5 Benefits of a Competency Profiling Study

The Competency Profiling Study is a powerful tool for identifying the gaps or differences in competency levels based on the way employees rate themselves compared to their colleagues. 

This study is commonly used by companies to find common areas of strength that they can continuously build on, and areas of improvement that they may need to address. 

Here are some key benefits of running your own company profiling study: 

It primarily creates a general profile of your employees according to job family, role, or level.

The initial results of a benchmarking study is a profile of the respondents. With this, you can easily see the general or categorical profile of your employees. Their strengths and weaknesses, or their top and bottom competencies can be seen as a whole group. Also, it can help you see how far these profiles are compared to what is initially expected for the role/level.

It creates a specific profile of your employees per job family, role, or unit.

Competency results can also be viewed in different perspectives. The profile can be further classified through job levels, teams, divisions, down to single-person profiles. Knowing this will let you target more of the competencies you need to develop considering the type of roles or groups that they are in.

Additionally, you can also use your employees' top performing profiles to recruit the best external talents to fill in the gaps in roles needed by your company. These new recruits will help accelerate the development of your current group and their competencies.

It identifies your employees’ key strengths and development areas.

A profiling study allows you to gain insights of your employees’ top and bottom competencies. These will serve as an easy map in monitoring your employees' growth and development. Looking into their strengths and weaknesses will help you learn what you need to prioritize as a group.

The study enables you to compare your talent’s existing strengths versus the target success profile.

This is one of the main goals of the study and also serves as its main benefit. Through this, you will determine the gap between your target success profile versus the current employees' profiles.

It will let you identify how far certain competencies of your current employees are from the competencies of the benchmark. Then it could guide you in developing a tailored fit strategy on how you could improve your talents according to their immediate needs and what the role needs.

It allows you to monitor employee’s potential and manage improvements.

After analyzing the profiles and determining how different they are from the benchmark, you can now move on to your next steps. This study helps you craft the best development plans for your employees. Through it, you can now target and pinpoint what competencies need to be developed further and what needs to be retained. It will also enable you to guide your employees in improving themselves at work to maximize their true potential. 

Employees are one of the best assets of an organization. Knowing how to develop them is the best tool to help your company grow and help the employees themselves reach success.