The Leadership Growth Podcast

  1. Succession Planning
  2. Connecting Strategy with Talent Development, Part 1

Connecting Strategy with Talent Development, Part 1

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1 00:00:08,625 –> 00:00:09,291 Hey, everybody. 2 00:00:09,583 –> 00:00:12,583 Welcome to another episode of the Leadership Growth Podcast. 3 00:00:13,583 –> 00:00:17,000 I’m your host, Daniel Stewart, along with my brother, Peter Stewart. 4 00:00:17,708 –> 00:00:19,666 And we’re here to talk about tools and ideas 5 00:00:19,666 –> 00:00:22,750 to help you grow yourself as a leader. 6 00:00:23,333 –> 00:00:24,541 So welcome back, everybody. 7 00:00:24,833 –> 00:00:28,833 And if this is the first time, welcome to a fantastic conversation. 8 00:00:29,500 –> 00:00:36,458 So today’s topic, how do you sync up development with strategy? 9 00:00:37,208 –> 00:00:42,833 Because so many times we hear of training experiences where it’s kind of like 10 00:00:42,833 –> 00:00:45,416 the flavor of the week or the latest great idea, 11 00:00:45,416 –> 00:00:47,541 and they all can be helpful and interesting. 12 00:00:47,541 –> 00:00:51,208 But how do you sequence it up to the overall strategy 13 00:00:51,208 –> 00:00:56,916 of talent development and helping business leaders engage in that 14 00:00:56,916 –> 00:01:01,916 strategy and that development instead of having them kind of one-off efforts? 15 00:01:01,916 –> 00:01:03,875 So that’s the topic today. 16 00:01:03,875 –> 00:01:09,166 But before we dive into that, Peter, you had a recent client experience. 17 00:01:09,833 –> 00:01:12,625 And I think it would be really good to share that. 18 00:01:12,750 –> 00:01:16,083 What was it about that client experience that would be helpful to share? 19 00:01:17,208 –> 00:01:18,625 Yeah, happy to talk about it. 20 00:01:18,625 –> 00:01:20,625 And it’s always good to join for another episode. 21 00:01:20,625 –> 00:01:23,916 And thanks for promising that it’s going to be a wonderful conversation. 22 00:01:24,416 –> 00:01:25,750 Well you set the bar high. 23 00:01:25,750 –> 00:01:26,541 -Yeah, exactly. 24 00:01:27,041 –> 00:01:27,625 -Exactly. 25 00:01:28,250 –> 00:01:29,125 But no, it was great. 26 00:01:29,125 –> 00:01:33,625 So recently I was helping to facilitate, it was an innovation 27 00:01:34,291 –> 00:01:36,500 summit conference for a team. 28 00:01:37,000 –> 00:01:41,083 And what I love about those sorts of engagements, 29 00:01:41,083 –> 00:01:42,208 those sorts of events, 30 00:01:42,541 –> 00:01:47,250 is you bring all these wonderful talented individuals together 31 00:01:47,708 –> 00:01:49,541 and you give them space to develop. 32 00:01:50,166 –> 00:01:53,875 So for this organization, they brought in, it was about 16 or 17 33 00:01:54,166 –> 00:01:57,958 high potential individuals, and gave them a couple days. 34 00:01:58,458 –> 00:02:00,500 We had some instruction on innovation 35 00:02:00,500 –> 00:02:03,333 and helped broaden their horizon on what it meant. 36 00:02:03,916 –> 00:02:06,500 But it gives them space to look at some of the challenges 37 00:02:06,916 –> 00:02:11,041 that the organization is facing, some of the customer expectations, 38 00:02:11,416 –> 00:02:15,875 how you anticipate those, and to really develop some novel new ways. 39 00:02:16,500 –> 00:02:20,583 And the energy that comes when you bring those groups of people together 40 00:02:20,875 –> 00:02:21,750 is so contagious. 41 00:02:22,625 –> 00:02:25,666 And then they had the opportunity to share their ideas with 42 00:02:25,666 –> 00:02:28,250 some of the executive team at the end of the summit. 43 00:02:28,500 –> 00:02:31,333 And so then they get energized by it. 44 00:02:31,416 –> 00:02:34,541 And it was just a reminder to me of one, 45 00:02:34,541 –> 00:02:38,291 when you don’t just talk the talk of innovation, but you actually schedule 46 00:02:38,875 –> 00:02:41,708 and look for ways to enhance it. 47 00:02:42,458 –> 00:02:46,666 But then just that, all of the side benefits from doing it, 48 00:02:47,291 –> 00:02:50,458 whether or not some of these ideas actually come to fruition or not, 49 00:02:51,250 –> 00:02:52,750 the entire group was energized. 50 00:02:52,750 –> 00:02:55,333 They’re going to go talk to their colleagues when they get back 51 00:02:55,583 –> 00:02:59,208 to their respective base, home bases, you know? 52 00:02:59,375 –> 00:03:03,708 The executives kept talking about it afterwards of “What great ideas, 53 00:03:03,708 –> 00:03:07,500 and I never thought about combining these two products together for this offering. 54 00:03:07,500 –> 00:03:11,125 And the way they looked at what— man, what they could build with AI 55 00:03:11,125 –> 00:03:13,333 in a matter of a day just blew my mind.” 56 00:03:13,333 –> 00:03:14,791 Like those sorts of things. 57 00:03:15,375 –> 00:03:19,625 So I think we can think about how do we promote those 58 00:03:19,625 –> 00:03:21,541 innovative ideas in our organizations. 59 00:03:22,125 –> 00:03:26,458 So you’re saying this was not across multiple organizations at a conference. 60 00:03:26,458 –> 00:03:31,458 You were saying this is within one organization, and they came and they invited. 61 00:03:31,708 –> 00:03:36,541 How did they decide who was to come to this innovation summit? 62 00:03:38,208 –> 00:03:39,083 That was a good question. 63 00:03:39,083 –> 00:03:41,125 And this was the first one they did. 64 00:03:41,458 –> 00:03:44,375 So they really just kind of thought, hey, here’s some individuals 65 00:03:44,375 –> 00:03:47,625 that we’ve had our eyes on or thought that they’re really 66 00:03:47,625 –> 00:03:51,166 in kind of some influential roles, some pivotal market leads 67 00:03:51,166 –> 00:03:53,583 and other things like that to bring them together. 68 00:03:54,416 –> 00:03:58,750 And in fact, the dialogue afterwards is, how do we expand this next time? 69 00:03:58,750 –> 00:04:01,541 And how do we bring a few more people in 70 00:04:01,541 –> 00:04:03,583 for another cohort or things like that? 71 00:04:03,583 –> 00:04:08,416 But yeah, it was all within a single organization is what they were doing. 72 00:04:08,916 –> 00:04:09,083 Yeah. 73 00:04:09,625 –> 00:04:13,791 And I’m curious, what sort of ground rules did they set 74 00:04:13,791 –> 00:04:18,958 or did they provide general ideas of areas to focus in on? 75 00:04:19,541 –> 00:04:20,791 How did they frame that up? 76 00:04:21,916 –> 00:04:22,166 Yeah. 77 00:04:22,166 –> 00:04:25,791 So this one, we spent kind of the morning of that first day 78 00:04:25,791 –> 00:04:29,666 really diving into some of the fundamentals of innovation, 79 00:04:29,666 –> 00:04:34,500 how you promote it, prompt it, how it fits within the culture at that organization. 80 00:04:34,958 –> 00:04:40,125 And then they started to get an assignment in which there were some ideas 81 00:04:40,583 –> 00:04:45,041 that they were able to expand on and they’ve broken up into teams. 