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Managing Leadership Talent Tim Coburn Flourish Ltd Visiting Fellow at Nottingham Business School International Centre for Talent Management and Development February 2009

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Five tools for managing leadership talent: 1. Measure 2. Find 3. Engage 4. Develop and 5. Move. Practical tips from talent management at blue chip companies

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Page 1: Managing Leadership Talent

Managing Leadership Talent

Tim Coburn

Flourish Ltd

Visiting Fellow at Nottingham Business School

International Centre for Talent Management and Development

February 2009

Page 2: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 2

What to expect

Responsible for talent? This is for you

Practical tools and things that work

Use it to check what you’re doing

Page 3: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 3

STRATEGICDECISIONS

FIND

CUSTOMERREQUIREMENTS

PERFORMANCEMANAGEMENT

PLUS

ENGAGEDEVELOP

MOVE

MEASURE

TalentManagement

Page 4: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 4

Start here

Who is your customer?

What is on their mind?

What do they need from you?

How will they measure your success?

Page 5: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 5

It’s 5 things, done well

Practical tools for managing talent:

1. Measure

2. Find

3. Engage

4. Develop

5. Move

Page 6: Managing Leadership Talent

Measure

Page 7: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 7

Measure Your Talent Gap: Tool 1

ROLES

MD

Ops D

Sales D

Dist D

FD

HRD

POSITIONS

4

12

6

6

3

17

READYNOW

1

7

10

8

1

24

RATIO

1:1

1:1

1:1

1:1

1:1

1:1

TARGET

4

12

6

6

3

17

NETSUPPLY

(3)

(5)

4

2

(2)

7

TOTAL 48 51 1:1 48 3

GAP

+ 3

* Data are illustrative only and do not represent any organisation.

Page 8: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 8

Review

Advantages?

Limitations?

Page 9: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 9

Review

AdvantagesQuick and easy to prepare Data evidence builds confidenceHelps to spot gaps for critical roles

LimitationsNo data on current incumbentsRelies on reliability of succession plansBased more on numbers than capability

Page 10: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 10

Measure Your Talent Gap - Tool 2

ROLES

MD

Ops D

Sales D

Dist D

FD

HRD

POSITIONS

4

12

6

6

3

17

READYIN 3 YRS

0

7

2

12

8

3

RATIO

2:1

2:1

2:1

2:1

2:1

2:1

TARGET

8

24

12

12

6

34

NETSUPPLY

(8)

(17)

(10)

0

2

(31)

TOTAL 48 32 2:1 96 (64)

GAP

- 64

Long Term Planning* Data are illustrative only and do not represent any organisation.

Page 11: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 11

Review

Additional Advantages?

Additional Limitations?

Page 12: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 12

Review

Additional AdvantagesProvides long term view - a look down the pipePoints to strategic importance of talentShows who is/is not managing talent wellEncourages line accountability for talent

Additional LimitationsNo data on likely shape of future organisationNo data on when replacements are requiredBased only on internal supply

Page 13: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 13

Measure Your Talent Gap - Tool 3

CurrentlyOpen

Estimate2%

(12)

ExpectedRetirements

Age 58+3% per yr

(54)

ExpectedDeleted

Positions10% This Yr

60

ExpectedNew

Positions2% pa

(36)

2008-11‘Talent’

Positionsto Fill

(192)

ExpectedNormal

Turnover5% per yr

(90)

No. of‘Talent’

Positions2008

600

* Data are illustrative only and do not represent any organisation.

Will all transfer? Probably not

Page 14: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 14

Review

Additional Advantages?

Additional Limitations?

Page 15: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 15

Measure: Review

Additional AdvantagesAnticipates employee & organisation changesMeasures overall demandSupports business case for investment

Additional LimitationsHistorical trend does not predict the futureEmployability of people in deleted rolesStill not addressing capability needs

Page 16: Managing Leadership Talent

Find

Page 17: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 17

Big question

Leadership talent?

What exactly, are you looking for?

Let’s try an experiment…

Page 18: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 18

Experiment

Think of 3 people from different walks of life who show great leadership talent

Not professional, technical, sporting or artistic excellence

Generic ability that differentiates their leadership from others’

Page 19: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 19

What’s it about?

3 abilities that differentiate them

1. How well they….

2. How effectively they…

3. How consistently they…

Page 20: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 20

Research says it’s about

How well you think

How well you influence others

How hard you try

How well you adapt to change

How confident you are

JudgementBreadth

PersuadeTake others with you

Deliver resultsDetermination

Innovative

Willing to change/seek change

Learn from experience

Initiative

Courage

Source: Independent Research/Review of Literature undertaken on behalf of Rolls-Royce plc, 2006

Page 21: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 21

Out of interest

How do you define leadership talent in your organisation?

