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The Seven Deadly Sins of Talent Management                                                                     1

                                                        these values and practices. It is about building the
               Chicago Change Partners                  sustainable capacity to perform and win. Great
                                                        leadership is the foundation for sustained
Executive Summary                                       performance through both evolutionary and
                                                        revolutionary phases of any company’s life span.
The Seven Deadly Sins of Talent                         Without a leader putting a personal stamp on this
Management                                              process and investing personal time to know one’s
 Patrick R. Dailey, Ph.D., and Charles H. Bishop        pipeline, the process is doomed.
Jr., Ph.D. Published by The Human Capital
Institute, July 2009                                    The Sins are briefly described below. Detailed
Link to full article:                                   discussion of the Sins, the Symptoms and
http://www.humancapitalinstitute.org/hci/external.gui   Solutions is provided in the full article.
d?
_articleID=90375&_sponsorID=164&_forwarder=tra          Inept Assessment
cks_talent_management_execution                         Do your hiring managers differentiate ‘great’ talent
                                                        from’ good’?
Target Audience. Senior Leadership
                                                        Each day, leaders throughout your organization
Overview. This article is about the personal role and   make judgments, or “calls,” to select talent for
discipline necessary from senior leadership to          more challenging and complex jobs. When these
manage a company’s talent pipeline.                     decision-makers fail to make astute talent
                                                        assessments and predictions, a little bit of your
Dailey and Bishop discuss the “personal stamp”          company’s future is chipped away.
that senior leadership must place on a company’s
talent management process in order to signal the        Loose Accountability
process as a business imperative as well as             Would you bet your bonus on the quality and
implement “best practices” processes. The               readiness of your leadership pipeline?
authors provide pragmatic guidance for
diagnosing the obstacles; they offer suggestions        One of the most unforgivable sins a senior
for building a deep and ready talent pipeline; and      executive can commit is underestimating the
define the standards by which talent management         future leadership needs for the business—either in
process must be executed.                               terms of quantity or quality. These oversights
                                                        traditionally go unmentioned in annual reports and
The authors put a spotlight on faulty processes         during analyst meetings. Yet these oversights
and inadequate accountability that render talent        compromise your organization’s competitive
management processes ineffective in delivering a        future.
robust pipeline of exceptional leadership talent.
These are called “Sins.” For each Sin, diagnostic       Tolerating Protectionism
clues or symptoms are provided which allow              Are you personally willing to break down the
leaders to assess whether the sin operates within       barriers between operating units for sharing and
their organization. Most importantly, practical         developing top talent?
solutions are offered for each Sin. A Diagnostic
Guide is included in the full article as well as        Protectionism exists when organizational walls
provided in this summary.                               and cultural norms limit the movement or
                                                        development of emerging leaders across
Dailey and Bishop argue that leadership-rich            organizational boundaries. This sin narrows your
organizations never believe their talent                degrees of freedom regarding development for
management process and activities are                   emerging leaders and ultimately limits choices in
discretionary duties for senior leadership.             appointing “ready now” leaders, compromising the
Leadership-rich companies understand that the           quality and readiness of your talent pipeline.
talent management process is an essential core
competency that can’t be duplicated, that largely       Playing It Too Safe
can’t be delegated and must not be neglected.           Are you willing to take short-term risks and
                                                        “financial hits” to place emerging leaders into real
They assert that there is nothing altruistic about      challenges as they learn their lessons of
The Seven Deadly Sins of Talent Management                                                              2

