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What does 'Competency Management' mean?

Competency management is a crucial feature within any software, designed to support organizations in effectively managing their employees' skills, abilities, and knowledge. It plays a vital role in succession planning and helps to ensure that the right people are in the right roles to achieve organizational goals. The primary purpose of competency management is to create a standard and structured way of defining and measuring an individual's skills and potential. It enables HR professionals and managers to identify skills gaps, assess performance, and devise realistic development plans for

Software with Competency Management functionality