maximizing the individual and organizational impact of professional development
DESCRIPTION
As the business environment (globalization, speed of change) and organizational structures (flatter, matrixed) have changed, the employee’s role in professional development has expanded. Traditional approaches to development have often neglected to align the needs of the business with the career ambitions of the employee — putting the company at risk of losing key talent.Join Scott Mondore from Strategic Management Decisions as he shares ideas on how to maximize the value and business impact of professional development programs while helping employees realize their career aspirations and goals. Learn: How to link employee career development to measurable business outcomes. What role managers and organizations should play in their employees’ professional development. How to assess employees’ professional needs, aspirations and skill gaps. Practical tips on how to best implement professional development in your organization. How to balance preparing for short and long-term business challenges and opportunities.TRANSCRIPT
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Maximizing the Individual and
Organizational Impact of Professional
Development
Speaker: Scott Mondore
Managing Partner
Strategic Management Decisions
Moderator: Kellye Whitney
Managing Editor
Chief Learning Officer magazine
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Maximizing the Individual and
Organizational Impact of Professional
Development
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Kellye Whitney
Managing Editor
Chief Learning Officer magazine
Maximizing the Individual and
Organizational Impact of Professional
Development
#CLOwebinar
Scott Mondore
Managing Partner
Strategic Management Decisions
Maximizing the Individual and
Organizational Impact of Professional
Development
Maximizing the Individual and
Organizational Impact of
Professional Development
Scott Mondore, Ph.D.
Strategic Management Decisions
www.smdhr.com
Presenter Bio-Scott Mondore
Scott Mondore, Ph.D.
Scott has over 15 years of experience in the areas of strategy, talent management,
measurement, customer experience and organizational development. He has internal and
consulting experience across a variety of industries including transportation, healthcare,
manufacturing, pharmaceuticals, utilities, and hospitality.
Scott is currently a managing partner of Strategic Management Decisions (SMD). Before
SMD, he served as East Region President for Morehead Associates, a healthcare HR
company. Before joining Morehead, Scott worked as a Corporate Strategy Director at
Maersk, Inc. He also worked as an Organizational Effectiveness Leader at UPS, focusing on
employee assessment and measurement as well working as a consultant to large and small
organizations in both the private and public sector.
Scott is the co-author of “Investing in What Matters: Linking Employees to Business
Outcomes” (SHRM, 2009) and “Business-Focused HR: 11 Processes to Drive Results”
(SHRM, 2011). and recently won the Walker Prize from HR People & Strategy (HRPS) for
the article that “best advances state-of-the-art thinking and practices in human resources.”
Scott holds a master's degree and doctorate in industrial/organizational
psychology from the University of Georgia.
Learning Objectives
• Understand the current business environment and
implications for career development
• Explore a proven process and corresponding
assessment tools to assist employees in managing their
careers
• Use the process and tools to begin exploring
employees’ career goals and development needs
• Start down the path of creating career development
plans for employees
About SMD:
Driving Business Results Through Talent Management
Our Process
• Implement Talent Management processes based on analytics, linking
people to critical business outcomes
• Partner with our clients to create and execute people strategies that drive
business outcomes and maximize ROI
Our Results
• Linkage of Talent Management (e.g., engagement
survey results, training, performance ratings,
competency assessments) to a variety of business
outcomes:
▫ Operations Metrics (e.g., operating margin)
▫ Financial Metrics (e.g., sales dollars, productivity)
▫ Customer Satisfaction
▫ Turnover/Retention
▫ Employee Safety
• Significant bottom-line improvements and
return-on-investment for our clients.
Connecting Employees
to Business
Results
• HR Strategy & Planning
• Human Capital Measurement
• Talent Management
• Leadership Development
• Executive Assessment &
Coaching
• Organizational Effectiveness
Talent Link Key HR Processes
Business Outcomes
Performance Management
Selection
Employee Survey
360 Feedback
Succession Planning
Competency Builder
Career Development
Reward & Recognition
Training
Examples of
Business Outcomes
People
• Turnover
• Employee engagement
Service
• Customer satisfaction
• Wait times
Quality
• Clinical outcomes
• Product Defects
Finance
• % to budget
• Cost reduction
Growth
• Sales growth
• Margin growth
SMD Publications
The authors’ practical
approach, “Focuses HR
leaders on where to put their
limited time, energy, and
resources to maximize both
individual and organizational
performance.”
