How to Build a Competency Model
6 Steps To Building Your Organization’s Competency Model
Research consistently shows that organizations with clear, integrated competency models outperform their peers. Hewitt Associates’ 2005 study of 373 U.S. companies found that all of the “Top 20 Companies for Leaders” had leadership competencies in place and integrated them into their key people processes. By contrast, companies without integration lagged significantly.
Competency models give you:
A common language for what success looks like
A bias-reducing framework for hiring, promotion, and development
A unified culture by clarifying expectations across roles and levels
A strategic link between people practices and organizational mission
Yet, designing a competency model can feel overwhelming and you may not know where to start. That’s why JST People Strategy has synthesized the research and choices into 6 Steps to Build Your Organization’s Competency Model. We have turned the overwhelm into a clear, structured process that you can use to tackle one of your most important people strategies.