Best Practices for Competency Management:]

1. Integrate competencies into training and development programs.

2. Assess and building team competencies.

3. Reengineere performance management processes with competencies that account for the highest performance variance.

4. Determine the return-on-investment or economic value of competency initiatives.

5. Implement competency-based organizational transformation and change strategies.

6. Assess and develop leadership competencies.

7. Recruite and select top performers.

8. Implemente succession planning and executive development processes.

9. Strengthen functional or technical competencies.

10. Implement competency-based, multi-source (360-degree) assessment and development planning.

11. Link individual or team-based competencies with core competencies and strategic intent.

12. Design and implement a comprehensive competency-based system architecture and process.