competence

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Introduction


Utilizing a firms internal competence and develop it towards future needs has become vital for most firms competitive edge.


It is always believed that an organization’s success depends on the perceived value of its products and services. There is yet another area being considered and that is in leveraging its intellectual capital by building the competency of individuals to achieve strategic goals.


This is a competency era. It is beyond doubt that it is beneficial and cost effective to have competent people occupy higher level positions. Competency refers to the intellectual, managerial, social and emotional competency. Many organizations in India and abroad are channelising efforts to mapping competencies and implementing assessment and development centers.


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What is a competency?


Competence is about turning knowledge into action


A competency is motivation, attitude, behavior, or other personal characteristic that is considered to be essential to your job performance. Competencies predict success in job performance and also help differentiate performance between employees. Basically, a competency is how you perform your job.


Competencies are sets of behaviors that top performers exhibit a lot more consistently than average or poor performers.


Three main aspects of competency - skill, knowledge and talent are the ones that the management demands that every individual of the organization demonstrate. To accomplish this a 4-step process - Attract, Nurture, Retain & Develop talents is practiced by organizations to build the competencies of an individual.


Some of the competencies can be listed as below


· Organizational Awareness


· Strategic/Analytical Thinking


· Communication


· Personal Skills


· Teamwork


· Leadership


· Results Orientation


· Cultural Understanding


Thus, we see that Competency combines three aspects,


· knowledge,


· know-how,


· attitudes and resources





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