Competency Models' Return on Investment

2021 ◽  
pp. 136-145
Keyword(s):  
Return On Investment ◽  
Competency Model ◽  
Financial Resources ◽  
Competency Modeling ◽  
Organizational Competencies ◽  
Competency Models ◽  
The Right

When businesses invest in the competency model, they want to know they are putting businesses' financial resources in the right place. The literature and the evidence support the use of competency models. Those best-in-class organizations outperform their competitors when organizational competencies are in place for employees and the business has a valid competency model. The discussion that follows discusses executives' return on investment (ROI)—providing specific formulas relative to competency modeling. Finally, the discussion supports the reader through various resource tools for the executives to use and questions to be answered when examining competence-based ROI.

scholarly journals Who is the right person to look after the mentally retarded?

Curationis ◽  
1980 ◽  
Vol 3 (3) ◽  
Author(s):  
V. Ehlers
Keyword(s):  
National Health Service ◽  
Health Service ◽  
Residential Care ◽  
National Health ◽  
Mentally Retarded ◽  
Nursing Profession ◽  
Financial Resources ◽  
Mentally Handicapped ◽  
Set Up ◽  
The Right

A committee was set up in Britain in 1975 under the Chairmanship of Mrs Peggy Jay to look into the staffing of mental handicapped residential care in the National Health Service. Part of the task was to consider the Briggs Committee’s recommendation that “… a new caring profession for the mentally handicapped should emerge gradually”. The findings and recommendations of the committee were however radical and far-reaching, involving an enormous shift in financial resources and causing much concern and outcry from the nursing profession which considered the new category of care given as a threat to their existence.

scholarly journals Evaluating Return On Investment For Software Process Improvement Projects

2011 ◽  
Vol 1 (8) ◽  
Author(s):  
Daniel P. Shoemaker ◽  
Gregory W. Ulferts ◽  
Patrick T. Wirtz ◽  
Antonio Drommi
Keyword(s):  
Process Improvement ◽  
Return On Investment ◽  
Software Process ◽  
Software Process Improvement ◽  
Simple Approach ◽  
Decision Makers ◽  
Font Size ◽  
The Road ◽  
The Right ◽  
Blind Faith

<p class="MsoBodyTextIndent" style="text-indent: 0in; margin: 0in 0.5in 0pt;"><span style="font-size: 10pt; mso-bidi-font-style: italic;"><span style="font-family: Times New Roman;">This article presents a simple approach that will allow decision-makers to evaluate the return on investment of software process improvement prior to launching such an effort. Obviously, it will be easy to tell ten years up the road whether the right decision was made. But a CEO, or CIO contemplating laying out six, or seven figures for the additional personnel and resources to conduct SPI is not in a position to make that call and the wise ones will not be led into it by blind faith. The problem is assessing the risks and returns of such a project in terms and perspective that a non-technical decision-maker can understand. We believe our instrument serves that purpose. </span></span></p>

Proposals for Aligning Disaster Health Competency Models

2013 ◽  
Vol 7 (1) ◽  
pp. 8-12 ◽  
Author(s):  
Kenneth W. Schor ◽  
Brian A. Altman
Keyword(s):  
Public Health ◽  
Workforce Development ◽  
Building Blocks ◽  
Competency Model ◽  
Just In Time ◽  
Daily Routine ◽  
Test And Evaluation ◽  
Competency Models ◽  
Response And Recovery ◽  
Model Alignment

AbstractTo standardize the key building blocks of disaster health competency models (content, structure, and process), we recommend a reinterpretation of the research, development, test, and evaluation construct (RDT&E) as a novel organizing framework for creating and presenting disaster health competency models. This approach seeks to foster national alignment of disaster health competencies. For scope and completeness, model developers should consider the need and identify appropriate content in at least 4 broad areas: disaster-type domain, systems domain, clinical domain, and public health domain. The whole disaster health competency model should reflect the challenges of the disaster setting to acknowledge the realities of disaster health practice and to shape the education and workforce development flowing from the model. Additional issues for consideration are whether competency models should address response and recovery just-in-time learning and whether the concept of “daily routine doctrine” can contribute to disaster health competency models. The recommendations seek to establish a strategic reference point for disaster competency model alignment within the health workforce.(Disaster Med Public Health Preparedness. 2013;7:8-12)

Preparing the Right Physicians to be Exceptional Leaders in the 21st Century

2018 ◽  
pp. 56-70
Author(s):  
Kenneth R. Cohen ◽  
Kenneth Hanover
Keyword(s):  
Leadership Styles ◽  
Leadership Training ◽  
Return On Investment ◽  
Training Programs ◽  
Three Dimensional ◽  
Evidence Based ◽  
Alternative Strategies ◽  
Physician Leaders ◽  
The Right ◽  
Formal Leadership

