The best replacement for competency is skill.

The best alternatives to competency are rated as following:
★★★★★  skill
★★★★★  capacity
★★★★  competence
★★★  capability
★★  proficiency
★★  insanity
★★  objective
★  competitive advantage
★  outcome
★  qualification
  incompetence
  cultural diversity
  incompetency
  job description
  training
  standard of proficiency
  computer literacy
  legal capacity

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Google Trends

Scale is based on the average worldwide traffic of competency in all years. Click on graph for more.
competency
skill
capacity