An evidence-based study on competency adoption framework and assessing its impact on organisational performance. (9th February 2021)

• Record Type: Journal Article
• Authors: Misra, Yogesh; Kumar, Vibhash; Tripathi, Vanita
• Is Part Of: Global business & economics review. Volume 24:Number 2(2021)
• Page Start: 166
• Page End: 192
• Publication Date: 2021-02-09
• Subjects: competency adoption framework -- CAFRMW -- HR practices -- organisational performance -- structural equation modelling; Economics -- Periodicals; International economic relations -- Periodicals; 330.5
• Languages: English
• ISSNs: 1097-4954

Abstract

Companies have invested heavily in competency-based HR systems without having established guidelines on its implementation. This research studies the adoption of the competency framework in HR, along with perceived organisation performance (POP) and financial organisation performance (FOP). The study solicited research sample from the senior HR heads (N = 175) of equity index companies listed in recognised stock exchanges of India. This study proposes a competency adoption framework (CAFRMW) to measure the extent of adoption and evaluates the ability of CAFRMW to predict perceived and market-based performance measures effectively. The significant findings highlight that successful adoption of competency depends upon succinct documentation and formal communication of the same. Additionally, making competency accessible, contemporary, and training-appropriate is the key to success.