Program Information
CMS Objective
Performance
The importance of competency management is increasing each year.
Challenges
Organizations are facing ever greater challenges to retain highly skilled employees in a competitive market while improving performance and developing leadership talent from within.
Solve Problem
Competency management can help with those issues, among others.
Definition
What is Competency Management System
The practice of identifying the key skills necessary for an employee to reach target performance in their specific role, and then developing and optimizing those skills to best align with the business strategy of an organization. When looking at the meaning of competency management, it is first helpful to look at competencies themselves.Benefit
CMS Benefit
PERFORMANCE
Competency management can identify which skills a person needs to perform well in order to succeed in their specific role.
SKILLS ABILITY
This ability to identify which skills are necessary for a job means that HR can better identify the candidates that will succeed in the role.
ONBOARDING TRAINING
Employee onboarding and training are made easier, as there is a structure in place. Employees who receive clear, defined instructions about their job parameters will do better in their roles.
MORE PRODUCTIVITY
Productivity is improved by the ability to evaluate skills, identify which ones an employee is lacking, and provide the necessary training.
LESS ERROR IN AN ORGANIZATION
Errors and other issues will be decreased as a result of this improved training.
PRETENSION IMPROVED
Employee retention is improved, and employees who feel that their leadership team is investing in them are more likely to stay in their job, keeping their valuable skills and knowledge within the organization.
BETTER UNDERSTANDING
A better understanding of what skills are necessary for the organization to grow and succeed in the future, as well as the ability to select or train for these skills in new and current employees.
LEADERSHIP OPPORTUNITIES
Leaders can be created from within. Leadership opportunities are important to employees, and building a skilled, loyal leadership team through effective competency management will engage employees and turn them into long-term assets.