Succession with performers

There are almost certainly some people in your business who if you were to loose them you are just not going to cry about it. There will however be others who are the life blood of your business perhaps in Project or Executive roles and when they go, it will be a big problem!

In many businesses, succession planning for high performers and talent management is done through a process like making sure you have where possible, at least one off site a ¼ then having drinks with those people you’re a little worried about, to find out what the true story is around their ambitions

The problem with this kind of process and it may not look exactly like this, as it might be a six monthly thing, or you might get one of your team a person you know really well to find out things for you.

Consider four ways of ensuring you know exactly where people are up to on your team, so you don’t get nasty surprises.

  1. Setup agreements with your people so that you’ll let them know if you were ever going to make a move somewhere else with some decent notice and be specific. Ensure in this moment that they also commit to letting you know if they were getting itchy feet or wanted new opportunities, and make sure they commit to giving you the same notice period.
  2. When new people start after 4-12 weeks consider having an up front “Performance Management” style type meeting, this is not to tell them they need to pull their socks up, but more to set the scene for the future, and yes you might even address some tiny niggles early.
  3. Keep the dialogue open between all your team members and understand where your market is at. Are there many opportunities and head hunters calling daily in order to try and snap up your best people. Or is the market really quiet in your neck of the woods.
  4. Find out what your best people value most and make sure you are delivering them what they value. In Sales environments part of this might be about money, but ironically often it may be more about recognition, and often people miss this, until it’s too late.

Have a look at what Jack Welch from GE says about the treatment of people, and just have a think about whether

1) You Agree
2) If you do, is your business treating its people like this? If you don’t, do you have a process that’s really working?

If you are in a business where you often have your people leaving and whether they are good or bad start to look more carefully at what you are and are not doing to mentor your people. The true cost of most team member losses is hidden in many monthly financial reports, why is this?

Well in the past financial reporting has not been smart enough and even today is not able to track the “True cost” of losing a person. Below are some things to consider, the numbers are rough but start to have a think, if you are losing people its probably costing you far more than you imagined! Below the salary is only $70K and being conservative true costs might look like.

If we were to track the true cost to the business of people leaving you would need to consider things like:

Person Leaving Average Salary $70K = $6K per month

  • Recruitment Costs
    – Cost $8K
  • The time it took to get them to full competency (4 months)
    – Cost $24K
  • Time other people “Internal Trainers” spent to get them confident
    – Cost $15K
  • The time peers in the business spent with them (2 months)
    – Cost $12K
  • All the Managers time $120K Salary spent (2 weeks across a year)
    – Cost $5K
  • Loss of productivity from down time while you the role filled
    – Cost $10K
  • HR Team member costs
    – Cost $10K

Total Cost $84K

Now that’s only on the outgoing person who may have only stayed 12 month’s to two years, you will now need to incur all these same costs on retraining the new recruit and if you get it wrong again…

The Best Work Group Sessions

There is a brilliant new book on Amazon.com called The Talent Code – Daniel Coyle. In this book the author looks into what he calls Talent Hotbeds. For example, how does one tiny Russian tennis club set in a forest surrounded by abandoned cars get more world top-20 ranked tennis players than the entire country of the USA?

Or how did the Brazilians manage to go from winning no soccer/football World Cups to winning several in a relatively short timeframe? He has looked at places that produced more classical music geniuses than should ever be considered possible from one place and asked the question – How do they manage this?”

The author brings to bear fascinating research which by understanding could enable you to change the way you work with upskilling your own business teams. Ironically, one thing he found that stood out more than any other single point was that often the people who became the best in the world at their chosen field were not exceptional when they started.

From Spartak, the tiny tennis club in Russia: see Dinara Safina, World Tennis Champion, and her first time on the court.

YOU KNOW WHAT? ACTUALLY SHE’S NOT A NATURAL!

Daniel speaks a lot about the changes that occur in our brains when we are learning new things. Of equal importance for adults in business who want to learn faster is to understand that when children learn things in a great environment where they are incredibly focused, there is often little or no RUBBISH running around in their heads. Because of this, their heads can take EVERYTHING in.

As adults, when we are being trained, at times we are thinking about other things – the new house purchase, a recent breakup, how hot it is outside, etc.

So how might you use this research? Well, another thing they found at these camps or training centres for the best TALENT IN THE WORLD is that the training was often conducted in very small chunks, and slowly!

If the final result of this method was someone like Dinara Safina, a Russian World Number One tennis player from Spartak, how did she do it and what could you do differently to get World Class results from your team members?

Three things to consider changing about learning and performance in your team:

1)Teach material slowly. Take your time; don’t rush. Now, I mean a 1-hour work group session might cover just one product type, such as the number one seller and what she does. Cover the topic so that every person in the room gains a significant amount.

2)People who don’t want help won’t learn. The faster you accept this, the better off you’ll be. If they don’t want to change, have the tough conversation!

3)Team some of your best people with those on their way up that really want to learn. Give them some serious coaching across three or four days. This may only need to be four to five 10-20 minute sessions with the coach (expert). Also, these sessions need not always be face to face.

Being focused on results is great, but so is being focused on superior learning. Make sure that when you are teaching a specific strategy that your people are focused on learning what’s done by the expert, NOT JUST HOW MUCH THEY HAVE TO PRODUCE. Often managers and leaders set up so much stress in environments that people just stop learning.

Check out http://www.TheTalentCode.com

Making OD & L&D Programs Work

Over the years you hear again and again that we are bringing in this major consulting firm, this one or this one. Most often millions of dollars are spent with the result being that at times little if any change occurs in team results or on the front line. Why is that?

Consider some of the following reasons and then some things to do to switch it around in order to get results.

