TALENT ACCELERATION STRATEGIES TO RAMP UP GROWTH
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TALENT ACCELERATION STRATEGIES TO RAMP UP GROWTH
- 1. #WFwebinar The presentation will begin at the top of the hour. A dial in number will not be provided. Listen to today’s webinar using your computer’s speakers or headphones. Welcome to the webinar!
- 2. #WFwebinar Tools You Can Use Audio Control – A dial in number will not be provided. – Adjust the volume on your computer or headphones
- 3. #WFwebinar Questions and Handouts You can submit questions by clicking on this icon here. You can download a PDF of the slide deck by clicking here.
- 4. #WFwebinar 1. May I receive a copy of the slides? YES! Click on the handouts list located on the right portion of your screen. 2. May I review the webinar recording at a later date? YES! You may log in again using today’s link to review the presentation on-demand. 3. Is this webinar HRCI or SHRM certified? YES! The HRCI and SHRM certification codes will be sent in the same follow up email as the recording Frequently Asked Ques0ons
- 5. Copyright 2017 Velocified.com TALENT ACCELERATION STRATEGIES TO RAMP UP GROWTH PRESENTED BY: ARUPA TESOLIN CEO, VELOCIFIED
- 6. Copyright 2017 Velocified.com Implementation Partner for Enterprise Capability & Talent Acceleration Programs that achieve full productivity 30-‐50% sooner & generate growth with results multipliers.
- 7. DISRUPTIVE INNOVATION “The thing that makes you think twice about things you once thought.” ~ Arupa Tesolin
- 8. Copyright 2017 Velocified.com Top 3 CEO Priorities 1. GROWTH 2. CUSTOMER 3. WORKFORCE Source: Gartner 2016 CEO and Senior Business Executive Survey
- 9. Copyright 2017 Velocified.com Top 3 CEO Priorities 1. GROWTH 2. CUSTOMER 3. WORKFORCE Source: Gartner 2016 CEO and Senior Business Executive Survey 84% would switch brands to one that supports a cause No growth = decline, irrelevance, must sustain Sweeping changes
- 10. Copyright 2017 Velocified.com 4 Big Challenges Facing Enterprises DEVELOP BETTER MGRs & LEADERS Growing pains -‐ effective leaders, manage better & cohesive management practices • Growing digitization & dashboard metrics but all out confusion in how to manage people • Asymmetrical management styles – fusion leads to confusion • Which way, Leader? • Purposeful direction vs profit-‐centric RESULTS FASTER, BETTER, SOONER Demonstrate results at business speed or accelerate risk of failure or value decline. • Change happening faster than ever • Speed is a competitive advantage • Increased client expectations • Increased complexity • Enterprise agility – need to plan, test, implement & pivot quickly. Agile companies outperform lean ones DISRUPT LEARNING & PERFORMANCE Rampant content availability & learning consumption has completely upended learning & performance. Many organizations in Dark Ages. • Learn at speed of performance • Courses too slow to meet performance needs • Learning expedited by massive increase in information access, social media, consumption appetites & availability • Omnivorous learning needs displacing traditional training depts. MANAGE STAFFING FLUX, AGILE WORKFORCE Continuous resource gaps, affecting capability & strength. New staff need to ramp up quickly. Improving talent attraction & staff retention is a priority • 8 of 10 not committed • Millennials want impact & opportunity in purpose-‐driven organizations • High value retirements • Compete with self employment & gig economy
- 11. Copyright 2017 Velocified.com Solutions to the 4 Challenges DEVELOP BETTER MANAGERS & LEADERS Consistent management coaching framework Person-‐centric vs people-‐ managed environment Solid developmental paths for managers, leaders NEED FOR SPEED Accelerate capability development & improve performance support for complex roles Introduce cross-‐functional efficiencies Simplify & automate routine business processes Remove unnecessary work that doesn’t add value or meaning Identify & calibrate necessary complexity vs unnecessary complexity in growth strategy LEARNING & PERFORMANCE DISRUPTED Speed up position-‐based development processes Transform from training to performance support Introduce cross-‐functional efficiencies across HR, management, training Seek out innovation to remove work heavy technology platforms MANAGE STAFFING FLUX, AGILE WORKFORCE Talent Acceleration Strategy to upskill new talent faster Improve management brand, provide excellent coaching & support for new staff. Change HR & management roles to suit Improve talent brand Connect to purpose
