describe the competency model of netflix or shopee Benefits of a Competency-Based System for Employers1. Ensures that organization-funded training and professional development activities arecost-effective, goal-oriented and productive2.Enables employees to achieve a high level of competence in an efficient mannerRecords the employee's acquisition of the skills, knowledge, safety and other proceduresrelating to each taskReduces cost overruns caused by poor performance or miscommunication of job expectationsImproves communication between employee and managementIncreases internal employee mobility, providing the organization with greater ability scale andflex as needed3.4.5.6.7.Establishes a framework for constructive feedback by management at scheduled training andperformance appraisal intervalsClarifies job standards for performance appraisalsOutlines employee development and promotional paths within the organization8.9.HittBenefits of a Competency-Based System for EmployeesSets clear performance expectations for employees, enabling them to make betterdecisions and work more effectively.1.Gives employees insight into the overall strategy of their team, department, andorganization, leading to greater engagement and motivationEnables employees to be more proactive beyond their individual roles, by learningadditional competencies that are valued by the organizationProvides clear direction for learning new job skillsOffers a reference resource for day-to-day requirements6. Increases the potential for job satisfaction7.2.3.4.5.Provides a mechanism for the recognition of employees' abilities8.Ensures that individual professional development and training milestones are recordedand acknowledged by the organizationFOUR (4) MAJOR TYPES OF COMPETENCY MODELSJOB COMPETENCY MODELS. Describe the behaviors, knowledge, and skills required forexceptional performance for any particular job.FUNCTIONAL COMPETENCY MODELS. Define the most important standards ofperformance for individuals within any function, (example: Sales, Marketing, Research andDevelopment, Operations, etc.1.2.owledge, and skills required forimportant standards ofkales, Marketing. Research and3.CORE COMPETENCY MODELS.Core competencies include the baseline skills required by the organization for allemployees; these are the basic things that employees must fulfill. This will vary fromcompany to company, as it depends on the values, philosophy and goals of each organization,but can include basic requirements like communication skills or teamwork. Most jobs require abasic element of being able to work with other people to some degree.4. LEADERSHIP COMPENCY MODELS.e organization for allII. This will vary fromnd goals of each organization,teamwork. Most jobs require aegree.d management related rolesloyee to lead others. Theybes.Leadership competencies are often used for supervisory and management related roles,although can be applied to any job position that requires an employee to lead others. Theyinclude leadership skills and behaviors like decision-making abilities.HitASSESSMENTDescribe the competency model of:a. Netflixb. Shoppeec. LazadaProvide the following:1. Executive Summary (100 words)2. Introduction (100 words)3. Body/ Content (300 words)4. Conclusion (100 words)5. Recommendation (200 words)6. References Competency is the capability to apply or use the set of relatedknowledge, skills, and abilities required to successfully perform'critical work functions' or tasks in a defined work setting.Competencies often serve as the basis for skill standards thatspecify the level of knowledge, skills, and abilities required forsuccess in the workplace as well as potential measurement criteriafor assessing competency attainment. Competence is a measure ofboth proven skills and proven knowledge.COMPETENCY MODELA competency model is a framework for defining the skill and knowledgerequirements of a job. It is a colection of competencies that jointly definesuccessful job performance.Competency models are widely used in business for defining and assessingcompetencies within organizations in both hard and soft skills. Theyrepresent a key component of recruitment and hiring, as well as talent andperformance management activities of HR departments.Competency assessments often help form the basis for training programsand learning content, both formal and informal.HittMHere are some of the ways that implementing the competencymodel benefits organizations:1.) Sets a concrete direction for workforce performance that alignswith organizational goals and strategies.2.) Enables HR to have a concrete understanding of all employeeabilities and skills.3.) Enables HR and Training to more accurately identify learning &development (L&D) needs.4.) Allows employees to take ownership of the skills and behaviorsrequired of them in their roles.HitmTeamworkPersonalEftectivenessASSESSINGLeadershipTechnicalKnowledgeA competency model is a guideline developed by a HumanResource department that sets out the specific skills,knowledge and behavioral requirements that enable anemployee to perform their job successfully.Competency models define what performance successshould look like within the organization for each individualjob. The model is applied to recruitment practices, talentmanagement, training and performance assessment.stionalMOH-COACHINGDEVELOPINGmuninsaycationConceptualCritical

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A competency model is a set of skills that determine great outcomes in a certain work situation.…