developing your talent pipelinejan 31, 2018 · ©2018 aisling group llc coaching talent internal...
TRANSCRIPT
DEVELOPING YOUR TALENT PIPELINE
Presented by Sarah Eppink
2018 OPRA Conference January 31, 2018
©2018 Aisling Group LLC
Agenda ■ The Business Case for a Structured Approach to Developing Talent
■ Succession Planning Model – Identifying Future Needs of the Organization – Identifying Key Positions and Competencies – High-Potentials versus High-Performers – Aligning Development Opportunities – Coaching Talent
■ Keys to Effective Succession Planning
■ Wrap-Up
©2018 Aisling Group LLC
The Business Case for a Structured Approach to Developing Talent
Succession planning: ■ Increases your awareness of the talent (and gaps) in the
organization ■ Aligns strategic planning, rewards, development
activities, and candidate selection ■ Assures continuity of leadership ■ Minimizes premature promotion ■ Increases retention and employee engagement ■ Assists in recruitment efforts
©2018 Aisling Group LLC
Succession Planning Model
1. Identify Future Organizational Needs
2. Identify Key Positions and Competencies
3. Identify High-Potential Talent &
Succession Timeframe
4. Align Development Opportunities to
Successors 5. Coach Talent 6. Monitor & Evaluate
Progress
©2018 Aisling Group LLC
Identifying Future Needs of the Organization
■ What projections can you make about your organization’s future internal and external environments?
■ Given the internal and external environments, what results do leaders need to produce?
■ What knowledge, skills, and convictions do leaders need to develop to achieve those results, both short and long-term?
©2018 Aisling Group LLC
Identifying Key Positions & Competencies
What is the role?
What do they do? • Rare in the market? • Retiring within 5 years? • Department head? • Visible in community? • Specialized knowledge
or expertise? • Leads others? • Leading/doing core
work?
©2018 Aisling Group LLC
Identifying High-Potentials
Who are High-Potentials?
■ High-potentials consistently and significantly outperform their peer groups in a variety of settings
■ They demonstrate behaviors that reflect the organization’s culture and values
■ They exhibit a strong capacity to grow and succeed within their organization (more quickly and effectively than others)
©2018 Aisling Group LLC
High-Performers vs. High-Potentials
High Performing Employees High Potential Employees May require direction Are likely resourceful/proactive Demonstrates follower behaviors Demonstrate leadership qualities Perform their job well Exhibit skills and competencies
beyond their current role Given feedback Seek out and are receptive to
feedback Know the job Know the business
©2018 Aisling Group LLC
Categories for Successor Readiness
■ Ready Now ■ Ready in 1 Year ■ Ready in 2 - 5 Years ■ What if there are no internal
successors? – Examine why this might be – Create “buy” strategy to recruit
successors when needed
©2018 Aisling Group LLC
Aligning Development Opportunities
70-20-10 Model of Development
©2018 Aisling Group LLC
70-20-10 Model: A Closer Look
70%: On-the-Job Experience
20%: Informal/Social Learning
10%: Formal Learning
• New job assignments/tasks
• Developmental assignments
• Cross-functional team assignments
• Stretch assignments • Job rotations
• Feedback from leader and peers
• Mentoring • Ongoing coaching • Observation • Job shadowing • Networking
• Instructor-led sessions • Classroom courses • Online courses • Self-study • Industry-related
seminars and conferences
• Web sessions
©2018 Aisling Group LLC
Coaching Talent ■ Internal Coach
– Most effective when the coach is the immediate supervisor/manager
– Follows up on progress made on development goals
– Creates an environment of openness and trust through two-way communication, empowerment, and autonomy
■ External Professional Coach: – Provides an objective perspective – Supports the client in creating their own
path forward – Possibly provides assessment data (ex:
360-degree assessment) and follow-up action planning
©2018 Aisling Group LLC
Keys to Effective Succession Planning ■ Create as wide and deep of a leadership pipeline as possible ■ Actively develop rising stars ■ Share information about the employee with the employee ■ Spend ample time getting to know the employees in your organization
so you can determine who is high-potential ■ Regularly review and revise your plan:
– Is the current system working? – Are positions being filled internally? – Is the right talent getting developed? – Are successors more ready now than they were a year ago?
©2018 Aisling Group LLC
What Questions Do You Have?
Thank You! Let’s keep the conversation going. Please stay connected and reach out with additional questions!
Sarah Eppink Principal & Founder