Units of competency In business, competency standards describe what skills and information employees need to do their jobs well and how those skills and information should be applied. It's important to remember that any single talent consists of several components. Employability abilities:have a significant impact on a person's strong and fruitful interest in the workplace by adding to their non-specialized abilities and capabilities. Components inside a unit of ability: to show how a unit's skillset grows as a result of the experience gained, for example. Execution of rules: assess the level of execution required for a certain ability Required abilities and information: depict the essential skills and knowledge required to perform well in the workplace