Benefits of Using Competency ModelT

Benefits of Using Competency ModelThere are some useful benefits of using competency model for the company, managers, and employees as well. For the company, these benefits are:• reinforce corporate strategy, culture, and vision. • establish expectations for performance excellence, resulting in a systematic approach to professional development, improved job satisfaction, and better employee retention. • increase the effectiveness of training and professional development programs by linking them to the success criteria (i.e., behavioral standards of excellence). • provide a common framework and language for discussing how to implement and communicate key strategies. • provide a common understanding of the scope and requirements of a specific role. • provide common, organization-wide standards for career levels that enable employees to move across business boundaries.