82 00:04:45,708 –> 00:04:50,250 And we ran an idea lab, like a World Cafe format facilitation 83 00:04:50,250 –> 00:04:53,458 to help break out and get down some of those ideas. 84 00:04:53,458 –> 00:04:58,166 And then that second day was a lot of just building out their solutions, 85 00:04:58,166 –> 00:04:59,500 working in their teams. 86 00:04:59,500 –> 00:05:01,041 They were about four or five in a team. 87 00:05:01,250 –> 00:05:01,583 -Yeah. 88 00:05:02,416 –> 00:05:04,791 Getting ready for a presentation at the end of that second day. 89 00:05:06,250 –> 00:05:10,541 How did you help the senior team, the executives, 90 00:05:10,958 –> 00:05:13,916 know what to say or what not to say at the end? 91 00:05:14,541 –> 00:05:17,833 And there’s a story behind this that I’ll share, 92 00:05:18,666 –> 00:05:20,333 but give me a sense… 93 00:05:20,625 –> 00:05:23,333 How did the executives show up? 94 00:05:23,666 –> 00:05:26,375 How did they, what did they say or not at the end? 95 00:05:28,000 –> 00:05:30,791 We really kind of briefed them in terms of 96 00:05:30,791 –> 00:05:33,208 they knew what the assignment was. 97 00:05:33,708 –> 00:05:36,250 They knew they’d been working on this for just about a day 98 00:05:36,250 –> 00:05:40,208 and a half on the project and that the teams were excited 99 00:05:40,208 –> 00:05:44,583 to share the ideas and they were there to ask questions, 100 00:05:44,875 –> 00:05:47,208 to be able to share some thoughts and ideas. 101 00:05:47,708 –> 00:05:52,083 But it wasn’t a, you know, let’s try and pick things apart 102 00:05:52,541 –> 00:05:55,500 and dig into it to make… 103 00:05:55,500 –> 00:05:57,708 So we tried to keep it on a positive note. 104 00:05:57,833 –> 00:05:58,750 -Yeah, yeah. 105 00:05:59,750 –> 00:06:02,291 So you asked the question for a reason. 106 00:06:02,291 –> 00:06:03,208 (laughing) 107 00:06:03,208 –> 00:06:04,291 What’s behind that? 108 00:06:05,416 –> 00:06:05,791 Yeah. 109 00:06:05,916 –> 00:06:09,750 So I led an innovation summit several years ago 110 00:06:10,041 –> 00:06:14,375 and at end of the two days, the senior leadership team came in 111 00:06:14,666 –> 00:06:17,000 and listened to all of the presentations 112 00:06:17,625 –> 00:06:21,791 and just totally shot holes through all of them, 113 00:06:22,208 –> 00:06:23,791 didn’t adopt a thing, 114 00:06:24,166 –> 00:06:27,791 and began to tell everybody why they were wrong. 115 00:06:28,000 –> 00:06:30,625 (laughing) 116 00:06:30,625 –> 00:06:35,250 And it was, I’m laughing now because otherwise I would be crying. 117 00:06:35,666 –> 00:06:38,958 And it was one of the most like before the end, 118 00:06:38,958 –> 00:06:43,750 it was one of the most empowering, energizing, like innovative, 119 00:06:43,750 –> 00:06:44,916 great ideas. 120 00:06:45,833 –> 00:06:49,583 And they were, it was just shot down and people left 121 00:06:49,875 –> 00:06:51,541 so demoralized. 122 00:06:51,541 –> 00:06:52,000 (laughing) 123 00:06:52,000 –> 00:06:52,958 (laughing) -Oh no. 124 00:06:53,083 –> 00:06:53,583 -It was… 125 00:06:53,708 –> 00:06:58,333 And I’ll never forget, like the CEO, I was coaching him and his team, 126 00:06:58,958 –> 00:07:00,916 saying, this is how you want to respond. 127 00:07:01,166 –> 00:07:01,625 Please. 128 00:07:01,625 –> 00:07:06,500 And he’s like, wow, you are really concerned about the responses at the end. 129 00:07:06,500 –> 00:07:07,916 And I’m like, yes. 130 00:07:08,500 –> 00:07:10,083 And I did everything I could. 131 00:07:10,708 –> 00:07:14,208 But anyway, it was one of those big learning moments. 132 00:07:14,666 –> 00:07:16,916 It’s a learning opportunity for all involved. 133 00:07:17,500 –> 00:07:17,750 -Yeah. 134 00:07:18,416 –> 00:07:18,666 Yeah. 135 00:07:18,666 –> 00:07:18,916 -Yup. 136 00:07:19,708 –> 00:07:20,250 Interesting. 137 00:07:20,250 –> 00:07:22,791 So, great idea though, to do it the right way 138 00:07:22,791 –> 00:07:26,083 and to then frame it up, a lot of great innovation summits. 139 00:07:26,500 –> 00:07:28,541 And what I love about the example is 140 00:07:28,833 –> 00:07:33,708 it’s a bit of a free moment to allow people to explore and there’s 141 00:07:33,708 –> 00:07:37,583 all sorts of great ideas of Google, you know, 20% of your time. 142 00:07:38,625 –> 00:07:42,083 And that’s been used as kind of a yardstick, pros and cons 143 00:07:42,083 –> 00:07:43,291 with all of these things. 144 00:07:43,666 –> 00:07:48,875 But the point is to unleash in formal ways that innovative thinking. 145 00:07:50,166 –> 00:07:50,583 -Yeah. 146 00:07:50,958 –> 00:07:53,375 And there’s so many ways innovation can come about. 147 00:07:53,500 –> 00:07:56,000 I mean, it doesn’t have to be a new product offering. 148 00:07:56,000 –> 00:07:58,541 It can be an innovation in a process of how it’s done, 149 00:07:58,541 –> 00:08:00,125 both internal or external facing. 150 00:08:00,125 –> 00:08:01,750 And there’s lots of opportunities. 151 00:08:02,291 –> 00:08:05,125 And this one was more focused on an outward facing side, 152 00:08:05,125 –> 00:08:05,416 -Mm hmm. 153 00:08:05,416 –> 00:08:07,625 but even getting feedback from the group afterwards, 154 00:08:07,625 –> 00:08:10,375 it’s how do you even expand the degrees of freedom 155 00:08:10,833 –> 00:08:13,166 in terms of those topics that they can select from. 156 00:08:13,500 –> 00:08:15,291 And as I’ve been involved in a few of these, 157 00:08:15,833 –> 00:08:18,583 the more degrees of freedom you give that group, 158 00:08:19,125 –> 00:08:21,875 I think it exponentially increases the ideas. 159 00:08:22,250 –> 00:08:23,208 -That’s fantastic. 160 00:08:24,083 –> 00:08:27,875 So segueing from this innovation comment, 161 00:08:28,458 –> 00:08:32,500 innovation is often one of those skills that leaders need 162 00:08:32,500 –> 00:08:36,375 and they want to develop in addition to a long list of other skills. 163 00:08:37,000 –> 00:08:39,791 And so the question we want to tackle today, Peter, 164 00:08:40,333 –> 00:08:45,291 is whether it’s innovation or whether it’s communication or coaching 165 00:08:45,291 –> 00:08:48,500 or managing change or strategic thinking, 166 00:08:48,916 –> 00:08:51,125 all sorts of different skill sets 167 00:08:51,375 –> 00:08:54,083 that leaders need to develop and improve upon. 168 00:08:54,791 –> 00:08:57,666 How do we help do that, 169 00:08:58,375 –> 00:09:01,708 we as leaders and all of us as we’re listeners here, 170 00:09:02,250 –> 00:09:04,083 and do it in a strategic way, 171 00:09:04,625 –> 00:09:06,541 so it’s not just one offs? 172 00:09:06,791 –> 00:09:08,875 Now, maybe that’s the place to start, 173 00:09:09,291 –> 00:09:12,375 but ultimately, how do we more clearly connect it 174 00:09:12,916 –> 00:09:15,125 to the strategy of the organization 175 00:09:15,416 –> 00:09:18,208 and to a broader, more specific talent strategy? 