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Learn best practices for identifying & developing high potential employees. Based on data from a research study.
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Best Practices for Identifying and Developing High Potentials
Bonnie HagemannExecutive Development Associates
Judy Chartrand, PhDPearson
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Today’s Agenda
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2009/2010 Trends in Executive Development: A Benchmark Report
Trends Survey has been conducted every other year for approximately 25 years
•Participants were senior leaders in leadership and executive development (e.g., Chief Learning Officer, SVP or VP of HR, head of Executive or Leadership Development)
•Participants represented 76 organizations, mostly large, multinational with headquarters based in U.S.
http://thinkwatson.com/downloads/2009-Development-Trends-Report.pdf
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Selected List of Participating Organizations
3MAbbottAmerican ExpressBank of AmericaChevron CiscoDell DowFarmersGlaxoSmithKlineHallmarkIngersoll Rand
IntelInternational PaperMass MutualMcGraw HillNestlePPG IndustriesRHISprintSun MicrosystemsVerizonVanity FairVisteon Corporation
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Priorities in Executive Development
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U.S. Live Births 1905-2005
Birth Chart BuildBirth Chart Build
1905
GI Generation
56.6 Million
1945
Baby Boomers
78.2 Million
1925 1945
Silent Generation
52.5 Million
1965 1985
Generation X
69.5 Million
Generation Y
79.5Million
Latino Immigration
40 Million+
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What This Means for T&D Professionals
Baby Boomers are retiring at the rate of 1 every 8 seconds
The majority of organizational leaders are Baby Boomers (~58 years old).
There are 11% fewer Gen-Xers than Baby Boomers
Generation Y (25 & under) will not be manager/leader material for years to come
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Processes Used to Identify High Potentials
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Competencies Most Lacking in Next Generation Leaders
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Processes Most Effective in Accelerating High Potential Development
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The Executive Perspective
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Research Methodology
We asked HR Executives to nominate “Role Model” executives who have an excellent track record for identifying and developing High Potentials
•We interviewed 37 executives from over 30 organizations
•Executives ranged from C-Level to VP
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List of Participating Organizations
2005
First Data CorpBP AmericaFordVisteon AbbottHoneywellAetna Texas InstrumentsMcDonald’s Navy FederalFederated Department Stores
2007
ARMDow ChemicalMcGraw Hill CompaniesRoyal Bank CanadaPhillipsMacy’s Inc. (formerly FDS)General MillsFederal Aviation AdministrationEisai PharmaceuticalsMcDonald’s Inc.Chesapeake Energy
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The Results:Identifying High Potentials
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Keys to Identifying High Potentials
1. Track Record2. Ability to execute3. Demonstrates initiative and drive4. Understands the people side of the business5. Strong desire to learn, grow, and develop6. Ability to influence across the organization7. Broad view of the organization8. Empathy9. Active Listener
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The Results:Developing High Potentials
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Keys to Developing High Potentials
1. Stretch assignments2. Rotational Assignments3. Developmental conversations 4. Increased level of responsibility5. Exposure to new people and pieces of the business6. Mentoring7. Formal training programs such as Executive MBA, Leadership
Programs, Business Simulations and Action Learning 8. Executive Coaching, Executive Assessment, 360s and individual
development plans
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Activity:Break Into Groups of 5-7
Activity #1 (10 min) Identifying High Potentials
•Benchmark your organization’s practices
•Share practices with colleagues
Activity #2 (10 min) Developing High Potentials
•Benchmark your organization’s practices
•Share practices with colleagues
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Best Practices for a Successful Program
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Resources
Free
2009/2010 Trends in Executive Development Report
1-on-1 High Potential Development Discussion
Books
Decades of Differences by Bonnie Hagemann and Ken Gronbach
The Leadership Pipeline by Ram Charan, Stephen Drotter, and James Noel
FYI: For Your Improvement by Michael Lombardo and Robert Eichinger
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Contact Us
Executive Development AssociatesBonnie Hagemann, [email protected] Free: 866-EXEC DEV (393-2338)www.executivedevelopment.com
PearsonJudy Chartrand, [email protected]
Download research from this presentation at:www.thinkwatson.com/learn-resources.php
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