Competency Management: Cracking the Code for Organ
Competency management is central to talent management initiatives, which have become critical in light of the impending skills shortage.
Competencies provide standards and a roadmap for effective performance. Successful competency management ensures that employees can execute the company business plan, and guides the way organizational challenges of skill readiness, skill shortages, and leadership are addressed. The organizations that understand and succeed in competency management will be leaders in the competition for scarce talent and be viewed as employers of choice.
In short, competencies done right are a strategy for competitive advantage. In practice, many organizations get stuck using competencies because they lack basic guidelines.
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