Competency management helps organizations achieve optimum employee performance by determining 'fit' based more on behaviors that best match the organization. Fitting the right person to the right job clearly paves the way to competitive advantage. The Aberdeen study offers insight into this assessment-based solution and whole lot more.
Waco, TX (PRWEB) September 18, 2007
Profiles International announced today that they have co-sponsored an Aberdeen Group study documenting the significance and business impact of competency management on global enterprise.
Competency management is a concept linking talent management to how organizations define skills and behaviors needed to optimize workforce performance. In Aberdeen's report, extensive research highlights how companies currently utilize competency management to create a more productive workplace. This informative report also offers recommendations to improve competency management efforts in order to achieve a competitive advantage in the labor market.
"Our study shows investments in competency management deliver tremendous business value," explains Kevin Martin, Research Director Human Capital Management at Aberdeen. "Companies deploying best-in-class competency management strategies realize a competitive advantage."
The report indicates best-in-class companies have achieved results from competency management investments showing that employee performance increased 89 percent, revenue per employee increased by 63 percent and employee turnover decreased approximately 75 percent.
Jim Sirbasku, CEO Profiles International, concurs with Mr. Martin, "Competency management helps organizations achieve optimum employee performance by determining 'fit' based more on behaviors that best match the organization. Fitting the right person to the right job clearly paves the way to competitive advantage. The Aberdeen study offers insight into this assessment-based solution and whole lot more."
To check out the importance of investing in competency management to engage, grow and retain a high-performing workforce visit Aberdeen Benchmark Report: Competency Management
About Aberdeen Group
Aberdeen, a Harte-Hanks Company, is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions.
About Profiles International, Inc
Profiles International is the world's leader and innovator in selecting and developing high-performance workforces. Profiles does this through innovative human resource management solutions and a comprehensive suite of employment assessments which help companies worldwide gain a competitive advantage by hiring, retaining and developing great talent. Profiles is the preferred choice of many of the largest companies because of the quality of its products and services, and because they revalidate and update their diverse collection of employment assessments. For more information about Profiles suite of human resource management solutions, visit our website at Profiles International