Strategic Talent Management Forum Mission Critical Career Paths Mapping the career journey for your most critical roles Mission critical career paths We need to ensure that companies are developing the right capabilities for their most critical jobs to meet their future demands of sustainable, profitable growth 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M Mission critical career paths Many organisations are developing their future leaders in a vacuum,, lacking a clear understanding of the roles leaders are destined for and the experiences they will need to ensure they are ready when they get there 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M Are organizations getting the leaders they need? 17% >13% of US and UK companies have formalized career paths for the majority of their employees* of US and UK companies give themselves high ratings when it comes to managing their future talent* Source: *Boursin and Associates Factbook, 2009 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M Where career pathing fits into talent management • Infrastructure for growth and information Outsourcing or contract Workers Talent sourcing Total rewards Succession planning Selection and onboarding Workforce analytics Leadership and talent development Employee engagement Workforce planning/ role definition Performance management 2 0 1 3 S T R A T E G I C Organizational competencies T A L E N T Mission Critical Career paths Candidate assessment M A N A G E M E N T F O R U M Traditional “supply-driven” talent management • Having a pool of highly rated people doesn’t answer the question: “What are they “good for?” Performance Contributor Promotable Fully Competent Performer Exceptional Performer Recently Promoted Develop Performance Move Now Manage to Strengthen Performance Manage to Strengthen Performance Develop Skill Set Recently Promoted Manage to Strengthen Performance Potential Promotable with Development Mastery 2 0 1 3 S T R A T E G I C T A L E N T M Seasoned Pro “STARS” A N A G E M E N T F O R U M Demand-driven talent management starts with future role requirements 1. Demand Understand the current and future organizational needs in terms of specific mission critical roles – identify destination roles 3. High potential development Ready people for these specific roles ASSESS AND MANAGE THE GAPS 2. Supply Assess the capabilities of current and future leaders to assume destination roles 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M Demand-driven talent management includes defining how … > Future business will evolve > Business direction shapes operating requirements and resulting organizational structure > Structure shapes role/position demands > Position demands inform talent requirements for key positions > Candidates fit (or not) to position demands (i.e., risk) > Development can mitigate risk of placement and build long-term capability 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M Defining our terms • Comprehensive career development programs illuminate the path forward and provide career path options to all staff members But, this is not what we are talking about today 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M Defining our terms • Mission critical career paths focus like a laser beam on: 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M The destination role The lens through which you need to look in identifying appropriate experiences for your most high potential employees 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M Definition of a destination role Critical to the operating model and strategy Destination roles are defined as key to delivering the strategy and operating model; it is a job where you cannot afford to have a gap or accept someone who is in development mode for a lengthy period of time 2 0 1 3 S Attractive/ has status Multi-incumbent They must be the kind of jobs that people would actually want to do There should be sufficient opportunity for people to get such a job T R A T E G I C T A L E N T M Relatively stable Platform for further growth There has to be a realistic expectation that the job will still exist in several years’ time when people see that they will be ready for it It might be a direct feed to another destination role, or it could be at the intersection of multiple career paths and be an effective transition point A N A G E M E N T F O R U M Destination roles are shaped by strategic needs of the business Market demands Business strategies/priorities GLOBAL LOCAL Innovation Operations/efficiency Revenue/growth Margin/profitability Long-term Short-term (tomorrow’s business) (today’s business) Varying organizational and leadership implications 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M Mission critical career pathing 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M Development process Identify feeder and destination roles Define demands for destination and feeder roles Identify critical competencies , capabilities and development experiences Career paths for destination roles Create development tools [PHASE 1] [PHASE 2] [PHASE 3] [PHASE 4] [PHASE 5] 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M Career path process – Phase 4 Identify feeder and destination roles Identify critical