Competency‐Based Human Resource Management

Abstract

Leaders of organizations today are always looking for a competitive edge. In that quest, many organizational leaders have discovered a new, powerful way to reinvent human resource management (HRM): competency-based HRM. This chapter addresses the questions: why is a new operating methodology needed for HR? What are competencies? Why is competency-based HRM worth implementing? Competency-based HR reinvents traditional HR to focus on leveraging the known productivity differences between average and best-in-class performers. In addition to attracting, retaining, and developing top performers, organizations must now look to the ethical decisions of their top leaders and performers. Controlled Vocabulary Terms competency modeling; Human resource management; job analysis

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