What is core competency in SAP LOD-HCM - Human Capital Management onDemand?

SAP Term: core competency

• Component: LOD-HCM

• Component Name: Human Capital Management onDemand

• Description: A guideline describing how employees are to conduct themselves in achieving their professional objectives. Applied and inherited core competencies give the company competitive advantages.

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• Key Concepts: 
  Core competency is a term used in SAP Human Capital Management (HCM) onDemand to refer to the skills, knowledge, and abilities that are essential for an employee to perform their job. It is used to identify the areas of expertise that are most important for a particular job role. 
  
  How to use it: 
  In SAP HCM onDemand, core competencies are used to assess an employee’s performance and potential. They can be used to identify areas of improvement and development, as well as to measure an employee’s progress over time. Core competencies can also be used to create job descriptions and set goals for employees. 
  
  Tips & Tricks: 
  When creating core competencies for a job role, it is important to consider the specific tasks and responsibilities associated with the role. This will help ensure that the core competencies accurately reflect the skills and abilities required for the job. Additionally, it is important to review and update core competencies regularly in order to keep them up-to-date with changing job roles and responsibilities. 
  
  Related Information: 
  For more information about core competencies in SAP HCM onDemand, please refer to the official documentation here: https://help.sap.com/viewer/product/LOD-HCM/onpremise/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html