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Mba

Organizations are increasingly focusing on developing core competencies rather than just skills to help them excel and be resilient during crises. Competencies refer to the inner abilities of employees that allow organizations to achieve common goals and increase their value. Competencies provide a common framework that integrates human resource functions like recruitment, training, performance management and succession planning. Competencies are now widely used to define job success factors, assess employee performance and development needs, map career progressions, determine compensation, and guide hiring decisions.

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Surbhi Amit Singh
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71 views1 page

Mba

Organizations are increasingly focusing on developing core competencies rather than just skills to help them excel and be resilient during crises. Competencies refer to the inner abilities of employees that allow organizations to achieve common goals and increase their value. Competencies provide a common framework that integrates human resource functions like recruitment, training, performance management and succession planning. Competencies are now widely used to define job success factors, assess employee performance and development needs, map career progressions, determine compensation, and guide hiring decisions.

Uploaded by

Surbhi Amit Singh
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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INTRODUCTION:

Today organizations are all talking in terms of competence. Gone are the days when people used to talk in terms of skill sets, which would make their organizations competitive. There has been a shift in the focus of the organizations. Now they believe in excelling and not competing. It is better to build a core competency that will see them through crisis. And what other way than to develop the people, for human resource is the most valuable resource any organization has. Organizations of the future will have to rely more on their competent employees than any other resource. It is a major factor that determines the success of an organization. Competencies are the inner tools for motivating employees, directing systems and processes and guiding the business towards common goals that allow the organizations to increase its value. Competencies provide a common language and method that can integrate all the major HR functions and services like Recruitment, Training, performance management, Remuneration, Performance appraisal, Career and succession planning and integrated Human resource management system. Over the past 10 years, human resource and organizational development professionals have generated a lot of interest in the notion of competencies as a key element and measure of human performance. Competencies are becoming a frequently-used and written-about vehicle for organizational applications such as: Defining the factors for success in jobs (i.e., work) and work roles within the organization Assessing the current performance and future development needs of persons holding jobs and roles Mapping succession possibilities for employees within the organization Assigning compensation grades and levels to particular jobs and roles Selecting applicants for open positions, using competency-based interviewing techniques Competencies include the collection of success factors necessary for achieving important results in a specific job or work role in a particular organization. Success factors are 1

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