Developing, Motivating and Retaining Talent Presented by: © 2010 Targeted Learning Which of the following represent concerns? 1. 2. 3. 4. 5. 6. Attracting qualified people Retaining talent Developing employees Developing future leaders Motivating people Utilizing people’s talents 0% 0% 1 © 2010 Targeted Learning 0110 TPT 2 0% 0% 3 4 0% 0% 5 6 1 2 Which represents the greatest single barrier to sustainable success? 1. 2. 3. 4. 5. 6. Attracting qualified people Retaining talent Developing employees Developing future leaders Motivating people Utilizing people’s talents 0% 1 © 2010 Targeted Learning 0110 TPT 0% 2 0% 0% 3 4 0% 0% 5 6 1 3 Objectives 1. To provide you with research, concepts, tools and information that you can use to improve the engagement, motivation, development and retention of talent within ConocoPhillips. 2. To create a common language to support the engagement and retention of talent. 3. To provide you with a forum to explore things you can do to support lower level managers and supervisors in the process of talent engagement, development and retention. © 2010 Targeted Learning 0110 TPT 1 4 Premise #1: Conversations Matter Nothing truly great (i.e., significant, enduring and positive)happens in any organization without a conversation. © 2010 Targeted Learning 0110 TPT 2 5 The Top Frustration/Concern/ Criticism of Performance Management at ConocoPhillips The quality and frequency of conversations with one’s manager. © 2010 Targeted Learning 0110 TPT 2 6 The ConocoPhillips Performance Management Process Dec.-Jan. Feb.-Oct. Nov.-Jan. Phase 1: Aligning Goals Phase 2: Tracking Progress Phase 3: Measuring Results Feedback & Coaching Feedback & Coaching Feedback & Coaching Feedback & Coaching Where within the Performance Management Process does a supervisor or manager have the greatest influence on a direct report’s performance? © 2010 Targeted Learning 0110 TPT 2 7 Premise #2: Development Matters Managers who are effective at developing their people (based on the assessment of subordinates) achieve better results: 1. 25.0% percent higher productivity* 2. 39.7% percent better retention* *Corporate Executive Board, 2003 © 2010 Targeted Learning 0110 TPT 2 8 How well are we doing at ConocoPhillips? 2008 Employee Opinion Survey-Development Dimension Total % Favorable 100% 13 Total % Neutral 10 22 28 75% 27 Total % Unfavorable 16 19 22 26 24 24 26 26 28 23 25 50% 25% 0% 60 66 54 46 2006 Q. 13 2008 2006 2008 Q. 12 46 2006 52 56 61 2008 2006 2008 Q. 9 © 2010 Targeted Learning 0110 TPT Q. 5 3 9 Which of these five do you think supervisors identify as their most serious concern? 1. I feel my career goals can be met at COP 2. Had meaningful discussions with my supervisor about my development 3. Good understanding of possible career paths 4. Someone at my work encourages my development 5. Receive sufficient constructive feedback to improve my performance 0% 1 © 2010 Targeted Learning 0110 TPT 0% 2 3 0% 0% 3 4 0% 5 10 How Many Did You Check Off? 1. 1 to 7 out of 15 2. 8 to 11 out of 15 3. 12 to 15 out of 15 0% 0% 1 © 2010 Targeted Learning 0110 TPT 2 0% 3 4 11 Did you experience significant personal growth during this time? 1. Yes 2. No 0% 0% 1 © 2010 Targeted Learning 0110 TPT 2 4 12 Was your productivity relatively high at this time? 1. Yes 2. No 0% 0% 1 © 2010 Targeted Learning 0110 TPT 2 4 13 Did your experience at this time give you reason to be optimistic about your future? 1. Yes 2. No 0% 0% 1 © 2010 Targeted Learning 0110 TPT 2 4 14 Management’s Responsibility for the Current Job Total Personal Engagement • Mental • Emotional • Social Happiness • Hope • Community Growth Business Impact Retention Sustainable Individual and Organization Success © 2010 Targeted Learning 0110 TPT 6 15 Learning Agility1: Top Predictors of Long-Term Success Learning agility is the competency most highly correlated with long-term success. Learning agility consists of: 1. Seeking and securing new challenges at work. 2. Learning from your experiences through feedback from others. 