The Role of Competency Management System in the Corporate World

Believe it or not, employees are the basic building blocks of an organization. It is so because the success and failure of an organization depends majorly on them. Therefore, it is vital for every organization to hire skillful and qualified candidates only so that, they can build a strong foundation.

Other than hiring the best candidates, competency management system (CMS) is another way which is quite helpful in making the existing employees more skillful. This system can also be used to educate the employees about the organization’s main objective so that, they can put their 100% to reach the set milestone.

In reality, every employee posses some skills or qualities known as ‘competency’ and thus, there is a need to enhance those competency so that, the organizational goal can be achieved in the best possible way. Thus, competency management system came into the picture which is helpful in giving the required training to the employees in order to make them perfect or to enhance their key skills. Actually, this system offers dual benefits i.e. it not only benefits the employees but also, the organization.

The CMS consists of some of the pre-defined steps which are given below:

• Planning Phase
• Designing Phase
• Gap Analysis
• Execution Phase

Ranging from blue collar workers to white collar management, CMS can be used for all the profiles. Hence, it can be termed as a sure short way of success. Although, it offers many benefits that can vary from its type however, some of the common benefits that a CMS offers are given below:

• Organizational Benefits

Enhance company’s reputation and status

Helps in overall cost cutting

Authoritarian compliance

Beneficial for employee retention

Competent employees means high revenue

• Employer Benefits

Sort out the training needs

Systematize aptitude pipelines

Performance based appraisals and assessment

Detailed reporting or track improvement

Training review support

The CMS works in a chain of command and thus, it gets suitably fit into any need. Since, it comes in a wide range thus; any company can choose anyone which can fulfill its every need. Additionally, CMS comes in a continuous form; as a result, it can be used to the maximum extent until the employees become perfect in their job profiles. Moreover, its track reporting ability enables the upper management to look after the progress of each and every employee. Hence, they can take their decision with an ease.

Also, combined with an LMS, a CMS can show great results. So, every company whether it is small or big should use a CMS in order to get the desired success in the corporate world.

GyrusAim is the web-based learning management system that allows for training administration, maintenance.