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Transcript of Ceo talent sustainabilitywalsh
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2008 Center for Creative Leadership. All rights reserved. 1
Richard WalshSenior Faculty & Executive Coach
Center Connection- Austin, TX
Talent Sustainability: Frameworks and Tools for Developing Organizational Capacity
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2008 Center for Creative Leadership. All rights reserved. 2
Number of more jobs available then peopleto fill them because of retiring Baby Boomers.
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2008 Center for Creative Leadership. All rights reserved. 3
Percentage of students graduating withscience and engineering degrees in the
United States, Germany, and Japan is in the single digits.
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2008 Center for Creative Leadership. All rights reserved. 4
The global war for talent is fierce and growing fiercer. In our view, global companies are undergoing a transition in how people are valued. Once thought primarily in terms of cost, people in successful global companies are valued as rich sources of talent, skill and diversity, which are critical to the success of the enterprise.
~ Price Waterhouse Coopers10th Annual Global CEO Survey
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2008 Center for Creative Leadership. All rights reserved. 5
Biggest Human Capital Challenges of the Future
1. Succession Planning
4. Engaging & RetainingTalented Employees
2. Providing leaders with the skillsthey need to be successful
3. Recruiting & Selecting talented employees to fill positions
Source: SHRM Foundation 2007
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2008 Center for Creative Leadership. All rights reserved. 6
Aligning Succession Management with the organizations talent management
systems and practices.
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2008 Center for Creative Leadership. All rights reserved. 7
The work of designing and implementing the strategies, culture, systems and processes needed for
Talent sustainability is an organizations ability tocontinuously attract, develop, and retain people withthe capabilities and commitment needed for current and future organizational success.
Talent Management
talent sustainability.
Talent Sustainability
talent sustainability.
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Strategy
Culture
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2007 Center for Creative Leadership. All rights reserved.
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Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
tLearning &
Developm
ent
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& Succession
Rew
ard
&R
ecog
nitio
n
Performance
Management
2007 Center for Creative Leadership. All rights reserved.
-
Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
tLearning &
Developm
ent
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& Succession
Rew
ard
&R
ecog
nitio
n
Performance
Management
Talent Sustainability
MetricsMetrics
2007 Center for Creative Leadership. All rights reserved.
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Rew
ards
&R
ecog
nitio
n Learning &D
evelopment
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& Succession
Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
t
Performance
Management
Talent Sustainability
Metrics
Metrics
Critical Talent
Identification,
Development,
& SuccessionIdentifying what type of talentis most critical to implementingthe organizations strategy,continuously developing thattalent, and moving it into roleswhere it is most needed.
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Com
pete
ncy
Dev
elop
men
t &D
eplo
ymen
t Learning &D
evelopment
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& Succession
Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
t
Performance
Management
Talent Sustainability
Metrics
Metrics
Learning &D
evelopment
Creating opportunities for employees to enhance their capabilities and connections with others in the organization in order to improve job performance, career advancement, organizational commitment, and organizational performance.
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Rew
ard
&R
ecog
nitio
n Learning &D
evelopment
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& Succession
Rewa
rd &
Reco
gnitio
n
Performance
Management
Talent Sustainability
Metrics
Metrics
Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
t
Delineating the competencies needed in employees and using the resulting competency models across talent processes.
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Rew
ards
&R
ecog
nitio
n Learning &D
evelopment
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& Succession
Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
t
Performance
Management
Talent Sustainability
Metrics
Metrics
KnowledgeManagement
Developing and making accessible the shared knowledge, expertise, and collective wisdom across the organization.
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Rew
ards
&R
ecog
nitio
n Learning &D
evelopment
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& Succession
Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
t
Performance
Management
Talent Sustainability
Metrics
Metrics
Performance
Management
Setting performance standards, monitoring employee performance, providing feedback and support for performance improvement, and exiting employees who cannot meet standards.
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Com
pete
ncy
Dev
elop
men
t &D
eplo
ymen
t Learning &D
evelopment
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& Succession
Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
t
Performance
Management
Talent Sustainability
Metrics
Metrics
Rew
ard
&
Rec
ogni
tion
Using formal and informal rewards to align employee behaviors and activities with organizational strategies and to build a committed workforce.
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Rew
ard
&R
ecog
nitio
n Learning &D
evelopment
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& Succession
Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
t
Performance
Management
Talent Sustainability
Metrics
Metrics
Sourc
ing &
Recru
iting
Developing reliable sources of talent for the organization and practices for attracting that talent to the organization.
-
Rew
ards
&R
ecog
nitio
n Learning &D
evelopment
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& Succession
Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
t
Performance
Management
t
Talent Sustainability
Metrics
MetricsExecutive
Commitment &Engagement
Senior executives who believe that talented employees are critical for organizational success, who are directly involved in talent management work, and who ensure that their organization has effective talent management practices in place.