3. Taking time to reflect on and thereby learning from both your successes and failures. 4. Having the discipline to apply your learnings to unlearn old habits and develop new ones. 1100 Things You Need to Know: Best People Practices for Managers & HR, Robert W. Eichinger, Michael M. Lombardo, David Ulrich. Lominger Limited, Inc. Minneapolis, USA . 2004 © 2010 Targeted Learning 0110 TPT 10 16 Leading the Engagement Effort Given what we’ve discussed thus far, what can leaders at your level do to support the development, engagement and retention of ConocoPhillips employees and supervisors? © 2010 Targeted Learning 0110 TPT 10 17 The Six Conversations of Performance Excellence for Supervisors Talking About Business Goals Results Development ConverReviews (Routine, sations Quarterly, Mid-Year And Year-End) © 2010 Targeted Learning 0110 TPT 11 18 The Four Conversations of Performance Excellence for Individual Contributors Module 1: Seeking and Receiving Feedback: Accelerating Your Journey from Good to Great Module 2: Talking About Business Goals: Tips and Tools for Achieving Exceptional Results Module 3: Development Conversations: Maximizing Individual Vitality Module 4: Results Reviews: Minimizing the Stress — Maximizing the Value © 2010 Targeted Learning 0110 TPT 12 19 Career Management Resources Making Your Mark Mastering My Career Designing My Career Career Leadership Skills © 2010 Targeted Learning 0110 TPT 12 20 Module One Coaching Conversations: Supporting Individual Initiative and Goal Attainment © 2010 Targeted Learning 0110 TPT 21 Exercise: Checking Our Coaching Instincts 1. You are a mid-level manager and one of your supervisors asks you for advice: “Some of my direct reports won’t think for themselves. They don’t take any initiative. They wait for me to tell them everything they should do. How do you get people like that to take more responsibility and think for themselves?” 2. How would you handle this question? (Be specific in terms of what you would say, ask and/or do.) © 2010 Targeted Learning 0110 TPT 15 22 Behaviors Associated with Each Style Expert • Advocating • Talking/Selling • Giving Advice • Asking Closed Questions • Sharing Information and Feedback • Doing the Thinking • Evaluating Others’ Ideas Facilitative • Inquiring • Listening & Learning • Exploring Others’ Opinions and Ideas • Asking Open-Ended Questions • Suggesting a Self-critique • Getting the Other Person to Think • Building on Others’ Ideas © 2010 Targeted Learning 0110 TPT 16 23 The Costs of Overusing the Expert Style • Narrower solution sets and less creativity • Less ownership and commitment • More dependence—less initiative • Smaller spans of control possible © 2010 Targeted Learning 0110 TPT 24 Prework Insights (p. 7 in prework) Structured (4.50) •7 EXPERT Prescriptive (4.44) •6 Risk Averse (4.26) •5 •4 •3 •2 •1 •1 •2 FACILITATIVE •3 •4 •5 Risk-Tolerant (2.74) •6 •7 Non-Prescriptive (2.56) Flexible (2.50) © 2010 Targeted Learning 0110 TPT 17 25 Five Most Important Coaching Questions 1. What are you ______________? trying to achieve 2. What seems to __________? be the issue 3. What have you _______? tried 4. What options ______ have you _________? considered (pros & cons) you recommend 5. What do _____________? © 2010 Targeted Learning 0110 TPT 17 26 The Paradox of Power You have to give up control to gain influence. Control Compliance Compliance and/or and/or Rebellion Rebellion Influence Commitment © 2010 Targeted Learning 0110 TPT 18 27 What is your assessment of the effectiveness of your leadership style? 