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Skills Taxonomy is a collection of skills arranged in a hierarchical framework that addresses a certain occupation. It may be compared to a vocabulary that is organised.
To make information, data, and objects easier to access, examine, and use, taxonomies are used to organise and label them. Taxonomies are employed to arrange and label information, data, and objects, aiming to enhance their accessibility, examination, and usability.
It offers an atomic-level view of workforce skills to assist your company in achieving operational efficiency.
Skills Taxonomy refers to a straightforward and easy-to-visualize comprehensive infrastructure of skills that can help your business optimize decisions and make the best of the available human capital.
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iMocha’s skill consulting based on taxonomy is foundational in managing all present and future skills required by an organization through a common competency framework. iMocha builds on Skills Taxonomy extracted from curated data providers and leverages generative AI to create ontology, job roles, job profiles with respective proficiency levels for various industries including ITES, BFSI and Telecom.
With generative AI, we have converted hundreds of job profiles into primary, secondary and power skills. We help everyone speak the same language of skills!
Skills Taxonomy acts as the first level building the structure of skills intelligence within organizations, providing them with a competitive advantage. It would facilitate companies with a better understanding of the skills required based on the changes in the labor market trends and their business strategies. By using skills taxonomies, you can identify skills gaps, work on improving your hiring decisions, and design upskilling/reskilling programs.
Most importantly, you can clearly understand the skills you need to attain your business goals and become a skills-first organization.