Friday, March 21, 2014

Talent management - part 2 (competency model)

Competency model ? How many of us who have worked in our own company understand that the

company that we worked in has a competency model ?  I bet there is rarely a handful of us.

Competency model is a model for the foundation for staff planning, career management and staff development management. After the development of the competency model, the competencies can be integrated into the recruitment process. Recruitment must be aligned to the businesses strategy and not based on any other requirement. Identifying the key competency of the present/future employees enables the company to determine if the current or new hire is right- fit.  Setting a performance target for every single employee not only improves the performance of employees, it also improves the organisation as a whole. With goals set, appraisal must be done periodically to let every employee not only gauge of their individual performance but also areas requiring further improvement  Through appraisal, areas where they are lacking can be improved with training  and development plans. The performance of an organisation is based on the quality of its values, employees’ competences and their ability to lead and excel. As organisation leaders, HR executives have to implement the appropriate competency framework/model and align the employees’ competencies to meet the business objectives.