Laci Loew, Vice President & Principal Analyst, Talent Management Research of Brandon Hall Group said that many companies or organizations can be characterized as distributed, global and matrix, with functions operating autonomously in the governance absence. These cause an effective identification and a proper implementation of competencies difficult. Therefore independent companies and organizations need a Management System. However, what is Competency Management and why does a company need it?
Competency Management System Definition
Competency management represents a method of categorizing and tracking the qualification hence they can be more competent. The competency can be anything such as the fluency of Spanish or the sophisticated skill of using Photoshop, for instance. Companies can implement the software to identify their competencies.
By operating this software you can assign, assess, or track both of your resources skills and experiences that are needed for their activities in the office. Therefore, companies can detect the key role that can trigger their performance to accomplish the business goals.
Why does company need competency management?
There are many potential benefits you once your company implement a competency management system. No wonder that there are more and more companies consider to properly utilize particular software to identify their resources skills much easier. Here are three key reasons why you need to start to efficiently implement the competency management system according to Tom White from Workforce Solution.
Employees will know exactly what are they good at and vice versa. If the company implement the system correctly, it will trigger the employees to progressively improve their skills hence they will fulfill the companies requirements. Furthermore, the employees will gain insight into what they need to do to help both of them and company grow impressively.
If any skill gaps are seen, it means needs to provide the employees with appropriate training. By efficiently utilizing this system, both employees and company will find out what course that they need. The qualified and well-trained employees are great for the company. Therefore considering the best training that they need is a must.
Competency management allows you to do the workforce planning in your company become better and more efficient. By tracking and managing everything in one system you can look up, carefully analyze a project and assign your best employees based on their competencies. Competency management software also allows you to complete the process quickly.