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The business environment is rapidly changing and in order to create a competitive advantage in the market, organizations are facing the problems of attracting highly skilled employees, hiring and training the right people for specialized jobs, and effectively managing the talent pool and succession pool. In the 21st century, when advanced technolog...
Citations
... It serves to assess the current skills and knowledge possessed by employees and to pinpoint any gaps that require addressing [16]. Research reports [17,18] indicate that the majority of companies acknowledge the significance of forecasting human resources, implementing systematic employee promotion, utilizing skill matrices, maximizing the productivity of existing manpower, and optimizing human resource utilization. Typically, a skill matrix outlines a matrix structure with employees' names along one axis and the required skills or competencies along the other [19]. ...
