Use a Competency Library to Build a Talent Management System

A competency library is a critical foundation for building an integrated talent management system. In the Talent Management Handbook (2010 second edition), authors Kim Ruyle and Evelyn Orr state that the value of competencies is proven to positively impact both mission and financial return-on-investment. Agencies that use a comprehensive competency library to build their integrated talent management system are able to realize human capital and budgetary gains.