Talent 2020: Next In Line - Don't Gamble with Your Future Leaders

Copyright © 2015 Talent Plus® | Lincoln, Nebraska

Talent 2020 Webinar Series“Next In Line: Don’t Gamble on Your Future Leaders”


Private and Confidential

All materials constituting this presentation (the “Materials”) are confidential and proprietary property solely owned and copyrighted by Talent Plus ®, Inc. (“Talent Plus”). The Materials are intended for use only by the individual or entity that receives the Materials directly from Talent Plus (the “Recipient”) and such individuals associated with the Recipient on a “need to know” basis. The Materials shall not be copied, modified or otherwise reproduced by Recipient without the express written permission of Talent Plus.


Speakers

Libby Farmen, M.S.Chief Consulting Officer

Talent Plus ®

Mark Bertsche, M.S.M.Director of Leadership

Consulting and EducationTalent Plus ®

Annie Manganaro, M.S.Leadership Consultant

Talent Plus ®


Next In Line: Don’t Gamble on Your Future LeadersTalent 2020 Webinar Series


Registration Question

On a 1‐10 scale (with 10 high), how confident do you feel about

your company's current succession plan?


Registration Answers

4.5%

4.5%

12%

10.6%

24%

13.6%

18.2%

6%

3%

3%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%

1 (What succession plan?)

2

3

4

5

6

7

8

9

10 (Very confident)

On a 1‐10 scale (with 10 high), how confident do you feel about your company's current succession plan?

Percent Responded

91% Response Rate


What’s Driving This Discussion?

+ The number one reason why succession plans fail – and how you can get it right.

+ The critical elements to mapping out a sustainable succession plan for companies who are focused on growth.

+ How each area of your business will be impacted by the succession planning decisions you make today, and what you can do about it.


Importance of Intentionality

Photo: MoneySupermarket.com

“When a company has a strong talented bench, understands it and intentionally develops it, it fuels

success more quickly.”


Importance of Intentionality


“When a company has a strong talented bench, understands it and intentionally develops it, it fuels

success more quickly.”

Photo: http://www.123rf.com


Top 10 Human Capital Strategies

1 Provide employee training and development

2 Raise employee engagement

3 Improve performance management processes and accountability

4 Increase efforts to retain critical talent

5 Improve leadership development programs

6 Focus on internally developed talent to fill key roles

7 Enhance effectiveness of the senior management team

8 Improve effectiveness of front line supervisors and managers

9 Improve corporate brand and employee value propositions to attract talent

10 Improve succession planning for current and future needs

Source: The Conference Board, 2014

CEOs’ Human Capital StrategiesGlobalN=738 Human Capital Strategies 2014


The Case for Internal Development

90

80

70

5550

Success Rate for External Hires

Success Rate for Internal Promotions

1015


The Sad Reality

Source: Global Leadership Forecast 2014/2015http://www.123rf.com


Poll

What type of succession planning modelbest describes what your company is currently using?


Performance‐ Versus Potential‐Based Succession Planning


4 Steps to Successfully Practice Succession Planning

Photo: MoneySupermarket.comPhoto: http://web.viapeople.com/viaPeople‐blog/bid/98586/Replacement‐Planning‐or‐Succession‐Planning‐The‐Perfect‐Combination


What’s So Cool About Aptitude Testing?



Step 1: Assess Your Talent


Step 2: Understand the Data



4‐D Scatterplot Versus 9‐Box Grid


Top

Perf

orm

er

Candidate A

Mod

erat

e Pe

rform

er

Candidate B Candidate C

Candidate D Candidate E

Low

Per

form

er

Candidate F Candidate G Low Talent Moderate Talent Top Talent


Reshaping the Role of HR – Deloitte 2015 Human Capital Trends Study

Photo: MoneySupermarket.comSource: http://www2.deloitte.com/global/en/pages/human‐capital/articles/introduction‐human‐capital‐trends.html


Step 3: Synthesize Results for Action Planning



Step 4: Implement for Growth


In Conclusion…



New Whitepaper – Hotel Management Magazine and Talent Plus ®


Thank You for Joining!

+ Connect with us online.+ www.talentplus.com+ LinkedIn, Facebook, Twitter,

YouTube

+ Have questions? Call us.+ 1.800.VARSITY+ Email your Talent Plus

contact or [email protected]


SAVE THE DATE – Next WebinarMay 6, 2015 at Noon CDT


Companies are Known by the People They Keep ®

Recruiting & HR

Talent 2020: Next In Line - Don't Gamble with Your Future Leaders