> The People Element North Dakota Grain Dealers January 20, 2014 1 > If you only think of one thing about us, think again… Second largest member-owned co-op in the U.S. & Fortune 200 agribusiness 2 > Did you know? Put the cheese in leading salty snacks Helped ~40,000 people last year in Africa and Asia access better health and nutrition services Handle 12 billion pounds of milk each year Produce +120 research-based and field-tested crop protection products Feed exotic animals across our nation’s zoos Feed 100 million animals, both large and small, each day 3 > An operating company with three diversified businesses Agriculture services, crop inputs Animal nutrition and feed Dairy foods 4 > Land O’Lakes, Inc. today ~10,000 employees 3 diversified businesses 3,200 direct producer-members and 1,000 member-cooperatives Annual revenue +$14 billion Serve +300,000 agricultural producers 300+ facilities in the U.S. Goal to double revenues and increase international growth in the next 10 years 5 > Business Development Services Mission: Cooperative competitive vitality. 6 > Business Development Services Offerings Strategic Asset Management Business and market analysis Strategy development Construction consulting Cooperative Talent Development Co-op Universities Leadership Advantage and LEAP for high talent co-op leaders Executive Coaching Organizational Assessment CEO Search Sales Development Program 7 > Expert Selling Solutions I February 25-27, 2014 Holiday Inn Fargo, ND Expert Selling Solutions I is a fundamental necessity for all new salespeople who have less than one year of on-the-farm sales experience or for established salespeople who are looking for a refresher. This intense three-day training course covers the breadth of the Sales Development Program’s essential selling skills. Registration link: Sales Development Program - Class Registration > The People Element 9 > Business Strategy & Talent Requirements Talent Acquisition Succession Planning Land O’Lakes Talent Management Model Engagement & Retention Performance Management Learning & Development 10 > Quiz Question 1 The best 20% of managers in a company raise productivity by: A. 10% B. 20% C. 30% D. 40% E. 50% 11 > Quiz Question 2 The best 20% of sales people bring in ____ more than average performers: A. 20% B. 40% C. 50% D. 60% E. 70% 12 > Does talent make a difference? A Players (the best 20% of performers): who are in Operational roles raise productivity by 40% over average performers who are in General Management roles raise profitability by 49% over average performers who are in Sales roles raise sales revenue 67% over average performers McKinsey: Michaels, et al., 2001 13 > Business Strategy & Talent Requirements Talent Acquisition Succession Planning Land O’Lakes Talent Management Model Engagement & Retention Performance Management Learning & Development 14 > Critical Jobs Key to delivering on your strategy AND difficult to fill/replace AND there is variability in performance 15 > You need to be a talent scout! 16 > Passive Candidates Those not actively looking for a job who might be open to seduction. 17 > Workforce Diversity 18 > Quiz Question 3 The success rate of the typical interview is: A. 20% B. 30% C. 50% D. 60% E. 75% 19 > 50:50 20 > Selection Disciplines Standard behavioral questions “Tell me about the last time. . .” Multiple interviewers Written ratings Consensus discussion 21 > Business Strategy & Talent Requirements Talent Acquisition Succession Planning Land O’Lakes Talent Management Model Engagement & Retention Performance Management Learning & Development 22 > Goalsetting Higher performance results from: • Specific goals • More difficult goals • Mutually-set goals 23 > Accountability In high performing organizations • Employees take ownership – take responsibility for results • Managers follow-up and hold employees accountable for achieving their goals • Poor performers are dealt with • There is a culture of accountability 24 > Business Strategy & Talent Requirements Talent Acquisition Succession Planning Land O’Lakes Talent Management Model Engagement & Retention Performance Management Learning & Development 25 > Quiz Question 4 The most effective way to develop talent is: A. Classroom training B. Online training C. Reading business books D. Attending business school programs E. Experiences on the job F. Mentoring G. All of the above 26 > Business Strategy & Talent Requirements Talent Acquisition Succession Planning Land O’Lakes Talent Management Model Engagement & Retention Performance Management Learning & Development 27 > Retention Bev Kaye book — Love ‘Em or Lose ‘Em 26 Retention Strategies: A thru Z A B C Ask: “What keeps you here?” Buck: It stops here Careers 28 > J = JERK Don’t be one 29 > STAY INTERVIEW How are you feeling about your job? What do you like most, least? Anything you would change if you could? Do you have goals for yourself for the future? What are they and how can I help you get there? In what areas would you like to grow your skills? Are there experiences, opportunities you’re interested in now or future? 30 > Stay Interviews -- “No one ever asked” What about your job makes you jump out of bed in the morning? What makes you hit the snooze button? If you were to win the lottery and resign, what would you miss the most? What would be the one thing that, if it changed in your current role, would make you consider moving on? If you had a magic wand, what would be the one thing you would change? If you had to go back to a position in your past and stay for an extended period of time, which one would it be and why? -Bev Kaye – Love ‘Em or Lose ‘Em 31 > What We Learned From Stay Interviews “I learned every employee is very different in the way they want to be supervised.” “I usually get only one or two questions asked (the conversation just takes off).” “I am always surprised about what people think. I am almost always wrong about where they are.” “I have to be careful not to lead the employee; talk less and listen more.” 32 > What We Learned from Stay Interviews “They were all much more about being recognized for the work they do than about pay.” “Some small things to me were BIG things to employees!” “Employees are perceptive about what’s working and what’s not.” “I was amazed at the positive response!” 33 > Business Strategy & Talent Requirements Talent Acquisition Succession Planning Land O’Lakes Talent Management Model Engagement & Retention Performance Management Learning & Development 34 > Succession Planning Ensuring continuity of leadership Focus on development of succession candidates for critical positions Reviewing talent required to pursue new strategies Retention of critical talent Actions to address individuals who do not fit current or future organizational needs 35 > The Pink Envelope 36 > SUCCESSION ORG CHART Name - Readiness Code Name - Readiness Code Name - Readiness Code Readiness Codes: A = Ready 0 to 1 Year B = Ready 1 to 2 Years C = Ready 2 to 3 Years Name - Readiness Code Name - Readiness Code Name - Readiness Code Name - Readiness Code BOLD = Minority and Female Team Members 37 > Business Strategy & Talent Requirements Talent Acquisition Succession Planning Land O’Lakes Talent Management Model Engagement & Retention Performance Management Learning & Development 38 > Safety Not an “add on” – but built into everything we do. 39 > Safety RRE’s Compensation – activities, not outcomes Leadership assessment Safety committees, coordinators Audits Manager training 40 > Safety Leadership Survey My supervisor has one-on-one conversations with me that include safety. Safe work practices are established and clearly understood for my job. Safety concerns suggestions are followed up on, communicated, and completed in a timely fashion. I receive adequate safety training to perform my job injury free. My supervisor consistently enforces safe work practices. My supervisor coaches and provides positive recognition to me for working safely? My personal safety is more important than production to my supervisor? 41 > Safety New employees and contractors are a particular risk! 42 > Safety Not a priority . . . But a value! 43 > It’s Your Ship Captain D. Michael Abrashoff 44 > It's Your Ship 45 > QUESTIONS??? 46