Defining Organisational Competency
Competency models form a vital tool in human resource systems and practices. Researched data indicate that there has been a worldwide increase in the usage of competency models as a base for Human Resource strategy in the recent past. Utilizing a competence approach is now promoted by experts in the field, as it is likely to improve not just individual performances, but organisational effectiveness as well (Markus et al., 2005). One of the key factors sustaining the interest in the concept of competencies is the fact that the nature of work is becoming more complex, and skill requirements are definitely overtaking the traditional distribution of ability in the workforce and creating a dearth in talent supply. In a survey canvassing opinions of senior executives, 80
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