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Best Practices for Competency Development

In my last blog, I discussed how competency models are more important for effective talent management than ever before in a post-2020 world. In this blog, I will review best practices and considerations for competency development. Competency models provide a common lexicon, or framework, that describe what is needed for organizational success. With proper development…

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Post-2020 Human Capital: Why Competencies are More Important than Ever

Competency modeling has been a part of effective human capital strategy for decades but defining competencies through competency modeling is more important than ever before. 2020 was a critical point in our history for a myriad of reasons, but its impact on work is undeniable. COVID-19 has shifted the world’s approach to how and where…

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Mentorship: Back in the Spotlight

FMP has had a mentorship program (in some form) for over 15 years. But, like any program, it’s important to evaluate progress and make adjustments to keep things fresh and relevant. Overall, staff were happy with our mentorship program, but it had become something only mentioned during employee onboarding and occasional word-of-mouth. Earlier this year,…

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What Is Succession Planning and Why Do It?

Succession planning is essentially workforce planning targeted at a defined set of key positions. It is a future-focused process for developing a pool of talented employees to fill leadership roles in an organization and is a tool for managing human resources strategically. This blog will outline how succession planning can be done using a six-step…

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Making Training Stick: A Guide to Ensuring Transfer of Training

Benefits to training  Training provides employees with unique knowledge, skills, and abilities (KSAs) that add value to the organization and allow for high performance on the tasks that are necessary to achieve organizational success.1 Training benefits both employees and organizations through three different mechanisms. First, when employees engage in training, their new KSAs can increase organizational performance (e.g., profitability, effectiveness, productivity). Second, when organizations choose to invest in their employees, employees…

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