In a study, it has been revealed that 87% of people have a skill gap. Hence, identifying if a worker has a skill gap is an essential task for all HRMs and managers.
The Competency Values Framework or CVF framework is an outline that lists the specific skills, knowledge, and behavioural traits that an employee must have to perform and succeed in their role at an organisation. Further, this sets clear expectations of what is required of an employee and the criteria they need to meet to be placed in a certain job role.
With the application of a CVF framework, HRMs can not only streamline the recruitment process but also develop tailored training programs.
Competency Framework and Its Uses
In every organisation, it is important to align the job roles, assignments, and objectives to the long-term goals of the organisation. Further, it is important to know which skills are essential to perform well in a given job role. To meet these, it is important to have a competency framework.
A top competency framework not only addresses the skills and traits required for a job role but also helps streamline all associated HR processes. With the deployment of a competency framework, HRMs can have a 92% reduction in wrong hires.
Applying Competency Framework in Real Work Scenarios
With the help of a CVF framework, the below activities can be streamlined:
- Performance management of employees
- Set clear job expectations
- Provide feedback on achievements and areas for improvement
- Job drives, recruitments, and promotions
- Develop accurate job descriptions
- Design a tailored selection program
- Assess if a candidate is suitable for a given role
- Training and development programs
- Identify skill gaps in workers
- Develop targeted learning plans
- Evaluate the effectiveness of training programs available
- Tweak training programs to suit the demands of a specific job role
- Succession planning
- Identify candidates that have a high potential
- Plan for future vacancies in leadership positions
- Develop learning plans tailored to management roles
- Cultivate leadership skills in existing employees
- Map the career plans for existing employees
Benefits of Having a CVF Framework
A clear competency framework provides HRMs and team leaders with an effective way to assess, monitor, and develop the skills of every employee in the company.
When it comes to employees, a set CVF Framework provides the following:
- Clarity and a better understanding of job roles and assignments.
- Knowing which skills and traits are essential in career development.
- Better engagement with work and assignments.
- Identifying which skills they need to develop to be eligible for better job roles.
Further, by having a CVF Framework in place, organisations can do the following:
- A structured and well-formed performance management system.
- Enforce a data-driven and objective performance appraisal process.
- Efficiency in recruitments and promotions
- Fulfilling training gaps of all employees.
- Boost productivity by providing clear task descriptions.
- Improve communication between different levels of the organisation.
- Better talent management and succession planning.
Gauging the Adequacy of Your CVF Framework
At its core, a competency framework will facilitate fair reviews and streamline HR processes. To know if the competency framework in use at your organisation is meeting these goals, check out the following:
-
Does the Competency Framework Offer Regular Reviews, Feedback, and Assessment?
The competency framework you deploy at your workplace should gather inputs from both managers and workers regularly. Further, it should be able to meet HR tasks appraisals, recruitments, training and development, and more.
-
Will It Help Align Organisational Goals to Employee Goals?
The parameters accounted for should be in line with the goals of the company. Further, it should help employees identify which skills are essential for career growth in the specific industry.
-
Is It Flexible, Scalable, and Adaptable?
A top competency framework should be able to accommodate the growing workforce and industry demands.
-
Does It Allow Changes to Be Made?
Not all parameters accounted for by a given CVF framework will be necessary for an organisation. Similarly, the CVF framework being evaluated should account for all criteria that the organisation looks for in its employees.
Top Competency Framework Designs
To evaluate all employees in a given company, the below competency frameworks are the most popular:
-
Core Competency Framework
These list the basic traits and skills essential for performing well in a job role. Some of these are problem-solving, communication, teamwork, and adaptability.
-
Leadership Competency Framework
For a person to move on to leadership and management positions, they need traits like strategic thinking, delegation, and team motivation skills. These make up the basics of leadership competency skills.
-
Technical and Functional Competency Framework
Proficiency in a particular field and technical know-how are essential for a job. Thus, educational qualifications, skill training, and certifications form the core of technical competencies.
-
Behavioral Competency Framework
Empathy, communication, leadership abilities, ethics, and business acumen are all inherent behavioural competencies that are important to do a job well.
Deploying the Right Competency Framework for Your Company
The steps to follow when selecting a competency framework are as follows:
- Understand the goals you need to meet.
- Conduct a thorough job role analysis.
- Evaluate all available CVF frameworks.
- Set a budget for the framework.
To implement a competency framework that suits your organisation well, it should meet the below criteria:
- The scope of the CVF framework should meet all the goals of the organisation.
- It should be able to meet the above checklist.
- The cost of deploying the framework should be that set previously.
- It should have provisions for regular updates.
Only when a CVF framework meets the above criteria can it adequately suffice all the requirements of the organisation.
To Conclude: CVF Framework for Business Efficiency
A business is only efficient when the employees are so. Thus, this reiterates the fact that having a CVF framework in place is the need of the hour.
Evaluate the available top competency frameworks for you and deploy one that meets your business needs.