Page 22: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 22

Know what you’re looking for

1. Identify what differentiates - in your organisation

2. Ask and involve those who really know

3. Look at the research and combine the two

4. Select 3 - 5 factors as behavioural indicators

5. Define evidence statements in simple language

6. Test and agree with line management

7. Communicate and train managers to know what it means - they are responsible for finding it

Page 23: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 23

Deploy to find or draw it out

In RecruitmentJob adverts, role descriptions, leadership brand

In SelectionCriteria for jobs, promotion, talent pools, succession

plans, development centres and programmes

In Development In individual development planning, programme design,

coaching

In Performance Management360 feedback, behavioural performance review

In RewardRecognition schemes, leadership awards

Page 24: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 24

Find: Review

How does your current approach align to the

research?

What improvements could you make?

Page 25: Managing Leadership Talent

Engage

Page 26: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 26

The Case for Engagement is High

Companies with

Achieve more than

And more than

High Employee Engagement

5% greater Operating Margin

3% greater Net Profit Margin

Source: ‘Closing the Engagement Gap’, Towers Perrin, 2008

Page 27: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 27

But, so is

Engagement is improved by many things

pay vision and values brand boss culture

purpose job itself security work-life balance

Performance

And we usePerformanceManagement

to deal with that

Page 28: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 28

So, why not add

And call it

Engagement

Performance Management

Performance Management Plus

to

+

=

Page 29: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 29

Performance Management Plus

Perform

Develop

Perform

Develop

Engage

From this To thisPerformance Management Performance Management Plus

Like Performance and Development,Engagement is a managementresponsibility. It’s part of thesame Conversation

Page 30: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 30

Efficient integration

Perform

Develop

Engage

explain the corporate landscapeunderstand what personally motivatesmake the vital connection and listen,align and adapt

set performance objectivesreview progressgive performance feedback and reward

identify capability gapsbuild development plansgive development feedback and coach

Page 31: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 31

Engagement Tool for Line Managers

What the future here looks like

Where I believe we need to be

Why it’s important we get there

Why it matters to me

How we want to engage you

1. Leader describes a realistic corporate landscape

What my future looks like

Where I believe I want to be

Why it’s important I get there

Why it matters to me

How I need to be more engaged

2. Employee explains whatmotivates and engages them

What our customers need from us both

How the work we need to do can engage me

How the organisation can help me do my best

What more we need from each other

How we can fill any gaps in engagement

3. Leader and employeemake the vital connection

Listen, align and adapt

It starts here

4. They both work at improving engagement

Page 32: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 32

Engage: Review

The benefits of engagement are high

How are you engaging leadership talent?

Who is responsible?

What more can be done?

Page 33: Managing Leadership Talent

Develop

Page 34: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 34

Your experience?

Where is most investment?

1. …

2. …

3. …

What is most effective?

1. …

2. …

3. …

In your experience, how do organisations developleadership talent?

Page 35: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 35

Importance to Personal Development: Rated ‘Absolutely Essential’ or ‘Very Important’

Eff

ec

tiv

en

es

s o

f C

om

pa

ny

: R

ate

d ‘

Ex

ce

lle

nt’

or

‘Ve

ry G

oo

d’

0 10 20 30 40 50 60 70 80 90 0

10

20

30

40

50

60

70

80

Way Jobsare Structured

Special Projects

Speed of Job Moves

Role Models

Told Strengths & Weaknesses

Informal Coaching and Feedback

360 Feedback

Mentoring

Traditional External Training

Traditional Internal Training

Non traditional Learning

IndividualLearning

FormalPerformanceEvaluation

JobRotation

DevelopmentPlans

Outside Testing

THE JOB ITSELF

FEEDBACK & COACHING

FORMAL TRAINING

KEYSource: ‘How Executives Grow’McKinsey Quarterly, 2000

Page 36: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 36

What do you think?

The case for ‘the job’ + feedback is clear

Is the shift to coaching getting results?

It depends on the coaching

Page 37: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 37

Coaching and Feedback

What have you learned from experience?

What is emerging as ‘good practice’?

Page 38: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 38

Develop: A Coaching Tool

1. Identify the behaviour you need to improve

2. Choose colleagues you respect and get them involved

3. Ask them for advice on how to do better

4. Listen, understand and decide what to do

5. Make an action plan and implement it

6. Ask for feedback, advice and support

7. Practice to make it consistently good

8. Review your results with the colleagues involved

9. Thank them for their help and start over again…

With acknowledgements to Marshall Goldsmith, www.marshallgoldsmithlibrary.com

Page 39: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 39

Essentials for Success

Leader wants to improveFocus on 1 (no more than 3) behaviours Respected colleagues are invited and

agree to take partColleagues give constructive feedback Coach ensures the quality of the process Use data as a reference point for progress

Page 40: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 40

Initial Assessment

1st Review

2nd Review

Leadership DevelopmentProgress Review with Colleagues

Behaviour toDevelop

Medium HighLowVeryLow

Very High

0 1 2 3 4

0 1 2 3 4

0 1 2 3 4

Page 41: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 41

Initial Assessment

1st Review

2nd Review

Leadership DevelopmentProgress Review with Colleagues

Behaviour toDevelop

Medium HighLowVeryLow

Very High

0 1 2 3 4

0 1 2 3 4

0 1 2 3 4

Page 42: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 42

At Least 3 Good Meetings

Meeting 1 – Client and Coach Learn about the coaching process, decide what you want to

improve, choose colleagues to involve and plan how to get initial feedback and advice.

