When will the current leaders realize that their primary role and
responsibility is to develop their people? In other words, developing
the future leaders of the company should be the one skill set that
carries the most weight with any performance evaluation. For a People
Development process to succeed, it must be totally supported by the
Board of Directors and Senior Leadership Team.
The key to any succession planning process or high potential development
tract is the fact that all involved have a complete understanding of
the design for the outcome. The goal should be a
stable of future leaders that can assume a more advanced role if needed
to do so tomorrow. With warmer weather around the corner a great example is Baseball Season starting; it is similar to creating all-star utility
infielders. Multi-positional players that have the talent to assume any
position when needed. That's the design of the final three positions
on any major league team.
First, a plan must be established to create the process that will
satisfy that goal or objective. This plan must include the selection
criteria, the course curriculum, presentation of the vision, mission,
core values and culture of the company to each candidate, integration of
the business strategy, implementation of a coaching/mentoring program
in association with the process, realistic expectations including
drop-outs, and most importantly the measuring sticks to define success
or failure. The primary question is how are we going to determine a
high potential candidate and how are we going to measure the candidates
progress. Make sure that you have the tools and vehicles in place to do
just that!
Second, you must implement the plan and review the progress on a fixed
timeline. It may be quarterly, semi - annual or annual. This review is
of the entire process not the individual process. This should be done
on a weekly or bi-weekly basis with the participant and their coach.
Last but not least, the progress and success of the process must be
monitored and measured with a willingness to change if necessary. Make
sure the Senior Leadership Team is willing to spend the time to do this
since this is their primary role and responsibility. This allows them
to focus on other aspects of their business strategy but still
prioritizing the People Development Process.
The cost per candidate usually falls in the $2500 to $5000 range
depending on the course structure, curriculum, assessment instruments,
consulting fees and other miscellaneous items. Make sure that they
expect a certain percentage to "wash out" but the final ROI is
determined by how many people we can develop and to keep the leadership
roles in the company filled with little or no gaps in between. So, do
you believe that People Development is the primary responsibility of
your leadership team today? If not, it might be time to sit down and
focus on the future!
Article by Richard Hohmann, Senior Business Consultant at Innovative Leadership He also facilitates the Leadership and Management Development Programs offered by his company. Richard adds that “real life” experiential learning component that many training programs do not. He is a certified Corporate Business and Executive Coach and works with many successful business executives worldwide. The integration of his experience and his skill sets relative to facilitation and coaching can provide a much better outcome than one by itself.
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