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2008 Center for Creative Leadership. All rights reserved. 20
How engaged and committed are YOUR senior executives?
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2008 Center for Creative Leadership. All rights reserved. 21
Percentage of time executives spendengaging in talent management activities
relative to other executive responsibilities.
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2008 Center for Creative Leadership. All rights reserved. 22
Talent Orchestration represents a senior executives ability and personal involvement in leading talent management processes and outcomes to ensure the sustainable utilization of human capital assets.
Orchestrators
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2008 Center for Creative Leadership. All rights reserved. 23
Instructions: Use the following rating scale to respond to each item: 1=STRONGLY DISAGREE 4=slightly agree 2=Disagree 5=Agree 3=slightly disagree 6=STRONGLY AGREE
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2008 Center for Creative Leadership. All rights reserved. 24
O r g a n iz a t io a n l T a le n t M a n a g e m e n t E f f o r t s
1 . T h e B o a r d h a s id e n t i f ie d ta le n t m a n a g e m e n t a s a t o p p r io r i t y .
2 . T h e C E O , o r m o s t s e n io r e x e c u t iv e , a n d to p m a n a g e m e n t te a m a r e c o m m it te d to ta le n t m a n a g e m e n t .
3 . T h e C E O , o r m o s t s e n io r e x e c u t iv e , a n d to p m a n a g e m e n t te a m in v e s t th e ir t im e in t a le n t m a n a g e m e n t .
4 . D e v e lo p in g ta le n t is a s h a r e d r e s p o n s ib i l i t y b e tw e e n e x e c u t iv e s , h u m a n r e s o u r c e s , a n d l in e m a n a g e r s .
5 . T h e o r g a n iz a t io n s ta le n t d e v e lo p m e n t p r a c t ic e s a r e d ir e c t ly l in k e d to b u s in e s s s t r a te g y .
6 . T h e r e is a c le a r a n d c o m p e ll in g r e a s o n f o r t a le n te d in d iv id u a ls to jo in th e o r g a n iz a t io n .
7 . T h e r e is a c le a r a n d c o m p e ll in g r e a s o n f o r t a le n te d in d iv id u a ls to s ta y in th e o r g a n iz a t io n .
8 . F o r m a l p e r f o r m a n c e m a n a g e m e n t p r o c e s s e s a r e in p la c e to id e n t i f y a n d r e v ie w th e o r g a n iz a t io n s to p t a le n t .
9 . T h e o r g a n iz a t io n p r o v id e s f o r m a l d e v e lo p m e n t o p p o r tu n it ie s to s u p p o r t e m p lo y e e s .
1 0 .T h e o r g a n iz a t io n c h a l le n g e s h ig h p o te n t ia l e m p lo y e e s w it h d e v e lo p m e n ta l a s s ig n m e n ts , r o le r o ta t io n s , a n d /o r c r o s s f u n c t io n a l e x p e r ie n c e s .
1 1 .T h e o r g a n iz a t io n h a s id e n t i f ie d a n d d if f e r e n t ia te d th e c r i t ic a l c o m p e te n c ie s n e e d e d f o r t r a n s it io n in g in to e a c h le v e l o f m a n a g e m e n t / le a d e r s h ip r e s p o n s ib i l i t y .
1 2 . T h e o r g a n iz a t io n e f f e c t iv e ly m e a s u r e s th e im p a c t o f i t s ta le n t m a n a g e m e n t in i t ia t iv e s .
1 3 . T h e o r g a n iz a t io n s r e c o g n it io n a n d r e w a r d s y s te m s e n c o u r a g e ta le n t m a n a g e m e n t .
1 4 .T h e C E O , o r m o s t s e n io r e x e c u t iv e , a n d to p m a n a g e m e n t te a m e n c o u r a g e s le a d e r s to s h a r e ta le n t a c r o s s t h e o r g a n iz a t io n .
1 5 . T h e o r g a n iz a t io n is t r a n s p a r e n t in p r o v id in g in f o r m a t io n a b o u t s u c c e s s io n p la n s .
1 6 . T h e o r g a n iz a t io n h a s a c u ltu r e o f d e v e lo p m e n t a n d g r o w th f o r e m p lo y e e s .
1 7 . M e n to r s a n d /o r c o a c h e s f o r m a lly w o r k w i th h ig h p o te n t ia l e m p lo y e e s in th e o r g a n iz a t io n .
