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Diagnose your leadership risk 

Click on each stage of the leadership talent cycle to assess your leadership risk.

 

  1. Identifying and attracting the right talent
  2. Recruiting and hiring
  3. Onboarding and integration
  4. Developing agility
  5. Engaging and retaining
  6. Managing performance
  7. Aligning the leadership pipeline
  8. Managing top-level succession
  9. Transitioning
New age problem
Gaps appearing in an organization's leadership pipeline are nothing new. But combined with an accelerating Baby Boomer retirement trend, the issue becomes urgent. When a Europe-headquartered global business called on us to help, our executive search and leadership consultants in the United States, Germany, the United Kingdom, Spain, Italy, France, central Eastern Europe, Russia and Turkey worked to close the gaps. We helped to segment the business by job families and define the required selection criteria. External hires were targeted to fill immediate needs, as well as pools of talent and individuals for future acquisition. We also helped the company with internal recruiting tools and ways of developing leaders-in-waiting.
Identifying and attracting the right talent

Whether you are actively managing your leadership talent "brand" or not, you are constantly communicating a message to the marketplace which is either helping or hindering your attraction of the right people.

A demographic “perfect storm” is brewing: an aging population, global mobility of labor and generational changes will transform the leadership talent pool and the demands placed on leaders.

Your potential hires will want to know how you will manage diversity in the workplace and the opportunities you offer for development and growth on and off the job.

 

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To attract the right leadership talent, you will need to ask yourself:

  • Do we know where to find external leadership talent and do we have a systematic approach to targeting and attracting those people?
  • Does our current employer brand increase or decrease our attractiveness to leadership talent?

Need help answering these questions? Then why not talk to one of our consultants?

Employer of choice
When a government infrastructure services company was privatized, it had to change from a silo organization consuming talent to a more integrated group in order to compete aggressively in a wider market. We helped the company to understand the new competencies required and to map both internal and external leadership talent pools. Interviewing skills were standardized across the company. In addition, the business was able to communicate clear career pathways to its leaders. Performance reviews also sharpened the focus. The company is now known as an “employer of choice” in the infrastructure sector.
Recruiting and hiring

Knowing where leadership talent exists outside your organization is the start of a good recruiting and hiring process.

But success requires the alignment of your recruitment with your business strategy and the proactive management of individual leaders on the recruitment journey from talent pool, through interviewing and assessing to negotiating the offer or placing them in your “talent bank”.  And, of course, throughout this you will really need to understand and manage the aspirations and expectations of these new leaders.

 

 

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To hire the right leadership talent, you will need to ask yourself:
  • Does our approach ensure that we deliver the leadership talent that we need to manage our business?
  • Do we have the right mix of rewards for the leadership talent we seek?
  • Do we manage unsuccessful candidates into a potential “talent bank”?

Need help answering these questions? Then why not talk to one of our consultants?

Smoothing the way

An alternative energy pioneer had spent some years developing its products and now needed to move from startup/operational to high growth in order to survive and prosper in a fiercely competitive global arena.

But the culture needed to change to support a transformational leader. With the founders still present in the business, we adopted a multi-phased approach over several years.

New board members and executives were brought on board to help change the legacy mindset. We mapped leadership competencies that would reflect new business goals. We identified internal roadblocks and worked to bring about cultural change in a collegiate manner.

Once the path had been smoothed, an internationally respected chief executive with 15 years' experience in a global business was brought in.

Revenue increased by 110 percent in the first year, with profitability also improving over each quarter. A strong leadership bench is in place, fully integrated into the new high-performance culture.

Onboarding and integration

All of the issues that spell success or failure are likely to show up in a leader's first 100 days. Leadership risks need to be identified and overcome during this period.

Ideally, support processes should already be in place with the three-fold advantage of managing the leader's expectations, ensuring a smooth entry and gaining immediate productivity.

