Those of you following us actively might notice that we strongly advocate for individuals to rely on themselves rather than on the company they work for.
It doesn't mean that your development solely relies on you.
Your company should invest in you to positively impact its business. The funding team, people partners and managers might feel morally responsible for your success and development. Many actually care and genuinely enable you.
But they kind of don't have any legal obligation.
It's also easy to be caught up on the day-to-day and deprioritize this topic.
It has been estimated that more than 60% of companies don't have standard competency mapping for their talents.
So, salespeople, how do you know where to focus on?
-If you don't know where you stand?
-If you don't know what's expected from you?
-And, more broadly, if you don't know what does the next step look like?
See a competency framework as a recipe for success.
It refers to the skills, attitudes, industry knowledge and process understanding required for the job.
It is generally composed of various levels of expectations, from junior to senior, from individual contributor to leader, from core skills to soft skills, from must-have to nice-to-have.
Here's a template for Account Managers.
There are many benefits in mapping your competencies:
In other words, it allows you to stay focused.
Having a competency framework is beneficial not only in your current role or even within your current company but also in preparing yourself to land your next big role.
You could even supercharge your competency framework with the Sailboat exercise (link).
If you're lucky and have a sales enablement team:
If you don't have an enablement team:
No, what's really hard is that it doesn't have a direct and measurable impact on performance, at least on the short term.
It also requires allocating time and having various stakeholders agree on something.
But more importantly, communication with the teams might be scary for any organisation at first glance. As an employee, ticking all the competency framework boxes doesn't mean that you'll necessarily get a salary increase or a promotion. Every company has its respective budgets and politics on that matter.
Here are a few practical benefits of having a competency framework from a manager's standpoint: