Home Contact Us Site Map Site Search

About Us

Legal Info

Annuity Advantage

Research and Compare over 300 Fixed and CD-Type Annuities Ranked by Highest Yield to Surrender

CD-Type Annuities

Fixed Annuities

Equity-Indexed Annuities

Annuity Search

Request an Immediate Income Annuity Quote

Subscribe to our Free Annuity Rate Update Newsletter
Annuities Explained
Equity-Indexed Annuities Explained
Stock Market Growth With No Market Risk
IRA Qualified Annuities
Is Your Annuity Company Giving You The Best Deal?
What is a 1035 Exchange?
Free Annuity Exchange Evaluation Service
When Your Annuity Becomes a Tax Time-Bomb
Retirement Mistakes - Don't Let the IRS Take 20-30% of Your Company Retirement Account
When Your IRA Becomes a Tax Time-Bomb
Increase Bank Deposit Yields by 45%
Articles - Personal Financial Advice Arranged by Topic
Newsletters - Current and Archived Issues
Financial Calculators
Free Maturing CD Notification Service
Split-Funded Annuities
Life Expectancy Tables
State Guarantee Funds

 

Articles


Competence Management - Powering Your Efficient Business

by George Purdy

Professional competence can be defined as utilizing the knowledge, experience and know-how to work towards the goals of an organization. Competence management helps people do this by showing how employees can use their competence and how they can develop their competence. Comparatively a new segment in human resources area, competence management has become a popular and an important method vital for achievement of an organization's goals.

Management coaching will help you install a competence management program, which can only work if management is completely on board and cooperative. It is their job, after all, to evaluate every employee's skills to establish their competencies so that they can be measured against the company's needs. If you doubt your company's ability to use competence management, consultants can help you. Although this will cost a bit more, the added expense will be worthwhile.

Determining the competencies needed for a particular task will enable you to mobilize the adequate employees and use them at the best of their capacities. By using business coaching, try to have your employees realize the importance of competence management and get them involved in it.

So, employees will be able to figure out what they need to do and what they need to know to do their jobs most efficiently and advance the company's interests most effectively. The best things about this is that the boss's intervention isn't necessary- employees will be able to determine what training they need by themselves.

Let us suppose you want to know your employees' competencies or you want to gauge how skilled they are. Before resorting to professional help, you can deploy some of the other tools available. For example, you can develop and use a form that lists the capability of each employee. The details from the forms can be entered into a centralized database accessible by every one and you can also circulate the competencies required for ongoing tasks.

Competency management will help you and your company by matching your employees' knowledge and skill sets to maximize your company's efficiency. It will provide a tremendous return on its modest cost. It also keeps your employees actively involved in your company's operations by allowing them to actively take part in assigning responsibility for your company's success.

The aim of management coaching is to upgrade the abilities of employees by training them to execute various management tasks effectively. Similarly, competence management seeks to match the knowledge and skills of employees to the needs of the tasks. It also helps employees realize what type of skills they need to acquire to progress in their careers. Through business coaching, employees can be made to realize the importance of managing competencies and to become involved in the process. While the organization learns to manage its human capital in the best way possible, its employees become more interested in their jobs and how they can work towards the organization's objectives.

Published July 20th, 2007

Filed in Business, Management