The world is constantly changing. It always will be. But recognizing the nature of these changes and acting accordingly can be very crucial for any business to survive the uncertainty that exists. And thus, thriving in today’s fast changing world undoubtedly requires competencies and skills, not just to survive but also to stand out. Being in a dynamic and highly competitive business world, there is a continuous need to self-evaluate and update in order to stay in the race. Here, the need for competency mapping arises followed by a series of steps determining and evaluating the skills that are required. Therefore, it can be a challenging task for organizations to identify and enhance their own forces such that they are enabled to handle the challenges in different working situations.
“The only thing worse than training employees and losing them is to not train them and keep them.” – Zig Ziglar