A Historical Perspective

Transcription

1 Complimentary Webinar Series Creating an Effective Development Plan Slides at A Historical Perspective Before World War II Tradition Socioeconomic status Family Gender Loyalty A Historical Perspective The 1970s Women in the workforce Layoffs Loyalty contract 1

2 A Historical Perspective Today Economic competition Globalization Skills, education and training Technology self directed, lifelong learning A Historical Perspective Great Recession High unemployment rates but hard to fill highskilled jobs Added jobs mix of new skills or skills entirely different Increased emphasis in talent management and employee development Business Case Develop employees or find new ones? Benefits of Employee Development Remaining competitive. Dealing with ongoing skills shortages. Taking employee development off hold. Adapting to changing business structures. Increasing worker productivity Reducing turnover Aligning employee development with the organization s needs 2

3 HR s Role Employees manage their own career development HR ensures that the organization provides ways for employees to be more effective in their current roles HR shows benefits of development Rules to help HR align employee development with the organization s talent management strategy: Know the organization well Know the needs of employees Know the industry Know how to quantify outcomes Guidelines for Effective Dev Plans Gain executive support Involve management Relate to performance management Understand what the employee values Know the desired outcome What is an EDP? Documented Plan That Helps Employees Learn new skills Increase engagement in current position Prepare for current and future roles Build internal talent Adapt to organizational changes Become prepared for future opportunities 3

4 Career Development Vs. Performance Management Career Development: Looking forward what future experiences and skills do I want to acquire? New role Challenging assignment Leadership role aspirations Performance Improvement: Looking back what can I learn from past experiences Prior period rating Improve in current job Get up to speed as a new employee Improve current skills When is an EDP utilized? Importance of timing Process Training Needs Analysis Career Development Planning Competency Development Will all employees need an EDP? It will depend on the situation: Personal aspirations Ongoing dialogue Everyone can and should be learning something new. We never stop improving. Learning is growth, and growth is healthy. 4

5 RESOURCES Process Budget 10% Formal Training 20% Relationships/Networks Educational Assistance Policy Shareholder Training and Development Resources 70% Challenging Assignments and OJT Creating an EDP Conduct a Gap Analysis Create your Development Plan Pre-Planning Career Development Process Discussion Approvals Execute Planning Manager Review 5

6 Employee Development Methods Coaching Mentoring Individual development plans The 9 box grid Cross training Stretch assignments and On the Job Training Job enlargement and job enrichment Job shadowing Job rotation Succession planning Etc Common Challenges Accountability Gaps in talent development capabilities Lack of alignment between human capital and business strategy Inconsistent execution Limited use of meaningful analytics. Few employers track the metrics that matter, such as the effectiveness of talent management programs. Funding challenges Analyze and prioritize Determine what is essential Cut back creatively Tap free resources Diversity considerations Generational issues Communication Expectations Eligibility Opting out of development Identification of high potentials 6

7 ROI Resources ges/accountabilitycapabilitychallenges.aspx ntent/pages/0109train.aspx ges/cms_ aspx ployee_20testing_20series_20part_20iii_20 _20Assessment_20Tools_20and_20Centers.aspx inginsuccessionplanning.aspx Resources, Cont. n.aspx ges/0908hragenda_tyler.aspx idualdevelopmentplans.aspx ementoringpay.aspx 12/0612/Pages/0612moss.aspx onglearningaccounts.aspx 7

8 HRCI Pre approved General Credit Thank You! To download a copy of your certificate and slides go to 8