizations focussing on the business delivery while the skill matrix application works relentlessly from the back-end to build the real-time skill-matrix database, that keeps the data up-to-date, through various automated and administrator-triggered actions.
Organizations find it challenging to assess the required skills and competencies to achieve organizational short-term and long-term objectives. The competency framework provides high-level guidance from competency requirements. However, to operationalize the competency framework across the organization, especially when the organization has multiple work locations and off-shore development centers, it becomes increasingly a tedious task to assess the people skill.
Talent Matrix rolls out innovative intervention in the skill assessment that starts from self-assessment and progresses through a series of validations to ensure accuracy and data quality. Effortlessly the skill assessment is done and that is a basic data point to start the journey to a greater plain of a competency framework.
Data collected through the Skill Assessment process is then projected against the Competency Framework and Corporate goals to identify the skill gap amongst the current employees and that would help the businesses in determining the future human resources requirements with any specific skills or to strategically plan resource augmentation through various other initiatives.
Talent Matrix performs this complex activity in a simple way across the organization saving plenty of time and effort.
Businesses under normal circumstances can easily identify key resources. The key resources are very much part of the fabric of the organization and through them, the businesses generate value proposition and revenue. Businesses must identify their key resources at the earliest to include them in their strategic planning and development plan.
Skill Matrix enables this exercise at an ease of a button within the application thereby enabling the businesses to plan business continuity and development strategies.
Critical Resources can be found at any layer in the organizational structure from the hierarchical standpoint. In reality, the critical resources are found across the organization on the floor level and at various rungs in the organizational structure. The criticality of the resource is determined by various dynamic factors, therefore continuous monitoring and update are required to be on top of the situation.
Skill Matrix is designed to identify and monitor these critical resources to ensure development and retention. It is easier to locate them with a click of a button.
No business can afford to suffer business continuity. Succession Management is one level above what is normally done in the organizations, i.e succession planning. Succession Management is strategic and enables businesses with business continuity without being reactive to the dynamic conditions within and outside the organization.
Talent Matrix provides the solution to businesses with a five-step process: Identifying the key & critical positions, Identify Capability for the key & critical areas, Assessing the prospective employees against the capabilities, Develop the Plan for Succession and knowledge transfer, and continuous monitoring of the effectiveness of the succession management program.
A talent development plan is a comprehensive and exhaustive company-wide process that requires a cautious approach as it involves employees’ engagement and commitment that stem from the emotion of belongingness. Therefore, a scientific approach is the need of the game.
Talent Matrix is designed to analyze the company-wide competency & skill gap from the grass-root level through various validation process undertaken using the systems & moderator approach in the Talent Matrix application to ensure that the talent development plan can be built based on refined data points validated through the innovative approach.
An individual employee’s development plan is a process that starts from identifying the skill gap and competency gap in light of the competency framework, and organizational short-term and long-term objectives. The skill gap and competency gap can also emerge from internal or external factors such as change/update in technology or external competition.
Talent Matrix is designed by the industry experts & technology experts to ensure that the leading practices in the training & development function are meticulously adopted in this state-of-the-art cloud-based Talent Matrix application that can be leveraged by the businesses and corporates that put the employees' development at the forefront and considers their unique employees' strength as their business differentiator
Succession Management & Succession Plan are strategically managed by businesses and corporates for their business continuity. It is an effective tool for the top management to ensure business continuation at all levels especially for key and critical positions in the organization.
Talent Matrix understands the importance of Succession Management & Succession Planning and therefore the seamless integration from the competency gap analysis through the succession plan execution has been done in its approach thereby making it the only application in its class and takes pride in the way it helps business and corporates execute their high level plan without flaw.
