What is Competency Modelling?

Competency Modelling definition

A process designed to gain an overview of the competencies available throughout an organisation with the ultimate aim of addressing weaknesses, nurturing strengths and gaining or enhancing a people-based advantage over other industry players.

Internally, competency modelling helps ensure skills are distributed to maximum effect and that divisional strengths and knowledge align with the company’s overall needs. An abundance of one competency in a specific area may require re-distribution to ensure that all parts of the company can benefit.