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What Is Competency Mapping? Your Ultimate 2023 Guide

AIHR

This is where a competency map can benefit organizations and employees. A skill matrix can help assess how equipped a team is to complete a specific project, whereas a competency matrix can help organizations see how an individual’s competencies can benefit the workplace and use competency mapping in performance management.

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Your A-Z Guide of HR Acronyms & Abbreviations

AIHR

BIK: Benefits In Kind Benefits In Kind (BIK) refer to any non-monetary compensation that employers provide to their employees. HR acronym usage example: “Examples of a BIK include healthcare benefits, meal vouchers, retirement plans, childcare assistance, and accommodation.”

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