Competencies – The Secret Weapon in the “War for Talent”*
The “War for Talent” has been an overused term in recent years and has had a lot of focus on talent acquisition and fighting off the competition – which doesn’t really reflect the complex challenges we see our clients at Lexonis facing in their talent management strategies.
Talent management is about attracting, identifying, developing, engaging, retaining and deploying people with the right knowledge and skills to support a business strategy.
Many of our clients depend on a highly skilled workforce; their value comes from the technical expertise and their success is often built on their customers’ trust in that expertise. Therefore, in order to maintain a competitive edge, our clients have to maintain their level of expertise.
Add to that, our clients are often challenged with achieving more than one objective; here’s a typical scenario: the client organization needs to understand the strategic capability required to support their current and future business needs; and to attract, retain and develop the right highly skilled individuals to fulfil this need.
Perhaps your organization faces similar challenges?
So how does a competency-based approach help our clients to achieve their goals? How can it help your organization to do the same?
The answer is by delivering these critical outcomes:
One of the first tasks is for us to help the client to identify a well-structured competency framework, for instance, from the IBM Watson Talent Frameworks library; another is to provide supporting technology, such as our software offering, Lexonis TalentScape.
Using the prescribed framework, we help our clients to identify and define competency-based job profile definitions and well-structured career streams.
What are the outcomes of this approach for the organization?
Learn more about how to Define, Manage and Assess competencies using Lexonis TalentScape and how the IBM Watson Talent Frameworks can meet your organizational needs by clicking on the links provided or by visiting the Lexonis website: /
* “The War for Talent” is a term coined by Steven Hankin of McKinsey & Company in 1997 and refers to an increasingly competitive environment for attracting and retaining talented employees.
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