What is your organization’s approach to managing talent? Are competencies a foundational component of your organization’s Talent Management Framework?

Competencies provide a common language and understanding of how work is completed across the organization. Without a competency framework, organizations run the risk of inconsistent or biased practices that affect all other areas of talent management.

An effective competency framework creates a common and consistent frame of reference for the entire organization

Benefits of a Competency Framework:

1️⃣Common Language 
Provides a standardized glossary or lexicon that HR, management, and employees share when discussing the knowledge, skills, and attributes required to do a job.

2️⃣Culture 
A common understanding of those competencies that most contribute to success improves the likelihood that those behaviors will occur. Competencies also tie decision making to bigger-picture organizational values.

3️⃣Compliance 
Standardized competencies make employment, promotion, and pay decisions more transparent in order to comply with legal and regulatory requirements.

4️⃣Talent Acquisition 
Outlining the necessary competencies for the future workforce is crucial in order to attract, interview, and select the best candidates for roles in the organization.

5️⃣Performance Management 
Performance metrics, assessment, feedback, and communication regarding performance is predictable, standardized, and tied to appropriate incentives.

6️⃣Learning & Development 
Knowing which competencies are central to specific job groups and roles allows better prioritization and allocation of resources to training and developing those competencies.

7️⃣Succession Planning 
Understanding which competencies are crucial to key roles in the organization prioritizes succession planning for those roles and helps to better assess candidates for succession

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David McLean on LinkedIn: #humanresources #hr #chro #leadership #leadershipdevelopment | 23 comments

What is your organization’s approach to managing talent? Are competencies a foundational component of your organization’s Talent Management… | 23 comments on LinkedIn