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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of pay and incentives. It also enables the talent management team to use compensation to motivate specific actions and behaviors that are of the greatest strategic value to the business. Thus, compensation can target not just the end results of performance, but the competencies that enabled that performance. Business Decision-making A competency-guided approach helps integrate talent management functions and integrate talent management itself into business decision decision-making. For example,