Competency Mapping for Executives

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Competency Mapping for Executives

COMPETENCY MAPPING FOR EXECUTIVES

Competency Mapping is a process by which an organization identifies the requisite people competencies/qualities for various positions/qualities for various positions and levels. It eventually drives all HR initiatives of the organization. This could throw up something that is very customized and peculiar to the organization unique to its business. As it is a truth that many organizations exist the way they do, because of their niche and unique positioning. This could be done in a scientific manner tailor made to an organization. The steps involved in the process are given below

  • Step 1 :  Need Identification for Competency Modeling
  • Step 2 :  Brainstorm Critical Success Factors
  • Step 3 :  Identify Star Performers
  • Step 4 :  Job Description by Position Holder
  • Step 5 :  BEI Experimental Learning
  • Step 6 :  Transcription-Thematic Analysis
  • Step 7 :  Repertory Grid
  • Step 8 :  Competency Dictionary
  • Step 9 :  Presentation to Top Management for Presentation
  • Step 10 :  Align HR Initiatives

Competency Levels or Hierarchy

Top Level “Expert”

Can use and leverage a specific competency to influence company’s business results. Set examples as a role model in the system.

Middle Level “Practitioner”

Can practice this competency to impact his or her job and demonstrate company standards to deliver results on the job consistently.

Junior Level “Beginner”

Shows the bent of mind and positive indicator of required attitude/conduct. Could be shaped given the organizational system and environment.

Like a three point rating scale on a given measurable, this could be left as above or enhanced to four/five/six. In all the above if you give a low and high it would automatically become six point rating scale. The number of scales is not very important; the consistency in understanding amongst the internal selection decision makers of the company is the key. Then this would become a tremendous objective selection tool.

The success of any product is said to be dependent a great deal on the way the product is designed and engineered on the drawing board by the design engineer.

Success in building a corporation is also dependent on how the hiring process are designed and the related decision makers are trained, before they enter the interviewing room to take the decision. If the preparatory work of system design and training is faulty, the end outcome is bound to be a flop show, if at all succeeds it is bound to be fluke.



Competency framework - enable Organizational development and people development portfolio (in terms of L & D)

  • The Process of Developing Competency Mapping Framework

    ★ Creation of a comprehensive technical-cum-behavioural competency framework replete with competency dictionary and proficiency levels defined for each unique role.
    Example: Unique roles of the following departments may be covered:
       ✓ a) Operations
       ✓ b) Production
       ✓ c) Quality Assurance & Control
       ✓ d) Environmental Health & Safety
       ✓ e) Engineering (Mechanical/ Electrical & Instrumentation / Utility/ Projects)

    ★ JD creation of all the aforesaid department wise unique roles.

    ★ Mid check - Department wise Job Descriptions and technical competencies review with nominated stakeholders to ensure the right approach and content.

    ★ Creation of tool kits to communicate the technical competencies to employees.

  • Benefits of Competency Framework

    ★ Rational and Objective process to
       ✓ Hire
       ✓ Train & Develop
       ✓ Assess
       ✓ Promote
       ✓ people for various roles in the organization

    ★ Since it is objective as well as clear to employees, it creates healthy work climate. Besides it provides clear pathways to people to develop themselves for whatever roles they are aspiring.

    ★ Organization Profitable Growth Path can be outlined using above.

  • Reframing Above in terms of Deliverables

    ★ Example of Goal: Competency Mapping to achieve two times growth in next 3.5 years
       ✓ Understanding Competencies( both technical and behavioural) available at present within the organization and required to achieve above goal. Hence scientific competency mapping and action planning to fulfil gaps in the same
       ✓ Organization wide Cultural shift interventions, if required, to achieve above goal using competency framework developed
       ✓ Behavioural Interventions to eliminate any gaps in behavioural functioning of teams and organization that can block achievement/exceeding of above growth targets

Competency Mapping for Investment Professionals and Traders

Competency Mapping attempts to measure the competency level of an individual. For each profession, there are varieties of important competencies.

  • For Long Term Investors following competencies are identified:

    ★ Visioning: The competency to understand how the future of an investee company is going to pan out in next 5/10/15/20 years keeping in mind the industry scenario, management skills and competitive advantages enjoyed by the company

    ★ Calculated Risk Taking: This competency is required to make an investment knowing that understanding of future is always uncertain and variety of scenarios can pan out which may or may not favor an investor;

    ★ Wisdom to Sit Through Volatility: This competency is essential to be able to reap full benefit of investment and not book early profits and miss out on full potential of the investment

  • For Short Term Time Horizon Traders, following competencies are desirable:

    ★ To Respond Quickly and Act Decisively

    ★ Probability Assessment

    ★ Mathematical Ability

    ★ Emotional Strength to suffer Losses and not be frozen

    ★ Hard Work

We at UTSAV Managemnt Consultants assess your competency levels in the above functions of Investment and Trading. We use competency based interviews and psychometric tests to help you discover your strengths and areas for improvement in these competencies.

It's a good investment in your career with very high ROI.