1. Fine as it is 2. Need to become more facilitative 3. Need to become more expert 0% 1 © 2010 Targeted Learning 0110 TPT 0% 2 0% 3 18 28 The Path to Success Ask More. Expect More. And You’ll Get More. © 2010 Targeted Learning 0110 TPT 18 29 Module Two Seeking and Receiving Feedback: Accelerating Your Journey from Good to Great © 2010 Targeted Learning 0110 TPT 30 Feedback Defined Feedback is __________ information about behavior and performance that helps you align your actions with your goals. © 2010 Targeted Learning 0110 TPT 29 31 Coming to Terms with Unhelpful Feedback Draw a picture representing unhelpful feedback: • What it looks like. • What it feels like. © 2010 Targeted Learning 0110 TPT 29 32 © 2010 Targeted Learning 0110 TPT 33 © 2010 Targeted Learning 0110 TPT 34 © 2010 Targeted Learning 0110 TPT 35 © 2010 Targeted Learning 0110 TPT 36 © 2010 Targeted Learning 0110 TPT 37 © 2010 Targeted Learning 0110 TPT 38 © 2010 Targeted Learning 0110 TPT 39 © 2010 Targeted Learning 0110 TPT 40 The Consequences of Our Negative Mental Images The greatest learning disability _______ in organizations today is the inability to receive and give candid feedback. © 2010 Targeted Learning 0110 TPT 29 41 Considering the most helpful criticism you have ever received, what was your immediate emotional reaction? 1. Positive 2. Negative 0% 0% 1 © 2010 Targeted Learning 0110 TPT 2 29 42 © 2010 Targeted Learning 0110 TPT 43 © 2010 Targeted Learning 0110 TPT 44 The Four-Step Model for Receiving the Gift of Feedback 1. Acknowledge the Gift. 2. Open the Gift. 3. Confirm the Nature and Value of the Gift. 4. Use the Gift. © 2010 Targeted Learning 0110 TPT 31 45 A New Paradigm for Feedback The usefulness of the feedback we receive depends less on the ability of others to give it well, than it does on our ability to receive it well. © 2010 Targeted Learning 0110 TPT 32 46 Module Three Giving Feedback: Providing Feedback that Changes Behavior and Supports Goal Attainment © 2010 Targeted Learning 0110 TPT 47 Reinforcing Feedback Defined Reinforcing Feedback is information that confirms that our actions are aligned with our goals, and tells us what we are doing well and should continue doing. © 2010 Targeted Learning 0110 TPT 33 48 Redirecting Feedback Defined Redirecting Feedback is information that alerts us to actions that are not aligned with our goals, and tells us what we need to do to reach our goals. © 2010 Targeted Learning 0110 TPT 33 49 Tips for Making Redirecting Feedback Safe for the Receiver a. Give the feedback in private. b. Check the receiver’s readiness, or that the timing is convenient. c. Frame the feedback in one or more of the following ways: 1. In terms of the receiver’s interests or values. 2. As a request for help. 3. As a request or suggestion for the future. 4. By acknowledging the receiver’s pressures or constraints. 5. By building on what they’re already doing right. 6. By asking the receiver to go first. 7. By pointing out the natural rather than imposed consequences. 8. Own the feedback whenever you can. d. Be specific about what you observed. Do not imply motive or exaggerate. e. Maintain a positive tone and body language. f. Be collaborative. g. Focus on only one or two issues. © 2010 Targeted Learning 0110 TPT 37 50 Principles for Giving Redirecting Feedback 1. Focus on the receiver’s needs and interests 2. Be direct and candid 3. Make it safe for the receiver to listen openly © 2010 Targeted Learning 0110 TPT 38 51 Of the two examples on pg. 39, which do most ConocoPhillips employees and managers say they prefer? 1. Reinforcing feedback only 2. Reinforcing and redirecting combined 0% 1 © 2010 Targeted Learning 0110 TPT 0% 2 52 Of the three options on pg. 39, which would you prefer to receive? 