1 / 12

Onboarding Leaders

Onboarding Leaders. Mitigating risk, accelerating performance for external leadership hires. HRPS Strategic Talent Management Forum October 22, 2012. Welcome. The Context The Challenge The Discussion Q&A. 1. 2. 3. 4. The Context.

scarlet-jarvis
Download Presentation

Onboarding Leaders

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Onboarding Leaders Mitigating risk, accelerating performance for external leadership hires HRPS Strategic Talent Management Forum October 22, 2012

  2. Welcome The Context The Challenge The Discussion Q&A 1 2 3 4

  3. The Context The scope and stakes of business leadership have increased by an order of magnitude. Merryck & Co data 1998-2012 WSJ July 6 2010, Joanne S Lublin, “CEO Tenure, stock gains often go hand in hand” Merryck & Co data 1998-2012; CNNMoney.com, Fortune 500 Statistics SpencerStuart 2010 CEO Transitions, March 2011 Merryck & Co data, 1998-2012; Booz & Company 2010 10-yr CEO Succession Study Retrospective

  4. The Context Great leaders create much higher net income. $4.5MM $2.4MM Net Income ($1.2MM) Bottom 10% Middle 80% Top 10% Poor Leaders Good Leaders Great Leaders Zenger, Folkman, Edinger, “How Extraordinary Leaders Double Profits”, Zenger-Folkman, Inc., 2010

  5. The Challenge • Traditional leader development happens at a different pace than the VUCA nature of top job demands. • The complexity of upper echelon jobs increases exponentially, whereas a leader‘s development happens Incrementally. • The nature of dynamic problems defiespredictablepatterns of coaching or training. • Traditional leader development is based in case studies and scenarios – useful, but predictable • At $B-level, the primary “predictable” is unpredictability • $B leaders need to anticipate, consider and react from a VUCA perspective • The next generation of leader development will empower those with the most influence to respond with greatest perspective, understanding and impact.

  6. The Challenge Leadership is a mindset, not a skillset. • A top executive’s year is defined by 8-10 problems that: • No one could anticipate– and the leader could not have been “trained” for • Require quick, decisive responses • Will require multiple levels of near-simultaneous relationship management • Integration to a new organization adds an additional layer of ambiguity and complexity to that baseline challenge. • “When a new leader comes in with fresh thinking, we’ll say to him, ‘That’s a really great idea!’ Then he’ll leave the room and we’ll say to each other, ‘Who does he think he is?’.” • – EVP HR, $30B financial services organization

  7. The Challenge The situation in a nutshell: • External hires face the steepest learning curve of all–they must fast-track into a culture as well as a role. • Few top execs want training anyway – they are smart, accomplished, savvy…they need an increased capacity --a means to draw upon a greater depth of experiences than they have personally faced. • No standard training exists to prepare for today’s top roles…the magnitude of the job is bigger than any one executive. • The stakes have increased by an order of magnitude in one generation…and the needle continues to point up.

  8. The Conversation The right integration of an external leader increases Leadership MagnitudeTM at the same time it ensures effective retention. • Leadership MagnitudeTM expands perspective, influence and impact across the full reach of an organization. • Executive • Handling unprecedented complexity, pace and volatility • Company • Effecting change throughout the chain of management – from BoD to shop floor • Marketplace • Expanding influence throughout investor, customer, supplier and partner relationships

  9. Conclusion In a VUCA world, every companyfaces increasing pressures to ensure external leaders join, stay, and fast-track their contributions. 1. 2. 3. Complexity, stakes and relationships have grown by orders of magnitude – we need to foster a complementary growth in Leadership MagnitudeTM. For external hires, it’s not enough to have an onboarding plan. There must be a parallel integration plan that ensures the leader’s ability to create meaningful impact.

  10. Conclusion “ Everything I got from my Merryck mentor I could have learned on my own...if I could have lasted long enough in the job to learn it. • – Current client, PE-owned company, June 2012 ”

  11. Who is Merryck? Over 15 years, Merryck has become the proven global vehicle for delivering Leadership MagnitudeTM Mentoring 1-on-1 with a former C-level executive who: • Has run a$750MM - $120B P&L • Is trained in-depth to support with questions and perspective —not to take on the job • Is up to speed on the company’s issues and the executive’s dynamic role • Is chosen for ability to identify strengths, and define and help develop the blind side

  12. For further discussion: David Reimer, Chief Executive Officer David.Reimer@merryck.com 1-888-MERRYCK www.merryck.com

More Related