Competency management involves the process that assesses, analyzes, examines, and enhances the performance of employees on an individual and organizational level. Competency management may elevate a firm to new heights.

This effective talent management method is managed by Human Resources, but it requires participation from all employees to be successful. Knowing about a piece of equipment isn’t enough; the organization needs a competency management system in place to test, measure, evaluate, and enhance each core skill. 

Perks of the competency management system

When a corporation implements efficient competency management through skills tracking software, it reaps numerous benefits, including the following:

• 1. Worker morale and safety have improved

Workplace accidents are decreased, and individuals feel more comfortable and safe in the workplace, boosting overall morale, by certifying competency before allowing employees to engage in high-risk activities or activities that can put people and property at risk.

• 2. Lowering the overall risk level of the company

Well-trained personnel makes the workplace a safer place to work, reducing the risk of accidents, property damage, fines, and/or lawsuits.

• 3. Enhanced and better decision making 

When all members of a workforce’s competencies are assessed, leaders can see their workforce’s overall strengths and weaknesses in terms of skills and knowledge, giving information that can be indispensable for making strategic organizational judgments and impacting the company’s priorities and direction.

• 4. Recruiting and retaining employees is less difficult

It becomes simpler to recruit and keep personnel who appreciate and enforce safety once a company earns a reputation for setting high standards of excellence through systematic implementation and validation of worker competencies.

Installing a competency management system

Step1: Firstly, discover the competencies essential for the organization’s performance, especially regarding safety at the workplace. Thereafter, assess each skill individually.

• 1. Is it better to do this with written or oral exams?
• 2. Is it required to do a hands-on test?
• 3. What grade do you consider to be a passing grade?

Competency skills tracking software is frequently available. Scanning for those before attempting to build from zero can save time.

Step 2: Finally, make sure you have plans in place for all levels of expertise. The below-mentioned question will be of help.

1. Is it possible for an employee to be unsupervised after being found competent in a skill?
2. Is there a training program if an employee fails a competency exam? 
3. Would having a mentor be beneficial?
4. A good competency management program can become a vital aspect of a company’s overall operations over time.

Conclusion 

A robust competency management system by Its Your Skills will allow a company to improve both personnel and organizational competency, enhancing the company’s overall value. This type of leadership will become increasingly important in attracting and retaining the best personnel.

FAQs

Who manages a competency management system?

The Human Resource of a company oversees the competency management system. 

Where is the system most applicable?

The competency management system is critical in high-risk work contexts for everyone’s safety. 

How does the system create assertive employees?

A strong employee is created by identifying a role’s essential capabilities through competency management.