What is Competency Modeling?
Competency Modeling is a framework for establishing a job’s knowledge and skill requirements. A group of competencies together define what constitutes successful performance on the job. They are popular in business for assessing and defining competencies in soft skills and hard skills within businesses and organizations. They make up a key hiring component, along with performance and talent management events conducted by personnel departments.
In certain areas of business, the competencies are well-established. Companies usually use the frameworks by organizing knowledge and skills into defined categories, including workplace, management, occupational, industrial, industrial, technical, academic and personal effectiveness.