How competency management promotes employee career growth and retention?

Companies around the globe are challenged with holding on to their highly skilled workforce in a competitive market, while also refining performance expectations and developing their internal talent. By clearly defining competency requirements for job roles, and by helping employees assess, manage and develop their own competencies, organizations can promote career growth and create a work culture that employees view as supportive and enriching. People value employers that offer a clear path for career development; thus, empowering employees to develop their competencies and providing a tool that enables employees to match their aspirations to available job roles can positively influence employee job satisfaction, experience and retention. The term competency denotes the ability to do something successfully and efficiently. Organizations[…]