Foto AG5 founders: Matthieu van Echtelt (CPO), Wouter Gazendam (Head R&D), Rick van Echtelt (CEO).
AG5’s Skills Management software solves a significant pain point for many HR, operations, and shift managers across industries.
AG5 is not bothered by much competition: ‘At the moment, the world market is served by only three or four parties.’ As the CEO Rick van Echtelt mentioned to Quotenet.
“It’s not a sexy product, but the demand for it is huge. We immediately received demo requests from all over the world, from Japan to the US. Large companies are interested.’ says van Echtelt.
As HR managers know, employee skills are essential for maintaining a competitive edge. Yet, with the rapid pace of change in today’s business environment, it is challenging to track which skills are required and who possesses them. Skills Management Software helps organizations assess their employees’ skills and identify the skills gaps.
The Great Resignation and the Skills Gaps
The COVID-19 pandemic has changed the world of work as we know it. Some businesses had to close their doors, economies have tanked, and traditional working models have been disrupted. Moreover, since The Great Resignation, employees are not hesitant to leave when feeling dissatisfied in current roles, which means having a strong skills data and skills management strategy is more critical than ever.
Skills Data can offer a solution
Skills data helps hr and operations managers make actionable workforce planning decisions. But it’s more than that; it can lead to improvements to a healthier work environment where workers feel good and get the space to learn and thrive. Monitoring skills data can help businesses track which skills their employees possess and where there might be training and development needs. Additionally, reviewers can assess employee performance and identify areas for improvement. Staffing and resource decisions can be better informed when managers and workforce planners know which skills their teams have at their disposal. Altogether, this creates a climate of continuous development which is good for business and employees. Win-win!
Measuring Skills Data with Skills Management Software
Skills management software helps match employees to roles that fit their skill sets. It makes tracking compliance requirements easy and provides a complete skills portfolio of the workforce. In addition, various instruments for analyzing and reporting on skills development initiatives enable measuring the success of development and training programs.
The Skills Matrix
One way to better grasp skills management is to create a skills matrix. A skills matrix can ensure that everyone is clear on what is required and that no critical skills are overlooked. Skills Management Software enables management to get visually appealing data that everyone can understand. In addition, the software eliminates the need for unmanageable Excel sheets, saving organizations on resources.
KPIS
Another way to monitor employee skills is to use key performance indicators (KPIs). These metrics track progress and identify areas where further development is needed. Skills management software shows where employees need to up their game by monitoring KPIs.
360 Reviews
Conducting a 360° review is another valuable way to monitor employee skills. It involves getting and receiving feedback from colleagues, customers, and others interacting with the reviewed person. As a result, a well-rounded view of a worker’s strengths and weaknesses helps identify areas where training or development might be needed.
Self Assessment
Employees can use these independently to assess their skills and development needs. In addition, performance management systems now include self-assessment tools, so it’s easy to integrate them into existing processes and programs.
AG5 raises €1.2 million investment from Tech investor Peak
AG5’s software is ideal for organizations looking to improve their skills management processes. The software was designed to streamline the assessment, planning, training, and certification process. In addition, it provides a centralized repository for storing and managing skills data and offers a variety of features for analyzing and reporting on skills development initiatives. The Amsterdam-based startup started working with the local fire brigade and provided them with the desperately needed skills management software. AG5 soon found that besides the fire brigade, many manufacturing companies still use Excel spreadsheets to manage their skills matrices. The startup developed its skills management tool to fit the market’s needs. The startup has raised €1.2 million from tech investor Peak in their latest investment round. The funds will help further develop the skills management software and market its platform globally. AG5’s software is used by leading organizations worldwide and has been recognized by industry experts as a top-notch solution for managing employees’ skills data. The client base of AG5 spreads across industries; Jacobs Douwe Egberts, KLM Cargo, and Toyota Boshoku use AG5 Skills Management software to map employees’ skills, schedule them correctly, train them in time, and ensure international regulatory compliance.
Media Contact
Company Name: AG5 Skills management software
Contact Person: Kimberley Vrij
Email: Send Email
Country: Netherlands
Website: https://www.ag5.com/