Things to be careful of:

  • Bringing in a boxed solution or template not properly tailored from outside can be very risky. What “the best” safety managers, project managers, site teams do can be very different from what you need. Ignoring the “Local Context” seems to cost organisations a fortune over and over.
  • Avoid having a project led by an an area of the business that will not actually be using it or be fully accountable for the results that the project will or won’t get. E.g. HR make the decision with the business unit heads to go ahead with the specific solution, but the people “In” the business unit are only consulted in a token manner.
  • It is counterproductive to roll out “Great” personal change/new communication/new performance techniques to managers of business units without ensuring that they are accountable for then passing this on and/or teaching it to their reports. At times, managers go on courses, conferences, get great MBA learning themselves from other participants or students and there is never any accountability for them bringing this information back into their own business.

Try Instead:

1)   Understanding the metrics that you are trying to change at the front line.

Is it staff turnover? Greater productivity? Better performance management mechanisms? Then for every step of the way, ask the question “Will using this intervention move those metrics?” If not, then it’s probably the wrong one. E.g. teaching managers to better manage their own state of mind might be a great thing if it helps them be more focused, more present, more attentive in meetings and to manage their performance more effectively. But if this is not stated in the “Outcome,” then chances are this is less likely to occur.

2)Gain a true understanding of what is and is not working inside the business.

Don’t just listen to the managers. Go and ask the people at the very lowest level of the business what they think is wrong. At times, senior managers go out to market and buy things to roll out to their people when in fact they are far off the mark.

3)Ensure that people from all levels of the business can contribute to the program.

The more people who have access to interventions, the better the results. One of my clients had people going from very poor performance to very high performance fast once they knew what they weren’t doing right.

Getting results from Organisational Development and Learning and Development Programs is like any systemic change. Consider how  the system currently works and why. What kinds of things are going to help specific metrics? If you can’t link the key pieces of the intervention back to the metrics, then you may have the wrong pieces and/or provider!

In this short video, IBM looks at some change project statitistics and suggests based on research from at least 1500 companies that the toughest areas to change are people’s attitudes, mindsets and “The Culture”.

They recommend a focus into four key areas to make things work:

  1. Real Insights & Actions
  2. Solid Methods
  3. Better Skills
  4. Right Investment – Time/Resources

Good luck!

Time & business results

I have friends you can’t meet for morning tea for 8 weeks because they are booked out. Others, you can consistently book a catch-up with so long as you give them 7 days notice and that’s that, every time. Then there are people who will be available tomorrow at 3pm or Friday at 9am and any further out than that and you can forget it!

TIME – Why is that the case?

Is it true that the person booked up for 8 weeks is more important, successful or has more happening in their lives than those you could get an appointment with tomorrow?

INTERESTINGLY IN OUR EXPERIENCE, NO!

Funnily enough, some of the leaders of the biggest organisations in the country operate very much in the now. If it weren’t for some very smart assistants, things would look very different. How might this information influence you and your team’s ability to get results?

Is everybody different around time? What kinds of people are similar and why? We will deal with only one part of this major body of work that up until now been badly under-researched.

How do I know? Well, all the time I see organisations facing people issues where certain portions of populations are extremely reactive and others are the opposite, far too slow to react. Where do you sit? How about your best people when you are “Managing Your Talent”? Are they reactive or more strategic? What’s needed more in your environment?

“Your interpretation of time is not a right or a wrong one. However, if you are too extreme either way with regard to your specific work context and what’s required, you can really lose out.”

What should you do to ensure your thinking around time fits with your business role? Here are three suggestions to consider with regard to the people in your workplace.

1)In a fast-paced sales or back office production environment, you probably want to be able to move quickly and hence timeframes are almost certain to be shorter.

2)In a strategic planning or IT implementation environment, it might pay to have a medium-term time perspective. However, watch out! Get this to be more a long-term perspective and that $500 million dollar IT rollout can easily blow into costing twice as much.

3)In Strategy & Planning roles in major organisations, the people involved are better to have a really good understanding of time in the long term. But they still need to be able to partner with the people on the floor conducting the rollout.

So what if you’ve got people in completely the wrong place?

What if you have people (even managers) on the floor who think learning a set of specific behaviours will take 3 months when your best manager considers it can easily be learnt in 24 hours? A problem in many IT, HR and L&D departments is that when major rollouts occur, the third parties always talk about giving things some time… until the budget’s blown and the business is locked into making even tougher decisions!

Expert Knowledge Management

What is Expert Knowledge Management EKM?

As part of a personal aim to see the performance of any business team continue to increase in different business verticals. I’ve decided to contribute to the area of Expert Knowledge Management EKM.

What does that mean, well given my expertise is not in English, it means this blog will be exploring everything to do with getting more out of its best people in major organisations. That includes areas where I have been working for the past 10+ years around talent identification & management, the value of internal collaboration on team performance in both sales & productivity/output based environments, performance management. It also includes areas like how to get value from the use of past cultural transformation, sales & L&D programs that may have worked in small pockets of the business.

A clear distinction to make up front is that this does not mean that the team have to work harder, probably teams do however need to start thinking differently and with more focus on collaboration, performance, strategy, innovation and what it is their best people internally are doing already.

Expert Knowledge Management EKM is a subject few organizations even understand let alone use.

A major part of this blog will be about exploring what the world’s best organizations are doing in this area to ensure that when the markets are falling faster than ever and the “World” is in trouble you have solutions in order to replicate what is best practice not from another country but in many cases within your own organisation.

We will also be looking at how interventions occur in the worlds largest organisations around Human Resources, Talent Identification, Performance Management, Human Performance, Change Management and other related areas.

If you have other questions on these topics that are not answered here, a good research resource can be found at www.behaviourchange.com.au/White-Papers.html

All comments are appreciated and welcomed!