competencies, capabilities and development experiences Define demands for destination and feeder roles Business advisor Career paths for mission critical roles Business partner Create development tools Business owner Proximity to front line Levels of work Strategy development Strategic implementation Destination role 6-month secondment 1 6-month secondment 2 Operational management/ leadership Operation focus 2 0 1 3 S Job rotation 2 Feeder role T R A T E G I C Job rotation 1 T A L E N T M A N A G E M E N T Leadership scope typically increases Enterprise leadership F Enterprise Executive Functional Executive Manager of Managers Manager/ Senior Specialist Supervisor/ Individual Contributor O R U M Career path process – Phase 5 Define demands for destination and feeder roles Identify feeder and destination roles Identify critical competencies, capabilities and development experiences Succession planning Self assessment – “realistic job preview” Peer surveys Rotational development moves Development plans Executive coaching Leadership development 2 0 1 3 S T R A T E G I C T A L E N T Career paths for mission critical roles Create development tools Formal training Key project assignments Resource Development Guides Mentoring Executive sponsorship Governance for long term development Manager coaching discussion guide M A N A G E M E N T F O R U M Illustrative career path Entry roles Rotational assignment options six months Required work experiences two to four years Destination role Continued development Senior executive role Senior executive manufacturing Applications engineer Senior program manager Business intelligence Plant leader Customer support manager Market research Marketing communications manager 2 0 1 3 General manager Contracting S T R A T E G I C T A L E N T VP GM product segment Segment line leader Director M A N A G E M E N T F O R U M Example of rotational assignments for segment line leader destination role Recommended rotational experiences (6 months each)* and key developmental requirements Key Accountabilities Business intelligence Market research Technical/product support Financial Strategic Leadership Customer Product Develop strong financial skills and a deep understanding of the intersection of pricing and finance Gain in-depth understanding of and manage financial levers/balance sheet of the business Understand contribution margin and levers affecting it Drive top-line and margin growth Develop deals, set pricing, etc. to drive sales and profit Contribute to sales forecasting, planning , etc. to add LT value to the business (e.g. set price point to gain new business; identify effects of longterm/short-term contracts) Define and lead implementation of growth strategies Align business strategy with market, industry, and customer dynamics Develop network and comfort communicating at all levels and crossfunctionally across the organization: senior leadership, sales, and product management Develop ability to structure win-win contracts for customer and GE Develop understanding of pricing implications based on different product investments, strategies, etc.. Manage a cross-functional budget and organize funding Translate a strategic objective into actionable plans and direct execution Build and manage teams (experience at least two session C processes) Coordinate multiple functions to deliver on stated objective Lead direct and indirect cross-functional teams to achieve business objectives Identify, secure, and allocate resources Develop and maintain customer relationships Deliver value to internal and/or external customers against stated objectives Ensure customer satisfaction Interact at C-suite level; understand strategic objectives of customer and how GE can support them Manage asset utilization to most effectively drive services and products in market; this includes investment decisions around product mix, services, etc. Build capability and understanding of NPI and product process or service functions Learn language of engineering, and limitations/capabilities of product technologies or service offerings Note: * At least one experience should occur in a global environment 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M What the process delivers Key ‘destination roles’ that are most critical to achieving your organisation’s business strategy Greater discipline and focus to the development of high potentials by ensuring limited resources are spent A roadmap of career experiences that will ensure high potentials arrive at their destination roles with the on developing needed now and in the future for capabilities they need to succeed 01 Career ‘accelerants’ – experiences most likely to rapidly develop capabilities to meet future needs and an understanding of key risks to manage at each transition point 04 2 0 1 3 S 02 Identified feeder roles (or typical backgrounds) and critical development experiences so that the planning can begin earlier in a career, and ease the transition to new roles T R A T E G I C T the right skills the organisation’s most critical jobs 03 Growth and development experiences tailored unique needs that each high potential brings 05 A L E N T M to the A N A G E M E N T 06 F O R U M Questions? 2 0 1 3 S T R A T E G I C T A L E N T M A N A G E M E N T F O R U M