Benefits of a Competency Framework

Every business is different; from senior managers to the employee level, there are always clear distinctions that set one organisation apart from the other.

These are often described as competencies – the various skills, abilities, experience, personality traits and motivators that contribute to someone performing well in their position within the business structure.

To maximise the efficiency and productivity of these competencies, they need to be compiled into a single comprehensive competency framework.

Creating a competency-based framework enables organisations of all shapes and sizes to align their visions, missions, and short-term organisational goals and, ultimately, establish a culture of success.

The benefits of a competency framework are in establishing the outline from an organisation to the individual around performance and behavioural expectations. As part of a well-rounded approach to Human Resources, every enterprise should have a distinct framework to work from.

 So, what are the benefits of a competency framework?

Linking Personal and Organisational Goals

By having a clear outline of what is expected within a business, it becomes much easier to link the goals of an individual with the direction of the organisation. From a performance and learning perspective, this insight helps create an environment where everyone is working from the same page. As a result, elements in relation to assessment, feedback and communication become standard across the company, enabling management to create a common culture and appropriate level of performance.

Better Recruitment and Retention Standards

Organisations want to hire and retain employees who have the same core beliefs, work ethics and goals as the organisation’s brand. The value of having a competency framework is that it provides useful information assisting in selection, hiring and promotions.

Smooth Succession Planning

For many companies, there are concerns around retaining employees and succession planning. Through a competency framework, companies can identify the various values, traits, and requirements that future roles will need and provide a smooth transition for staff from one role to another.

Opening Up Communication Channels

Open communication will show that there can be similar competencies required across multiple roles, which may help in bridging the gap between various departments. Communication is a key part of a competency framework. A business can only move forward together if everyone is working towards the same goals and outcomes.

Tracking Learning and Development Impact on Performance

A competency framework allows companies to measure the impact of their learning and development program by mapping learning activities to the various competencies it supports, providing a clear comparison between before and after.

If your organisation is ready to experience the benefits of a competency framework, contact the expert team at MJSP Management Consulting today.