The Transpiring Journey of Competence Based Human Resource Management: A Literature Review
Keywords:
Competence, Employees, Human Resource Management, OrganizationAbstract
In today’s knowledge driven, technology based and competitive business environment, the survival and growth of organizations largely depend on competence of their human resources. Competence is regarded as one of the most important resources and the chief source of competitive advantage as well as the key to organizational success. Implementation of competence based policies, programs and strategies by organizations would facilitate judicious and optimum utilization of their resources, thereby, paving the way for sustainable competitive advantage. The development of competence both at the individual and organizational level can act as a catalyst for achieving the goals and objectives of an organization. The present study intends to summarize the concept of Competence based human resource management and its related aspects primarily through a review of existing literature. The study revealed that properly designed and professionally implemented competence frameworks and models by organizations can enhance the selection, development, promotion, compensation and career development processes to meet the needs of both individuals and organizations. The study is believed to serve as a valuable tool for researchers to understand the current scenario of competence based human resource management on a single platform and take this research area forward. It is equally important for human resource managers and practitioners for the professional management and development of their personnel. Moreover, the study makes a significant contribution to the existing body of knowledge in the area of human resource management and organizational behavior.
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