176 00:09:18,875 –> 00:09:21,541 And that’s where we want to connect those dots 177 00:09:22,041 –> 00:09:24,916 and to be able to help us have that conversation. 178 00:09:24,916 –> 00:09:28,791 I want to introduce our strategic talent framework. 179 00:09:29,125 –> 00:09:33,541 And it’s a three-part framework, and we can use that to guide our conversations. 180 00:09:33,958 –> 00:09:37,416 The first part is all about determining. 181 00:09:37,833 –> 00:09:40,666 Determining the talent strategy, 182 00:09:40,666 –> 00:09:44,125 determining the skills, determining the critical positions, 183 00:09:44,125 –> 00:09:49,750 determining the overall need and focus of the workforce development effort. 184 00:09:50,541 –> 00:09:53,666 And then the second stage is to discuss. 185 00:09:54,083 –> 00:09:56,333 And this is where you have the talent reviews 186 00:09:56,333 –> 00:09:58,791 and the succession planning conversations 187 00:09:59,083 –> 00:10:01,500 and the more formal conversations around 188 00:10:01,833 –> 00:10:05,583 how do we feel these folks are, in objective ways, 189 00:10:06,083 –> 00:10:11,250 against the skills that are needed within those positions? 190 00:10:12,166 –> 00:10:14,875 And then that leads to the third phase, which is the development, 191 00:10:15,250 –> 00:10:19,166 syncing up the development to the overall talent strategy 192 00:10:19,458 –> 00:10:23,250 and the conversations around the talent review and succession 193 00:10:23,708 –> 00:10:28,375 and getting very specific around the skills and approaches to then develop 194 00:10:28,375 –> 00:10:30,750 and then repeat and keep going. 195 00:10:30,750 –> 00:10:36,708 So this determine, discuss, and develop, we want to dive deeper into. 196 00:10:37,166 –> 00:10:41,666 So Peter, as you’re here in this framework, what are initial thoughts 197 00:10:41,666 –> 00:10:44,166 that are going through your head as you’ve done this 198 00:10:44,166 –> 00:10:47,416 for so many different client organizations over the years? 199 00:10:47,958 –> 00:10:50,166 Where should we begin with this? 200 00:10:51,458 –> 00:10:55,458 Yeah, it’s a question that comes up so often as we get involved, 201 00:10:55,458 –> 00:10:58,250 and particularly as we get to know clients even better 202 00:10:58,250 –> 00:11:00,500 and get to know their organizations and the pain points 203 00:11:00,500 –> 00:11:06,041 and some of the common struggles organizations have to fill that talent gap, 204 00:11:06,541 –> 00:11:09,833 to really understand what is the level of talent we have? 205 00:11:10,416 –> 00:11:13,833 How do we develop and improve and identify those individuals 206 00:11:13,833 –> 00:11:17,250 who are going to be the future leaders of this organization? 207 00:11:18,041 –> 00:11:18,458 And… 208 00:11:19,583 –> 00:11:22,291 And there’s often, it just gets overwhelming. 209 00:11:22,875 –> 00:11:27,000 And I think we can look at this very, I say simply, 210 00:11:27,000 –> 00:11:30,916 and recognizing it’s not simple, but we can look at this just, 211 00:11:30,916 –> 00:11:33,958 I think, at a basic level of, let’s just take an example 212 00:11:33,958 –> 00:11:38,000 of a succession planning conversation and how that is illustrated 213 00:11:38,291 –> 00:11:39,625 with these three Ds. 214 00:11:40,166 –> 00:11:42,708 Because this framework applies to so many things. 215 00:11:42,708 –> 00:11:45,666 But if we’re looking at succession planning, okay, determining. 216 00:11:46,291 –> 00:11:50,208 How does one determine how an individual is doing, 217 00:11:50,666 –> 00:11:54,208 where they are being plotted or placed or assessed 218 00:11:55,250 –> 00:11:57,000 based on an organization’s need? 219 00:11:57,333 –> 00:12:00,750 So this is where a nine-box framework might come into play 220 00:12:00,750 –> 00:12:03,250 or other tools of that nature. 221 00:12:03,958 –> 00:12:08,541 So you have that determination, and then you’re not just doing that exercise in a bubble. 222 00:12:09,708 –> 00:12:12,625 It’s coming and bringing people together to talk about it, 223 00:12:13,041 –> 00:12:14,208 to have that conversation. 224 00:12:14,208 –> 00:12:18,333 And this is where that talent review, this discussion part happens, 225 00:12:18,708 –> 00:12:21,583 in which you’re able to get feedback from multiple people 226 00:12:21,791 –> 00:12:27,416 across an organization so that there’s an awareness of the talent that is there. 227 00:12:27,750 –> 00:12:29,791 And then finally, we’re not just stopping of, okay, yep, 228 00:12:29,791 –> 00:12:33,416 we all agree they’re in this box on the plot. 229 00:12:34,083 –> 00:12:36,666 No, no, now we’re looking at, okay, these are strengths. 230 00:12:36,833 –> 00:12:38,291 These are areas of opportunities. 231 00:12:38,916 –> 00:12:39,708 What are we doing? 232 00:12:39,708 –> 00:12:41,083 What plan is in place? 233 00:12:41,083 –> 00:12:43,458 How are we giving them opportunities to grow? 234 00:12:43,750 –> 00:12:46,666 Because that’s really the whole point of this whole process. 235 00:12:47,166 –> 00:12:49,166 It’s not just, ah, we feel good. 236 00:12:49,416 –> 00:12:50,791 Everybody’s plotted on their chart. 237 00:12:51,375 –> 00:12:54,125 Now we can go back and talk about it again in a year. 238 00:12:56,083 –> 00:12:58,250 And unfortunately, it kind of feels like it is that way. 239 00:12:58,250 –> 00:13:03,250 So that’s kind of a quick, again, summary of that determine, discuss, 240 00:13:03,750 –> 00:13:05,083 develop side of it. 241 00:13:05,875 –> 00:13:08,416 So let’s dig a little deeper as we think about determining. 242 00:13:09,125 –> 00:13:11,833 What tips or suggestions would you give, Daniel? 243 00:13:12,500 –> 00:13:15,500 And that’s where I go back to, like, what the heck 244 00:13:15,500 –> 00:13:17,375 is the strategy of the organization? 245 00:13:18,166 –> 00:13:20,083 And how do we approach talent? 246 00:13:20,625 –> 00:13:24,458 And let’s be upfront about it, because there are some organizations 247 00:13:24,458 –> 00:13:27,666 that it’s kind of an up or out talent approach. 248 00:13:28,291 –> 00:13:32,500 If you’re not ready to get promoted in 12, 18, 24 months, 249 00:13:32,916 –> 00:13:35,166 then we’re not going to invest in you. 250 00:13:35,625 –> 00:13:37,500 And that’s not where we’re going to focus. 251 00:13:37,833 –> 00:13:40,333 And I want to be clear, none of this is right or wrong. 252 00:13:41,000 –> 00:13:46,541 It’s matching that talent strategy with the strategy of the business 253 00:13:46,916 –> 00:13:48,833 and being upfront about it with people. 254 00:13:49,750 –> 00:13:53,458 Maybe that’s a talent strategy of we are a lifer. 255 00:13:53,833 –> 00:13:56,375 We want you to build a career here. 256 00:13:56,750 –> 00:14:00,041 And we’re going to then help you have lots of options 257 00:14:00,041 –> 00:14:03,666 and continue to develop in position for a long time 258 00:14:03,666 –> 00:14:08,708 and or move you around in various places and give you potential opportunities. 