Measure what matters, not measure for the sake of it! Examine what you are measuring and take a cold hard look at how these measures enable your talent management process. Best practice measures include; Offer to hire ratio, duration of employment, appraisal performance ratings, 360 competency ratings and skill fit to role. WIZDOMWeb can help provide some of these for inclusion in your balanced scorecard or talent reporting. |
| Working With Competencies |
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One of the key aspects of developing talent in the right strategic direction is having the right foundations to build on. Companies that build competency frameworks that align to the company strategy are always seeking to build the right people for the future. Having built your framework you need to map roles and assess your staff giving personal and organisational competence gap analysis. Learning can then be targeted to close those gaps. WIZDOMWeb LMS provides the tools and platforms to:
The benefits of applying a competency based approach are many. Having a structured approach to the management and application of competency frameworks means that talent development is always aligned to a companies 5 year plan or strategic direction. Corporate boards can review the strategic direction of the workforce using organisational competence reporting Line managers have tools to manage the development of their staff, individuals have access to self-analysis tools and can understand what can get them ready for their next role. Targeting self directed learning at competencies gives the learner ownership of their development plans. |