Vicki Escarra, President and
CEO
Feeding America
Published by
SHRM (2009)
Published by
SHRM (2011)
Session Agenda
• Overview of the current business environment
• Building the business case for career development
• Overview of our career management model/process
▫ Increasing Self-Awareness
▫ Establishing a Direction
▫ Building a Plan
▫ Executing the Plan
• Practical tips for effective execution
Applied Research and Trends
The Current Business Environment
• Organizations are becoming increasingly flat
• Customers and competitors are global and diverse
• No “life-time” employment
• Career bottleneck – competition for few leadership
positions
• Skills obsolescence
• Adults are having children later in life – during the
prime years of their careers
• Increased life expectancy:
▫ Employees are working longer
▫ Greater responsibility for parents’ care
• Increased desire for work-life balance
The Current Business Environment:
Disenchantment of High Performers
The economic downturn has taken a toll on employee morale:
• 21% of employees were “highly disengaged” at the end of 2009 –
up from only 8% in the first half of 2007
• Among high performers (i.e., “emerging stars”)…
admits to not putting all of his/her effort into the job
intends to leave your company within the year
believes his/her personal aspirations are quite
different from what the organization has planned for him/her
lack confidence in their coworkers and have
even less confidence in their senior team
WHY?! Outsized Expectations & Plenty of Alternatives
Source: Jean, M., & Schmidt, C. (2010). How to keep your top talent.
Harvard Business Review.
The Current Business Environment:
Addressing Generational Differences
Generational differences in employee commitment…
• Least Committed: Generation X (ages 28 – 43)
• Most Committed: Baby Boomers (ages 44 – 62)
Source: Morehead Associates (2008)
Key drivers of commitment for
Generation X:
• Quality/Customer Focus
• Career Growth
• Working Relations
• Involvement
Key drivers of commitment for
Baby Boomers:
• Quality/Customer Focus
• Career Growth
• Compensation
What Our Clients Are Saying…
“How do we make a business case for Talent Management initiatives like Career Development?”
“HR is always the first place Sr. Leaders look to cut expenses.”
“Our managers resist having career discussions with employees.”
“Our employees want help with their careers, but I am not sure where to start.”
“I have a tough time getting the funding for HR investments.”
An Analytics-Based Approach to Career Development
Linking Employee Attitudes to Business
Outcomes
1. Determine Critical
Outcomes
2. Create Cross-Functional Data
Team
3. Assess Measures
4. Analyze the Data
5. Build Program & Execute
6. Measure & Adjust
Business Partner RoadmapTM
• Traditional data analysis includes: • Qualitative analysis or gap analysis (strengths and
weaknesses) • Correlation • Regression
• Advantages of SEM: • Consider multiple independent & dependent
measures concurrently • Imply causality • Calculate ROI • Correct for measurement errors
• SEM is commonly used in other industries (econometrics, market research)
Analytic Approach – Structural Equation
Modeling
Building the Business Case: Case Study
Background: • Large organization
• Recent employee layoffs – 20% across the board
Purpose of Assessment/Intervention: • Focus on retaining ‘surviving’ employees and enhancing
productivity
• Identify ‘invisible levers’ in employee skills, behaviors, and attitudes that drive retention vulnerability and productivity ▫ Leverage historical records and recent employee survey data to
empirically link ‘surviving’ employee data to meaningful business outcomes (e.g., retention vulnerability; productivity)
• Prioritize employee-focused interventions that have a proven impact on key business outcomes
• Provide customized solutions to drive business outcomes
Turnover
Legend
Employee Survey
Training Participation
Mgr Competency Ratings
1a
1b
4
2
3
Numbers in paths indicate the intervention priority based
on the magnitude of the relationship with turnover.
Teamwork
Achieve
Extraordinary
Results
Customer
Focus
Cross-Training
Opportunities
Employee
Development
Career
Development
Opportunities
1
Business Case Study – Drivers of High-Performer Turnover
Poll Question
What business outcomes at your company
would be most impacted by an employee
language training program?
