Competency Management: The Engine that Drives Talent Development Strategy

Recorded on March 18, 2009

With the global economy in flux, today’s businesses are beginning to rethink their talent development strategies—and with good reason. Workforce demographics are shifting as baby boomers retire, and the need to hire, retain, or streamline to the most highly skilled employees is more critical than ever to corporate success. The engine that drives your organization’s talent development strategy is a Competency Model.

Your competency model guides the end-to-end management of your organization’s talent base—from performance assessments and goal achievement, to training and development, workforce planning, and recruiting. More than any other department, Human Resources (HR) has the power to leverage a well-built competency plan to generate high-impact reports and analytics. This data provides tremendous value to executives and significantly improves a company’s ability to identify needed skills and attract key employees.

You’ll learn how competencies are the key to:

• Recognizing the skills and competencies that are critical for your workforce
• Being better equipped to engage, develop and retain the greatest assets your company has—its employees.
• Having a ‘common language’ that all of your HR efforts can be built on

Presented by: 
Richard Oyen, Director of HR and Talent Development, SumTotal Systems, Inc.