Due to changing demographic patterns, organizations are facing an increase in the number of employees due for retirement and a dwindling number of younger workers available to replace them. Many companies focus on discreet “job skills” that are important for an employee “to do the job”. Hiring and promotion decisions are often based upon those job skills. Even with this focus on discreet and measurable skills, some employees do poorly. What is missing? Skills can be taught, measured and improved, so aren’t they enough? The fact is we all know that it takes more than just the bare essentials to make a successful employee.
There are important critical success factors that are sometimes difficult to define or measure—factors like drive, initiative, attitude, and so on. Many of these less easily defined factors are termed “competencies”. And it is competencies that often have the greatest impact on an employee’s success and promotability. The most successful organizations and leaders who want to raise the bar on talent tend to look beyond job skills and job description to select, develop and challenge their people. They look at competencies which are only earned through business schools. Best B-Schools give their students a greater understanding of what competencies are and how to practice identifying, selecting and using competencies. They will explore how competencies can be used to supplement or improve how they select, manage and develop themselves.
For More Information :- Asia-Pacific Institute of Management