Competency Risk Management (CoRM) - Skills Market · Competency assessment is also a key element...
Transcript of Competency Risk Management (CoRM) - Skills Market · Competency assessment is also a key element...
Competency Risk Management (CoRM)
Some of the Benefits of Competency Management
Organizations are constantly looking for new ways to integrate people practices with business strategies and enhance overall company performance. Competency assessment is a key tool that enables organizations to identify the right people with the right skills, knowledge and performance. It also enables the allocation of the best resources for the business by matching employee skills and business requirements
Competency assessment is also a key element used in Learning and Development to identify skill gaps in staff and then provide the development required. Organizations are also increasingly using competency assessments in compensation and rewards system to achieve consistency and transparency.
Build a high performance workplace with Competency Risk Assessment
Ensures the right person with the right competency is in the right role
Identifies the gaps in skills, knowledge and performance where training is needed
Maps performance to roles and personnel
Identifies organization wide competency requirements and maps workforce to them
Supports development of organizational strategy for workforce development
Enables workforce planning to support Business Change Management
Ensures that workforce meet organizational requirements with compliance and correct skills – reducing workforce risk
Maps staff to correct levels of compulsory (and desired) compliance requirements and ensures automatic track of compliance across workforce
Staff
Training
Performance
Organizational
Strategic
Planning
Risk
Industry Compliance
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has over 130,000 employees and serves clients across 54 countries.
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About Wipro Technologies
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Wipro's Competency Risk Management Solution (CoRM) is based on Wipro's unique competency optimizing engine. The “Competency Optimizing Engine for Up-skilling Staff” (COEUS) has been developed by Wipro Technologies with our technology partner Eduworks. COEUS has been built using advanced Natural Language Processing (NLP) technology that “reads” documents and provides maps of competency for both individuals and the actual roles. The solution provides a new wave of features to tackle employee competency gaps; training needs and risk management for jobs demanding high level of competency and skills certification.
CoRM will enable customers to standardize their competency model, identify gaps in key positions and core skills, define the proficiency levels, as well as assign and track staff training. The solution will set a strong foundation for the organization and the extended enterprise by aligning the critical talent processes and supporting efficient business operations.
CoRM, The Wipro Solution
Risk Management DashboardUnstructured Document Parsing Competency Gap Analysis Training Gap Analysis Automated Evidence ValidationRight Integration Capabilities with HR and Learning Management System.
Key Features
ERP System
Employee Data
Unstructured Document:Resume, Evidence
Competency
Jobs
Jobs-Competency Mapping
Learning Management System
Competency TrainingDocuments
Competency-CourseMappings
Learner Training
Training Progress &Completion Data
Competency GapAnalysis
Risk Dashboard
Automated EvidenceValidation
Automated Training Validation
TrainingRecommendation
Unstructured DocumentParsing
WIPRO COEUS ENGINE
Semantic Analysis
Solution Landscape: Conceptual View of CoRM
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