As the nature of work has shifted from routinized tasks to knowledge-based, competency-based talent management has gained popularity. There is a direct correlation between competency proficiency and job success, making competency identification and measurement a solid, reliable way to improve the way you manage talent.
Learn more about the new Korn Ferry Leadership Architect™.
Business objectives depend on talent.
Competencies make it easier to observe and measure the quality of work output. A benchmarking study by the American Productivity and Quality Council found that every one of their best practice organizations had developed a competency model designed to guide their selection and development efforts. Because competencies can be aligned to organizational strategy and provide a general framework of capabilities, it is difficult to find any organization today that doesn’t use competencies in one form or another for their talent development.
According to a study conducted by the Aberdeen Group, the top drivers for using competencies include:
- Alignment with organizational objectives
- Enhanced productivity,
- Increased workforce agility
- Identifying and developing High Potentials
- Retention of top talent
Competencies just evolved.
The new Korn Ferry Leadership Architect™ framework offers the most powerful, yet simple-to-apply 21st century competency modeling available today. This global competency framework is built on best practices, learnings, and lessons from the industry’s most prominent providers.