Currently, workforce leaders are highlighting the importance of preparing students with the abilities demanded and recognized by the industries . This issue matters to both organizations and academic institutions. The former seeks to find persons with the right knowledge and competencies for developing a job position for two main reasons: improve organizations’ performance and increase the satisfaction and the retention of employees . The latter, looks to prepare professionals with high possibilities of being hired, as nowadays education is seen as an investment that must have a return . In the US, only 11% of business leaders are strongly agree that students have the right skills to do well in a labor environment . To solve this problem, a proper Competency Based Education (CBE) model for new professionals could contribute to the cause.
It is essential that students acquire not only the specialized knowledge, but also the needed skills to apply it and succeed in a highly demanding and ever changing world . This would be the main contribution of universities, the education of individuals with the right competencies to contribute to the present and future labor environment .
CBE is considered by academics as an option to face these challenges ; it is defined as an educational system or program that measures knowledge, skills, and experience in place of or in addition to the use of credit hours . The purpose is to make a beginner, in this case a student, becomes an expert in a specific field .
The main characteristics of CBE are: an emphasis on results, a focus on development of abilities, the demonstration of competency mastery rather than time based teaching and the student as a learning unit . This scheme of education focuses on evaluate students regarding what they are able to do for the society .
CBE approach is not new; disciplines such as medicine, psychology and engineering have already a history in the field . Organizations such as Alverno College, Excelsior College and Thomas Edison State College developed CBE programs in the 1970s . Today, it has evolved and many universities and colleges have joined this initiative  .
This educational method, which has proven to be successful as there are more than 52 programs just in the US already using different variants , is considered a disruptive innovation that will continue revolutionizing Higher Education . Current courses under CBE offer flexibility and allow students to learn at their own pace. The individuals can assess the acquisition of a competency when they are feeling ready. New cost models have been developed  . CBE is not a trend, it has arisen from the needs of the society with the main objective of give additional value to both students and organizations . It is seen as the missing link between learning outcomes and industry needs .
The outline of this paper is as follows: in Section 2 introduces the concept of competency. Section 3 presents a model of the basic competencies for students. Section 4 shows the CBE and occupational trends. Finally, Section 5concludes the paper.
2. Competency: An Overview
The first step for implementing a CBE initiative is to understand what a competency is. This term has a variety of definitions  in both educational and business context. There is lack of consensus among researchers regarding the different aspects constituting this word . It is considered multidimensional, dynamic and with a developing identity, strongly influenced by the context in which it is used .
The UN General Secretary from 1997 to 2006, Kofi Annan, defines competency as a combination of skills, attributes and behaviors that are directly related to successful performance on the job . In an educational framework, a competency will specify what students can do after completing a program. The focus is on the performance and the demonstration of their abilities .
An own definition of competency is: A student’s competency contains three elements: knowledge, skills and attitudes/values. These components are integrated to perform a specific activity, with measurable outcomes, that clearly indicate what the student is able to do. A competency comprises a set of resources and talents an individual has to perform a particular task.
Competencies can be categorized as disciplinary or transversal. The former, as the name suggests, comprises those competencies that are particular of a discipline. The latter, which are also known as generics, are those competencies common to the different fields of study, e.g. critical thinking, effective communication, ethics, etc. , and facilitates the acquisition of the other ones. In some cases, a single course can contain a mix of the above competencies.
The way graduates are taught by Higher Education Institutions (HEI) has a big influence on developing significant competencies. When the aim is to develop the aforementioned abilities, the graduates learn by doing, using and interacting .
CBE requires specific and nontraditional teaching methods . Repetition and memorization of information do not allow students to understand the challenges and problems of this century. It is advisable to teach with learning experiences that stimulate them in developing the skills demanded by the industrial market .
The CBE teaching methods should allow students to be self-directed learners, practice what is taught and receive training activities that matches with their learning style . These activities require continuous practice, as the acquirement of competencies is an ongoing process; this will ensure that the new skills are strengthened and will move to the long term memory. Competency development in students is an incremental process .
Competency development is a function of the personal attitudes of the students plus the resources provided by the HEI, such as an effective teachers mentoring . Using techniques and resources to promote competencies such as: minutes writes, presentations, case studies, think-pair-share, socratic questioning, debates, notes exchange, online assignments, lectures for initial competencies training, videos, laboratories, field works, individual or group projects, expert talks, in-class group discussions, role playing, online forums, games, participation in conferences as speaker, organize seminars, field trips and creative, cultural and volunteer activities. Besides, social media is a nontraditional source to learn new capabilities. A student could follow industry leaders to identify what they are reading or obtain time management tips. He could also search for infographics to get an idea on how to improve data presentation and make it more appealing .
One of the main characteristics of CBE is the continuous evaluation required to verify that the competencies are being developed . A person is competent on a task, by seeing her performs it . CBE assessment is perhaps more challenging than the traditional model; it requires gathering and analyzing diverse information, testing the student repeatedly and offering a personalized attention, which demands significant time .
Evaluation of competencies allows to determine the level of acquisition, encourages learners to work to achieve the goals, develops self-correction and continuous learning abilities, and modifies or improves the strategies based on the results .