Meeting 2 – Client, Colleagues and Coach Review feedback with colleagues, choose 1-3 behaviours you

want to improve, rate your current effectiveness and agree an action plan. Implement the plan. Ask for feedback as you go

Meeting 3 – Client, Colleagues and Coach Listen to feedback about the progress you have made, rate

effectiveness again, plan further improvement actions and evaluate the coaching process

Page 43: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 43

Coaching Tool: Review

Advantages?

Limitations?

Page 44: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 44

Coaching Tool: Review

AdvantagesLeader decides ‘just one thing’ to improveColleagues make it a team effortAccountability is high for everyone involvedResults happen quickly

LimitationsTeam involvement subject to availabilityComplex issues will take longer

Page 45: Managing Leadership Talent

Move

Page 46: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 46

KEY ROLE

KEY TRANSITION

MANAGE SELF

MANAGE OTHERS

MANAGE MANAGERS

MANAGE A FUNCTION

MANAGE A BUSINESS

GROUP EXECUTIVE

MANAGE THE ENTERPRISE

LEADERSHIP TRANSITIONS

Source: ‘The Leadership Pipeline’, 2001by R Charan, S Drotter, J Noel

What’s the goal?

Page 47: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 47

Shift

From:‘Dive and catch’

To:

‘Ready on time’

Page 48: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 48

Move: Goal

A good supply of capable leaders

Right people into the right roles

Owned by line management

Reward for the ‘generators of talent’

Page 49: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 49

Move: How?

Generic career roadmaps - for key roles

Customised career roadmaps - for key talent

Minimum critical requirements eg ‘2+2+2’2 Businesses, 2 Functions, 2 Regions

Company goal and Employee aspiration

Agreed by Executives, enabled by HR

Mitigate hoarding with Rules of Engagement ‘If ready, right for the job and willing to move, they move!’

Page 50: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 50

Move: Review

How to get line management doing it?

How do you reward talent management?

Page 51: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 51

STRATEGICDECISIONS

FIND

CUSTOMERREQUIREMENTS

PERFORMANCEMANAGEMENT

PLUS

ENGAGEDEVELOP

MOVE

MEASURE

TalentManagement

Page 52: Managing Leadership Talent

How are you doing?

Page 53: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 53

Quick Assessment Tool

Use the following Questions to check yourapproach to Talent Management

If you can’t say Yes to the whole question,the best answer is No

Guide

Page 54: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 54

1. Do you have an agreed business case to support theorganisation’s targeted investment in talent management?

2. Is your leadership team engaged and are they actively championing talent management activity?

3. Do you know the job roles or employee groups forwhich you need a strong supply of talented people?

4. Do you have a measurement tool for identifyingtalent gaps and requirements in our organisation?

How are you doing?YES NO

Page 55: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 55

5. Do you have a data-based measurement of the talentrequirements of our organisation?

6. Do you have standard tools, processes and talentmanagement practices to ensure a consistent approach?

7. Do you know the behaviours that differentiate thetalent you need and are they used well in selection,development and performance management?

8. Do leadership teams manage job moves to match theright people to the right roles?

How are you doing?YES NO

Page 56: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 56

YES NO

9. Do your talented people have development plans thatmaximise potential through learning and job experience?

10. Are your managers equipped to engage the talentedpeople they lead as part of their management role?

11. Are managers measured, recognised and rewardedfor their achievements in managing and developing talent?

12. Do your employees know the talent you want and dothey have the opportunity to show and develop it?

How are you doing?

Page 57: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 57

How are you doing?

What are your priorities?

How will you work on them?

Page 58: Managing Leadership Talent

April 13, 2023 © Flourish Ltd 2009 58

For more information:[email protected]

Flourish provides solutions for: Executives Leaders HR business partners Consultants, coaches and facilitators

We have expertise in: Leadership Development Talent Management Employee Engagement Organisation Development

Tim Coburn has more than 20 years experience in senior positions at the BBC, Motorola and Rolls-Royce in talent management, leadership development, OD and learning and development.

He is Managing Director of Flourish, a specialist provider of high value performance and development solutions.

He is a Visiting Fellow at the International Centre for Talent Management and Development at Nottingham Business School, England.