In an organization, where there are a large number of
employees, keeping a track of their skill sets is a hard task to do. To continually keep assessing the knowledge, skills, behaviors of
the workforce to keep them up-to date with the ever changing demands and
requirements of the highly competitive industry requires a lot of time and
effort. In this case, a competency management
system comes in handy. Competencies are the core skills possessed by an
individual that render him suitable for a job. It is basically, a tool devised
to assess the expertise, knowledge or qualification of an employee for a
particular job.
A CMS module is mainly used to monitor an organization’s
knowledge base. It not only helps to keep a check on the skill gap analysis but
also enables the organization to match the strengths of their employees with
the positions that can best utilize those skills.
A CMS is important for the features it provides. The
organizations need skillful workforce for the successful achievement of
organizational goals. Competencies have a direct impact on employee performance
and behavior.
The competency management system has many
benefits to offer to the organizations, particularly the large ones with a huge
employee base. Some of the benefits offered are:
·
A CMS helps in an effective management of the
human capital in the company.
·
It keeps the company aware of its skill gap
analysis.
·
A CMS helps to set clear expectations for the
employees
·
It also helps to address their training and
development needs.
·
It facilitates career growth and development
·
It simplifies the HR functions.
·
Ensures company trainings are cost effective and
goal oriented.
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