The Case for Competencies
The current ThoughtPiece on our web-site takes a look at one of the critical differentiators in organisational performance and answers the question:
“Why do some companies outperform their return to shareholders by 22%?”
Research has found that Companies in the top 20% of talent management practices outperform their industries ‘mean’ return to shareholders by 22 percentage points. The significant common-factor? Many of these companies are using Competency frameworks as the foundation of their talent management practices. As one example The Lominger Leadership Architect Competencies are currently being used by nearly half of the Fortune 500 companies and over 13,000 customers in 63 Countries.
What do typical Senior Managers & Executives look like?
Lominger’s research is continuous; the data is augmented by customers using the competencies in their own 360° surveys and the validity grows and provides new insights. Here is a list of 12 competencies for successful executives:5 they tend to be good at and 7 of them are what senior people tend to be worst at. Try our quiz to see if you can correctly identify the top 5 and the bottom 7 with prizes for the first and second correct submissions.
Have a look at our ThoughtPiece
Have a go at the Competency Quiz
OR
If you would like to learn more about how your organisation could use competencies and their derivative application tools you are invited to attend:
The Lominger 2006 UK Forum and Certification Event
at the Institute of Directors in Reading; October 9th–11th. The Forum is for prospective and existing users. It features presentations on the latest research, including a new researched application for Succession Planning. It also includes User Presentations and four Certification Workshops on Lominger’s Leadership Architect (Using Competencies), Lominger’s Voices 360° Competencies Survey, the Choices Architect for identifying and developing High Potentials and Team Architect for Team Development.
Please click on the links below to obtain more details or complete a booking form.
For more Lominger 2006 Forum Information
For on line booking: http://www.lifetransition.co.uk/public-training.htm
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