+ Welcome to Identifying Executive Leadership We will begin at 1 pm CST. Put Your Talent In the Driver’s Seat – Building Leadership to Fuel Your Succession Strategy June 2015 Are you in the new Councils Community? Join your Council peers in 13 Discussion Communities today! Visit the Community © Development Dimensions Int’l, Inc., 2015. All rights reserved. + Put Your Talent In the Driver’s Seat Your Talent In the Driver’s Seat – –Put Building Leadership to Fuel Your Building Leadership to Fuel Your Succession Strategy Succession Strategy June 2015 Presented by: John DeSantis, Executive Consultant Development Dimensions International (DDI) © Development Dimensions Int’l, Inc., 2015. All rights reserved. GOOD GREAT We have management’s support and involvement. Our senior management team has become competitive about making Acceleration happen. We have a good competency model in use organizationwide. The practical business relevance and precision of our leadership model makes it invaluable to our leaders. We have an annual talent review process and our executives are very engaged in it. We use assessment for key roles and high risk scenarios. We have a wide array of learning courses and options available for our leaders. We hold our leaders accountable for fulfilling their roles in the process. We teach our leaders how to be shrewd and accurate in reviewing talent and identifying potential. We have a nearly-unhealthy addiction to objective talent data and feedback. We ignite the application and practice of the leadership approaches our business needs. We aggressively manufacture positive growth tension. © Development Dimensions Int’l, Inc., 2015. All rights reserved. Want More Ready Leaders Faster? Link Talent Identification And Development To Your Business Strategy Ready Leaders Strategy Business Context What is changing in your target markets & with your competitive landscape? How will your organization grow and succeed? What are your strategic priorities for the next 3-5 years? What is changing in the strategy? How will people describe the culture? What kind of organization will you be? © Development Dimensions Int’l, Inc., 2015. All rights reserved. Talent Implications (Demand) What kinds of leaders will be needed? What capabilities will be required? What quantity of supply will you need? – At what levels? – Where? (division, function, geography) © Development Dimensions Int’l, Inc., 2015. All rights reserved. Business Drivers… . . . represent those challenges that leaders must conquer in order to successfully execute the strategic and cultural priorities of the organization. 1. Clearly understand your top 34 business strategies & associated critical leadership skills © Development Dimensions Int’l, Inc., 2015. All rights reserved. Create Innovative Products Cultivate a Customer/ Consumer Focused Culture Drive Operational Excellence © Development Dimensions Int’l, Inc., 2015. All rights reserved. Top Business Priorities Or Strategies Most Critical Competencies Driving Innovation Create Innovative Products Business Savvy Execution © Development Dimensions Int’l, Inc., 2015. All rights reserved. Create Innovative Products Cultivate a Customer/ Consumer Focused Culture Drive Operational Excellence © Development Dimensions Int’l, Inc., 2015. All rights reserved. What are they ready to do? A Holistic View of Success WHAT PEOPLE WHAT PEOPLE KNOW CAN DO A cluster of behaviors performed on a job Technical and/or professional information needed to perform job activities successfully WHAT PEOPLE WHO PEOPLE HAVE DONE ARE Personal dispositions and motivations that relate to job satisfaction, job success or failure Educational and work achievements needed to perform job activities successfully © Development Dimensions Int’l, Inc., 2015. All rights reserved. Talent Capacity (Supply) What is your inventory of talent? How healthy is the pipeline? Will you have “Ready-Now” leaders? If not, what will it take to get there? © Development Dimensions Int’l, Inc., 2015. All rights reserved. Our Destination – Critical Outcomes: • Ample supply of ready-now leaders across the pipeline • Leaders who can successfully drive our strategy to fruition amidst a complex and rapidly changing world • Speed and responsiveness in staffing critical roles • Leaders who are aligned with our values, who can engage our workforce • Development energy - an agile learning organization and culture of development © Development Dimensions Int’l, Inc., 2015. All rights reserved. Identify Why Measure Leadership Potential? Building a long-term supply of leadership capability is critical to leadership continuity, continued growth, and preserving the organization’s culture Robust assessment of all leaders and/or accelerated development everyone is not practical or cost effective. Leadership motivation and growth potential cannot be trained – current performance is not predictive enough. © Development Dimensions Int’l, Inc., 2015. All rights reserved. Identifying Potential – Common Problems Focus on current performance – not factors that indicate potential Inconsistent criteria, no calibration Nominator confidence/variability Identification without subsequent assessment and development followthrough © Development Dimensions Int’l, Inc., 2015. All rights reserved. Identifying Top Talent Performance Potential © Development Dimensions Int’l, Inc., 2015. All rights reserved. Identifying Top Talent Future Past Performance Potential An individual’s success in executing the objectives and competencies required in his/her current role or prior roles The likelihood that an individual can and will grow into a successful leader at one or more levels above his/her current position, or into a role with significantly expanded leadership responsibilities. © Development Dimensions Int’l, Inc., 2015. All rights reserved. Performance-Potential-Readiness Definition How it’s measured Performance How one is performing now in current role Performance Management Potential One’s likelihood of leadership growth Inventory of potential + management integration One’s fit with a specific role, job or job family Role-specific assessment methods such as interviews, simulations and tests Readiness Leadership Potential Factors Leadership Promise Balance of Values and Results Personal Development Orientation Mastery of Complexity. Identifying Potential Best Practices Establish the business context Engage and communicate with nominators Identify the right raters/nominees Calibrate raters Facilitate consensus/nomination Invite high-potentials with clear expectations Follow up w/ assmt of high potentials against competencies & biz drivers © Development Dimensions Int’l, Inc., 2015. All rights reserved. Assess 25 © Development Dimensions Int’l, Inc., MMXII. All rights reserved. Why Assess? Identify (Identifying Potential): • We believe this group has what it takes to develop and eventually take on the next-level or higher-level roles • BUT, we need to know more about their capabilities and readiness Assess per success profile/business drivers Assessment Provides: • A diagnosis of readiness against the success profile of a targeted (future) role/level • Allows for optimal decisions regarding development priorities, plans, and assignments © Development Dimensions Int’l, Inc., 2015. All rights reserved. Readiness: The degree to which an individual possesses the capabilities to successfully take on the business challenges of a specific role or role family © Development Dimensions Int’l, Inc., 2015. All rights reserved. Common Assessment Approaches 360-Based Assessments Interview-Based Assessments General Insights Best for Lower-Risk Scenarios SimulationBased (Acceleration Centers) More In-Depth Insights Best for Higher-Risk Scenarios © Development Dimensions Int’l, Inc., 2015. All rights reserved. Three Types of Assessment Decisions Higher Risk Should the individual be selected into a new, higher-level role? Will he/she be successful if assigned immediately? What is the individual’s degree of readiness for the next transition? How much development is necessary before he/she is ready to advance? What types of development experiences (rotation, assignments, training, coaching, etc.) will have the greatest impact on individual leadership growth? Lower Risk © Development Dimensions Int’l, Inc., 2015. All rights reserved. Strategic Talent Review • Facilitated review and integration of individual and group data with top senior leaders • Integration of holistic behavioral data with personal attributes • Discuss deployment options • Development recommendations made • Accountability for development assigned and followup plans established © Development Dimensions Int’l, Inc., 2015. All rights reserved. Readiness to Execute Strategies Create Innovative Products Ready Now Ready with Development Not Ready Cultivate Customer Focused Culture Drive Operational Excellence 0% © Development Dimensions Int’l, Inc., 2015. All rights reserved. 50% 100% Develop Development Philosophy: Merge Individual Needs with Role and Business Priorities Key business priorities, including short and long-term imperatives Impact of individual performance patterns and personal attributes on ability to execute within role and beyond Immediate actions to maximize both business contribution and personal leadership growth BUSINESS Development Priorities SELF ROLE Relationship of participant’s role to business performance © Development Dimensions Int’l, Inc., 2015. All rights reserved. Individualized Development Development Path Development Execution Planning Personalized Feedback Assess © Development Dimensions Int’l, Inc., 2015. All rights reserved. ARE YOU FINDING BLACK HOLES IN YOUR LEADERSHIP DEVELOPMENT PATH? © Development Dimensions Int’l, Inc., 2015. All rights reserved. Catapult more leaders further into their development © Development Dimensions Int’l, Inc., 2015. All rights reserved. Section Break Questions? 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