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.
Establishing effective performance management systems can have significant benefits for your business, as it can lead to happier, more motivated and better performing employees. Reviewing, refining and implementing performance management systems are ways of helping achieve these significant benefits.
The key reason why you employ people in your business is to get the job done that it to perform a given task. Yet, many organizations do not measure the performance of their employees at all or they measure but do not make use of appropriate methods at the right frequency. In other words it looks like organizations are watching a football game with no idea what is the score or the score does not mean anything to anyone.
Scenario planning is a process that can help professionals to prepare for what lies ahead. It provides a framework for developing a shared vision for the future by analysing various forces that affect the organization. The technique is used by organizations to anticipate future business conditions and to better manage risk.