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Suppose you work at Acme doing your usual: fooing the bars. Now you are promoted and this means you have a new competency: you will be bazing the quxes as well. Therefore you have the new responsibility that all quxes are bazed in due time and you are supposed to propose new quxes as well. To make sure you can perform your new duties, you are given new powers: you may prioritize the quxes to baz as you see fit, and also you may assign some quxes to your colleagues.

Did I use the the words competency, responsibility and powers correctly?

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    Not really a SWR. But, I would suggest authority instead of power. – jxh Oct 24 '17 at 7:59
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    Competency is not something that is granted on promotion, but something that was recognized and justified the promotion. A wily manager once told me: A promotion usually doesn't mean a role change, but a recognition you are already performing that role. – jxh Oct 24 '17 at 8:19
  • What words can I use then? When I give someone a new responsibility and adequate authority to go with it, what is the "whole package" called? – vektor Oct 24 '17 at 8:30
  • Depending on the scope, it is a task, role, or project. The promotion should indicate successful fulfillment. – jxh Oct 24 '17 at 8:38
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Competency is not really proper here. Instead I would use duty (an action or task required by a person's position or occupation; function) or commission (a task or matter committed to one's charge; official assignment).

The use of responsibility is fine, but I'd recommend following it with to ensure that instead of simply that.

Instead of new powers I would probably use new capabilities (the quality of being capable; capacity; ability).

(All definitions taken from dictionary.com)

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