A COMPETENCY-BASED APPROACH TO TALENT ACQUISITION AND WORKFORCE MANAGEMENT
Using a competency-based approach to talent acquisition and workforce management can benefit your business in many ways.
Competency-based assessment can:
enable your business to attract and foster the behaviours and skills it values and needs to achieve success and sustainability
help you to hire the most qualified individual for the job from your pool of candidates
help you more easily assess the skills of internationally educated/trained professionals, which can widen the pool of qualified candidates
decrease costs of employee turnover, by helping you to hire the right fit the first time
help you to identify your company’s workforce skills gaps, so that training can be targeted, efficient, and cost-effective
Internationally Educated and Trained Professionals (IEPs/ITPs) have many valuable skills to offer Canadian businesses, but employers often find understanding foreign education and work experience challenging. Employers may have difficulty determining whether individuals trained abroad have the specific skills or competencies required to do particular jobs.
Competency-based assessment tools can assist you with understanding any candidate’s prior education and work experiences, including those gained abroad, and help you discover whether specific credentials translate into particular required on-the-job technical skills. Competency-based assessment can also help you evaluate candidates’ soft-skills, such as communication and “people” skills, in a more objective and unbiased manner. The resources found here will get you started on your way to maximizing the benefits of competency assessment and will provide you with some tools, tips and templates, which should make the process user-friendly, efficient and effective.
While engaging in a competency-based approach to hiring and workforce management may require one to invest some added time and resources in the beginning, if done correctly, it will save employers time and money later on. Over time, cost savings can be seen in terms of reduced employee turnover, reduced training costs, and improved business outcomes as a result of hiring the right talent for the job. Similar to how many businesses invest in the right equipment or location, employers should realize the benefits of investing in talent management and hiring the right fit. Employees are often the most important aspect of a business and can make or break a company; therefore, it is a worthwhile investment just like many others that fall to the bottom line.
Download Hiring and Retaining Skilled Immigrants: A Cultural Competence Toolkit
This toolkit provides suggestions and resources to assist in hiring and retaining skilled immigrants. Along with tips and tools, it provides references at each step to assist the recruiter. This guide encourages recruiters to reflect upon cultural biases, and lays the groundwork for ensuring that skilled immigrants and employers realize their shared professional potential despite their differing backgrounds.
To access this toolkit, click here.
i-SkillSuite® Automated Competency Assessment and Talent Management Tools
Competency-based Management is quickly becoming the best practice for HR management. HRSG’s job competencies and easy to use management tools will increase the effectiveness of your business by advancing the skills of your employees, increasing employee engagement, and improving organization productivity.
i-SkillSuite® offers small, medium and large sized organizations a significantly easier to use and highly configurable system that matches your organizational needs, not the other way around!
Competency-based assessment tools allow you to get the right people, at the right time, with the right skills. i-SkillSuite® will help you in:
Identifying workforce risks and improving skills.
Empowering employees to take charge of career development opportunities.
Knowing you top performers and identify them early.
Learn more about i-SkillSuite® www.hrsg.ca/i-skillsuite
Human Resources Systems Group (HRSG) Material
The "Integrating Internationally Trained Individuals without Reinventing the Wheel" report discusses Competency-based Talent Management (CBTM) and the importance of effectively integrating skilled immigrants into the labour market. To read this report, click here.
Click here to access information about HRSG's i-SkillSuite software. This software supports the strategic management of talent from hire to pre-hire. This suite is designed to work with your existing human resources infrastructure.