Employees with the right competencies and skill sets are key to a company’s success. Continuously building employee competencies and upskilling your workforce with knowledge of the latest technologies and trends is crucial to generate unparalleled value for a business. Moreover, companies focusing on competency building often succeed in talent acquisition and employee retention using an advanced tool like a learning experience platform, or LXP.
Let’s delve deeper into what employee competency management is and why it is important before understanding how an LXP platform can help competency building for your organization.
Employee competency management is the process of building knowledge, skills and abilities(also known as KSA) that contributes to increased employee performance and leads to better business results. Employee competencies are defined and benchmarked based on the job role and department. For example, a research analyst needs competencies like critical thinking, knowledge of data warehousing, fact-checking, analytical skills, etc., to deliver expected performance.
Employees’ competencies are bifurcated into three main categories:
It is challenging to find talent with all the required competencies, so L&D professionals need to identify the gap and promote competency building over time through upskilling.
Upskilling employees with essential competencies can help in future-proofing the organization to deliver value amidst uncertainties. The right competencies ingrain a sense of responsiveness to act quickly in unexpected and ambiguous situations.
These are some of the most important benefits of mapping and building core competencies.
Many organizations have relied on a traditional LMS for training employees. However, this age-old technology fails to serve as an effective learning platform for competency-based training. Harnessing a more advanced learning technology, like the Learning Experience Platform (LXP) is essential for competency mapping and upskilling employees at scale.
The most important reason behind this is that an LXP enables you to provide personalized learning to build individual competencies for your employees. This personalized approach takes upskilling to a whole new level.
Along with competency building, an LXP also allows you to stay up-to-date on the latest skill trends, track employee learning progress in real-time, and show learners a clear path to growth for their role and proficiency levels.
An innovative learning experience platform will also enable you to:
LXP has captured the attention of CLOs and CHROs worldwide with its extensive capabilities to elevate employee upskilling and development. P Swasono Satyo, Chief Human Resource Officer, Sinarmas Group, Indonesia, shares how leveraging LXP platform enabled them to drive competency building at scale in the organization.
In this video, he explains how leveraging an AI-powered LXP boosted their upskilling initiatives and helped provide a global experience to learners by curating meaningful content in less time. For more insights, check the full conversation of the L&D expert with Sunita Arora, Learning and Development, Advisor and Strategist.
Debashree is an adept Content strategist, curator, and our go-to for all things content at Disprz. She is a part of the Content Marketing team and handles content around enterprise learning and skilling for our website and social media. Debashree also spearheads the creation of our high-quality thought leadership content, our Purple papers. With a rich background working with B2B and B2C organizations in health tech, ed tech, hospitality, and more, she currently focuses on curating informative content around generative AI, skilling, and learning. Debashree boasts a distinguished career with over 6 years of expertise in content management. She holds a degree in Aeronautical Engineering from Visvesvaraya Technological University, Karnataka.
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