259 00:14:09,125 –> 00:14:12,666 That’s a distinctly different approach as well. 260 00:14:12,833 –> 00:14:15,791 There might be other considerations such as, 261 00:14:16,083 –> 00:14:20,333 are you a smaller organization in a high growth situation? 262 00:14:20,916 –> 00:14:24,583 All right, then the talent philosophy is going to be very different 263 00:14:24,583 –> 00:14:26,583 and it’s going to be rapid, it’s going to be fast, 264 00:14:26,583 –> 00:14:28,000 it’s going to be skill development. 265 00:14:29,000 –> 00:14:32,250 Are you going to be maybe in a situation where maybe it’s 266 00:14:32,250 –> 00:14:36,750 you’re in a larger organization and it’s maybe a little slower 267 00:14:37,041 –> 00:14:39,166 of a marketplace or an industry 268 00:14:39,375 –> 00:14:42,708 or you’re more of a mature organization and it’s larger. 269 00:14:43,958 –> 00:14:48,208 You may not be able to be promoted in even 270 00:14:48,208 –> 00:14:52,583 four or five or seven years because it’s a slower moving thing. 271 00:14:52,583 –> 00:14:57,416 And especially if that organization values loyalty or tenure, 272 00:14:58,333 –> 00:15:00,291 then that’s a distinct talent strategy. 273 00:15:00,583 –> 00:15:02,291 Let’s be upfront and be clear about it. 274 00:15:02,500 –> 00:15:07,291 All these are important to be very specific about. 275 00:15:07,791 –> 00:15:12,125 And they go into that talent strategy statement. 276 00:15:12,500 –> 00:15:14,916 And that’s where we often will start with clients 277 00:15:14,916 –> 00:15:18,083 to be able to be… let’s write these talent statements. 278 00:15:18,500 –> 00:15:24,416 We are committed to, we believe in, we want to support people who. 279 00:15:24,958 –> 00:15:28,166 All of these are statements to be able to help express 280 00:15:28,583 –> 00:15:32,666 what people can expect to manage their own expectations. 281 00:15:33,291 –> 00:15:38,916 And then as we’ve developed that, it then helps us recognize, 282 00:15:39,166 –> 00:15:43,750 or rather the organization to recognize what should we do next? 283 00:15:44,458 –> 00:15:49,000 And how many different positions are we going to invest in? 284 00:15:49,833 –> 00:15:52,875 And is it everybody, all positions? 285 00:15:53,583 –> 00:15:56,750 Are we going to emphasize certain positions more than others? 286 00:15:57,583 –> 00:16:02,208 And that’s then this next conversation around these critical positions. 287 00:16:02,541 –> 00:16:06,750 And I’ll just say, this can be so hard 288 00:16:07,708 –> 00:16:13,250 because nobody likes to hear that your position is not critical. 289 00:16:14,666 –> 00:16:17,291 And so I’ll, I’ll, I’ll define that more clearly. 290 00:16:17,666 –> 00:16:22,250 A critical position is one that is very hard to fill 291 00:16:22,750 –> 00:16:29,208 and/or takes at least six plus months to get somebody fully proficient in. 292 00:16:30,833 –> 00:16:36,875 And then either one of those, and it has a significant value add 293 00:16:37,291 –> 00:16:39,750 to the most strategic parts of the business. 294 00:16:40,666 –> 00:16:41,125 -Mm hmm. 295 00:16:41,833 –> 00:16:43,916 -Now that’s not every position. 296 00:16:44,291 –> 00:16:49,125 So you have critical positions and then you also have important positions. 297 00:16:50,250 –> 00:16:52,958 Nearly all of the other positions are important. 298 00:16:53,583 –> 00:16:56,500 They might not be as critical, important. 299 00:16:56,708 –> 00:17:00,666 And then you have essential and those essential positions. 300 00:17:00,791 –> 00:17:05,333 So we often think of in those categories, but the critical positions, 301 00:17:05,333 –> 00:17:09,583 they deserve the most attention to be able to develop… 302 00:17:10,708 –> 00:17:11,708 talent for. 303 00:17:12,000 –> 00:17:14,833 Anyway, that that’s the place to then go next. 304 00:17:16,000 –> 00:17:18,666 And it’s so helpful to have that because it, 305 00:17:18,958 –> 00:17:20,583 it provides a filter. 306 00:17:21,166 –> 00:17:23,625 Because especially when we’re talking about large organizations, 307 00:17:23,625 –> 00:17:25,708 or even if you’re doing this within a business unit 308 00:17:25,708 –> 00:17:29,500 of a large organization across, like it can be overwhelming. 309 00:17:30,083 –> 00:17:32,916 And I think that’s one of the main reasons why so often 310 00:17:33,250 –> 00:17:36,250 these talent-based initiatives and frameworks, 311 00:17:37,000 –> 00:17:39,041 they stop before they really get to the end 312 00:17:39,833 –> 00:17:42,958 because you don’t want to offend anybody by not including them. 313 00:17:42,958 –> 00:17:43,666 It’s just too… 314 00:17:43,916 –> 00:17:44,625 So what level? 315 00:17:44,625 –> 00:17:47,375 And, and you go, well, we’re just going to start at this level, 316 00:17:47,375 –> 00:17:48,791 but that’s taking a lot of work. 317 00:17:48,791 –> 00:17:51,958 And by the time you’re thinking that waterfall trickle-down approach 318 00:17:51,958 –> 00:17:55,041 to get down within all levels of an organization, 319 00:17:55,666 –> 00:17:58,500 it’s like, oh man, we’ve stopped. 320 00:17:58,916 –> 00:17:59,708 You know? It just… 321 00:18:00,000 –> 00:18:02,750 So you’re having that first off, 322 00:18:02,750 –> 00:18:05,666 having those talent strategy statements are powerful 323 00:18:06,333 –> 00:18:08,791 because it helps to then give the focus on 324 00:18:08,791 –> 00:18:12,083 what it is we’re looking for and why we’re doing it. 325 00:18:12,791 –> 00:18:17,958 And then to make sure you’re focusing first on those most critical positions. 326 00:18:18,541 –> 00:18:20,791 And so even right there, it’s given it a good place to, 327 00:18:21,125 –> 00:18:24,500 to start because you can’t do it with everybody all at once. 328 00:18:24,708 –> 00:18:25,041 -Yeah. 329 00:18:25,666 –> 00:18:26,041 Okay. 330 00:18:26,041 –> 00:18:31,541 So when clients ask you, how many positions should we focus on? 331 00:18:32,583 –> 00:18:36,791 That is an important question, hard to answer. 332 00:18:37,416 –> 00:18:42,041 I often will say, let’s try to make it as small 333 00:18:42,041 –> 00:18:46,583 of a number as we can, at least for year one. 334 00:18:47,750 –> 00:18:53,208 And the top leaders, the five or six or seven in the leadership role, yes. 335 00:18:53,875 –> 00:18:55,166 Maybe the next level. 336 00:18:56,666 –> 00:18:58,458 And let’s stop there. 337 00:18:59,208 –> 00:19:02,958 And or maybe there’s one or two other key feeder positions 338 00:19:02,958 –> 00:19:06,000 or another VP or another director level. 339 00:19:06,541 –> 00:19:08,250 Can we just do that right? 340 00:19:08,791 –> 00:19:11,166 You know, tackle that for year one. 341 00:19:11,625 –> 00:19:16,041 We can always expand versus let’s do all people leaders 342 00:19:16,333 –> 00:19:19,041 or let’s do everybody in the organization. 