7 0 .2 %
7 5 . 0 %
6 1 . 4 %
8 3 .7 %
5 8 .1 %
6 4 .7 %
6 8 .5 %
6 9 .6 %
6 9 .5 %
4 6 .7 %
3 2 . 0 %
1 7 .5 %
3 6 .9 %
5 0 .0 %
1 8 . 4 %
4 6 .2 %
2 6 .7 %
1
2
3
4
5
6
7
8
9
1 0
1 1
1 2
1 3
1 4
1 5
1 6
1 7
1 81 5 .0 %
% A g r e e m e n t ( A g r e e & S t r o n g ly A g r e e )
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2008 Center for Creative Leadership. All rights reserved. 25
Orchestrators In Action
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2008 Center for Creative Leadership. All rights reserved. 26
E x e c u tiv e T a le n t M a n a g e m e n t E ffo r ts
1 8 . I a m h e ld p e rs o n a lly a c c o u n ta b le fo r d e v e lo p in g ta le n t in m y o rg a n iza tio n .
1 9 . I a m d ire c tly in v o lv e d in id e n tify in g ta le n t in m y o rg a n iza tio n .
2 0 . I a m a c tiv e ly in v o lv e d in re v ie w in g th e p ro g re s s o f h ig h p o te n tia l e m p lo ye e s .
2 1 . T h e re is a t le a s t o n e s u c c e s s o r id e n tif ie d fo r m y p o s itio n .
2 2 . I p ro v id e d e v e lo p m e n ta l o p p o rtu n itie s to h ig h p o te n tia l e m p lo ye e s .
2 3 . I u s e s tre tc h a s s ig n m e n ts , a c tio n le a rn in g , o r re a l life c a s e s tu d ie s to d e v e lo p e m p lo ye e s .
2 4 . I h e lp e m p lo ye e s le a rn fro m th e ir m is ta k e s .
2 5 . I a m fo rm a lly m e n to r in g a t le a s t o n e h ig h p o te n tia l e m p lo ye e .
2 6 . I p ro v id e o n g o in g d e v e lo p m e n ta l fe e d b a c k to im p ro v e e m p lo ye e p e rfo rm a n c e .
2 7 . I b e lie v e th a t d e v e lo p in g ta le n t w ill le a d to im p ro v e d o rg a n iza tio n a l p e r fo rm a n c e .
2 8 . I h o ld m y d ire c t re p o rts a c c o u n ta b le fo r ta le n t m a n a g e m e n t.
2 9 . M y d ire c t re p o r ts re g u la r ly e v a lu a te th e ir ta le n t.
3 0 . M y d ire c t re p o r ts h a v e id e n tif ie d a t le a s t o n e h ig h p o te n tia l e m p lo ye e .
3 1 . M y d ire c t re p o r ts a re m e n to r in g a t le a s t o n e h ig h p o te n tia l e m p lo ye e .
3 2 . M y d ire c t re p o r ts m a k e fo rm a l re c o m m e n d a tio n s to m e a b o u t th e ir h ig h p o te n tia l e m p lo ye e s .
5 2 .7 %
8 2 .0 %
7 1 .2 %
5 0 .0 %
7 0 .1 %
5 0 .0 %
7 7 .7 %
5 0 .0 %
7 1 .2 %
9 7 .8 %
6 3 .6 %
6 1 .9 %
6 5 .8 %
3 4 .8 %
5 3 .3 %
1
2
3
4
5
6
7
8
9
1 0
1 1
1 2
1 3
1 4
1 5
1 61 5 .0 %
% A g re e m e n t (A g re e & S tro n g ly A g re e )
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2008 Center for Creative Leadership. All rights reserved. 27
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2008 Center for Creative Leadership. All rights reserved. 28
Talent Acceleration represents a senior human resource, training and development, or organizational development executives ability and personal involvement in driving talent management processes and outcomes to ensure the sustainable utilization of human capital assets.
Accelerators
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2008 Center for Creative Leadership. All rights reserved. 29
In addition to improving the quality of the talent and leadership, reducing the readiness to lead cycle time, and improving people processes, talent acceleration involves alignment of people systems and processes and influencing critical outcomes in order to achieve talent sustainability.
Accelerators
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2008 Center for Creative Leadership. All rights reserved. 30
Rating Instructions Thinking about yourself as a people executive please rate the extent to which you agree with the following statements. Please put an X in the one box that best represents your level of agreement Rating Scale SD=STRONGLY DISAGREE D=Disagree sd=slightly disagree sa=slightly agree A=Agree SA=STRONGLY AGREE
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2008 Center for Creative Leadership. All rights reserved. 31
Accelerators In Action
High potential talent can be found on key position succession plans
The organizations critical roles have been identifiedand defined, and successor candidates are being
actively developed for each critical role
Assessing executive talent and emerging talent
Help managers get a clearunderstanding of who their critical talent is and why
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2008 Center for Creative Leadership. All rights reserved. 32
Being a Strategic Influencer
Are Accelerators positioned to optimally facilitate theassessment of critical talent needed for the business?