1. Reinforcing feedback only 2. Reinforcing and redirecting combined 3. Reinforcing and redirecting as two separate conversations 0% 1 © 2010 Targeted Learning 0110 TPT 0% 2 0% 3 53 The Four Steps to Giving Redirecting Feedback Remember to “SAIT:” Step One: Safety First Step Two: Action Step Three: Impact Step Four: Talk it Through to “Thank You” © 2010 Targeted Learning 0110 TPT 45 54 Module Four Talking About Business Goals: Tips and Tools for Achieving Exceptional Results © 2010 Targeted Learning 0110 TPT 55 The Challenge of Leadership: Do Some Days Feel Like This? © 2010 Targeted Learning 0110 TPT 56 6 Conversations/4 Conversations Workshop What is one thing you would change about Performance Management at ConocoPhillips? Managers 1,580 Individual Contributors 1. More frequent conversations 22% 30% 2. Change rating/ranking system 22% 21% 3. Improve goal-setting process 16% 26% 4. Don’t change it—enforce it 19% - © 2010 Targeted Learning 0110 TPT 2,400 49 57 The Anatomy of Significant Accomplishments A. D. Written 1. 2.9 to 5.1% 2. 29.3 to 33.6% 3. 67.8 to 61.3% Challenge 1. 0.6 to 1.4% 2. 11.3 to 23.8% 3. 88.1 to 74.8% B. Specificity 1. 28.5 to 21.6% 2. 29.1 to 27.8% 3. 42.4 to 50.6% E. Degree of Control 1. 4.5 to 4.5% 2. 48.9 to 47.0% 3. 46.7 to 48.5% C. Quantifiable 1. 1.1 to 3.6% 2. a) 4.7 to 8.3% b)28.8 to 34.3% 3. 65.4 to 53.9% * Results from 2,415 COP managers and 1,595 COP individual contributors in 2006 through 2009. (Manager percentages compared to individual contributor percentages.) © 2010 Targeted Learning 0110 TPT 50 58 The Anatomy of Significant Accomplishments F. Milestones 1. 4.1 to 5.2% 2. 29.4 to 31.1% 3. 66.5 to 63.6% G. Degree of Support 1. 3.6 to 5.0% 2. a) 5.9 to 8.8% b) 9.7 to 8.1% 3. 80.7 to 78.2% H. Value Added to Organization 1. 2.4 to 5.2% 2. 19.9 to 31.4% 3. 77.7 to 63.4% I. Importance to Me 1. 0.2 to 0.4% 2. 4.7 to 11.0% 3. 95.1 to 88.6% * Results from 2,415 COP managers and 1,595 COP individual contributors in 2006 through 2009. (Manager percentages compared to individual contributor percentages.) © 2010 Targeted Learning 0110 TPT 51 59 Setting SMART Goals Remember to be: Specific — Business outcomes rather than activities or processes — Clear to 3rd party © 2010 Targeted Learning 0110 TPT 52 60 Setting SMART Goals Remember to be: Measurable —Metrics that matter (business outcomes) —Verifiable by a 3rd party © 2010 Targeted Learning 0110 TPT 52 61 Setting SMART Goals Remember to be: Aggressive —Breakthrough versus incremental —Requires new skills —Requires new methods/processes —Requires support from others (over whom you have no formal authority) © 2010 Targeted Learning 0110 TPT 52 62 Setting SMART Goals Remember to be: Realistic —Within accountability and control (at least partly) —Consistent with talents and interests —Aligned and supported (by manager and others) © 2010 Targeted Learning 0110 TPT 52 63 Setting SMART Goals Remember to be: Time-Bound —Deadline for completion —Milestones © 2010 Targeted Learning 0110 TPT 52 64 SMART Goals Poor Examples Better Examples 1. Encourage Knowledge Sharing and attend a workshop on developing protégés. 1. By year-end, reduce the time it takes to get newly hired programmers fully functional from 15 months to 9 months. Mentors assigned to all new hires by February 28. Training of mentors by end of March. New-hire learning goals set by April. 2. Decrease the error rate. 2. Decrease the error rate by 15% by October 31. (Five percent by May 31, 10% by July 31.) 3. Improve cash flow analysis for new projects. 3. Improve the planning and cash flow analysis for new projects by July 1st by putting together dynamic plans with cash flow projections in 3 days or less (currently takes 4-5 days and has no cash flow). My supervisor will verify that the plans have the predetermined functionality. © 2010 Targeted Learning 0110 TPT 53 65 Module Five Development Conversations: Maximizing Individual Vitality © 2010 Targeted Learning 0110 TPT 66 Which group got the highest grades? 