The Fintech Talent Development,Competency, and Manpower Study

The Fintech Talent Development, Competency, and Manpower Study 65 Establishing Core Competencies for Fintech Establishing a Set of Universal Core Competencies for the Fintech Industry Exhibit 24 Competency model development Characteristics of Core Competencies for the Fintech Industry One key characteristic of our framework is that it focuses on identifying competencies relevant to the industry as a whole. It is intended to be applicable to all organizations in the fintech industry regardless of their scale, expertise, business nature, and organization life cycle, etc. Organization-specific requirements can be influenced by the business segment they operate, as well as conditions unique to their own organization. Highly individualized competency requirements diminish their relevance to others in the same industry, and thus were not included. Another key characteristic of an industry-level competency model is the exclusion of specifications for each competency’s proficiency level. Proficiency levels are characteristically designed to align with the specific culture and grading structure of a specific target organization and are less useful in an industry competency model. Strategic Priorities Capability Requirements Talent Implications Workforce Planning Source Performance Management Employee Engagement Learning and Coaching Leadership Development Recognition Programs Rewards & Incentives Career Development Employer Brand Recruiting & Selection Succession Planning Reward Align Develop Competency