Competency Mapping

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Business
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Competency Mapping

Chapter - 1
Introduction
The word competency is derived from Latin word “Competere”, which means to be suitable. The competency concept was originally developed in psychology denoting individual’s ability to respond to demand placed on them by their environment. Competency is defined as knowledge, skill or ability relevant for organizational performance
Organization of the future will have to rely more on their competent employees than any other resource. It is 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 language and method that can integrate all the major HR functions and service
Ongoing and unrelenting economic, social and technological changes have spurred the need for flexible, skilled workers who can help their organizations succeed and sustain a competitive advantage. To be relevant within organizations and indispensable to clients and customers alike, workplace learning and performance professionals must continually reassess their competencies, update their skills and have the courage to make necessary changes. Businesses and managing business has and will always be complex. There is no denying the need to perform through a combination of utilizing predictive or forecasting tools, techniques and methods, yet without trivializing the need to sustain and drive a motivated high performing workforce. The company’s need is to sustain in a competitive environment, and give rise to understand & learn to establish the context of competency mapping
The report gives an overview of the competency mapping. The report presents the meaning and history of competency approach in the first section. In the following sections the components and types of competencies have been covered. Further the report discusses the meaning of competency mapping and also defines the competency map. This section that follows...

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