experience?                                             talent management process that solidifies
Developing leaders with the keen instincts and          involvement and commitment among other senior
well- honed skills to lead organizations into their     leaders.
futures does not come without risk. This risk
involves placing talent into real and challenging       Creating Credenzaware
situations where they must perform and learn            Is your talent-planning process an annual
from their experience. It is a truism that the          “event” or an ongoing, ingrained process that
greater the challenge, the greater the learning         drives results?
opportunity—and, unfortunately, the greater the
risk of failure to the individual and the               Credenza-ware is the unrealized output of talent
organization. So-called 100-percent “safe-fills”        review meetings. This output finds its way to the
provide little growth opportunity for the individual.   shelves, disk drives, and credenzas of senior
The outcome can result in low motivation or over-       executives and presenters. Nice work that goes
confidence by the leadership team. The ideal            nowhere. The authors believe the culprit is the
situation is a job that demands performance and         once-per-year process of conducting talent review
provides a challenge for the individual.                meetings in which forms and formal presentations
                                                        overwhelm the process of candidly assessing your
Settling For “Just Good Enough”                         organization’s talent strengths and deficiencies
Can your team outwit and outmaneuver your               and setting plans in motion to close gaps. When
competition?                                            talent meetings feel more like reviews than action-
                                                        planning sessions, leaders should be on guard
Organizations can lose their fitness edge when          that their time and effort may be squandered.
not challenging to attain market share or
functional excellence. In the early stages of           Author contact:
decline, signs of “organizational dry rot” can be
detected in the middle-managerial appointments.         Patrick R. Dailey, Ph.D.
In those cases, “good enough” leaders are               pdailey1@yahoo.com P 310.400.9992
appointed to key roles and steer their operating
units toward incremental improvements and even          Charles H. Bishop, Jr.,Ph.D.
deliver strong results. These organizations have        Charlie@chicagochange.com P 847.835.7015
worked harder and managed to win—for a period
of time. Soon these organizations are in over their
heads—overworked and out of gas. Their
reputations slip, and great talent becomes difficult
to attract and retain. Predictably, the competition
begins to outwit, outflank, and outmaneuver
them.

Failure to Reinvent Your Wheel
Are you borrowing or buying a succession-
management process, then force fitting it into
your culture?

Many of our best known brands—IBM, Dell,
FedEx— have their own “secret sauce,”
something that makes them distinctive. If you
probe into the genesis of what makes such great
brands, one of the key factors is their approach to
talent—their selection, development, and
retention. The authors assert that leaders need to
“invent their own wheel” for their talent
management process. While there are some
essential building blocks to an effective process,
the phrase “reinvent the wheel” is used to
encourage leaders to build an identity for their
The Seven Deadly Sins of Talent Management                                                                                             3


                                       Diagnostic Guide
                        SIN                                               SYMPTOMS                                  SOLUTIONS

Inept Assessment                                          □ Senior leaders don’t agree on what          1- Bolt competency model to strategy
                                                              “success” looks like                      2- Train manager to assess competencies
Do your hiring managers differentiate ‘great’ talent                                                       and learning agility
from ‘good’?
                                                          □ Appointments are not made from your         3- Foster an environment of “open
                       ****                                   promotability list                           dialogue” during talent review session
Selection standards and assessment skills are off         □ Performance is used as a proxy for 4-Allo
target and lead to mediocrity. Time to apply rigor to         potential
pinpoint      competencies      that    differentiate
performance; train hiring managers; operate a
                                                          □ A “conspiracy of politeness” exists
disciplined selection system that delivers top tier           during talent review sessions
talent.                                                   □
Loose Accountability                                      □ Managing (only) from the                    1- Play a strong role in selection decisions
                                                              heart                                        at least two levels down.
Would you bet your bonus on the quality and                                                             2- Scorecard your process and reward
readiness of your leadership pipeline?
                                                          □ “One horse races“ are run for key              success
                        ****                                  appointments                              3- Challenge calls to sharpen standards
Process excellence and selection accuracy are             □ Senior leaders are not held accountable
deemed as low in importance. There is no “spot                for “bad calls”
light” on this essential managerial accountability.       □
Time to ensure senior leaders put some “skin in the
game.”                                                    □

Tolerating Protectionism                                  □ Inability to move talent across             1- Create an “air traffic control”
                                                              organizational boundaries                    capability to facilitate appointments
Are you personally willing to reach down and across                                                         and development
the organization to knock down the barriers to
                                                          □ States rights mentality and practices       2- Know your pipeline
sharing and developing top talent?                        □ Cronyism
                        ****                              □ Talented outsiders have difficulty
Walls and barriers exist between organizational units         breaking into the culture
around many issues; most likely talent is one of
these. Time to knock down cross unit barriers and         □
appropriately manage talent as a collective corporate     □
resource.

