Future Flight Crews - Leadership Development and Succession Planning Mindy Price, Chief PACE Setter Direct Effect Solutions, Inc
Overview Current State / Trends Definitions of Leadership Development and Succession Planning Process of Succession / Development
Four Generations Traditionalists: 1925-1945 76 million Baby Boomers: 1946-1964 80 million Generation X: 1965-1981 46 million Generation Y(Millennial s): 1982-2002 76 million
Current Trends In Changing Business Need for speed, agility and flexibility to respond to customers Aging workforce 21% over 55 40% over 45 Expected labor shortage 5.3M skilled worker deficit by 2010 65% US employment requires specific skills 75% US workforce needs to re-train to retain jobs
Definitions Succession Planning Managing talent for the retention of the skills and intellectual property for business continuity Leadership Process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task. Business Continuity Ability of the key operations to continue without stoppage, irrespective of the adverse circumstances or events.
Succession Planning: Business Continuity Retention of institutional knowledge Depth of expertise in skills Expandability in position without management of people Greater investment to organization
Succession Planning: Leadership Right technical knowledge AND cultural fit Customer Focus Lifecycle view of change Superior communication skills Organizational skills (time, effort) with results orientation Engagement not loyalty Ability to turn progress into results
New Paradigm STRATEGY POSITIONS PEOPLE
Positions Determine essential positions Align to strategy People Determine DNA and ticket of admission Identify A players
New Paradigm Goals STRATEGY Objectives POSITIONS Business Continuity Expertise Leadership PEOPLE Promote / Expand
Business Continuity Certify Categorize Determine essential, important and discretionary positions, services Assess Assess current knowledge Determine gap Develop Build currency Document procedures Manage documentation Become Certified Teach expertise Remain current Increase strengths
Leadership Competencies Strategic Emerging First time leader Lead teams or special projects May not be formal position Professional Coach, train and develop small groups Focus on dayto-day issues Vehicle for communication Project Management Seasoned Manage Managers Optimize processes and performance Balance short and long term view Prioritize cross functional / conflicting resources Drive execution Connect strategy, capability, culture Focus on core strengths Inspire and energize System thinkers
Continuous Cycle Course Correct Trigger Event Assess People Review Strategy Realign Positions
About Direct Effect Solutions Direct Effect Solutions has been delivering consulting, training and coaching services since 2004. DES is an FBE, EDGE and DBE certified company in the state of Ohio. The mission of the company is to align organizations to lead a high performing workforce setting a sustainable pace that responds to a dynamic world. Through expert analysis and facilitation, DES serves as a catalyst for change to optimize the most important resources in an organization; time, money and people. Look to DES consultants for expertise in: Strategic Planning Organization Design Change Management Culture Transformation Talent Management Leadership Training and Coaching Training Curriculum Design Myers-Briggs Type Indicator
About Mindy Price Mindy Price, Chief PACE Setter Mindy is an expert at organizational strategy, change management and culture transformation. Mindy s professional experience spans more than 20 years training, education and organization management. She spent the past five years leading multiple project engagements focused on executive and strategic leadership initiatives to develop governance structures within organizations.