1. Quantity Group 2. Quality Group 0% 0% 1 © 2010 Targeted Learning 0110 TPT 2 68 67 Which group produced the highest quality pots? 1. Quantity Group 2. Quality Group 0% 0% 1 © 2010 Targeted Learning 0110 TPT 2 68 68 The Ceramics Class 1. This story is a parable about the benefits of being willing to learn by _____, doing and about not being too afraid of making ________. mistakes Mistakes are the tolls we pay on the highway to mastery. 2. When we work on things we care about, our personal _____ pride — and not extrinsic rewards — will be the primary driver of improvement. 68 © 2010 Targeted Learning 0110 TPT 69 The Ceramics Class (Cont’d) 3. The role of the manager is to create opportunities for people to practice in a safe environment and to ensure that people learn from their experience. 68 © 2010 Targeted Learning 0110 TPT 70 The Anatomy of Ability Knowledge Skill © 2010 Targeted Learning 0110 TPT Confidence 69 71 Building Skills permanent Only Practice makes _________. perfect practice plus feedback _______ make ______. Development plans should be __% 20 knowledge focused and __% 80 skill focused. © 2010 Targeted Learning 0110 TPT 69 72 Options for Building Skills and Acquiring Knowledge Options for Acquiring Knowledge • Reading books/articles • Observing an expert • Listening to tapes or experts • Watching videos • Attending workshops or conferences • Talking with a mentor, advisor or coach OPTIONS FOR BUILDING SKILLS AND CONFIDENCE APPLY new knowledge and PRACTICE new skills through: • Job experiences • Special projects • Volunteer work PLUS FEEDBACK • Self evaluation • Personal reflection • After-action reviews • Getting feedback from supervisors, mentors and others © 2010 Targeted Learning 0110 TPT 69 73 Thriving on Change © 2010 Targeted Learning 0110 TPT 74 The Hazards of Fixing Weaknesses © 2010 Targeted Learning 0110 TPT 75 Module Six Results Reviews: Minimizing the Stress —Maximizing the Value © 2010 Targeted Learning 0110 TPT 76 Things Haven’t Changed Much “The Imperial Rater evaluates people not according to their merits, but according to his likes and dislikes.” Comment by a member of the Chinese Imperial Court—China’s Wei Dynasty 3rd/4th Century A.D. © 2010 Targeted Learning 0110 TPT 85 77 The Case for Humility © 2010 Targeted Learning 0110 TPT 78 ConocoPhillips Data © 2010 Targeted Learning 0110 TPT 85 79 ConocoPhillips Data Managers: What are your two greatest frustrations with how your own year-end results reviews are handled? 1. Inadequate (specific, timely, candid and balanced) feedback and coaching. (53% of respondents) 2. Manager’s lack of buy-in, preparation, objectivity and focus. (25% of respondents) 3. Goal-setting process—late, changing priorities, etc. (22% of respondents) 4. Rating/ranking system along with rewards link and timing. (17% of respondents) © 2010 Targeted Learning 0110 TPT 85 80 ConocoPhillips Data Individual Contributors: What are your two greatest frustrations with how your year-end results reviews are handled? (n=1,580) 1. Inadequate (specific, timely, candid and balanced) feedback and coaching. (49% of respondents) 2. Manager’s lack of preparation, objectivity and focus. (26% of respondents) 3. Goal-setting process—late, changing priorities, etc. (26% of respondents) 4. Rating/ranking system—too little appreciation. (25% of respondents) © 2010 Targeted Learning 0110 TPT 85 81 ConocoPhillips Data What is one thing you would change about Performance Management at ConocoPhillips? 