343 00:19:19,416 –> 00:19:22,458 And when you start getting into hundreds and hundreds of people 344 00:19:22,458 –> 00:19:24,500 and hundreds of positions, 345 00:19:25,125 –> 00:19:26,958 especially if you’re just starting, 346 00:19:27,708 –> 00:19:29,708 or you were kind of rebooting. 347 00:19:30,458 –> 00:19:31,208 Overwhelming. 348 00:19:31,875 –> 00:19:37,416 And not all of those positions are equal in value to the business, 349 00:19:37,416 –> 00:19:40,250 hence focusing on the critical ones. 350 00:19:40,750 –> 00:19:42,125 20, 25, 30. 351 00:19:42,125 –> 00:19:45,708 I’m realizing I’m answering my own question and let me shut up, 352 00:19:45,708 –> 00:19:46,083 (laughing) 353 00:19:46,083 –> 00:19:46,500 (laughing) Peter. 354 00:19:46,500 –> 00:19:47,750 (laughing) 355 00:19:47,750 –> 00:19:49,291 How would you answer this? 356 00:19:49,291 –> 00:19:50,833 (laughing) 357 00:19:50,833 –> 00:19:52,375 It’s a good answer you’re giving. 358 00:19:52,583 –> 00:19:55,583 I mean, you can give the classic psychological answer of, 359 00:19:55,583 –> 00:19:59,416 well, it depends, you know, because every scenario is a little bit different. 360 00:19:59,416 –> 00:19:59,875 -Yeah. 361 00:19:59,875 –> 00:20:01,958 -But you’re actually reminding me of a situation. 362 00:20:01,958 –> 00:20:06,708 I was recently working with a leadership team of a business unit 363 00:20:07,166 –> 00:20:11,291 and we were really helping to dig in and prioritize 364 00:20:11,291 –> 00:20:14,583 some of their strategic efforts over this next year, 365 00:20:14,833 –> 00:20:17,916 over the subsequent year that was coming up. 366 00:20:18,458 –> 00:20:20,083 And they’d identified it. 367 00:20:20,083 –> 00:20:25,791 And one of the challenges they kept having as things kept being put on their plate 368 00:20:25,791 –> 00:20:27,791 and why we needed to focus on this prioritization 369 00:20:27,791 –> 00:20:32,125 is there was a small percentage of their overall workforce 370 00:20:32,750 –> 00:20:36,541 that continued to be tapped for all of these extra initiatives. 371 00:20:37,041 –> 00:20:37,416 -Right. 372 00:20:37,708 –> 00:20:41,875 -You know, it’s the same, you know, quarter or so of their total workforce. 373 00:20:42,583 –> 00:20:45,625 And I had to keep pausing and saying, look, 374 00:20:46,166 –> 00:20:48,750 yes, we’re talking about prioritizations here, 375 00:20:49,083 –> 00:20:52,291 but do you recognize prioritization is really not your core issue? 376 00:20:53,250 –> 00:20:55,000 You have a talent issue. 377 00:20:56,916 –> 00:21:00,250 You have a talent pool that is not being developed 378 00:21:00,500 –> 00:21:03,791 to meet the needs that are required of this organization. 379 00:21:05,125 –> 00:21:09,041 And that turned it totally on its ear because then you have the opportunity 380 00:21:09,041 –> 00:21:12,541 to build out these talent statements to be able to say, well, wait a minute, 381 00:21:13,166 –> 00:21:14,666 why are we limiting ourselves? 382 00:21:15,250 –> 00:21:18,375 What are we doing to grow and build and identify the needs? 383 00:21:18,708 –> 00:21:22,583 Do we have individuals that are not performing that or are not in the right role? 384 00:21:23,291 –> 00:21:26,208 You know, and so just to broaden that and that’s really 385 00:21:26,208 –> 00:21:29,833 where we’re getting into more of that discussion conversation 386 00:21:30,166 –> 00:21:31,541 as you start to identify 387 00:21:32,000 –> 00:21:32,375 -Yeah. 388 00:21:32,375 –> 00:21:33,875 and determine these things. 389 00:21:34,541 –> 00:21:38,750 I love that because it raises it back to a strategic conversation 390 00:21:39,083 –> 00:21:42,583 and it takes it away from the person per se 391 00:21:42,791 –> 00:21:45,000 and focuses on the work itself 392 00:21:45,000 –> 00:21:47,375 and what’s really needed and where the value is. 393 00:21:47,708 –> 00:21:51,041 And then you can insert the person in the skill set to say, 394 00:21:51,458 –> 00:21:52,291 are they aligned? 395 00:21:52,291 –> 00:21:55,833 How can we help them be most successful in that current role? 396 00:21:57,000 –> 00:22:00,666 Or what conversations do we need to have with them 397 00:22:01,000 –> 00:22:05,458 to accelerate their development because they aren’t doing as well? 398 00:22:05,791 –> 00:22:07,958 Or we need to have that tough conversation 399 00:22:07,958 –> 00:22:10,291 to shift them to a different role. 400 00:22:10,625 –> 00:22:15,458 And that strategic viewpoint then often will help accelerate 401 00:22:15,458 –> 00:22:21,333 and identify the conversations we need to have that maybe are not being held. 402 00:22:22,458 –> 00:22:22,833 -Yeah. 403 00:22:23,333 –> 00:22:24,916 And they’re not the easy conversations. 404 00:22:24,916 –> 00:22:28,291 It also helps you see where you have gaps in skill set 405 00:22:28,875 –> 00:22:30,375 at an organizational level. 406 00:22:31,041 –> 00:22:33,541 And we’ll hear this term strategic hires, 407 00:22:33,916 –> 00:22:35,583 you know, it gets thrown around all the time 408 00:22:35,833 –> 00:22:37,458 and it can mean a lot of different things. 409 00:22:37,458 –> 00:22:42,375 And I think one of the most effective ways to actually make a strategic hire 410 00:22:42,875 –> 00:22:46,083 is to have highlighted and recognize that this is a capability, 411 00:22:46,083 –> 00:22:49,000 this is a skill set that we currently are lacking in. 412 00:22:49,666 –> 00:22:52,125 We need to bring that in from the outside 413 00:22:52,125 –> 00:22:55,375 because we can’t just develop it in here. 414 00:22:55,875 –> 00:22:58,125 You bring that in, hopefully then it’s going to spark some other 415 00:22:58,125 –> 00:23:01,208 development and growth around it because people have had experience 416 00:23:01,750 –> 00:23:04,750 seeing this vision at scale at a larger organization 417 00:23:04,750 –> 00:23:08,416 or looking at how a different operation could be executed 418 00:23:08,666 –> 00:23:10,083 than what we currently are doing. 419 00:23:10,416 –> 00:23:10,833 -Yeah. 420 00:23:11,833 –> 00:23:12,250 Yep. 421 00:23:12,500 –> 00:23:18,250 It’s interesting just as the meeting I have right after this recording of the podcast 422 00:23:18,625 –> 00:23:23,666 is to prepare for a talent review for a large manufacturing organization next week. 423 00:23:24,125 –> 00:23:29,208 And this is year two for them as they have rebooted their journey. 424 00:23:29,791 –> 00:23:34,416 And the decision was made to focus on 35 positions. 425 00:23:35,416 –> 00:23:40,500 And we have now, especially in year two, identified with greater clarity 426 00:23:40,500 –> 00:23:44,458 the skills that are going to be needed at each level 427 00:23:45,291 –> 00:23:50,208 and each position, which is also part of that determining first phase. 