- 12. Copyright 2017 Velocified.com Defining the Talent Acceleration Challenge Get results with high capability & bench strength Ramp up growth – Growth Strategy Maintain an agile workforce
- 13. Copyright 2017 Velocified.com ORIENTATION > ONBOARDING > FULL PRODUCTIVITY Capability & Talent Acceleration
- 14. Copyright 2017 Velocified.com What is Talent Acceleration? A process for getting people up to full productivity in a specific position in the shortest time. A complete system of learning, performance, experience, practice, performance support, coaching, mentoring & feedback to achieve a full productivity and performance level in a specific role. This takes place through a VELOCIFIED TRAJECTORY
- 15. Copyright 2017 Velocified.com Velocified Development Path
- 16. Copyright 2017 Velocified.com How Talent Acceleration Impacts Performance? BUSINESS CASE: Every minute employees are less than fully proficient has a direct financial & performance impact 100% Proficiency Time (Weeks, Months, Year) Day 1 TodayTarget 100% Proficiency Time (Weeks, Months, Year) Today Target Increase Performance Level for existing staff Speed up Time to Full Performance for new employees
- 17. Copyright 2017 Velocified.com Downside Risks of Performance Errors MANAGEMENT & EMPLOYEE PERFORMANCE
- 18. Copyright 2017 Velocified.com Talent Acceleration – Who it impacts & how Employee Workforce Organization Growth focused results Manage capability-‐to-‐market gap More agile Company-‐specific skill sets Experience focused Performance supported success Talents used, not wasted You are valued! Career Development = Talent Attraction GOAL: 30-‐50% Faster To Full Productivity in Entire Job/ Functional Role FOR: New Employees Existing Employees Under-‐fill Transfer-‐ins Career Path
- 19. Copyright 2017 Velocified.com Business Case Example
- 20. Copyright 2017 Velocified.com Talent Acceleration Strategy QUESTIONS TO ASK CEO Level What is the market performance gap? What could we do if we: • Were more innovative • want to grow • want to lead • change • do things differently Operations Level In a particular position: What is the performance gap between top performers and everyone else? How long does it take to achieve full performance in that job? What are the risks of not doing this?
- 21. Copyright 2017 Velocified.com 3 Tactical Talent Acceleration Strategies to Implement Now • Critical to organizational performance & market capabilities • Front-‐end related High Impact Positions • High turnover • Risk of failure • Risk of error with high downside Precarious Positions • Management or specialization related continuity • Career fluidity Development Positions
- 22. Copyright 2017 Velocified.com How Talent Acceleration Projects Work • Streamlined process-‐driven projects • 4-‐6 weeks typical completion time • Proven methodology • Internal team driven • High innovation & skills transfer to HR/training/internal consultants Learning Performance Management Learning Experience Job role/ Function Manager or Mentor Practice Proficiency Vision Defined coaching KPI result Velocified Success Path Managed Practice
- 23. Copyright 2017 Velocified.com SPEED TO PROFITABILITY ANALYSIS COST DETAILS GRAPH DETAILS Big need for stronger business cases. These results show going-‐in savings. Value on implementation is also high, value varies by position & organization. Synergies often multiply impact – multiplier effect
- 24. Copyright 2017 Velocified.com Payoffs of a Talent Acceleration Strategy • Increased KPI’s & multiplied results • Sales, revenue, profitability, performance, service, quality, safety, error reduction, potential market share, stock value. • Increased People Returns • engagement, talent attraction & retention, reduced staffing costs, better career development internally • Better Management • Defined coaching for key roles, consistent framework • Decreased Training Time & Cost • training & development time & costs reduced 10-‐20x, amount of training reduced
- 25. Copyright 2017 Velocified.com SPEED TO PROFITABILITY ANALYSIS & TALENT GUIDE ARUPA@VELOCIFIED.COM 905 271 7272 PRESENTED BY: ARUPA TESOLIN CEO, VELOCIFIED VELOCIFIED.com
- 26. #WFwebinar Register for the next webinar! 10 Trends in Staffing Tech – Don’t Get Blindsided Wednesday, July 19, 2017 Webinars start at 2 p.m. Eastern / 11 a.m. Pacific Register for all upcoming Workforce Webinars at workforce.com/webinars