Location analysis evaluates a location’s potential, namely in terms of labor market supply, labor costs, workforce demand, and competitors.
As part of any location analysis, organizations need to consider aspects such as:
The most common method for measuring a competency framework is a 360-degree assessment. In this method, employees first rate themselves on their performance at work. Second, superiors or managers are asked for employee performance feedback. Finally, the average of both assessments is taken to determine which areas employees should work on to become more effective.