Join Todd Dewett for an in-depth discussion in this video Understanding how competency models fit in, part of Performance Review Fundamentals.
…At their core, competency models are attempts…to identify and leverage the most important…knowledge, skills, and traits that are linked…to productivity and success in a given environment.…So for example, a leadership competency model might contain things such as…staffing and leading a team, effective…conflict management, or creative problem solving.…The list of skills and traits are…typically shorter than longer, maybe containing five to…15 elements. There's no perfect number.…The real goal is to accurately model…the elements of success for a given environment.…
If we assume that you can identify this list of things that…one should possess, well there are many ways we can use that list.…They're now used to attract and hire new employees, to create effective…training and development experiences, as a…vetting instrument when promotion decisions are…being made, and of course, they're used as…a core part of the employee evaluation process.…There are many benefits associated with using competency models.…These include: providing a summary of the experience…
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- Understanding the performance cycle
- Setting performance goals
- Collecting performance data and feedback
- Writing the review
- Discussing performance with an employee
- Using a performance improvement plan (PIP)<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.