CBE assessment methods include: published papers, tests, projects, scoring rubrics , metacognitive reflection, portfolios , learning journals, self-appraisal, peer evaluation  and Behavioral Observation Scales (BOS) . Software to track competencies are gaining momentum . There are available tests to measure learning outcomes in a more accurate manner, such as, Comprehensive Assessment of Team Member Effectiveness, Leadership Q-sort Test and Leadership Ability Test, Test of Oral Communication Skills, California Critical Thinking Skills Test, Graduate Record Examination test, Test of English as a Foreign Language, and General Innovation Skills Aptitude Test.
Organizations with needs of specialized resource devote important efforts in their selection processes to attract the best candidates, those that will make important contributions to the business, organizations use formal assessment methods  such as Cognitive Ability Tests, Job Knowledge Tests, and Personality Tests.
3. Basic Competencies
The important transversal competencies were grouped in four categories based on similarities related to the expected outcomes in the performance of the students:
1) Personal performance: contains competencies will aid students to have a major impact in any context in which he works, such as, cross-cultural communication, effective communication, self-taught, world knowledge, personal management, crisis management, leadership, team-working, and networking.
2) Ethics and legality competencies will help students to proceed with integrity and within the law, such as, humanism and civic engagement, legal, sustainability, professionalism and ethical practice.
3) Supporting competencies will improve the job performance, such as, information technology, technology, argument construction, entrepreneurship, and virtual competency.
4) Intellectual competencies will ensure the work will be done correctly and with excellence, such as, critical thinking, creativity, innovation, constructing knowledge, research, decision making, problem solving, analysis capacity, and intellectual risk.
The development and adoption of CBE has been evolutionary and revolutionary. It was originated by pioneering countries such as United States, Australia and United Kingdom. Nowadays, Finland, Canada, New Zealand, Sweden, Singapore and China are some of the nations that have implemented it with major achievements. There is no consensus about the number of universities that have applied CBE to their degree programs. The main reason could be that, to date, there is no agreement about what is exactly this approach; besides, the quantity of providers is increasing rapidly . Main discussions in CBE focuses on programs in which students learn content and, at the same time, develop the competencies. The credits are earn once they demonstrate the dominance of both issues. Alverno College follows the traditional system in which students learn the new material and do not move to the next one until they have understood the content. They must demonstrate the acquisition of competencies only before graduation. In Western Governors University, students earn the class credits as long as they master the competencies; learners take the assessments when they feeling ready . Universities are finding difficulties in adopting a full CBE approach. They have different levels of implementation based on the availability of resources and the positioning/transitioning strategies .
The main up to date CBE practices are: 1) The number of transversal competencies vary from 6 to 10, 2) The generic competencies most often developed are: effective communication, critical thinking, lifelong learning, cultural knowledge, problem solving, global perspective, ethics, decision making, diversity, team working and technology literacy, 3) The majority of organizations offer online learning besides on campus traditional format; the blended option is also available, 4) Teaching methods are focused on experiential learning, 5) Competencies are taught in two forms: in specific courses, and embedded in the curriculum, 6) Assessment methods used to analyze if the student has achieved the learning objectives include standard tests, assignment grades, portfolio, rubrics based on evidences, observation of the learner behavior and student self- assessment, and 7) In some cases, achievement of competencies are reported with a pass or not pass grade.
New demanded professions have been developed in the last ten years. It is estimated that 75% of children entering in primary school will have jobs that today do not even exist. It is probable that more than one third of the current desired skills by employers will be replaced by abilities not yet considered as important .
To detect in advance the needed competencies of the future labor market, it is necessary to be aware of what is going on globally and what is expected to occur. Six of these expected changes are_1) Technological advances will lead to a big amount of data that must be systematized to find patterns and take advantage of this knowledge, 2) There is an increment of collaboration between organizations for innovation purposes , 3) 36% of jobs across all industries will demand complex problem solving skills, 4) It is expected a shift in the way of working, becoming more interconnected and network oriented , 5) Labor environments will become multicultural, due to globalization, and multigenerational, four generations working together , and 6) Organizations must be able to adapt fast to new market demands and customer needs that result from changing environments.
CBE is gaining space rapidly in the global educational market. It seems it has had an organic growth as it aids to solve one important challenge: the shortage of individuals with the competencies demanded by current and future industries. This learning approach measures the knowledge, skills and experience the students acquire during a training period. It is focused on results. It ranges from formats in which competencies are taught and evaluated apart from the curriculum, in specific courses, to those in which, to gain the degree, the student must demonstrate solely the know-how acquired. The competencies that universities must develop are diverse and depend on the needs of the different economic sectors. Some of the generic competencies to promote are: effective communication in different languages, team working, ethical practice, humanism and civic engagement, virtual competency, information technology, critical thinking and problem solving. Learning activities are more experientials and require that the students have a deep involvement. Evaluation is more personalized and, in some cases, somewhat subjective, depending on the appreciation of the mentor. Many universities use standard tests and a mix of assessment methods with the aim of obtain more accurate results. The future looks promising to CBE since it is based in the needs of a fast changing society.
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