This white paper examines how to use a competency-based approach to build behaviors, skills, and knowledge. It explains how to integrate competencies into all phases of talent management to onboard, review, develop, motivate, and retain employees. It also shows the valuable contribution competencies can make in managing change and defusing turf battles that arise during downsizings, consolidations, and business reengineering.
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In fact, a recent report by PriceWaterhouseCoopers validates that talent management plays an important role in supporting business strategy by ensuring that pivotal positions are always staffed with premier talent and that they have a credible bench of high potential candidates ready to succeed them. The problem is that simply having a talent management program is not enough. True, a good talent management system integrates recruitment, performance management, training, compensation and succession