2,400 Managers 1,580 Individual Contributors 22% 30% 2. Change rating/ranking system 22% 21% 3. Improve goal-setting process 16% 26% 4. Don’t change it—enforce it 19% - 1. More frequent/meaningful conversations and feedback © 2010 Targeted Learning 0110 TPT 85 82 The Impact of Time on Learning and Performance High Impact on Learning and hence Future Behavior None Distant Immediate Time Lapse Between Behavior/Action and Structured Reviews © 2010 Targeted Learning 0110 TPT 87 83 Personal After-Action Reviews 1. 2. 3. 4. 5. What did I expect to happen? What actually happened? Was there a difference? — If not, what led to the success? — If there was a difference, why was there a difference? What role did I play in creating this outcome? What have I learned for the future? What does this teach me about my strengths? © 2010 Targeted Learning 0110 TPT 89 84 The Six-Question Interim Review Conversation (Supervisor Version) 1. Where are you in terms of the performance objectives and individual development plans you established at the beginning of the year? 2. How well do your current objectives (performance objectives and development plans) align with our organization’s objectives, our team’s objectives and your career objectives? 3. What has gone well so far this year and is continuing to go well? © 2010 Targeted Learning 0110 TPT 91 85 The Six-Question Interim Review Conversation (Supervisor Version) Continued 4. If you were your own coach, what suggestions would you give yourself for the future? 5. What can I do to support you in your work? 6. What other suggestions do you have for me? (What can I do to be a more effective manager/leader?) © 2010 Targeted Learning 0110 TPT 92 86 Keys to a More Value Added and Less Stressful Results Review 1. ____________ Preparation: Define clear standards 2. ____________ Preparation: Continually assess progress 3. ____________ Preparation: Maintain a P&D log 4. ____________ Preparation: Complete a self-evaluation © 2010 Targeted Learning 0110 TPT 95 87 All other things being equal, which of these two people should be given the rating of exceptional? 1. Person A (goal 25%, actual 18%) 2. Person B (goal 10%, actual 12%) 0% 1 © 2010 Targeted Learning 0110 TPT 0% 2 88 All other things being equal, which of these two people should be given the rating of exceptional? 1. Person A (goal 25%, actual 18%) 2. Person B (goal 10%, actual 18%) 0% 1 © 2010 Targeted Learning 0110 TPT 0% 2 89 It is More Important for People to be Heard than to be Agreed With From Harvard Business Review, March 2006, “Why It’s So Hard to Be Fair” by Joel Brockner. The Background: • Company imposed a 15 percent across-the-board pay cut for 10 weeks. • At one plant an executive “briefly explained why, thanked employees, and answered a few questions—the whole thing was over in 15 minutes.” • At the other plant an executive “told them that other costsaving options, like layoffs, had been considered but that the pay cuts seemed to be the least unpalatable choice . . . (the executive) . . . took an hour and a half to address employees’ questions and concerns, and he repeatedly expressed regret about having to take this step.” 111 © 2010 Targeted Learning 0110 TPT 90 It is More Important for People to be Heard than to be Agreed With From Harvard Business Review, March 2006, “Why It’s So Hard to Be Fair” by Joel Brockner. The Outcome: During the ten-week period: • Employee theft was nearly 80% lower at the second plant (where the executive took 90 minutes to hear concerns, answer questions and express regrets), and • Employees at the second plant were 15 times less likely to resign. When people do not feel heard, they feel unfairly treated. And when they feel unfairly treated, they tend to retaliate. An employee who is fired, is 17 times more likely to sue for wrongful termination if he or she feels the process was not fair. 111 © 2010 Targeted Learning 0110 TPT 91 Discussion: Supporting Implementation A. What are the top three barriers to managers/supervisors implementing these ideas at ConocoPhillips? B. What can you do at your level to encourage and support your lower level managers and supervisors in implementing these ideas? 