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Increased use of technology and globalization are enhancing job complexity across many occupations, resulting in a growing gap between the skills, competencies, and education of the current workforce and the skills and behaviors needed in the future.
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Among the wide range of organizational processes related to retaining high-performing employees, corporate competencies have become a focal point, helping successful organizations understand where to focus resources such as incentives, coaching, and training programs. By clearly identifying the right competencies, organizations can make sure they are recruiting and managing talented people in the most strategic way, putting the right people in the right jobs with the abilities to perform at their maximum potential every day.