A. Increase sales by expanding into new markets
B. Improve customer satisfaction with multilingual service
C. Increase productivity and innovation with cross-border
collaboration
D. Improve workplace safety by removing language barriers
The Role of Employees, Managers, and the Organization
Who Should Drive Career Development?
Manager’s Role:
• Ensure that each high performer has a career development
plan
• Provide guidance and coaching around career development
• Provide honest, insightful feedback to high performers
regarding their career opportunities & performance
Employee’s Role:
• Increase his/her own awareness regarding competencies,
experiences, interests and opportunities
• Seek feedback and career advice
• Develop a career plan and execute against it
Who Should Drive Career Development?
Organization’s Role:
• Educate high performers about their career management
responsibilities
• Provide a process and tools to help high performers
manage their careers
• Educate managers on their career management coaching
responsibilities
• Provide fair and equal job access to high performers
• Encourage and support retention of high performers within
the organization
• Help employees understand the evolving strategy and
direction/needs of the business
Strategies for Encouraging Career Development
• Create programs that afford fresh assignments – e.g.,
lateral moves which create breadth of experience, job
rotation programs – for minimal cost
• Encourage high performers to make career changes
within the organization
• Provide mentoring programs/opportunities
• Encourage training and development for high performers
• Expand leadership development programs
• Balance development of skills to remain competitive in
the diverse, global business environment
Steps for Managing the Careers of High-Performers
Career Management Process
1. Become more aware of
yourself and the
organization
2. Establish a direction for
managing your career
3. Develop an action plan –
short and long-term
focus
4. Execute the plan –
periodically revisit
Enhance Self Awareness
Establish Direction
Develop Action Plan
Execute and Adjust
Our Career ADVICETM Framework
Career ADVICETM Assess and Develop through Values, Interests, Competencies, and Experiences
• Values & Interests ▫ Aspirations
▫ Likes/Dislikes (be honest!)
• Competencies – strengths & opportunities
▫ Performance management process
▫ Feedback and coaching
• Experiences ▫ General manager
▫ Functional leader
▫ Individual contributor
Managing your career starts with understanding yourself…
Know Yourself
What do I love to do?
What am I great at?
What job factors are important?
Fixed Variable Pay
None A Lot Travel
Not Flexible Location
Generalist Specialist Work
Individual
Contributor Manager Role
None A Lot Balance
Assess your interests…know your strengths
Understanding Your Values
The Talent Link Career Tool
What Is Important to Me?
Achievement
Authority/power
Competing/winning
Conformity
Control
Cooperation
Creativity
Duty/loyalty
Expertise
Financial stability
Friendship
Fun/pleasure
Health
Helping others
Independence
Influence
Integrity
Knowledge/learning
Leadership
Participation
Personal
development
Pressure
Advancement
Work-life balance
Responsibility
Risk taking
Security
Stability
Status/respect
Teamwork
Variety/new
challenges
Wealth
________________
________________
________________
Understanding Your Interests
Talent Link Career Tool
What Do I Enjoy in a Job?
Structure/direction provided by
others
Empowerment/self direction
Flexible work hours
Work at home
Job sharing
Intensive/under fire
Manage people
Work in a team
Work mostly alone
Highly creative
Highly technical
Challenging/high risk
Secure/low risk
Responsibility for projects
Contact with customers
Fast pace/tight deadlines
Less pressure/less urgent deadlines
Personal performance critical to
organization’s success
Personal performance not critical to the
bottom line
Requires attention to detail
Requires continual learning
Requires specialization
Develop long-term work relationships
Work with many different people
Work in a small group
Goals & procedures change often
No/limited travel required
Extensive travel
Understanding Your Strengths and Opportunities
Talent Link Career Tool
What Are My Strengths/Opportunities?
