BENEFITS OF COMPETENCY BASED MANAGEMENT
Significant time and effort goes into creating accurate and whole competency models. When done properly, organizations will benefit from the following:
- Lower turnover due to high productivity and employee value alignment
- Ability to identify training gaps allowing for targeted training
- Facilitation of employee development through tailored individual development plans
- Creation of career paths for future positions
- Quicker and easier to identification of candidates ready for promotion
- Development of workforce plans that meet Future Talent needs