Future-Proofing Talent: Competency Models for Emerging Roles in Sri Lanka

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Introduction

As Sri Lanka’s economy undergoes rapid transformation with the rise of new technologies, industries, and business models, the demand for a skilled and adaptable workforce has never been higher. In this setting, Competency HR Theory offers a framework for identifying and developing the unique skills, knowledge, and behaviors necessary for success in new jobs. Competency models are critical for future-proofing personnel, ensuring that individuals possess the skills required to prosper in dynamically changing circumstances.

 

Figure 1


Understanding Competency HR Theory

Competency HR Theory highlights the link between human resource strategies and the specific skills, behaviors, and knowledge required for effective job performance. Competencies are the fundamental attributes that enable individuals to perform well in a position, and they range from technical abilities to soft skills like leadership, communication, and problem-solving. Competency models are simply a tool that HR professionals use to determine the unique abilities necessary for different tasks, evaluate employee performance, and build development programs to bridge skill gaps. (ITD World Vietnam, 2024)

 

Figure 2

The Role of Competency Models in Emerging Roles

As fresh industries and roles arise, businesses in Sri Lanka must determine the talents that will drive future success. The growth of businesses such as digital startups, renewable energy, and e-commerce has generated a need for a new set of talents, ranging from high technical capabilities to soft skills such as creativity and flexibility. Traditional competence models, which may have concentrated on physical or operational activities, are no longer enough to meet the demands of today's workforce.

To satisfy the needs of the digital economy, Sri Lankan technology businesses are increasingly focused on digital competences such as programming, data analysis, and cybersecurity. Similarly, organizations like as Hela Apparel Holdings are using competence models that value both technical abilities in design and production as well as soft skills such as teamwork, creativity, and sustainability in order to remain competitive in the global marketplace.  (Hela Apparel Holdings PLC, 2024) (Hela Apparel Holdings PLC, 2023)

Organizations may better analyze their present talent pool and discover skill or behavior shortages by mapping out the unique requirements of new jobs using competence models. This information enables HR teams to establish focused development plans, such as training programs, mentorship, and coaching, to guarantee that employees can meet the changing needs of the workplace.


Competency-Based Recruitment and Development in Sri Lanka

In Sri Lanka, an increasing number of firms are implementing competency-based recruiting and development processes to guarantee that their employees are prepared for the future. Competency-based recruiting is determining the fundamental abilities necessary for success in a certain position and then evaluating candidates against these competencies using structured interviews, assessments, and psychometric testing.

Figure 3

For example, the telecommunications industry use competency-based exams to attract candidates for emerging positions in IT, digital communications, and cybersecurity. By concentrating on competences like as problem-solving, technical expertise, and communication skills, SLT guarantees that its staff is prepared to face future technology problems. Furthermore, competency-based development programs focus on providing employees with the necessary abilities for their present and future responsibilities. Sri Lankan bankers utilize competence frameworks to create tailored career development paths for their workers, recognizing training gaps and providing certifications in areas like as digital banking, leadership, and customer relationship management. This focused strategy guarantees that staff are constantly upskilled and ready for new possibilities within the firm.


Addressing Skill Gaps and Promoting Lifelong Learning

To future-proof talent in Sri Lanka, competence models must not only focus on the skills necessary for developing positions, but also foster a culture of continuous learning. As sectors change, the competences necessary for success will fluctuate, and individuals must be proactive in upgrading their abilities to stay competitive.  Sri Lankan companies can support lifetime learning by providing chances for continual professional development, such as online courses, workshops, and certifications. This method helps to close the skills gap and allows individuals to take control of their professional development. Furthermore, when firms adopt competence models, they can leverage data-driven insights to measure progress, identify skill gaps, and adapt learning opportunities to individual requirements. (Stimpson, 2024)

Figure 4


Conclusion

As Sri Lanka's economy grows more technologically advanced and varied, competence models provide a valuable tool for future-proofing talent. Organizations may guarantee that their workforce is equipped to face future problems by aligning HR policies with the skills, knowledge, and attitudes necessary for developing jobs. Competency-based recruiting, development, and training programs are critical for eliminating skill gaps and preparing individuals to compete in fast-changing sectors. Prioritizing competences allows Sri Lankan firms to remain competitive, develop a culture of continuous learning, and build a resilient workforce capable of meeting future needs.

 

 

 


References

Hela Apparel Holdings PLC, 2023. Annual Report, Colombo: Hela Apparel Holdings PLC.

Hela Apparel Holdings PLC, 2024. Annual Report, Colombo: Hela Apparel Holdings PLC.

ITD World Vietnam, 2024. HR Competency Model Analysis: Elevating HR Practices for Success. [Online]
Available at: https://www.linkedin.com/pulse/hr-competency-model-analysis-elevating-practices-success-aukoc
[Accessed 22 11 2024].

