Organisation needs to look into competencies while hiring and for hired ones. The hired competences as well because there is shift in their one or several competencies because of intrinsic and extrinsic factors. Competency affects Utilisation of Resource, T&D, Knowledge Management and Competitiveness. As business exists to grow and make profit to scale and sustain. Hence identification for a particular role can help HR activities in Selection of staff, T&D, Performance Management and Succession Planning. This approach in turn helps the organisation to focus on the core capabilities, maximise the use and design a custom-driven training and development activities to see projected/desired result. Hence HR management can bring impact to entire organisation.
Competency = (Relevant knowledge + Skills + Attitudes) – (Required standards) – (T&D).
What does the core competencies consists of?
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