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Why Companies Need to Build a Skills Inventory

Oracle HCM - Modern HR in the Cloud

Creating an inventory can’t be a one-time exercise, or a static project. One person’s “coding” might be another person’s “software writing,” for instance. As with building the inventory, analysis isn’t a one-time exercise. Rather than being caught off guard by a sudden gap in skills or having to hire people, companies armed with such knowledge can plan ahead through hiring, training, and career development strategies.