Stimpson, D., 2024. What is a Skills Gap Analysis & How to Conduct One. [Online]
Available at: https://www.thomas.co/resources/type/hr-blog/what-skills-gap-analysis-how-conduct-one
[Accessed 23 11 2024].

 

Comments

  1. Vinod PrasannaNovember 23, 2024 at 1:54 AM

    his is an excellent deep dive into the importance of competency models for the evolving job landscape in Sri Lanka! As industries transform and new roles emerge, focusing on the right skills and behaviours will be essential for future success. It’s great to see companies embracing competency-based approaches to recruitment and development, ensuring their teams are ready for the challenges ahead. Promoting a culture of lifelong learning will be key in closing skill gaps and fostering adaptability. Excited to see how this approach will shape the workforce of tomorrow!

    ReplyDelete
  2. Mohamed AqeelNovember 23, 2024 at 3:24 AM

    This is a well-structured and insightful analysis of Competency HR Theory’s role in shaping Sri Lanka’s workforce for a transforming economy. It effectively highlights how competency models address skill gaps, align HR strategies with industry needs, and promote lifelong learning. The use of real-world examples, like SLT and Hela Apparel Holdings, adds depth and relevance. Overall, it presents a strong case for adopting competency-based frameworks to future-proof talent and ensure Sri Lankan organizations remain competitive in dynamic markets.

    ReplyDelete
  3. Kenneth ReithNovember 23, 2024 at 5:06 AM

    As Sri Lanka navigates the challenges of a rapidly evolving global economy, future-proofing talent becomes essential for businesses aiming to remain competitive. competency models play a crucial role in shaping how companies in Sri Lanka can adapt to emerging role and skill requirements in the workforce.

    ReplyDelete
  4. Dileesha SansiniNovember 23, 2024 at 8:46 AM

    This shows that competency models are vital for equipping Sri Lanka's workforce to thrive in a rapidly changing economy. By focusing on skill alignment, competency-based strategies help close skill gaps, promote continuous learning, and enhance adaptability, enabling organizations to remain competitive and resilient in evolving industries.Great ideas..!

    ReplyDelete
  5. kaushi blogNovember 23, 2024 at 9:09 AM

    Competency models align HR strategies with necessary skills for emerging roles, ensuring Sri Lankan businesses address skill gaps, foster continuous learning, and develop adaptable talent for a competitive future workforce.

    ReplyDelete
  6. M I M IfhamNovember 23, 2024 at 9:12 AM

    Great post ! Competency models are a crucial tool for ensuring Sri Lankan businesses have the talent needed to thrive in rapidly changing industries.

    ReplyDelete
  7. Nilantha Rukshan November 23, 2024 at 10:45 AM

    This article provides a comprehensive and insightful approach to future talent through skill models in Sri Lanka. The emphasis on aligning HR strategies with emerging skills is crucial to prepare the workforce for the evolving demands of the economy. Great insight!

    ReplyDelete
  8. Chathu Udari WidanapathiranaNovember 23, 2024 at 11:30 AM


    Excellent analysis of how competency models can future-proof Sri Lanka's workforce! Your focus on continuous learning and adapting to emerging roles is crucial for maintaining a competitive edge in the evolving economy.

    ReplyDelete
  9. Fathima Saaraah SinnalebbeNovember 23, 2024 at 12:07 PM

    Insightful post! Competency models can drive workforce resilience and align HR strategies with the evolving needs of Sri Lanka's growing economy.

    ReplyDelete
  10. Sathsanda Wettewe November 23, 2024 at 8:08 PM

    This insightful article highlights the importance of competency models in future-proofing Sri Lanka's workforce, fostering continuous learning, and driving resilience in an ever-evolving economic landscape.

    ReplyDelete
  11. Koshala SubasingheNovember 24, 2024 at 1:28 AM

    Competency HR Theory helps Sri Lankan businesses identify key skills for emerging roles, ensuring workforce adaptability through competency-based recruitment, development, and continuous learning, vital for long-term success in a dynamic economy.

    ReplyDelete
  12. Naveeth LuckshanNovember 24, 2024 at 6:40 AM

    Well said! Competency models serve as a key enabler to keep organizations ahead of the curve in an evolving economy. There is a linkage in HR strategies with future skills and building a culture of continuous learning that helps in rendering the workforce resilient, agile, and able to adapt to rapid changes in technology and industry demands. In such a way, their long-term competitiveness and growth will be assured through this pro-active approach.

    ReplyDelete
  13. Ayodya ManageNovember 24, 2024 at 9:03 AM

    Excellent information! As the economy of the country expands, firms must employ effective modeling to get ready for the difficulties waiting ahead. Long-term resilience and a culture of lifelong learning require competency-based work, training, as well as individual growth.

    ReplyDelete

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