Title: An empirical investigation of the impact of benchmarking psychosocial competencies on talent development using SEM analysis

Authors: H. Shayrine; Pulidindi Venugopal

Addresses: VIT Business School, Vellore Institute of Technology, Vellore – 632 014, Tamil Nadu, India ' VIT Business School, Vellore Institute of Technology, Vellore – 632 014, Tamil Nadu, India

Abstract: The study starts with a definition of psychosocial competencies, which cover a wide variety of interpersonal, intrapersonal, and emotional skills necessary for successful functioning in the workplace. Based on current research and industry best practices, the comparative analysis examines the various benchmarking frameworks and approaches for psychosocial competencies. It examines the benefits and drawbacks of several strategies, including behavioural assessments, peer evaluations, and self-evaluations. The findings demonstrate the advantages of benchmarking psychosocial competencies in programs for talent development. These skills support enhanced teamwork, more employee engagement, and improved organisational performance. Data collection is online questionnaire is used to collect data. The sampling size used to collect for this study is 220. The paper also discusses potential obstacles to benchmarking psychological competencies, such as the subjectivity of assessments, the requirement for continual evaluation, and the significance of striking a balance between individual and organisational objectives. In this research, the authors find that benchmarking psychosocial abilities can reveal important information about how various organisations handle their talent.

Keywords: fourth talent management; frugal innovation; emotional intelligence; organisational performance; individual psychosocial skills.

DOI: 10.1504/IJWI.2024.139458

International Journal of Work Innovation, 2024 Vol.5 No.3, pp.292 - 309

Received: 26 Jun 2023
Accepted: 20 Sep 2023
Published online: 02 Jul 2024 *

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