A definition of the various knowledge, skills, and abilities to be assessed together with their observable behaviors is referred to as Competence.
Competency is the measurement and observance of various skills, knowledge and attributes that aims to enhance an employee's performance and success of the organization.
There are various components associated with competency - knowledge, skills and individual qualities. Individual qualities are the characteristics of a person which he has acquired from life's experiences.
Competency helps a person to increase his capabilities. It help in setting up the short term and long term goals. It helps to focus on the way to achieve success. It helps in improving the performance of a person.
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