Playing It Too Safe                                       □ Low risk learning and development           1- Ensure real business risk and personal
                                                              opportunities are utilized                   challenge are used
Are you willing to take short term risks with business                                                  2- Prepare transformation Coaching
results as emerging leaders learn their lessons of
                                                          □ Promotions are delayed until talent is         Guidance
experience?                                                   “over ripe”                               3- Promote the best people into key jobs
                         ****                             □ Holding steadfastly to a promote from          early and often
Talent development programs fail to stretch and               within practice                           4- Break some compensation rules
build the necessary range and depth of skills,                                                          5- Wake up to the real problem that might
                                                          □ Leaving high-potential talent out of the       involve 25% of your leadership and
coalitions and temperament necessary for                      equation
promotability and success at the next level. Time to                                                       act
fix your talent development agenda---make                 □
development more challenging, inject a “pass/fail”        □
mentality and tailored to the needs of high potentials.
The Seven Deadly Sins of Talent Management                                                                                           4




                        SIN                                            SYMPTOMS                                   SOLUTIONS

Settling For Good Enough                                 □ Compromise candidates are appointed        1- Build talent ahead of demand
                                                             to key roles                             2- Recruit and develop more you’re your
Can your team outwit and out-maneuver the                                                                fair share of “game changers”
competition?
                                                         □ Operating units rarely stick their necks   3- Supplement your pipeline with “great”
                                                             out                                         external talent
                        ****
Your operating leadership and management cadre do        □ Operating units are unable to renew        4- Make it someone’s job that great talent
not deliver market leadership. Your bench has failed         their performance capability                sticks
to offer ready now talent that senior leadership         □ Belief in Management Alchemy via
believes can step up into pivotal roles and win in the       team building and training
marketplace. Your “bar” is too low. Time to
upgrade. Time to build your bench from rigorous          □
internal development as well as recruit “take your       □
breath away” talent from the outside that can step in
and step up.

Failure to Reinvent The Wheel                            □ Seduced by fads and technology             1- Put your personal stamp on the
                                                                                                         process
Are you borrowing or buying a talent management
                                                         □ Legacy programs and solutions are no       2- Get the basics right
process and force fitting it into your culture?              longer aligned to the business needs     3- Sell your vision – get management
                         ****                            □ Creation of the “special task force”          leaders involved
Talent management has not been treated as a core         □
competency. Modest investment and inattention has
produced an undistinguished process. Time to create      □
your brand of talent management processes and a
distinctive leadership profile; put your personal
stamp on the process; build out both the assessment
and development sides of your unique process.
Invent your “secret sauce.” Connect talent
management with the business.
The Seven Deadly Sins of Talent Management                                                                                    5



Creating “Credenza –Ware”                              □ Dominance of a “once a year” mindset    1- Tee-up the issues you want addressed
                                                                                                 2- Have Discussions; not Presentations
Is your talent review process a once a year ‘event’
                                                       □ Talent review meetings are a “Road to   3- Put Plans and Commitments in writing
vs. an on-going, ingrained process that drives             Nowhere”                              4- Replace Succession Planning with a
results?                                               □ Talent plans are not tracked for on        focus on a Pipeline of Talent
                        *****                              time, on target results               5- Measure your pipeline
Process planning, review/planning meetings and         □
follow-through are haphazard. Time to elevate talent
management to the same level as your strategic         □
planning and annual budget planning process and
repeatedly follow up to compare plan v. actual
through the fiscal year. Time to work your talent
management plan everyday.

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Seven Deadly Sins Executive Summary

