5 Ways to Build a Better Leadership Development Program | Webinar 06.09.15

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Transcript of 5 Ways to Build a Better Leadership Development Program | Webinar 06.09.15

What are the primary of

objectives of your leadership

development program??

?We have re-evaluated

leadership competencies

for our organization in the

past 6 – 12 months.

What you should take-away:

Poor leadership skills are costly to an organization. Organizations need to develop

leaders faster, and build deeper bench strength.

Employee focused leadership development strategies help meet the challenges

faced by today’s leaders.

5 best practices that you can implement to improve your leadership development

program.

360MILLION

WORKERS WILL RETIRE FROM THE

GLOBAL LABOR FORCE BY 2030

Up to 40 to 50% of imported executives

fail within the first 18 months – internal

development is key to success!

SOURCE: McKinsey Global Institute

Knowledge transfer might be the single best reason to

improve your leadership development program . . . now.

33%

by

2016Of the workforce will be over the age

of 50. Up from 27% in 2007

SOURCE: U.S. Census Bureau

48%

Of companies have no intention to do any

strategic planning about how retirement

affects their business!

SOURCE: AARP Poll

Experience,

knowledge, and skills!

Employee Retention

Customer Satisfaction

Employee Productivity

SOURCE: Making the Business Case for Leadership

Development, The Ken Blanchard Companies, 2011.

Poor leadership practices

negatively impact…

Employee Retention

As much as 32% of an organization’s

voluntary turnover can be avoided through

better leadership skills.

SOURCE: Making the Business Case for Leadership

Development, The Ken Blanchard Companies, 2011.

Poor leadership practices

negatively impact…

Customer Satisfaction

Better leadership can generate 3-4%

improvement in customer satisfaction

scores…corresponding to 1.5% increase in

revenue growth.

SOURCE: Making the Business Case for Leadership

Development, The Ken Blanchard Companies, 2011.

Poor leadership practices

negatively impact…

Employee Productivity

Better leadership practices could eliminate

5-10% of productivity drag.

SOURCE: Making the Business Case for Leadership

Development, The Ken Blanchard Companies, 2011.

Poor leadership practices

negatively impact…

Key Challenges Faced By Our LeadersWhat do you need your leaders to do to be successful?

Uncertainty Changing DemographicsNeed for Speed

Great Man

Theories

Leaders are born,

not made

Group Theories

Leadership emerges

in small group

settings

Trait Theories

Universal leadership

traits that can be

taught and learned

Behavioral

Theories

Behavior patterns

that results in

leadership success

Leadership Models For Development

Contingency

Theories

Leadership

behaviors in specific

situations

Excellence

Theories

Traits, behaviors,

and situations allow

people to lead

Transactional /

Transformational

Theories

Behaviors in specific

situations

Social / Connected

Theories

Leadership Models For Development

VISION:

Where are we going and why?

STRATEGY:

How will we get there?

Leadership In Your Organization

RESOURCES:

What’s available and needed?

With each generation entering the workplace, a greater emphasis is placed

on continual development as these new employees know that they are

unlikely to stay more than a few years;

…IT’S ABOUT WHAT THEY CAN DEVELOP AND ACQUIRE TO TAKE TO THE

NEXT STOP IN THE CAREER JOURNEY.

We know that effective leaders are one of the most important influences on

levels of engagement.

Source: Rebecca Ray, Employee Engagement in

a VUCA World

Strong

Executive

Involvement

Tailored

Leadership

Competencies

Alignment with

Business

Strategy

Target Multiple

Levels of

Leadership

Learn By Doing

and

Application

5 Ways to Build a Better Leadership Development Program

Building Teams Own Personal

Development

Clearly Connect

Performance and Bottom

Line Results

1. Executive Involvement

Financial Results

Key Employee Retention

Business Impact

Improve Organizational IQ

Focus on

people

development

and growth

Look to the

future and

strengths

Maximize

potential

Challenge the

status quo

2. Tailored Leadership Competencies

The most effective leaders are all alike in one crucial way: they all have a high

degree of what has come to be known as emotional intelligence. It’s not that

IQ and technical skills are irrelevant. They do matter, but…they are the entry-

level requirements for executive positions…

…emotional intelligence is the sine qua non of leadership. Without it, a

person can have the best training in the world, an incisive, analytical mind,

and an endless supply of smart ideas, but he still won’t make a great leader.

