Retaining Talented Employees via an Integrated Competency Framework

Dual Career Prinicple 4: Throw Away the Scorecard

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Addressing Skill Shortages

We have all heard the old adage, “You’re only as strong as your weakest link.” This is particularly true in business. If we want a strong, efficient, and productive company, we must ensure we have strong, efficient, and productive people, but how do we do that? An integrated competency framework can help.

Competency models enable companies to define which skills and behaviors are needed for success in a specific position and within a particular company. They also help measure abstract concepts like “effectiveness” and “performance.” Better still, they can provide the standardized data necessary to easily pinpoint our weakest links, by determining the skills and areas of knowledge in which the majority of our company’s workforce is strong or lacking.

Skill shortages can be a major problem for any organization. The bigger issue, however, is usually not in addressing the shortages, but identifying them in the first place, because assessing the company as a whole is difficult. Many teams, departments, and/or groups never work together directly. Integrated competency frameworks make these assessments easier by showing us the holes – even when they exist across parallel groups. This enables companies to make vast improvements in production, service, and even culture by fine-tuning existing talent and hiring new talent who will make the organization stronger. Once we know where our weaknesses lie, we can do something to correct them.

We can divert precious learning resources away from our areas of strength and focus instead on problem areas, thereby saving time and money. We can seek out candidates who show exceptional strength in these areas thereby improving the quality of our talent pool. We also can offer additional on-the-job training for entry-level positions that helps promote the skills and behaviors we lack and turns those jobs into stepping-stones for more advanced positions, which will then be filled with highly qualified personnel. With an integrated competency framework, making such changes is easy, and reaping the benefits of a stronger company comes that much faster.

 

For more information on how an integrated competency framework can benefit your organization, please register for this upcoming webinar:
How to Increase Employee Engagement through Competency-Based Talent Management

 

For further information please view:

Competency Framework blog collection

Competency Management page

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