  • 1. The Seven Deadly Sins of Talent Management 1 these values and practices. It is about building the Chicago Change Partners sustainable capacity to perform and win. Great leadership is the foundation for sustained Executive Summary performance through both evolutionary and revolutionary phases of any company’s life span. The Seven Deadly Sins of Talent Without a leader putting a personal stamp on this Management process and investing personal time to know one’s Patrick R. Dailey, Ph.D., and Charles H. Bishop pipeline, the process is doomed. Jr., Ph.D. Published by The Human Capital Institute, July 2009 The Sins are briefly described below. Detailed Link to full article: discussion of the Sins, the Symptoms and http://www.humancapitalinstitute.org/hci/external.gui Solutions is provided in the full article. d? _articleID=90375&_sponsorID=164&_forwarder=tra Inept Assessment cks_talent_management_execution Do your hiring managers differentiate ‘great’ talent from’ good’? Target Audience. Senior Leadership Each day, leaders throughout your organization Overview. This article is about the personal role and make judgments, or “calls,” to select talent for discipline necessary from senior leadership to more challenging and complex jobs. When these manage a company’s talent pipeline. decision-makers fail to make astute talent assessments and predictions, a little bit of your Dailey and Bishop discuss the “personal stamp” company’s future is chipped away. that senior leadership must place on a company’s talent management process in order to signal the Loose Accountability process as a business imperative as well as Would you bet your bonus on the quality and implement “best practices” processes. The readiness of your leadership pipeline? authors provide pragmatic guidance for diagnosing the obstacles; they offer suggestions One of the most unforgivable sins a senior for building a deep and ready talent pipeline; and executive can commit is underestimating the define the standards by which talent management future leadership needs for the business—either in process must be executed. terms of quantity or quality. These oversights traditionally go unmentioned in annual reports and The authors put a spotlight on faulty processes during analyst meetings. Yet these oversights and inadequate accountability that render talent compromise your organization’s competitive management processes ineffective in delivering a future. robust pipeline of exceptional leadership talent. These are called “Sins.” For each Sin, diagnostic Tolerating Protectionism clues or symptoms are provided which allow Are you personally willing to break down the leaders to assess whether the sin operates within barriers between operating units for sharing and their organization. Most importantly, practical developing top talent? solutions are offered for each Sin. A Diagnostic Guide is included in the full article as well as Protectionism exists when organizational walls provided in this summary. and cultural norms limit the movement or development of emerging leaders across Dailey and Bishop argue that leadership-rich organizational boundaries. This sin narrows your organizations never believe their talent degrees of freedom regarding development for management process and activities are emerging leaders and ultimately limits choices in discretionary duties for senior leadership. appointing “ready now” leaders, compromising the Leadership-rich companies understand that the quality and readiness of your talent pipeline. talent management process is an essential core competency that can’t be duplicated, that largely Playing It Too Safe can’t be delegated and must not be neglected. Are you willing to take short-term risks and “financial hits” to place emerging leaders into real They assert that there is nothing altruistic about challenges as they learn their lessons of
  • 2. The Seven Deadly Sins of Talent Management 2 experience? talent management process that solidifies Developing leaders with the keen instincts and involvement and commitment among other senior well- honed skills to lead organizations into their leaders. futures does not come without risk. This risk involves placing talent into real and challenging Creating Credenzaware situations where they must perform and learn Is your talent-planning process an annual from their experience. It is a truism that the “event” or an ongoing, ingrained process that greater the challenge, the greater the learning drives results? opportunity—and, unfortunately, the greater the risk of failure to the individual and the Credenza-ware is the unrealized output of talent organization. So-called 100-percent “safe-fills” review meetings. This output finds its way to the provide little growth opportunity for the individual. shelves, disk drives, and credenzas of senior The outcome can result in low motivation or over- executives and presenters. Nice work that goes confidence by the leadership team. The ideal nowhere. The authors believe the culprit is the situation is a job that demands performance and once-per-year process of conducting talent review provides a challenge for the individual. meetings in which forms and formal presentations overwhelm the process of candidly assessing your Settling For “Just Good Enough” organization’s talent strengths and deficiencies Can your team outwit and outmaneuver your and setting plans in motion to close gaps. When competition? talent meetings feel more like reviews than action- planning sessions, leaders should be on guard Organizations can lose their fitness edge when that their time and effort may be squandered. not challenging to attain market share or functional excellence. In the early stages of Author contact: decline, signs of “organizational dry rot” can be detected in the middle-managerial appointments. Patrick R. Dailey, Ph.D. In those cases, “good enough” leaders are pdailey1@yahoo.com P 310.400.9992 appointed to key roles and steer their operating units toward incremental improvements and even Charles H. Bishop, Jr.,Ph.D. deliver strong results. These organizations have Charlie@chicagochange.com P 847.835.7015 worked harder and managed to win—for a period of time. Soon these organizations are in over their heads—overworked and out of gas. Their reputations slip, and great talent becomes difficult to attract and retain. Predictably, the competition begins to outwit, outflank, and outmaneuver them. Failure to Reinvent Your Wheel Are you borrowing or buying a succession- management process, then force fitting it into your culture? Many of our best known brands—IBM, Dell, FedEx— have their own “secret sauce,” something that makes them distinctive. If you probe into the genesis of what makes such great brands, one of the key factors is their approach to talent—their selection, development, and retention. The authors assert that leaders need to “invent their own wheel” for their talent management process. While there are some essential building blocks to an effective process, the phrase “reinvent the wheel” is used to encourage leaders to build an identity for their