Ethics & Values
Integrity & Trust
Functional/Technical
Skills
Peer Relationships
Customer Focus
Drive for Results
Time Management
Listening
Perseverance
Composure
Planning
Problem Solving
Decision Quality
Priority Setting
Written Communication
Creativity
Conflict Management
Presentation Skills
Directing Others
Hiring & Staffing
Managing Diversity
Motivating Others
Interpersonal Savvy
Developing Others
Building Effective Teams
Dealing with Ambiguity
Managerial Courage
Managing & Measuring
Work
Organizing
Organizational Agility
Command Skills
Sizing Up People
Priority Setting
Strategic Agility
Managing Vision &
Purpose
Innovation Management
Negotiating
Understanding Your Experiences
• Leaders must be “A”
performers in their current
roles before expanding or
progressing
• Each progression requires
different skills, time
perspectives, and values
• Not all leaders make
transitions effectively
• Breadth of experience
through different types of
roles helps leaders gain the
experience needed to
succeed in bigger roles
• Not all roles within a level
are equal
Turn One
Turn Two
Turn Three
Turn Four
Turn Five
Turn Six
The Leadership Pipeline
Model adapted from Leadership Pipeline by S. Drotter et
al.
Talent Link Career Tool
What are My Significant Experiences?
Developed a functional
expertise
Performed multiple roles within
your function
Would be considered a
generalist within function
Would be considered a
specialist within function
Managed others
Managed managers
Managed large projects
P&L experience
Obtained industry expertise
Risk Management experience
Managed technology related
project
Sales & Marketing experience
Led cross-functional project/team
Led significant organizational
change
Operations experience
Managed products/service lines
Led significant innovation
Understand the breadth and depth of experiences required for a target
role; Identify the experiences you have had and the ones you haven’t…
The First Step in Building a Plan
Integrating Your Assessments
Va
lue
s Achievement
Expertise
Independence
Variety/New Challenges
Helping Others
Inte
rest
s Empowerment/ Self Direction
Contact With Customers
Challenging/ High Risk
Fast Pace/ High Pressure
Work With Different People
Co
mp
ete
nc
ies Dealing With
Ambiguity
Building Effective Teams
Motivating Others
Organizing
Problem Solving Ex
pe
rie
nc
es
Managing Others
Functional Expertise
Industry Expertise
Considered a Generalist
Managed P&L
Your Ideal Job
• What is your ideal job? It should…
▫ Leverage your strengths and experiences
▫ Align with your interests and values
• What is the path to that job?
• What are your gaps to obtaining that job?
▫ Competence
▫ Experience
• The “ideal” job may change over time—re-
assess values, interests, competencies and
experiences annually
Influence What Is In Your Control
Building An Action Plan
• Setting Career Goals:
▫ Think 3 – 5 years out
▫ SMART criteria still apply
Specific
Measureable
Actionable
Realistic
Timely
• Actions should prepare you for the next role with an
eye on the long-term goal
• Informational interviews can provide additional insight
into path/gaps
Development Levers
• Promotion
• Expand scope/complexity of role
• Build skills/learning
▫ Focus on non-technical skills (e.g. Language
Learning)
• Change in job function (lateral)
• Cross-functional assignment
• Special programs
• International Assignments
Short-Term Execution for Long-Term Achievement
Owning Your Career
• It’s about performance and development today
• It’s about energizing others and leading from the front
• It’s about exploring all possibilities and increasing the
odds
• It’s about building relationships and strengthening
existing ones
• It’s about embracing change and taking risks
• It’s about striving for excellence and avoiding
mediocrity
• It’s about anticipating the skills and experiences
necessary to succeed tomorrow
Executing the Plan
• Performance drives everything – perform in your
current role
• Work on shoring up competency and/or experience
gaps
• Develop an expertise
• Be proactive – don’t wait on your manager or the
organization
• Be patient and build skills that increase your
marketability
• Network with successful people
Practical Tips
• Treat your boss as your most important client
• Do everything asked of you…then ask for more
• Be consistent in your relationships and how you treat people
• Ensure you ask for feedback and then act on it
• Performance management conversations are keys to your
success
• Constantly expand your sphere of influence
• Build your technical expertise and your leadership skills
• Know the industry
• Don’t worry about just “moving up” – sideways works
wonders too
A Comprehensive Strategy
Career Assessment/ Development
Leadership Development
Succession Planning
**Career Development should not occur in a vacuum**
What We Have Covered
• How to use analytics to make the business
case for career development
• How to build and implement a comprehensive
approach to awareness of career goals and
interests
• How to create an effective career
development action plan
• Practical tips for success
Scott Mondore, Ph.D.
Managing Partner
404.808.4730
www.smdhr.com
800.811.2755
RosettaStone.com/Business
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