Mapping Competency - a Systematic Approach for Getting and Retaining the Talent

The Indian economy has been growing at a skyrocketing speed from the last couple of years but from the last few months economy has been facing the greatest downturn in the business. Most of the big as well as small chunk of the organisations have started shedding of flab by lay off downsizing, separation and hence compressed the number of manpower worked in organisations. Every organisation gets affected by this downturn and in today s world it's become essential to build on competitive activities of business. There has been much of discussion on such issues, as how to combat with the crisis and what competencies an organisation needs to have in order to compete? Mapping competencies is the solution of this existing problem and with the help of this an organisation would be able to recuperate. Competency mapping is the process of identification of the capabilities and potentialities required to perform successfully a given job or role or a set of tasks. Competency based human resource is the best HR practices which is applicable at eveiy level. Competencies are used as the key criteria for implementing the application. Maximum number of organization has been implementing competency based application at the micro and macro level. Competency Models enable Business and Industry to provide an understanding of what will be measured in performance appraisals and employ individual into appropriate assignments in addition to this facilitate learning and development which in turn enhance productivity and growth.