Competency gaps refer to the differences between the skills and knowledge that employees currently possess and those required to perform their jobs effectively. These gaps can arise from various factors, such as changes in technology, evolving industry standards, or shifts in organizational goals. Identifying these gaps is crucial for organizations to ensure that their workforce remains competitive and capable of meeting future challenges. To address competency gaps, organizations often implement training and development programs. These initiatives aim to enhance employees' skills and knowledge, aligning them with the needs of the company and the industry. By closing these gaps, businesses can improve performance, increase employee satisfaction, and foster a culture of continuous learning.