The Role of Skills and Competencies in Talent Management

Posted by Judy Fort on January 11, 2016

Infrastructure

As we kick off 2016, and companies continue to struggle to attract the right talent for upcoming projects and initiatives, identifying and managing skills and competencies becomes especially critical for a successful talent management strategy.

Whether you are identifying talent within your current employee base or searching for new candidates with a specific skill set for your next project, keeping skills and competencies at the forefront of your strategy will provide the competitive edge you need to stay ahead in the ongoing war for talent.

A lot of planning has to take place to put a talent strategy like this in place. There are building blocks that reach across all of talent management. So, let's take a look at these elements and their roles:

  • Skills Library: Build out different categories you want to track for your employees, then group skills into those categories. By knowing what specific skills you need to track, you make it easier to track requirements and perform searches later.
  • Competency Library: Include core, leadership and functional competencies as a part of your library, including detailed descriptions. Build out development plan suggestions so that as employees identify gaps, they have the tools to address them.
  • Job Profiles: Identify skills and competencies required and gained for each job in your library. This helps when building out career paths, or when planning for necessary resources in a project.
  • Employee Profiles: Identify skills and competencies that each employee has acquired. By knowing which skills an employee has, you can also identify their gaps and work towards filling filling them. You also provide the ability to search for employees for upcoming projects simply by looking for particular skill sets.

Register for our webinar for more insights on the importance of skills and competencies as critical business drivers.