You talk about Timken’s “competencies.” What are those? 

• We define a competency as: “A set of related behaviors that underlie an associate’s ability to accomplish an objective.” 
• Competencies are important because having a workforce with a high level of competency increases the likelihood that Timken will achieve its objectives. 
• Therefore, competencies are 1/2 of the performance equation in today’s business world: Behaviors + Results = Performance.