They will need to acquire new local knowledge, work with their team, assimilate into the culture  and set an achievable strategy for early “quick wins.”

 

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To ensure leaders are successfully on-boarded, you will need to ask yourself:
  • Do we understand and manage the expectations of incoming leaders and their teams pre and post employment to ensure integration?
  • What support do we put in place during the crucial first 100 days, and how effective is it?
  • Do we have a culture that is supportive to new leaders?

Need help answering these questions? Then why not talk to one of our consultants?

Example


One of our biggest continuous learning programs is taking place around the world with a global technology brand. The company is reviewing its skill base and ensuring it has a high-performance culture in order to remain competitive in an industry which is subject to constant change. We have completed global benchmarking and people reviews on more than 750 vice-presidents and 3,600 directors in the United States, Europe and Asia Pacific. We have held team workshops and other interventions around global leadership skills and designed a competency framework and development actions which are taking place over a multi-year time frame. The company is also creating strategic rotational opportunities to support career development.

Developing agility

Organizations that survive and thrive in a marketplace of rapidly changing ideas, economic conditions and business models have an attitude of agility. It's inherent in their DNA, and it’s powered by a culture of continuous learning.

The process is facilitated through coaching, follow-through and support. The objective is always to ensure that executives succeed in achieving their business goals by gaining skills, correcting negative behaviors and engaging their teams.

 

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To ensure your leaders and organization have an attitude of agility, you will need to ask yourself:

  • Do we have approaches in place that continuously align and maintain our knowledge and skills with business objectives?
  • Do our leaders have and foster a learning mindset?
  • Do we know for sure that our development programs are impacting business outcomes?

Need help answering these questions? Then why not talk to one of our consultants?

Holding on to key leaders

Operating in a competitive environment, a global financial group had a major challenge in holding on to key professionals.

We conducted a survey of best practices in the wider market, looking at compensation and non-monetary incentives. We also looked at the compensation of the 21 key executive positions in the organization, and advised on the plan of action.

We helped implement ongoing executive development and retention strategies.

Engaging and retaining
The hallmark of successful organizations is their managed turnover of leadership talent. They are adept at creating a work environment that supports the needs of their people. They excel at monitoring the corporate climate and addressing concerns. They have a reputation for diversity and inclusion and the ability to balance work-life issues. They create a workplace that supports the desires, needs and aspirations of their people and ensures clarity of career path and fairness of compensation and rewards.
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To ensure you are retaining the right leadership talent, you will need to ask yourself:
  • How successful have we been at creating an environment that supports the needs of our leadership talent?
  • How have we tried to manage work-life balance, and how much impact have these measures had on business performance?
  • Are we paying above or below the market rates to retain the right leadership talent?

Need help answering these questions? Then why not talk to one of our consultants?

The road ahead

We worked with a leading United States energy company to match people performance with the business strategy of expanding electricity sales and power plant maintenance services.

Working with senior vice-presidents and selected leaders, we selected a division as a pilot for group-level projects and addressed key gaps in leadership performance.

We were able to help bring on board a successor to the retiring human resources director and to complete a new people development vision that was clearly aligned with the strategic roadmap.

Managing performance
High-performing companies share a common attitude: a “can-do” mentality where leaders feel empowered to achieve and innovate. Such companies tend to be intolerant of complacency and have an ability to confront difficult issues. They are able to align their teams around fact-based decisions and achieve collaboration within teams. They expose their top people to different situations to expand their skills and build confidence. Performance management also plays a big part in succession planning. High performance is defined by clearly articulated success criteria, assessment, feedback and coaching. It works to prevent good people from being lost to the competition and brings to the surface anyone who might have been overlooked.
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To diagnose your position on performance, you will need to ask yourself:

  • How do we know if we have the right people at the table to deliver the business strategy?
  • How effective are the approaches we have in place to exit non-performers and support the development of high-potential people?

Need help answering these questions? Then why not talk to one of our consultants?

