BENEFITS OF USING COMPETENCY MODEL

There are some useful benefits of using competency model for the company, managers, and employees as well.

FOR THE COMPANY

• Reinforce corporate strategy, culture, and vision.
• Establish expectations for performance excellence, resulting in a systematic approach to professional development, improved job satisfaction, and better employee retention.
• Increase the effectiveness of training and professional development programs by linking them to the success criteria (i.e., behavioral standards of excellence).
• Provide a common framework and language for discussing how to implement and communicate key strategies.
• Provide a common understanding of the scope and requirements of a specific role.
• Provide common, organization-wide standards for career levels that enable employees to move across business boundaries.

FOR MANAGERS:

• Identify performance criteria to improve the accuracy and ease of the hiring and selection process.
• Provide more objective performance standards.
• Clarify standards of excellence for easier communication of performance expectations to direct reports.
• Provide a clear foundation for dialogue to occur between the manager and employee about performance, development, and career-related issues.

FOR EMPLOYEES:

• Identify the success criteria (i.e., behavioral standards of performance excellence) required to be successful in their role.
• Support a more specific and objective assessment of their strengths and specify targeted areas for professional development.
• Provide development tools and methods for enhancing their skills.
Provide the basis for a more objective dialogue with their manager or team about performance, development, and career related issues.