 
Successful corporations today understand that how it achieves results, through human capital development, is critically important to creating competitive advantage. How companies develop and manage their employees’ knowledge and skills will determine it’s eventual growth and profitability.
In order for companies to successfully design and build systems that support the highest levels of capital development, it must first understand it’s core competencies. Competencies has been defined by Avilar in their article, People Are Critical to Success, as “a set of behaviors that encompasses skills, knowledge, abilities, and personal attributes that, taken together, are critical to successful work accomplishment.”
Once an organization defines its core competencies, it must ensure that a system for observing and measuring outcomes is in place. In addition, an ongoing process for change management must be in place that addresses feedback, learning, and process flexibility. A learning culture must be of prime importance to top leadership and must flow throughout the organization. Responsiveness to cultural and climatic change within the industry must be identified quickly, specifically, and accurately to reduce the margin of error for profitability and growth.
Bay Centre assists their clients with their performance management practices by helping to create, design, and implement a program that:
- Identifies the goals and mission of the organization
- Conducting a job analysis
- Performing a gap analysis that matches the job roles with the company’s goals, mission, and core competencies
- Setting performance standards based on the gap analysis and executive 360 profiles tied to the company’s competencies
- Understanding corporate and leadership skill gaps assessed and identifying resources needed to close leadership gaps
- Coaching leaders, emerging leaders, and the organization toward their goals by creating goal alignment
The benefits derived from these programs include:
- Improved recruiting techniques
- Saving the company time and money
- Ensuring correct job fit
- Matching skills to project requirements which reduces overall risk and leverages underutilized talent
- The creation of Career and Personal Development Plans using competency management systems
- Executive coaching for performance enhancement, increased self-awareness, and team leadership
For more information on setting up a free corporate exploratory, call us today.
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