In a world of work that is constantly advancing, competency-based selection is on the rise as opposed to recruiting based on academic degrees.
There are even companies that position themselves as skill-based companies, but what does it imply in detail and what are the advantages of applying this methodology to your organization?
What is competency-based selection?
Competency-based selection is a method that evaluates candidates based on specific, demonstrable skills that are essential for a position, rather than focusing only on their academic background.
This approach differs from traditional selection methods by placing less priority on the academic and professional background of a candidate’s resume.
Instead, it focuses more on a candidate’s applicable skills and experience relevant to the position to be filled.
Benefits of competency-based selection
- Improved talent fit.
Ensures a more accurate alignment between the candidate’s skills and the needs of the position. - Resource optimization.
Reduce training time and costs by hiring people who already have the necessary skills. - Increased productivity.
Employees with aligned competencies tend to have superior performance and a faster learning curve. - Improved talent retention.
Encourages greater commitment and job satisfaction, which results in lower employee turnover.
Importance of competencies in today’s world of work
Skills have become the key to success in a labor market driven by innovation and rapid adaptation.
The skills gap that most companies most companies and the need to adapt to VUCA environments. VUCA environments environments underline the importance of a more flexible and direct recruitment approach.
This is highly relevant to the liquid talentwhich refers to professionals who are able to adapt and learn very quickly in a changing environment.
How to implement competency-based selection in your company
Integrating competency-based selection into your organization may seem challenging, but step by step you will be able to implement it effectively:
- Definition of key competencies: identify the essential skills required by the different roles within your company.
If you have doubts about this, mapping your talent can be a good starting point. - Evaluate key competencies: objectively measure these competencies during the selection process.
Our AI recruiting is a great ally for selection without human bias, it also extracts the candidate’s KTI, the value that will tell you which candidate is best suited to fill that position, from 0 to 100.
A KPI that no other tool in the market can tell you. - Training of the HR team.Make sure your team is trained in competency-based interviewing techniques.
At KTI, we support companies on this path with solutions that enable accurate and effective competency-based talent assessment.
The future of work is already here, and competencies are the protagonists. Is your company ready to face this change?