This chapter describes evidence-based strategies found to most effectively maximize the Return On Investment (ROI) of physicians' formal leadership training programs. Recognizing that no two prospective physician leaders are exactly the same, formal leadership training programs cannot be most effective if these do not allow for organizational and situational differences as well as critical differences among physicians' demonstrated personalities and leadership styles. When selecting prospective physician leaders, the authors advocate for an individualized process which requires “Diagnosis Before Treatment,” “Three Dimensional Screening,” and the application of “More Effective Alternative Strategies” in order to avoid committing the “12 Deadly Sins.”

scholarly journals Building Foresight Capacity: Toward a Foresight Competency Model

2017 ◽  
Vol 9 (3) ◽  
pp. 123-141 ◽  
Author(s):  
Andy Hines ◽  
Jay Gary ◽  
Cornelia Daheim ◽  
Luke van der Laan
Keyword(s):  
Competency Model ◽  
Basic Question ◽  
Competency Models

This article introduces the Foresight Competency Model, which addresses the basic question of what one ought to be able to do as a professional futurist. It describes how other fields have used competency models to define what their professionals do, documents how the Association of Professional Futurists (APF) developed this model, explains the interrelated features of the model, and suggests ways that organizations can use the model to enhance the foresight capacity of their talent.

Public health preparedness and response competency model methodology

2013 ◽  
Vol 8 (1) ◽  
pp. 49-56 ◽  
Author(s):  
Elizabeth Ablah, PhD, MPH ◽  
Elizabeth McGean Weist, MA, MPH, CPH ◽  
John E. McElligott, MPH, CPH ◽  
Laura A. Biesiadecki, MSPH, CPH ◽  
Audrey R. Gotsch, DrPH, MCHES ◽  
...  
Keyword(s):  
Public Health ◽  
Core Competency ◽  
Competency Model ◽  
National Standard ◽  
Public Health Workforce ◽  
Public Health Preparedness ◽  
Training And Education ◽  
The Public ◽  
Competency Models ◽  
Control And Prevention

Objective: The Pandemic and All-Hazards Preparedness Act calls for establishing a competency-based training program to train public health practitioners. To inform such training, the Centers for Disease Control and Prevention and the Association of Schools of Public Health managed groups of experts to produce a competency model which could function as a national standard of behaviorally based, observable skills for the public health workforce to prevent, protect against, respond to, and recover from all hazards.Design: A systematic review of existing competency models generated a competency model of proposed domains and competencies.Participants: National stakeholders were engaged to obtain consensus through a three-stage Delphi-like process.Results: The Delphi-like process achieved 84 percent, 82 percent, and 79 percent response rates in its three stages. Three hundred sixty six unique individuals responded to the three-round process, with 45 percent (n = 166) responding to all three rounds. The resulting competency model features 18 competencies within four core learning domains targeted at midlevel public health workers.Conclusions: Practitioners and academics have adopted the Public Health Preparedness and Response Core Competency Model, some of whom have formed workgroups to develop curricula based on the model. Efforts will be needed to develop evaluation materials for training and education programs to refine the model as well as for future training and education initiatives.

scholarly journals Conversion of Website Users to Customers-The Black Hat SEO Technique

2018 ◽  
Vol 8 (6) ◽  
pp. 29 ◽  
Author(s):  
Rotimi-Williams Bello ◽  
Firstman Noah Otobo
Keyword(s):  
Search Engines ◽  
Return On Investment ◽  
Web Search ◽  
Brand Awareness ◽  
The Internet ◽  
Search Query ◽  
Web Based ◽  
Search Results ◽  
Rank One ◽  
The Right

Search Engine Optimization (SEO) is a technique which helps search engines to find and rank one site over another in response to a search query. SEO thus helps site owners to get traffic from search engines. Although the basic principle of operation of all search engines is the same, the minor differences between them lead to major changes in results relevancy. Choosing the right keywords to optimize for is thus the first and most crucial step to a successful SEO campaign. In the context of SEO, keyword density can be used as a factor in determining whether a webpage is relevant to a specified keyword or keyword phrase. SEO is known for its contribution as a process that affects the online visibility of a website or a webpage in a web search engine's results. In general, the earlier (or higher ranked on the search results page), and more frequently a website appears in the search results list, the more visitors it will receive from the search engine's users; these visitors can then be converted into customers. It is the objective of this paper to re-present black hat SEO technique as an unprofessional but profitable method of converting website users to customers. Having studied and understood white hat SEO, black hat SEO, gray hat SEO, crawling, indexing, processing and retrieving methods used by search engines as a web software program or web based script to search for documents and files for keywords over the internet to return the list of results containing those keywords; it would be seen that proper application of SEO gives website a better user experience, SEO helps build brand awareness through high rankings, SEO helps circumvent competition, and SEO gives room for high increased return on investment.

