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Businesses are always searching for effective ways to attract top talent and motivate employees. A competency matrix is one such tool that provides a structured approach to evaluating and managing talent. It offers organizations a clear, realistic understanding of employee capabilities, which is especially valuable in a rapidly changing and competitive environment.
Unlike a skills matrix, which focuses on cataloging hard and soft skills, a competency matrix goes further by incorporating the 360-degree feedback method. This method gathers insights from colleagues, managers, and other stakeholders, offering a comprehensive view of an employee’s abilities. By using this feedback, organizations can uncover