112 © 2010 Targeted Learning 0110 TPT 92 Career Discussions A Key to Engagement in the Future— and Hence Retention © 2010 Targeted Learning 0110 TPT 93 Objectives: Mastering My Career Workshop To give you the concepts, tools and principles you need to take effective responsibility for your own career success. By the end of today, you will have identified action ideas and created an IDP that will increase: —your engagement and happiness at work, and —your contributions to the success of ConocoPhillips. 113 © 2010 Targeted Learning 0110 TPT 94 Objectives: Career Leadership Skills Workshop By the end of this workshop you will: 1. Understand your role, and those of employees and the company, with respect to career development at ConocoPhillips. 2. Know how to help your people take more effective responsibility for their careers, and thereby improve both engagement, performance and retention. 3. Understand the factors that influence careers and career path opportunities at ConocoPhillips. 4. Know how to engage your people in meaningful development/career discussions that will help them make more informed and effective career decisions. 113 © 2010 Targeted Learning 0110 TPT 95 The Engagement Cycle: Get the Timing Right High Ability B C A D Low X High Low Motivation 113 © 2010 Targeted Learning 0110 TPT 96 What is a Career? An occupation with opportunities for progress in terms of ability, contribution, impact and fulfillment. Targeted Learning 114 © 2010 Targeted Learning 0110 TPT 97 Focus on What You Control Ability Contribution Impact Promotion Salary 114 © 2010 Targeted Learning 0110 TPT 98 Which ONE has had the greatest influence on you considering or deciding to leave a previous position or company? 1. Lack of Interesting Work 2. Lack of Meaningful Work 3. Lack of Work-Life Balance 4. Inadequate Salary 5. Inadequate Opportunities for Promotion 6. Inadequate Job Security 7. Non-Supportive Climate 8. Poor Supervisory Style 0% 0% 1 2 0% 0% 0% 3 4 5 0% 0% 0% 6 7 8 114 © 2010 Targeted Learning 0110 TPT 99 Which of the following six factors do you consider the MOST important when choosing your next position? 1. 2. 3. 4. 5. 6. Interesting work Meaningful work Work-life balance Salary Opportunities for promotion Job security 0% 1 0% 0% 0% 2 3 4 0% 0% 5 6 114 © 2010 Targeted Learning 0110 TPT 100 Which of the following six factors do you consider the LEAST important when choosing your next position? 1. 2. 3. 4. 5. 6. Interesting work Meaningful work Work-life balance Salary Opportunities for promotion Job security 0% 1 0% 0% 0% 2 3 4 0% 0% 5 6 114 © 2010 Targeted Learning 0110 TPT 101 What Drives Career Decisions at ConocoPhillips? “What factor is most important in choosing your next position?” 50% Based on data from COP workshops held from 2006-2009. 1,960 managers – Engagement Excellence/6 Conversations 1,385 people who attended the Mastering My Career workshop 41 40% 31 30% 20 20% 14 17 16 9 9 10% 0% 8 5 Interesting Work Meaningful Work Work-Life Balance Salary Supervisory Style 6 7 Job Security 5 3 4 4 Supportive Opportunity Climate for Promotion 115 © 2010 Targeted Learning 0110 TPT 102 What Drives Career Decisions at ConocoPhillips? “What factors in the past have prompted you to look for another job?” 43% 40% 38 % 37% Based on data from workshops held from 2006 through 2009. (2,666 participants who have answered this question.) Note: participants could choose more than one factor. 