Identifying and growing high performance leaders

A regional financial services group was split off from its global parent to run standalone businesses in seven countries. General managers of the old subsidiaries are becoming chief executives in their own right, moving from sales-oriented "agency roles" to driving the strategic growth, running the financials and developing new markets.

We looked at what it takes to be an effective chief executive in the new environment, reviewed the current general managers against that model and then closed the gaps with coaching, role-changing strategies and team-building.

Some global searches have been undertaken by our executive search consultants, but the main work has been conducted by our leadership consulting team to develop existing high-performance individuals to re-position their skills for new circumstances.

We also developed more than 340 people from vice-president level upwards to help the business fulfill its goal of being the world leader in its sector.

Aligning the leadership pipeline

Business models change and the leadership pipeline of high potentials needs to be aligned with those changes.

High-potential leaders need to be identified as early as possible in any organization if they are to deliver long-term value and if they are not to be lost to the business.

Successful organizations have a good awareness of where leadership talent resides both inside and outside the organization. They actively mentor and coach their leaders.

 

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To diagnose the strength of your leadership pipeline, you will need to ask yourself: 

  • Do we know who is available to hire now and who we can’t afford to lose to meet our immediate and longer term business challenges?
  • Do our high potentials have access to a program of formal development and informal mentoring by senior leaders, and do these programs have business impact?

Need help answering these questions? Then why not talk to one of our consultants?

    Inside outside

    When the board of the world's biggest company in a major industrial sector asked us to assist with an unexpected CEO succession challenge, we began a two-year program of assessment and coaching for the eight senior executives, together with a parallel global search.

    The result was the successful appointment of an internal candidate. We were then asked to work with the executive team in the review and development of the top 250 executives globally, utilizing a team of our senior partners from the United States, Asia Pacific and Europe.

    Following that process, ongoing succession planning is in place and we have also completed the chairman succession.

    Managing top-level succession

    Even when organizations have succession plans in place, a leader can depart without warning.

    One C-level departure can be disruptive; two at the same time can be disasterous. The only way to ensure continued business growth is to identify the key roles and evaluate the specific risk around each role. The next step is to identify multiple internal and external potential successors and evaluate the competence of each -- not only against perceived present needs -- but the future shape of the business.

    Development plans can minimize the “time to competence” if gaps are revealed in individual competencies.

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    To understand how ready you are to manage top level succession, you will need to ask yourself:

    • Have we identified the critical positions and identified successors for these roles?
    • Do we know the “time to competence” of all of our potential internal and external successors?
    • How effective are our targeted development programs for each successor?

    Need help answering these questions? Then why not talk to one of our consultants?

    Quo vadis, alumni?

    We are often called in after the event, when a senior executive “retires” but ends up consulting for a competitor company. This is almost always because the executive no longer feels valued and has been allowed to slip out with nothing more than a farewell dinner and a gift.

    We advise companies to put in place a strong alumni network which will keep the executives engaged with the business.

    We also advise that, if possible, some part-time work is offered, with fees for bringing in business. There is also an obvious mentoring role for the seniors, who may alert you to issues within the culture. They should also be encouraged to participate in company events and business development pitches.

    Transitioning

    Staying on good terms with long-serving senior executives as they transition out of an organization is crucial if intellectual property is to be retained and if competitive information is not to be lost to a rival.

    How you treat your “wise gray-heads” will also send a message to all in the company, but particularly those executives in senior leadership positions.

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    To understand the message you are sending to your senior leaders, you will need to ask yourself:

    • Do we have a systematic transition program, or are departures dealt with in an ad hoc manner as they arise?
    • What impact does our approach to transitioning have on the development of our leadership pipeline?
    • Do we have an effective alumni organization that supports former leaders, builds our employer brand and adds to our stock of knowledge and intelligence about our market?

    Need help answering these questions? Then why not talk to one of our consultants?

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