We are thrilled to share that FMPers and Society for Industrial and Organizational Psychology (SIOP) members Nate Voss, Marni Falcone, Risa Witherow, Natasha Tenreiro, and Mike Camburn have co-authored a SIOP white paper that can now be accessed through SIOP’s website.
The white paper, entitled Competency modeling: An essential practice for the future of strategic human capital management, demonstrates how organizations can leverage competency modeling to better prepare for the future of work and set up their strategic human capital systems for future success. Given the ever-changing and increasingly volatile nature of work, it is important for organizations to leverage human capital processes and/or methods that are both adaptable and evidence-based. Competency modeling is one such method and refers to the process of identifying the set of knowledge, skills, abilities, and associated behaviors that employees need to achieve high performance and meet an organization’s strategic objectives. The flexible and efficient nature of this method make it particularly appealing given the rapidly changing nature of work and need for adaptability and agility in the modern workplace. This white paper explores what competency modeling is and its many benefits, how it can be leveraged across the human capital lifecycle (e.g., personnel selection, training, success planning) and used to inform other increasingly important workforce concerns (e.g., hybrid work, emerging technologies such as artificial intelligence), and concludes with an accessible set of best practices that can help practitioners leverage competency modeling within their own organizations.
While adapting to the challenges posed by the future of work can be daunting, this white paper serves as a valuable, evidence-based resource for practitioners who are interested in using competency modeling to address such challenges.