Many organizations are turning to competencies to align their employees’ skills & behaviors with their goals & provide a competitive advantage.
Putting the right people in the right positions for success, and measuring their performance and effectiveness over time is a key factor that separates the winners and losers in business today.
And make no mistake, a competency-based approach can be extremely effective... when developed and implemented correctly.
The Brandon Hall Group, a leading HR research and analysis firm, recently studied the impact of fully-optimized competency programs. They surveyed 449 professionals, spread across 57 countries and 36 industries. After collecting the data, they split the companies into 4 levels of “competency maturity”: casual, developing, standardized and optimized.
Companies at the optimized level were:
image credit: Brandon Hall Group
The key to unlocking these benefits is a fully-optimized approach to competencies.
And this is where most companies falter: only 8% of organizations who have a competency-based approach in place are at that optimized level, according to the study.
There are a wide range of reasons why competency projects fail to make the intended impact on organizations. In our experience, some of the main causes of failure are:
While these are common issues when dealing with some competency providers, they can be overcome, and competencies can provide major benefits across your organization; your human resources team and stakeholders just need to be equipped with the right tools, knowledge and guidance to drive success.
That’s where we come in.
With 28 years of experience, we’ve seen it all, and have a solution to fit your needs: whether your organization is large or small; whether your team consists of competency beginners, or experts looking for a change. Here’s a sampling of how HRSG helps you be more effective and more efficient when implementing and managing competencies:
Want to learn more about using competencies? Get started with our Competency Toolkit:
Download your Competency Toolkit using the form below.
Post last updated: June 27, 2019.