Role of Competency Development in Employee Retention
The changing dynamics within the global workforce have forced companies to implement new innovative strategies to increase staff output.
Companies are directing resources planning towards improving the ability of members of staff to meet the optimal standards of an organization (Larson & Hewitt, 2005).
Numerous factors are outside the control of an organization such as governance and financial markets that hamper prospective growth.
However, companies can counteract the effect of external factors by placing value addition to their internal resources such as employee performance through techniques such as competency development (Scott, 2001).
Discuss the Role of Competency Development in Employee Retention
