Earlier, in one of our posts, we talked about the practical benefits of implementing competency-based learning in an organization. Apart from that, we also mentioned the key concept of the learning approach.
In this article, we’ll be exploring how competency-based learning can help to boost business results.
Few ways competency-based learning can help to boost your business results
1- Employee productivity
To boost your business results through competency-based learning, you need to put a lot of factors into consideration. One such is to develop the right competency map for your organization.
As for the competency map, it requires you to document the behaviors, abilities, attitudes, skills, and knowledge, necessary to effectively operate in your specific profession.
One of the benefits of that is it helps to create standards for employee training and development.
So, if competency-based modules are created in bites, focusing on a specific skill, they help to improve your employees’ productivity. And with higher employee productivity, you can rest assured of a boost in your business results.
2- Growth and development
One of the benefits of creating the right and accurate competency map is that it helps the HR teams during the hiring process.
The team gets to understand the criteria needed to recruit and onboard. Besides that, they also get to understand the competencies to train and develop and the type of rewards that should go to high performers.
Since the HR function is one of the biggest costs in a company, it’s important for organizations to create the right map. That will help to increase the efficiency of the HR team.
3- Adaptability
Sometimes, most businesses fail to grow because their employees find it hard to get the specific training necessary for their growth. Of course, I’m not saying that organizations don’t offer the right training for their employees.
Instead, what I mean is that employees sometimes don’t get the chance to learn at their own pace.
Do you need your employees to learn a particular skill, but do not have enough time to set up a meeting for them? If that’s the case, creating competence modules is one of the best ways to cater to that.
They are self-paced and user-managed, making them easily adaptable for your employees to learn at their own pace.
4- Cost-effectiveness
One of the essential factors that organizations need to consider, to boost their business results is cost-effectiveness. Surely, you’ll agree that many larger training modules are costly to develop.
That’s because they don’t offer the ability to help segment the particular skill needed for employees to train. However, with a competency module, that is never a problem, as it focuses on a specific skill.
With competency-based learning, organizations can be able to save money, while also delivering the right training and development necessary to boost their business results.
5- Personalization
Another way through which competency-based learning can help to boost business results is through personalization of training content. By creating a competency module for your employees, they tend to get a clear curriculum for their development.
Initially, we spoke about how learning at one’s pace helps to boost business results. The same concept also works for personalized training and development.
That’s because some employees are better talented at specific skills than others. Besides, some employees also learn specific skills better than others.
With a competency-based learning approach, you can easily customize your training, tailoring it towards your individual learner’s needs.
Not only will this help to develop your employees, but will also have a massive boost in your business results.
6- Reduces liabilities and errors
Another way competency-based learning can help to boost business results is by reducing the often faced liability in the organization.
No doubt, liability can occur in a company as a result of several factors, including unfair HR practices and errors or mistakes from employees.
However, with competency-based learning, you need not worry too much about that. The learning approach helps organizations to set clear performance expectations, which overall will reduce the risk of subjective performance analysis and employee dissatisfaction.
Apart from that, it also helps to increase fairness in recruiting new employees, evaluation, and development. One thing that’s interesting about employee development is that it helps to bridge the gap between lower and higher performers.
Conclusion
The aim of competency-based learning is to help in the development of your employee performance. Interestingly, the learning approach can be paired with other organizational training, to deliver the best results.
So, by following the above-listed steps, you can be able to accelerate your business results.
