Showing posts with label top leadership development companies. Show all posts
Showing posts with label top leadership development companies. Show all posts

Friday, 27 December 2019

How to Train Your Staff With A Decreasing Budget


In our last blog, How to Use the 70/20/10 Model to Develop Careers, we discussed the “what”, “when” and “how” of using the 70/20/10 Adult Learning Model for employee development. Now let’s discuss the “why”.

Managers face daily decisions to ensure their team gets what’s needed for success. But with budgets getting smaller, it’s hard to stretch resources. After reading this blog, you will learn several tips on how to stretch your training budget, spend wisely, plan strategically and still meet your employee development goals.

The “Why” to Employee Development

What is the return on investment (ROI) for a manager who wants to allocate time and financial resources for her employees? Simply put: a better prepared employee is a more productive employee. According to the Association of Talent Development (ATD), companies that invest in training employees see a 218% higher income per employee than companies that don’t. The 70/20/10 model for employee development is one effective tool to leverage the current talents of your staff and build stronger teams, which increases the organizational bottom line.


We know that the manager cannot motivate an employee to improve; that has come from within the employee. However, managers can create a learning environment for them to grow. How? The first step is to take an inventory of the current staff, using a consistent assessment tool such as a 360-degree assessment, with an objective lens to collect skills data. This full assessment will provide two sets of data in one assessment: strengths and areas to grow. By selecting the right 360 tool, you can complete two tasks at once for the same price, creating cost savings for your budget. This 360 view lets managers begin to leverage the strengths in their staff that can be shared with other employees; it also shows the delta between the strengths and weaknesses, so you can create the best strategy to decrease the weaknesses of the entire team.

Monday, 9 December 2019

Why Are Employees Leaving Your Organization?


In our daily lives, we use personal biases, intuitions, and gut feelings to make our decisions. And that’s perfectly fine. They serve us well in many ways.

However, when it comes to improving work performances, personal biases, intuitions, and gut feelings just don’t cut it.

Data can improve your own, your team’s, and your organization’s performance; people analytics can help. People analytics is the data that identifies workforce patterns and trends. Here are some questions that can be answered with people analytics:
  • How engaged are our employees?
  • What skills does my organization need to invest in, to achieve our mission?
  • Why are my employees leaving the organization?
These questions and many more are the kinds of questions that people analytics can answer. Even if you don’t regularly use data in your job, you can still learn a lot with people analytics, regardless of your supervisory level.

A brief primer on people analytics

Before we answer why employees are leaving your organization, let’s start by defining a few terms:

Data are facts, statistics, or other items of information. Data are all around us; you just have to know how to look for it, compile it, and make sense of it. We can use data to understand problems and processes at a micro-level (between individuals), at a mezzo-level (team-level), or at a macro level (organizational level).

So who uses data?

One group of people who use data are data analysts. Data analysts organize, examine, analyze and use data to draw meaning. They tend to focus on understanding previous events to describe things that have already happened.

Monday, 25 November 2019

How to Break the Glass Ceiling


Panelists at the IREM Global Summit share best practices for mitigating bias and advancing diversity.
Cultivating talent is the industry-wide mission for the property management profession and all of the commercial real estate. At the Institute of Real Estate Management’s Global Summit last week in San Francisco, an international panel of rising leaders shared best practices and strategies for advancing that goal through diversity.

Signs of progress for women in real estate stand side by side with persistent contradictions. Women entrepreneurs enjoy a rising profile; nearly one-third of all privately held firms are owned by women. On the educational front, women bring more to the table; they hold more undergraduate degrees than men and earn 50 percent more graduate degrees than their male counterparts. Women’s workplace priorities are led by flexibility and quality of life, according to national studies; compensation ranks third.

The speakers also recounted the qualities that women in business tend to bring to the table. “The more diversity, the better your product is going to be, the better your bottom line is going to be,” noted Anne Loehr, executive vice president at the Center for Human Capital Innovation and the panel’s moderator.


