Tuesday, February 03, 2015

Companies and their strategies

Performance mapping provides managers with an important opportunity to enhance employee engagement as well as advance the performance management culture necessary to attaining the Eyes High Strategy. You have an important role in this process by helping employees:
  • feel respected, rewarded and recognized for their accomplishments
  • align their talents and skills to organizational goals
  • Develop their potential.

In this world of cut throat competition, companies are putting tremendous effort to hire competent employees and to develop relevant competencies in their existing employees. These are one of the few ways in which companies can gain competitive edge over each other. In this slowing economy where so many companies are fighting for limited resources and talent, it is very important for organizations to incessantly reassess their competencies, update it and have the courage to make the necessary changes. It is equally imperative for a firm to define a set of core competencies which corresponds with its key market differentiators. This is where competency mapping plays a key role.

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