428 00:23:50,916 –> 00:23:53,958 Once you identify the positions you want to focus on, 429 00:23:54,291 –> 00:23:57,750 what are the skills that are going to be needed? 430 00:23:58,333 –> 00:24:03,583 And it’s okay to start with a broad set of skills across all leaders. 431 00:24:03,916 –> 00:24:05,333 That’s a good place to start. 432 00:24:06,166 –> 00:24:09,291 Five or seven or 10 or something like this that can be 433 00:24:09,291 –> 00:24:12,250 related to your values, your leadership profile, 434 00:24:12,708 –> 00:24:14,125 a great place to start. 435 00:24:14,708 –> 00:24:21,083 And then as organizations continue to mature, you can divide out those skills by level. 436 00:24:22,083 –> 00:24:26,208 And that’s kind of the next stage of looking at 437 00:24:26,208 –> 00:24:31,375 what are the three, four or five skills needed by level, technical, 438 00:24:31,375 –> 00:24:35,416 but especially then the manager and leadership skills that are going to be 439 00:24:35,416 –> 00:24:41,083 most important to help the organization, again, accomplish its strategic goals. 440 00:24:43,625 –> 00:24:44,041 -Yeah. 441 00:24:44,166 –> 00:24:45,958 It makes it very real. 442 00:24:46,458 –> 00:24:48,625 And I think it also helps make it tangible. 443 00:24:49,000 –> 00:24:53,500 So that the decision-making process feels more clear 444 00:24:53,833 –> 00:24:54,333 -Mm hmm. 445 00:24:54,333 –> 00:24:55,416 as you’re working at it. 446 00:24:55,541 –> 00:24:59,666 Because then you have that determining, then we launch into more of the discussion. 447 00:25:00,166 –> 00:25:04,208 And sure, there’s going to be conversations as you’re determining all of these things. 448 00:25:04,750 –> 00:25:07,500 It’s not to say we determine in a bubble, 449 00:25:07,833 –> 00:25:11,625 vacuum in a backroom office, and now we just bring it all out. 450 00:25:12,125 –> 00:25:15,666 You’re going to have people involved and hopefully the right people involved 451 00:25:15,666 –> 00:25:18,625 to be discussing each of these steps along the way. 452 00:25:19,375 –> 00:25:23,291 But as we have identified the critical statements, 453 00:25:23,291 –> 00:25:26,000 the critical positions, those critical skills, 454 00:25:26,791 –> 00:25:31,041 we’re then able to then share that and really then talk about 455 00:25:31,041 –> 00:25:34,083 individuals at a broader level. 456 00:25:34,083 –> 00:25:37,291 And whether that is at a talent review in which you bring 457 00:25:37,291 –> 00:25:41,458 an entire leadership team together and do that or whatever format that might take. 458 00:25:42,208 –> 00:25:48,708 That conversation, it just highlights and it brings out the content, 459 00:25:48,958 –> 00:25:53,958 the materials, the fodder by which then you can build out these development plans. 460 00:25:53,958 –> 00:25:54,291 -Yeah. 461 00:25:55,250 –> 00:25:59,875 And, you know, speaking of this specific example that I was just referencing, 462 00:26:00,833 –> 00:26:03,875 one of the things that we’ve learned about now in year two 463 00:26:04,083 –> 00:26:07,875 is to identify a specific skill for the more senior level leaders 464 00:26:08,375 –> 00:26:10,625 that wasn’t previously identified. 465 00:26:10,916 –> 00:26:13,875 And that skill is to develop talent 466 00:26:14,833 –> 00:26:17,833 and to, as a senior level leader, 467 00:26:18,208 –> 00:26:22,625 one of the skills that we are now expecting you to be good at 468 00:26:23,083 –> 00:26:28,125 is to develop other talent, which in some ways is kind of a duh. 469 00:26:28,583 –> 00:26:32,625 However, it’s not because it’s not always thought of 470 00:26:32,625 –> 00:26:34,500 as part of your job. 471 00:26:34,875 –> 00:26:38,291 But now in year two, we can add that to the skill set 472 00:26:38,666 –> 00:26:44,500 from which we can then view ourselves and see how we are doing in it. 473 00:26:44,833 –> 00:26:49,000 And then we can get, of course, more specific with each different level, 474 00:26:49,375 –> 00:26:53,125 which leads to the other part of this determine process. 475 00:26:53,750 –> 00:27:00,125 And that is to identify and create a talent profile for each person 476 00:27:00,750 –> 00:27:03,500 of which there will be conversations about. 477 00:27:04,166 –> 00:27:10,166 And that talent profile is critical for each person to complete on their own 478 00:27:10,541 –> 00:27:15,875 so that the leaders are able to understand their self-perception. 479 00:27:16,250 –> 00:27:18,875 What are the things they feel they’re good at or not so good at? 480 00:27:18,875 –> 00:27:20,958 And let’s put the performance reviews 481 00:27:20,958 –> 00:27:22,583 so there’s objective criteria. 482 00:27:23,041 –> 00:27:25,291 What are the engagement review information? 483 00:27:25,791 –> 00:27:28,583 Did they complete their goals or not? 484 00:27:28,833 –> 00:27:31,583 Did they hit the deadlines that they agreed to? 485 00:27:31,958 –> 00:27:35,958 These are the objective measures that absolutely need to be included 486 00:27:35,958 –> 00:27:37,375 on a talent profile. 487 00:27:37,833 –> 00:27:42,708 And then also, what are the comments from the boss, their manager? 488 00:27:43,000 –> 00:27:45,291 And that needs to be included on the talent profile, 489 00:27:45,291 –> 00:27:48,208 as well as the aspirations of the person. 490 00:27:48,791 –> 00:27:49,083 The… 491 00:27:49,375 –> 00:27:50,083 The one… 492 00:27:50,250 –> 00:27:51,708 The thing that makes… -That last part. 493 00:27:51,833 –> 00:27:52,125 -Yeah. 494 00:27:52,291 –> 00:27:57,208 -That last part is so important because you can be preparing somebody 495 00:27:57,625 –> 00:28:00,541 to be the next VP or whatever it might be. 496 00:28:00,833 –> 00:28:03,958 If they don’t care and they don’t want to do it, 497 00:28:04,791 –> 00:28:08,625 are you really developing them or is this wasted resources? 498 00:28:09,041 –> 00:28:15,375 So getting their input… again, these are not processes that are done just in isolation, 499 00:28:15,375 –> 00:28:16,791 you know, covert acts. 500 00:28:17,083 –> 00:28:17,416 -Yeah. 501 00:28:18,083 –> 00:28:19,791 They need to be included. 502 00:28:20,666 –> 00:28:23,625 I just wanted to really hit that last part because we’ve seen 503 00:28:23,625 –> 00:28:26,500 where it’s not it’s not even taken into consideration. 504 00:28:27,291 –> 00:28:27,625 -Yeah. 505 00:28:28,083 –> 00:28:28,833 Thank you. 506 00:28:28,833 –> 00:28:30,541 I was going to emphasize that, too. 507 00:28:31,000 –> 00:28:34,583 And yet it may be an opportunity to then talk to the 508 00:28:34,583 –> 00:28:36,708 individual and paint a different picture, 509 00:28:37,083 –> 00:28:38,541 maybe challenge thinking. 510 00:28:38,541 –> 00:28:38,916 Sure. 511 00:28:39,500 –> 00:28:42,958 But it’s not just to assume they’re going to want it. 512 00:28:43,250 –> 00:28:49,250 However, I will say if the talent philosophy is one of a chess master. 