Sunday, 20 October 2019

Optimize Your Recruitment Process by Using Competencies


Recently, we wrote about the five steps to optimize employee development with a competency framework. This 5-step process begins with identifying organizational competencies and determining expected proficiencies by employee position and continues. The next two steps include assessing competencies and aligning the current proficiency with organizational needs and career aspirations. Finally, each employee should track progress to enhance accountability and results. This process helps develop employees and optimize organizational performance.

A meaningful competency framework can also improve recruiting practices. By aligning organizational competencies and expected proficiency levels with position descriptions, it allows you to hire people who are a good fit for the organization in a strategic and targeted way. Here are three ways to do this:
1.     Assess and categorize competencies by type.
2.  Map the minimum expected proficiency by competency within each group to position descriptions.
3.  Identify and align behavioral questions with priority competencies during the interview process.

Assessing and Categorizing Competencies

Many organizations have “core” or “foundational” competencies that are distinct from technical competencies. Core competencies are the skills, knowledge, and abilities that all employees should have and work to improve, no matter their technical expertise. Examples include effective communication, problem-solving, and customer service. Technical competencies capture areas of expertise needed to be successful in a particular job series or position. Examples include competencies related to accounting, mechanical engineering, or computer science.
Identifying the expected proficiency for core competencies can often be streamlined by creating categories instead of defining them position by position. For example, CHCI recently updated its competency framework and categorized its foundational competencies into four groups: 

1) Corporate Member
2) Senior Consultant
3) Consultant and
4) Organizational and Project Support. These categories were defined by responsibilities and experience across all current and projected CHCI employees. 
Mapping Expected Proficiency to Position Descriptions
Once the categories are defined, the expected proficiency by core competency can be set. This expected competency clarifies the behaviors and skillets expected of employees in a particular category, at the time of hire or in their current position. Returning to our example, a small group at CHCI went through each foundational competency and identified the expected proficiency by competency in the four categories mentioned above by using a standard proficiency scale ranging from 1: Awareness to 5: Expert. The process included a select group of individuals who aimed for consensus agreement. The following criteria and/or process steps were identified to ensure consistency:

  • No category of the employee should have an expected proficiency of “5” or “expert.” This doesn’t mean that an individual cannot have a current proficiency of “expert” but that it should not be expected in order to be successful in the organization. This criterion also encourages the idea of development and growth for all individuals, regardless of title.
  • Key assumptions were identified that distinguishes the categories. For example, responsibilities in the Executive Member category focused on organizational outcomes and integrating processes across the organization while the Senior Consultant category focused on integration across the project as well as project delivery and leadership. Other assumptions included general levels of responsibility and proficiency required to be successful across all categories.

To define expected proficiency for technical competencies, a slightly different process was followed in the CHCI example:
1.   Position descriptions (PDs) were written for new hires based on priority needs and organizational capabilities.
2. Each group member independently identified expected proficiency across technical competencies using the PDs and the standard proficiency scale as their guide. It is worthy to note that not all technical competencies were required for each PD.
3.   The results from each individual’s process were consolidated into a matrix. The group met to review and analyze results.
4.   Expected proficiency scores were agreed upon and finalized for both technical and “foundational” competencies for each position description. A rationale for each expected proficiency was documented across all competencies for each PD to double-check the logic.

Aligning Competencies with the Interview Process

The example mapping exercise allowed PDs to become competency-based, aligning potential employees with both organization culture and performance. The alignment then streamlined the interview preparation process for hiring managers, allowing them to prioritize questions based on targeted competencies and expected proficiencies in a particular position.
For CHCI, that meant preparing interview questions for Senior Human Capital candidates in four priority areas. Behavioral questions were developed to understand the depth and breadth of each candidate’s experience.
Creating a recruitment process that incorporates the organization’s competency model will lead to high-performing hires that make a good cultural fit for the organization, the project, and the position. When individuals fit into the culture of the organization, they are likely to be more motivated, interact more easily with other employees, and stay happier in the job. All of this translates into higher-performing employees who will stay longer and potentially become highly qualified candidates for succession plans.
Once you hire a candidate, you can reinforce the organization’s values, culture, and competencies through your onboarding programs, annual competency assessments, and constructive feedback. This helps bring the entire talent life cycle together Click here.

Do you want to learn more about aligning competencies with your hiring process? Learn more by contacting us.