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ACCA Applied Knowledge · Business and Technology · Competence frameworks and personal development

A company introduces a competence framework for its finance department. Which of the following best describes the main purpose of such a framework?

A competence framework sets out the knowledge, skills and behaviours needed for effective performance in each role. Organisations use it to guide recruitment, training and appraisal. It is not a pay scale based on service, a substitute for appraisals, or a financial record.

  1. ATo set out the knowledge, skills and behaviours required for effective performance in each roleCorrect
  2. BTo determine the salary scale for each employee based on years of service
  3. CTo replace the need for annual performance appraisals
  4. DTo record the financial results of each department

Explanation

A competence framework defines the knowledge, skills and behaviours needed to perform roles effectively. It is used for recruitment, training and appraisal, but it does not set pay by length of service, replace appraisals or record financial results.

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