513 00:28:50,791 –> 00:28:54,875 In other words, senior level leaders move people around 514 00:28:54,875 –> 00:28:59,708 and it is understood that you are to simply say yes 515 00:29:00,166 –> 00:29:02,583 and that’s under that’s the expectation. 516 00:29:03,000 –> 00:29:04,500 Again, neither right nor wrong. 517 00:29:05,333 –> 00:29:08,708 But that is a… if that’s the strategy. 518 00:29:09,916 –> 00:29:12,541 I don’t know if that’s always as effective, 519 00:29:13,000 –> 00:29:16,041 especially today with people wanting to have more choice. 520 00:29:16,500 –> 00:29:18,291 However, that’s that’s an approach. 521 00:29:19,500 –> 00:29:22,541 The majority of the time, though, what we find, Peter, 522 00:29:22,541 –> 00:29:23,916 just as you were describing, 523 00:29:24,291 –> 00:29:28,083 check in with the person, see what they are after. 524 00:29:28,375 –> 00:29:31,208 And you can educate them as to more possibilities 525 00:29:31,208 –> 00:29:32,708 that they maybe hadn’t thought of. 526 00:29:33,125 –> 00:29:37,166 But check in with them, especially say they’re elderly folks, 527 00:29:37,416 –> 00:29:40,958 are aging and they need to be present in their lives. 528 00:29:41,375 –> 00:29:43,208 They can’t travel as much, perhaps. 529 00:29:43,375 –> 00:29:44,666 Oh, this is good to know. 530 00:29:44,875 –> 00:29:47,416 It has nothing to do with who they are as a person. 531 00:29:47,791 –> 00:29:48,333 No, no, no. 532 00:29:48,458 –> 00:29:50,333 It’s where their life stage is. 533 00:29:50,583 –> 00:29:54,541 Maybe they have young kids and they need to be able to stay close to other… 534 00:29:55,083 –> 00:30:01,083 There’s a variety of factors to consider before plans are made about them. 535 00:30:02,041 –> 00:30:02,333 -Yep. 536 00:30:02,708 –> 00:30:06,083 And I think the last point we’ll make on this part 537 00:30:06,083 –> 00:30:09,916 is recognizing those aspirations and these talent profiles. 538 00:30:10,375 –> 00:30:15,416 It’s been very important that there are at least two clear tracks 539 00:30:15,875 –> 00:30:17,750 and areas of focus for individuals. 540 00:30:18,166 –> 00:30:22,375 We’re not just exclusively focusing on the development of leadership 541 00:30:22,750 –> 00:30:24,541 or people leader talent. 542 00:30:25,125 –> 00:30:29,416 We’re also focusing on the ability and of technical abilities, 543 00:30:29,625 –> 00:30:33,541 you know, that critical competencies, those other areas, 544 00:30:33,541 –> 00:30:37,166 because not everybody is motivated by wanting to be a people manager. 545 00:30:38,083 –> 00:30:41,500 But yet you want to create an atmosphere in which you’re recognizing 546 00:30:41,500 –> 00:30:44,166 achievement on both avenues there. 547 00:30:44,416 –> 00:30:44,666 -Yeah. 548 00:30:44,666 –> 00:30:46,500 -Because you need talent on both sides. 549 00:30:46,500 –> 00:30:49,500 So I think that’s where in that process we have to be 550 00:30:49,500 –> 00:30:53,833 very much aware that we’re not just ignoring one side or the other. 551 00:30:54,958 –> 00:30:58,666 And I think we’ve started elaborating on this so much. 552 00:30:58,666 –> 00:31:00,250 I think we’re going to have to do a part two 553 00:31:00,708 –> 00:31:01,708 (laughing) 554 00:31:01,708 –> 00:31:02,916 of this to get into the three D’s. 555 00:31:02,916 –> 00:31:04,000 I completely agree. 556 00:31:04,000 –> 00:31:09,666 So, listeners, part two will focus on the discussing 557 00:31:09,958 –> 00:31:12,083 and the developing side of this. 558 00:31:12,375 –> 00:31:17,750 So look out for that next episode, which will be coming out soon as well. 559 00:31:18,625 –> 00:31:23,333 So otherwise, Peter, it’s always fun chatting with you about all these things. 560 00:31:23,500 –> 00:31:28,875 Is there a one thing that you’d want to leave people with 561 00:31:28,875 –> 00:31:33,833 as they’re wanting to connect at least that determined part to the development? 562 00:31:33,833 –> 00:31:35,041 What would you want to emphasize? 563 00:31:36,833 –> 00:31:39,041 I think the one thing is going to be two parts. 564 00:31:39,375 –> 00:31:40,125 (laughing) 565 00:31:40,125 –> 00:31:41,041 I’ll expand it. 566 00:31:41,458 –> 00:31:45,375 Is one, you want to be sure and make the strategic connection clear. 567 00:31:45,666 –> 00:31:47,083 That connection to your strategy. 568 00:31:48,291 –> 00:31:49,416 We kind of glossed over it. 569 00:31:49,416 –> 00:31:51,916 And maybe we’ll put some examples of those in the show notes 570 00:31:52,208 –> 00:31:57,416 of what these talent strategy statements are, because those are absolutely essential. 571 00:31:57,791 –> 00:32:00,625 And the second part of it is start small. 572 00:32:01,166 –> 00:32:01,541 -Mmm. 573 00:32:01,541 –> 00:32:05,833 -Start with a group and a size that is reasonable. 574 00:32:05,833 –> 00:32:07,083 Think beta testing. 575 00:32:07,375 –> 00:32:08,291 Think pilot. 576 00:32:09,000 –> 00:32:12,000 So you’re kind to yourself, you’re kind of the process, 577 00:32:12,333 –> 00:32:14,625 and you’re not over promising to an organization 578 00:32:14,625 –> 00:32:17,125 that then you might not be able to fulfill. 579 00:32:19,375 –> 00:32:23,375 Great advice, especially because whoever you focus on, 580 00:32:23,375 –> 00:32:27,750 however many positions, you’re going to want to have development plans for them 581 00:32:28,208 –> 00:32:29,791 and invest in their development. 582 00:32:30,458 –> 00:32:34,541 And let’s do it really well for those positions 583 00:32:34,541 –> 00:32:36,416 and people who add the greatest value 584 00:32:36,875 –> 00:32:40,083 or who can add the greatest value in the future. 585 00:32:40,583 –> 00:32:43,333 Because that’s the other angle for us to pay attention to. 586 00:32:43,958 –> 00:32:45,250 Peter, always a pleasure. 587 00:32:45,500 –> 00:32:48,583 Listeners, thanks so much for joining us as you’re getting 588 00:32:48,583 –> 00:32:53,875 more and more tools and ideas to help you grow your own leadership development 589 00:32:53,875 –> 00:32:57,500 and capability, as well as the leadership of others. 590 00:32:58,250 –> 00:33:01,416 Please like and subscribe and we’ll look forward to having you join 591 00:33:01,416 –> 00:33:02,708 at a future podcast. 592 00:33:02,708 –> 00:33:03,291 Take care, everyone. 593 00:33:04,416 –> 00:33:07,750 If you like this episode, please share it with a friend or colleague. 594 00:33:07,750 –> 00:33:11,583 Or better yet, leave a review to help other listeners find our show. 595 00:33:12,250 –> 00:33:14,875 And remember to subscribe so you never miss an episode. 596 00:33:15,750 –> 00:33:18,791 For more great content or to learn more about how Stewart Leadership 597 00:33:18,791 –> 00:33:21,416 can help you grow your ability to lead effectively, 598 00:33:21,875 –> 00:33:24,166 please visit stewartleadership.com.