Source: Daniel Goleman, What Makes a Leader, Harvard Business Review

INTERPERSONAL

SKILLS

ABILITY TO

DEVELOP

OTHERS

INTELLIGENCEVISION CHARACTER

PEOPLE

DEVELOPMENT

LEARNING

AGILITY

DIGITAL LITERACYCOLLABORATION GLOBAL

CITIZENSHIP

EMERGING COMPETENCIES

3. Align with Business Strategy

Identify

successors for

critical roles

Enhancing

effectiveness of

current leaders

Accelerate the

development of

high potentials

Develop

leadership bench

strength

Influence or

change company

culture

Increase

employee

engagement and

productivity

4. Target Multiple Levels

Supervisory and Team Lead

High Potential Employees

Managing

New Managers And Newly Promoted

Advanced Leadership

Mid And Senior Level Managers

Technical And Professional

Executive Development

Senior Directors And Vice Presidents

Developing Learning Plans at Different Levels

Supervisory and

Team Lead

• Changing roles and

communication

• What is leadership

• Working with peers

• Delegation

• Establishing

credibility

New Managers

• The management /

leadership mix

• Working with peers

• Developing others

• Emotional

intelligence

Mid-Level

Managers

• Learning resources

targeted to their

role of managing

other managers

• Job rotation and

stretch assignments

for growth

• Feedback and

mentoring

Technical and

Professional

Leaders

• Leadership

fundamentals,

business acumen

and

communication

skills

• Learning at the

time of need and

on-demand

Executives and

Senior

Leadership

• Higher level

leadership skills –

motivation, strategy

and innovation

• Peer to peer

collaboration

• Highly focused

development plans

and executive

coaching

5. Learn By Doing

Rotational

AssignmentsAction Learning

Task Force or

Project TeamMentoring

Experience is a hard teacher. She gives

the test first, the lessons afterwards.

Source: Return on Impact: Leadership Strategies for the Age of Connected Relationships

by David Nour

Strong

Executive

Involvement

Tailored

Leadership

Competencies

Alignment with

Business

Strategy

Target Multiple

Levels of

Leadership

Learn By Doing

and

Application

5 Ways to Build a Better Leadership Development Program

Excellence In Leadership Program

When leaders understand the big picture,

we are able to work together more

efficiently and produce the best collection

of products and systems for our

customers.

Kristen Nazario, HR Director,

Bally Technologies

CORPORATE

COMMITMENT

GOAL ATTAINMENT

LEADERSHIP

VALUES

BALLY PRODUCT

CUSTOMER FOCUS

INTELLECT

OPERATIONAL ISSUES

SELF-FOCUS

GAMING 101

Excellence In Leadership Program

OF PARTICIPANTS GRADUATED FROM THE

PROGRAM80%

earned promotions within

three months of

graduating

30%Our Leadership Development Program has contributed to

better collaboration and synergy among departments – we

are a global company that develops, manufactures, and

services numerous systems and products, when leaders

understand the big picture, we are able to work together

more efficiently and produce the best collection of products

and systems for our customers.

Kristen Nazario, HR Director, Bally Technologies

Excellence In Leadership Program

KEY TAKE-AWAYS

Poor leadership skills are costly to an organization.

Organizations need to develop leaders faster, and build

deeper bench strength.

Strong executive involvement, tailored competencies,

strategy alignment, targeting leaders at all levels and

integrating application of learning and new skills are key

strategies for better leadership development.

BizLibrary provides leadership development resources

targeted to key competencies and leaders across your

organization.

Improving Productivity with Mentoring

8 Part Video Series

• What is mentoring?

• Why a mentoring program?

• Creating a mentoring program

• Matching protégés with mentors

• Making a mentoring agreement

• How to be a mentor

• How to be a protégé

• Mentoring meeting guidelines

Succession Planning for Your Organization

Succession Planning

Video Series

• People Back-Up

• 8 Critical Steps

• The Transition Process

• The Private Business

1. Congratulations, You're a Supervisor!

2. How Good Do You Want to Be?

3. Personal Traits for Success

4. Establish Credibility to Lead

5. Going From Buddy to Boss

6. Your First Team Meeting

7. Research Your New Team

8. Get Team Feedback from Others

9. Interview Your Team

10.Observe Your Team in Action

11.Develop a Team Strategic Plan

12.Mistakes to Avoid

Developing Your New Managers

Developing Emotional Intelligence

Emotional

Intelligence Video

Series

• What is Emotional Intelligence?

• Developing Self-Awareness

• Developing Self-Regulation

• Developing Self-Motivation

• Developing Empathy

• Developing Effective

Relationships

• Emotional IQ and DISC

No Risk Experiential Learning

Business Impact and

Challenge Series

• Course: Problem Solving:

Process, Tools, and Techniques

• Provide leaders with scenario-

based learning that enables

them to experience real world

situations in safe, exploratory

environments.

Improve employee performance with the largest

and fastest-growing library of training videos.

FREE 30-DAY TRIAL!no risk and

no obligation

Visit

align.bizlibrary.com

to learn more.

• 24 Breakout Session from

Practitioners and Industry

Leaders

• 2 Inspiring Keynote Speakers

• Client Awards and Recognition

• Networking and Fun Events!

Jessica Petry

Sr. Marketing Specialist

[email protected]

@JessLPetry

@BizLibrary

Chris Osborn

Vice President of Marketing

[email protected]

@chrisosbornstl

#BIZWEBINAR