  • 3. The Seven Deadly Sins of Talent Management 3 Diagnostic Guide SIN SYMPTOMS SOLUTIONS Inept Assessment □ Senior leaders don’t agree on what 1- Bolt competency model to strategy “success” looks like 2- Train manager to assess competencies Do your hiring managers differentiate ‘great’ talent and learning agility from ‘good’? □ Appointments are not made from your 3- Foster an environment of “open **** promotability list dialogue” during talent review session Selection standards and assessment skills are off □ Performance is used as a proxy for 4-Allo target and lead to mediocrity. Time to apply rigor to potential pinpoint competencies that differentiate performance; train hiring managers; operate a □ A “conspiracy of politeness” exists disciplined selection system that delivers top tier during talent review sessions talent. □ Loose Accountability □ Managing (only) from the 1- Play a strong role in selection decisions heart at least two levels down. Would you bet your bonus on the quality and 2- Scorecard your process and reward readiness of your leadership pipeline? □ “One horse races“ are run for key success **** appointments 3- Challenge calls to sharpen standards Process excellence and selection accuracy are □ Senior leaders are not held accountable deemed as low in importance. There is no “spot for “bad calls” light” on this essential managerial accountability. □ Time to ensure senior leaders put some “skin in the game.” □ Tolerating Protectionism □ Inability to move talent across 1- Create an “air traffic control” organizational boundaries capability to facilitate appointments Are you personally willing to reach down and across and development the organization to knock down the barriers to □ States rights mentality and practices 2- Know your pipeline sharing and developing top talent? □ Cronyism **** □ Talented outsiders have difficulty Walls and barriers exist between organizational units breaking into the culture around many issues; most likely talent is one of these. Time to knock down cross unit barriers and □ appropriately manage talent as a collective corporate □ resource. Playing It Too Safe □ Low risk learning and development 1- Ensure real business risk and personal opportunities are utilized challenge are used Are you willing to take short term risks with business 2- Prepare transformation Coaching results as emerging leaders learn their lessons of □ Promotions are delayed until talent is Guidance experience? “over ripe” 3- Promote the best people into key jobs **** □ Holding steadfastly to a promote from early and often Talent development programs fail to stretch and within practice 4- Break some compensation rules build the necessary range and depth of skills, 5- Wake up to the real problem that might □ Leaving high-potential talent out of the involve 25% of your leadership and coalitions and temperament necessary for equation promotability and success at the next level. Time to act fix your talent development agenda---make □ development more challenging, inject a “pass/fail” □ mentality and tailored to the needs of high potentials.
  • 4. The Seven Deadly Sins of Talent Management 4 SIN SYMPTOMS SOLUTIONS Settling For Good Enough □ Compromise candidates are appointed 1- Build talent ahead of demand to key roles 2- Recruit and develop more you’re your Can your team outwit and out-maneuver the fair share of “game changers” competition? □ Operating units rarely stick their necks 3- Supplement your pipeline with “great” out external talent **** Your operating leadership and management cadre do □ Operating units are unable to renew 4- Make it someone’s job that great talent not deliver market leadership. Your bench has failed their performance capability sticks to offer ready now talent that senior leadership □ Belief in Management Alchemy via believes can step up into pivotal roles and win in the team building and training marketplace. Your “bar” is too low. Time to upgrade. Time to build your bench from rigorous □ internal development as well as recruit “take your □ breath away” talent from the outside that can step in and step up. Failure to Reinvent The Wheel □ Seduced by fads and technology 1- Put your personal stamp on the process Are you borrowing or buying a talent management □ Legacy programs and solutions are no 2- Get the basics right process and force fitting it into your culture? longer aligned to the business needs 3- Sell your vision – get management **** □ Creation of the “special task force” leaders involved Talent management has not been treated as a core □ competency. Modest investment and inattention has produced an undistinguished process. Time to create □ your brand of talent management processes and a distinctive leadership profile; put your personal stamp on the process; build out both the assessment and development sides of your unique process. Invent your “secret sauce.” Connect talent management with the business.
  • 5. The Seven Deadly Sins of Talent Management 5 Creating “Credenza –Ware” □ Dominance of a “once a year” mindset 1- Tee-up the issues you want addressed 2- Have Discussions; not Presentations Is your talent review process a once a year ‘event’ □ Talent review meetings are a “Road to 3- Put Plans and Commitments in writing vs. an on-going, ingrained process that drives Nowhere” 4- Replace Succession Planning with a results? □ Talent plans are not tracked for on focus on a Pipeline of Talent ***** time, on target results 5- Measure your pipeline Process planning, review/planning meetings and □ follow-through are haphazard. Time to elevate talent management to the same level as your strategic □ planning and annual budget planning process and repeatedly follow up to compare plan v. actual through the fiscal year. Time to work your talent management plan everyday.