What do skill inventories track?

Skill inventories are designed to track employees' competencies and work experiences, compiling this information in a way that makes it easily searchable. This allows organizations to understand the skill sets their employees possess, aligning these competencies with current and future organizational needs. By having a well-maintained skill inventory, HR professionals can quickly identify gaps in skills for specific roles, facilitate training and development programs, and make informed decisions regarding promotions, transfers, or recruitment.

The other options, while relevant to various aspects of HR management, do not accurately describe the primary purpose of skill inventories. Attendance records focus solely on employee punctuality and presence, job satisfaction relates to overall employee morale and engagement but does not track competencies, and market trends pertain to external factors impacting hiring rather than the internal skill set of the workforce. Thus, tracking competencies and work experiences is the essence of what skill inventories do, making it the correct answer.