Are the critical talent we have identified the righttalent based on the changes that are going on
with the organization?
I Influence the executive team to link talent to business strategy.
I have engaged at least one senior leader in aconversation about how they are impacting
the organizations talent management process.
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2008 Center for Creative Leadership. All rights reserved. 33
Talent AccelerationEngaging in Strategic Thinking
Assessing Where We Are
Strengths: What internal capabilities or assets give the organization a competitive advantage? In what ways does the organization serve its key internal and external stakeholders?
Weaknesses: What internal capabilities or assets is the organization relatively ineffective or inefficient at performing or possessing, or so limited in capacity as to put it at a competitive disadvantage? In what ways does the organization fall short in serving key internal and external stakeholders?
Opportunities: What conditions or possible future conditions in the external environment might give the organization a competitive advantage and enhance achievement of its vision if taken advantage of?
Threats: What conditions or possible future conditions in the external environment might put the organization at a competitive disadvantage and inhibit achievement of its vision if steps are not taken to minimize their impact?
SWOT Analysis
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2008 Center for Creative Leadership. All rights reserved. 34
SWOT Conversations
Someone two levels senior to you
Someone from a different functional area
Someone with a reputation for creative business thinking
A manager with a reputation for being solid and level headed
What were the points of agreement?
What were the points of disagreement?
What did you learn from your own insight and appreciation for your organizations strategic situation?
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2008 Center for Creative Leadership. All rights reserved. 35
How do YOUR line managersinfluence the development of talent?
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2008 Center for Creative Leadership. All rights reserved. 36
88% of identified high potentials believe they are actively identifying and developing talent.
75% of leaders not formally identifiedas high potentials believe they are actively
identifying and developing talent.
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2008 Center for Creative Leadership. All rights reserved. 37
A View from the Pipe
Influencers
How does it feel to be formally identified as a high potential?
Coach Teacher Guide
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2008 Center for Creative Leadership. All rights reserved. 38
TalentHigh Potential Talent
Critical Talent
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2008 Center for Creative Leadership. All rights reserved. 39
Talent
Individuals who have the capability to make a significant difference to the current and future performance of the organization.
Critical Talent
Individuals in critical positions who have the potential to make the most significant impact to the current
and future performance of the organization.
High Potential Talent
An employee who has been assessed as having the ability, organizational commitment, and motivation to rise to and
succeed in more senior positions in the organization.
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2008 Center for Creative Leadership. All rights reserved. 40
A View from the Pipe
Talent
I appreciate the recognition but am a bit concerned about my ability to prove myself.
I dont really deserve the honor.
It is very gratifying and humbling at the same time. It also strengthens my dedication to the company as it demonstrates its interest in me.
Extremely complimentary but stressful at the same time.
At first it made me proud that someone noticed my potential. Then quite frankly, it made me a little scared. Now what is expected of me?
How does it feel to be formally identified as a high potential?
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2008 Center for Creative Leadership. All rights reserved. 41
A View from the Pipe
Talent
A little left out. I am already pretty high up in the organization. If my improvement gets me promoted, great. If not, thats also ok.
The fact that I have been told that I am a high potential team member but not recognized formally makes me question if what I have been told is accurate or just an underhanded way to keep me striving for something unattainable.
Even though I am told that I am in the succession plan and considered high potential, no one can outline the next steps associated with being this person. As time passes, I feel as though they are giving me lip service to retain my assets.
How does it feel not to be formally identified as a high potential?
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2008 Center for Creative Leadership. All rights reserved. 42
Role of the Executive
Role of the People Executive
Critical Roles in Talent SustainablityRole of Line ManagersTalent Influencer
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Comp
etenc
y
Mode
l
Deve
lopme
nt &
Deplo
ymen
tLearning &
Developm
ent
KnowledgeManagement
ExecutiveCommitment &Engagement
Sourc
ing &
Recru
iting
Critical Talent
Identification,
Development,
& SuccessionR
ewar
d &
Rec
ogni
tion
Performance
Management
Talent Sustainability
MetricsMetrics
2007 Center for Creative Leadership. All rights reserved.
What will be YOUR Talent Legacy?
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2008 Center for Creative Leadership. All rights reserved. 44
Center Connection- Austin, TX
Talent Sustainability: Frameworks and Tools for Developing Organizational Capacity
Richard WalshSenior Faculty & Executive CoachOne Leadership PlaceGreensboro, NC 2735801.336.286.4581
Roland SmithSenior Faculty850 Leader WayColorado Springs, CO 8090601.719.329.7895