scholarly journals Quarter Modernization of Construction Residential "New Praga" in Warsaw - Risks and Possibilities/ Modernizacja Kwartału Zabudowy Mieszkaniowej „Nowej Pragi” W Warszawie, Zagrożenia I Możliwości

2015 ◽  
Vol 17 (2) ◽  
pp. 97-104
Author(s):  
Anna Majewska ◽  
Małgorzata Denis
Keyword(s):  
Quality Of Life ◽  
Young People ◽  
Local Community ◽  
Financial Resources ◽  
Level Of Education ◽  
The Social ◽  
The Right ◽  
The City ◽  
New Jobs

Abstract The district “New Praga” is located on the right-bank of Warsaw in North Praga which is one of the oldest districts of the city. The citizens of this district, where an analyzed building quarter is located, are people with a lower social status than the rest of Warsaw’s population, who benefit from the social assistance (30%); moreover, there are a large number of crimes and high unemployment among young people in this area. These data show how difficult is to modernize this area because the improvement of a construction tissue is not enough to fully help the local community. Financial resources are needed to increase the level of education that allows finding new jobs and improves the quality of life. Afterwards, the modernization of tenements should be taken care for.

scholarly journals THE CONTENT AND STATE OF LEGISLATIVE CONSOLIDATION OF THE LEGAL CATEGORY OF "FINANCIAL RESOURCES" AND ITS ELEMENTS

2021 ◽  
pp. 123-128
Author(s):  
N. Iakymchuk ◽  
Keyword(s):  
Trust Management ◽  
Foreign Currency ◽  
Financial Resources ◽  
Financial Assets ◽  
Legal Regime ◽  
Economic Relations ◽  
Important Trend ◽  
Main Component ◽  
Legal Concepts ◽  
The Right

The purpose of the work is to clarify the content and state of legislative consolidation of the legal category "financial resources" and its elements in Ukraine. To the research methodology belong: general scientific and special methods of cognition, in particular, system-structural, dialectical, formal-logical, and comparative-legal methods. The characteristic of the maintenance and forms of financial resources is given. It was found that the category of "financial resources" is the basic criterion for distinguishing funds from other types of resource funds (property, information, natural, labor, etc.), which achieve a certain goal, and their value is determined in cash (in national or in foreign currency). The paper distinguishes between the concepts of "funds" and "financial resources" as a form to which the relevant legal regime applies, and its substantive, essential content. The main component of financial resources should be recognized as financial assets – funds, securities, debt obligations and the right to claim debts that are not classified as securities. It is emphasized that "funds" is the main type of financial assets, a legal category, the definition of which, gives the differences in interpretation in various laws and needs to be improved. It is emphasized that the concepts of "financial resources" and "financial assets" are related as general and partial, because, firstly, financial assets do not include such resources as bank metals and precious stones, and, secondly, we do not include to financial such resources, the value of which is determined in foreign currency (in cash), which can be assigned by the owner of the property right to the organization formed by him or transferred to the trust management of another authorized entity. As a result of the analysis, it is proposed to include currency values in terms of financial resources, the content and types of which are also missing a single position in the legislation (there is a narrow understanding in the Law of Ukraine. It is noted that in view of the realities of economic relations development it is proposed to include virtual assets. An important trend is that the legal regime of the fund,to which financial resources are mobilized, leads to the consolidation of such financial and legal concepts as "public funds", "budget funds", "public financial resources".

scholarly journals Investment Efficiency Evaluation of Customer Relationship Management System: Theoretical and Practical Aspects of Return on Investment Methodology Application

2011 ◽  
Vol 9 (3) ◽  
pp. 221-228
Author(s):  
Regina Jasilionienė ◽  
Rima Tamošiūnienė
Keyword(s):  
Customer Relationship Management ◽  
Business Strategy ◽  
Return On Investment ◽  
Relationship Management ◽  
Customer Relationship ◽  
Investment Efficiency ◽  
Efficiency Evaluation ◽  
Crm System ◽  
The Right ◽  
Financial Measurement

Customer relationship management (CRM) has been increasingly adopted by companies as the core of IT – driven business strategy and firms have started to invest in CRM. However, the rate of successful CRM implementations is about 30%. Many enterprises pursue expensive CRM initiatives without first understanding of the challenges and costs involved. This approach often results in CRM projects that fail to meet measurable benefit objectives. Evaluating costs and benefits associated with CRM systems acquiring and implementation and applying financial measurement methodologies can help a company make the right CRM investments solution and build a compelling justification for its CRM project. Return on investment (ROI) financial measurement methodology, its theoretical and practical aspects are analyzed in this study. Authors of this paper provide a detailed list of CRM cost categories, which can assist an organization to easily calculate its CRM system acquisition and ongoing spending. Also the authors of this paper present survey results of CRM system costs and investment efficiency evaluation in Lithuanian companies.

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