Episode 53: Connecting Strategy with Talent Development, Part 1

Complicated. Difficult. Overwhelming.

These are some of the most common words leaders use when facing talent development and succession planning. What positions are most critical, important, or essential? Who are the best candidates for development? And how can you connect it all to an overall strategy?

In today’s episode, Daniel and Peter break it down into a three-step process designed to give organizations a talent development framework that supports an overall strategy.

Tune in to learn:

How to define a critical position
How to identify the skills you need to develop
What a talent profile is and why it’s important

Plus, two tips to help you start your talent development journey, and a few insights about what to do–and what not to do–at a big offsite meeting.

Questions, comments, or topic ideas? Drop us an e-mail at [email protected].

In this episode:

  • 00:00 – Introduction
  • 00:30 – Episode Topic
  • 01:06 – Recent Client Experience
  • 06:05 – Innovation Summit
  • 08:24 – How Leaders Develop Skill Sets in a Strategic Way
  • 09:22 – Introducing the Strategic Talent Framework
  • 13:06 – Strategic Talent Framework Step 1: Determine
  • 15:57 – The Conversation About Critical Positions
  • 30:55 – Teaser for Connecting Strategy with Talent – Part 2
  • 31:25 – The One Thing to Connect Talent Strategy to Development
  • 32:44 – Wrap-Up

Stewart Leadership Insights and Resources:

Examples of Talent Philosophy Statements:

  • “We believe in fostering a culture of continuous learning and development, empowering our employees to reach their full potential.”
  • “Our talent philosophy emphasizes the importance of open communication, transparency, and a collaborative environment where everyone’s contributions are valued.”
  • “We are committed to identifying and developing high-potential employees, providing them with opportunities for growth and advancement within the company.”
  • “We recognize that our employees are our greatest asset, and we strive to create a workplace that is both challenging and rewarding.”
  • “We promote a culture of accountability, where both leaders and employees are responsible for achieving high standards of performance and delivering exceptional results.”

Typically, you can use the following as sentence starters:

  • We are committed to ___________.
  • We strive to_________.
  • We believe in _________.

Consider building statements on any or all of these talent topics:

  • Performance
  • Development
  • Accountability
  • Transparency
  • Inclusive Philosophy
  • Teamwork
  • Build a Strong Culture

 

 

 

 

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