competency (noun, com-pe-ten-cy, \ ˈkɑːmpətənsɪ \) modeling (verb, mod-el-ing, \ ˈmɑːdlɪŋ \)
Definition: is a process of assessment and defining an individual’s level of knowledge and skills, which are the necessary requirements for a job and serve to keep a business effective and competitive. In other words, it is a defined set of competencies that are needed for a successful job performance. Being similar to the job analysis, competency modeling implies figuring out what behavior patterns will be necessary to achieve business’s long-term objectives and strategic goals. The process of competency modeling may allow a business to enhance its productivity, to increase the agility of the workforce, or to identify and hire people with high potentials.
In a Sentence:
- Competency modeling will allow us to find the right people for the right job.
- By implementing the competency modeling, we were able to increase the efficiency of the business processes on each management level.
- An effective competency modeling can help our company establish its competitive advantage on the market faster.
Synonyms and related words: competency model, organizational competency model, functional competency model, leadership competency model, competence