35% 30% 30% 30% 27% 20% 13% 10% 0% Lack of Interesting Work Controlling Supervisory Style Lack of Meaningful Work Lack of Non-Supportive Opportunity Climate for Promotions Dissatisfaction with Salary Lack of Work-Life Balance Lack of Job Security 115 © 2010 Targeted Learning 0110 TPT 103 The Five Career Stages Applying Sharing Acquiring Creating Leveraging Acquiring Applying Creating Sharing Leveraging Knowledge Knowledge Knowledge Knowledge Knowledge Knowledge Knowledge Knowledge Knowledge Knowledge Learning from others and from experience. Moving towards mastery. Acting under direction from others. Stage One Completing important tasks independently. Demonstrating mastery. Taking initiative within established norms or parameters. Stage Two Questioning the status quo. Adapting existing knowledge to new uses. Inventing (but not championing) new methods, products, technologies, etc. Stage Three Building the ability and confidence of others: —coaching —teaching —motivating —clarifying —giving feedback Institutionalizing knowledge (e.g., best practices) and building organization capability. Building team capacity. Shaping/making decisions that cross organizational boundaries. Stage Four Championing new systems, products, work processes, etc. Stage Five 117 © 2010 Targeted Learning 0110 TPT 104 Research on the Stages of Contribution Average Age 39 39 41 41 94% 100% 70% Percent Viewed as Above Average 60% Stage Three Stage Five Stage Four 26% 15% 0%0 44 Stage One Stage Two Acquiring Applying Creating Sharing Leveraging 117 © 2010 Targeted Learning 0110 TPT 105 Where do your direct reports exhibit the greatest contribution/skill gaps? 1. Acquiring Knowledge 2. Applying Knowledge 3. Creating Knowledge 4. Sharing Knowledge 5. Leveraging Knowledge 0% 1 0% 2 0% 3 0% 4 0% 5 117 © 2010 Targeted Learning 0110 TPT 106 Where do the individual contributors in your organization exhibit the greatest contribution/skill gaps? 1. Acquiring Knowledge 2. Applying Knowledge 3. Creating Knowledge 4. Sharing Knowledge 5. Leveraging Knowledge 0% 1 0% 0% 2 3 0% 4 0% 5 117 © 2010 Targeted Learning 0110 TPT 107 The Stages and The Engagement Cycle Leveraging What can you do to help your subordinates expand vertically in their current jobs? Sharing Creating High Ability Low Applying B C A D Why do some people end up in quadrants C and D? Acquiring High Motivation Low 118 © 2010 Targeted Learning 0110 TPT 108 Other Options – Job Change Applying B C B C A D A D Acquiring Acquiring What are the costs of changing jobs too frequently? To the individual? To the organization? 118 © 2010 Targeted Learning 0110 TPT 109 Which organizational stages gap represents the greatest concern to you? 1. 2. 3. 4. 5. 6. 7. 8. 9. 0. Too few individual contributors Knowledge. Too few managers/supervisors Knowledge. Too few individual contributors Knowledge. Too few managers/supervisors Knowledge. Too few individual contributors Knowledge. Too few managers/supervisors Knowledge. Too few individual contributors Knowledge. Too few managers/supervisors Knowledge. Too few individual contributors Knowledge. Too few managers/supervisors Knowledge. Acquiring Acquiring Applying Applying Creating Creating Sharing Sharing Leveraging Leveraging 0% 0% 0% 1 2 3 0% 0% 0% 0% 0% 0% 4 5 6 7 8 9 0% 10 125 © 2010 Targeted Learning 0110 TPT 110 Discussion: Removing Barriers to Growth 1. What do you consider to be the greatest barriers facing your people as they try to grow from Stage __ to Stage __? 2. What can you do as a leader to either reduce those barriers or to help your people overcome the barriers? 125 © 2010 Targeted Learning 0110 TPT 111 Discussion: Overcoming the Barriers to Implementation 1. What are the top three barriers to managers/supervisors implementing these ideas at ConocoPhillips? 2. What can you do at your level to encourage and support your lower level managers and supervisors in implementing these ideas? 127 © 2010 Targeted Learning 0110 TPT 112