ADVANTAGES OF A COMPETENCY-BASED APPROACH
Recruitment and Selection: Knowing the requisite competencies for a particular role helps the interviewers in assessing the candidates better and maintains consistency in case of multiple interviews.
Performance/Potential Assessment: This would help map the current set of competencies of an individual with the expected set of competencies required for him to perform his next role in a new position or in a higher rank.
Compensation Management: Competencies can help in developing job families and linking it to job worth can allow a better compensation management.
Training: This can help in identifying the training needs of an individual/role and help design and evaluate it better.
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