What is Competency Management?

Competency management is a systematic approach that helps organizations identify, assess, develop, and optimize the skills, knowledge, and behaviors required for employees to perform effectively in their roles. It involves defining a set of core competencies that align with the organization's strategic goals and then assessing the skills and capabilities of employees against these competencies. This process helps identify gaps in skills and enables organizations to develop targeted training and development programs to bridge those gaps. Competency management also plays a crucial role in performance management, succession planning, and talent acquisition strategies, as it ensures that employees have the necessary skills and capabilities to meet organizational objectives. By fostering a culture of continuous learning and development, competency management contributes to improving overall employee performance, engagement, and ultimately, organizational success.

This mind map was published on 10 February 2024 and has been viewed 58 times.