A Competency-Based Management Approach to Employee Training & Development: A Strategic Business Unit Case for Mergers and Acquisition

Abstract:

One of the challenges in the industry today in any organization is how to retain competent employees and how to equip them with the right training programs for career development. Competency based management (CBM) approach focuses on how to enhance and increase the potential of an employee to have a competitive edge, that’s aligned with the company’s objectives and strategy, and contribute on the company’s success. Studies have shown that companies that adapt to CBM as part of their strategy is more successful and have highly competent employees. This study will cover the concept of competency-based management and what are the driving forces behind the use of competency based management and its benefits in the organization. The continuous growth of an organization does not only depend how the organization makes the most of the skills and competencies of the employees, but most importantly, how it stimulates commitment in the organization.

Año de publicación:

2020

Keywords:

Fuente:

google