Many organizations are claiming their people as their greatest asset. How true is this in reality? Hiring the right talent aka the asset for the organization has become a greater challenge, as jobs become more sophisticated. Hiring based on paper qualifications seems un-fit the situation and at times causes competency issues.
Competency is defined as the attitude, knowledge. Skills and behavior required by an organization, function or individual to do the job right the first time. Competency framework is an important vehicle to integrate the way how people are joining the organization, how their performance is measured, their learning needs identified and implemented, their leadership assessment and their career is developed.