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System to align corporate and personal goals The Corporate Talent Pool
If Billy Durant had a talent profile on Walter Chrysler when he made him president of the Buick division of General Motors in 1916,he might have understood that Chrysler would in the end need more scope than Durant gave him.Chrysler would soon outgrow the corporation and need to step out on his own.On page three,inside,is how such a talent pool record might have looked for Chrysler,emphasizing his entrepreneurial bent,his need for control and the mental horsepower to lead a complex diverse and rapidly changing business.
A Corporate Talent Pool is a win-win for the company,for its leaders and for employees.With a declining post- boomer work force, a growing company needs system to make sure that managers and executives are ready,willing and able to step into future leadership roles. Today ’s leaders need system to identify,track,mentor,coach,deploy and develop talent to meet today ’s needs and grow into tomorrow ’s leaders. And young,ambitious men and women need system to give them the skilled knowledge and experience to achieve their dead level best in their careers. The Corporate Talent Pool is a system that meets all of these needs
and more. It is a database containing information on the company ’s leadership talent,from first line manager,through department head,general managers,business unit executives and corporate level line and staff executives. For each person,the file contains information on Horsepower,Energy/ Energize,Skilled Knowledge and Experience,Style,and Track Record, along with suggestions for Management Education. Horsepower is a measure of cognitive capability.It includes estimates of “current potential capability ”,or the managerial level the person could operate at now in a managerial job he or she values,if the individual had the required skilled knowledge and experience.“Mature potential capability ” is an estimate of the managerial level the person could eventually reach.Horsepower measures the individual ’s maximum potential path of development.1 There are six levels of management in a typical medium to large scale company.2 Energy/Energize: measures the commitment and drive of the individual in achieving results and his or her ability to motivate team members and subordinates to achieve. Skilled Knowledge and Experience records an individual ’s education and experience in applying knowledge in a managerial environment,and assesses his or her skills in managerial tasks from context setting through team development to coaching and mentoring.
Data
in the Corporate Talent Pool are compiled from several sources, and are
updated regularly in the process of managerial coaching, mentoring and
performance evaluation. In initial implementation, expert interviews by
professional consultants are used to create the initial record and to
provide measurement and opinion on Horsepower, Style and Developmental
Needs, including managerial assignment and executive education.
Manager and Mentor information is collected to provide preliminary opinion on Energy and the ability to Energize and on specific managerial skills, including setting context, assigning tasks, building teamwork and coaching subordinates. Manager and Mentor opinion is also sought to test out consulting assessments of Horsepower and Track Record.
Important to this focus on improving managerial skills, the operation of the Talent Pool requires managers to build skills in coaching their immediate subordinates and mentoring subordinates-once-removed so that hey acquire the skilled knowledge and experince they need to maximize the potential of the human resources for whom they are accountable.
Importantly, the Corporate Talent Pool supports the individual's responsability to manage his or her own career, and provides a systematic support and set of tools to the individual in doing that. There are big payoffs to the company in implementing the Corporate Talent Pool. Experience also indicates that the program pays for itself in the short term by avoiding unnecessary turnover and the associated costs of replacement. The Corporate Talent Pool is a practical example of how to align individual and organizational goals.
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