Jadarat Definitions
A competency
can be defined as the set of behaviours or technical inputs and attributes that an incumbent must have or acquire to perform a job effectively.
A competency framework
is the basic structure underlying the collection of individual competencies required by roles in an organisation. It is an essential tool to define shared expectations of skills and performance.
The Unified Competency Framework for the Financial Sector
depict the common knowledge, skills, and abilities in an industry or sector. The resulting framework forms the foundation on which career pathways can be developed. Identifying knowledge and skill needs at the sector level supports the development of the workforce to be able to perform successfully. It is also a tool for developing and managing talent and human resource practices in various key sectors by contributing to the Financial Sector Development Initiative.