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The Importance of Competency Model Development

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  • Aija Staškeviča
Abstract
Personal competencies are significant predictors of employee outcome. Nowadays, due to the rapid development of technologies and increased automation level, competency requirements have changed. Therefore, experts develop and make regular updates in the general competencies and in the specific competency models for each industry. In 2018, the European Commission developed the Council Recommendation on Key Competencies for Lifelong Learning, which defines the core competencies necessary to improve performance, to sustain current standards of living and to adapt to market changes. Competency models are particularly significant in order to produce innovations where the educational level and knowledge and the skills and attitude of employees are essential.The purpose of the research is to define the basic concepts of actual competency models and to determine the advantages of their development. This research is a literature review for building a literature background for the next stage of the investigation, which will be empirical research. The outputs of this research are four hypotheses on the influence of the practical application of competency models, including the use of competency models in the development and implementation of training programmes as a positive impact on learners' results and attitude. Use of general competency models does not ensure the implementation of fully-fledged competency-based training programmes in a specific area.The literature review has identified that the major advantages of the development and use of competency models are improved performance and evaluation system optimisation. It is essential for each industry to identify its own competency requirements although there are still specific industries in which competency models have not yet been fully developed. It is concluded that most of the research evidence on competencies is, nevertheless, related to medium and large sized companies and industrial plants. Different approaches are required to analyse and develop competency models depending on the company size.

Suggested Citation

  • Aija Staškeviča, 2019. "The Importance of Competency Model Development," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2019(2), pages 62-71.
    • Handle: RePEc:prg:jnlaop:v:2019:y:2019:i:2:id:622:p:62-71
    DOI: 10.18267/j.aop.622
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    References listed on IDEAS

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    1. Candace Blayney, 2009. "Management Competencies:Are They Related To Hotel Performance?," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 2(1), pages 59-71.
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      Keywords

      competencies; competency model; employee development;
      All these keywords.

      JEL classification:

      • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
      • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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