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Phoenix start up the impact of human capital
- 1. The Impact of Human Capital Human Capital Strategy As a Business Differen<ator
- 2. Men$on: @PHXStrategy Hashtag: #PHXstartupweek #ChaseBasecamp #yesphx
- 3. 3 Cri$cal Success Factors 1. The Plan -‐ A rigorous and constantly examined growth strategy 2. The People -‐ A sophis$cated, smart and strategically relevant human capital strategy 3. The Market -‐ A robust, analy$cal, on $me and on demand-‐inbound marke$ng strategy for today!
- 4. Survive or Thrive • MISSING ANY OF ONE OF THESE THREE AREAS CAN CAUSE YOUR STRATEGY TO GO FROM THRIVE TO SURVIVE: – Part 1 -‐ GROWTH STRATEGY • LOSING FOCUS OF YOUR ‘NORTH STAR” – Part 2 -‐ HUMAN CAPITAL POTENTIAL AND ORGANIZATIONAL ALIGNMENT • WAITING TOO LONG AND INVESTING TOO LITTLE – Part 3 -‐ MARKETING & ANALYTICS • UNDERVALUING THE IMPACT AND DOING TOO LITTLE
- 6. Value Proposi$on The best strategy can fail at implementa7on without a human capital strategy suppor7ng it Paradigms Blocking People from Achieving Strategic Ini<a<ves • People are smart and people are busy • All our people are always working at their highest poten7al • People are our most important asset
- 7. The Current Global Business Trends 2014 • 27% of CEO’s say they lose sleep over human capital – Fortune • According to PE surveys – 85% of their <me is spent on people issues. There is a crisis in leadership – crea<ng organiza<onal permafrost – Phoenix Strategic Performance • 60% of employees are disengaged – Towers Watson – Global Employment Study 2014 • 50% of Small Businesses Fail within the first 5 years – Geri Stengel – Ventureneer • On the Values – Produc<vity Matrix -‐ Too much <me , over 60%, is spent tolera<ng either low or disengaged performers – Jana Ma`hews – Kaufman Ins$tute 7
- 8. Value Proposi<on – Assess people on current and trending competency criteria – Forecast current and future people poten<al and capacity to pace with strategic business objec$ves – Unlock people’s performance poten<al – Mi<gate people risk – Close the performance accountability loop
- 9. Managing Human Capital Poten$al • 3-‐Filter Funnel Assessment Diagnos7c • Organiza$onal Agility Assessment Repor7ng, Analy7cs & Gap Analysis • Workforce Planning, Development & Governance Implementa7on
- 10. Filter Funnel Assessment – Diagnos$c • Filter Funnel Organiza<onal Assessment Model Diagnos<c – Filter 1 – RoleFit © – Filter 2 -‐ Competency Assessment – Filter 3 -‐ PeopleFit©
- 11. RoleFit© Funnel Filter 1: RoleFit© ©©©© Strategy Role Clarity Leader Role Knowledge Role
- 12. Competency Assessment Funnel Filter 2: Competency Assessment Strategy Phoenix Factors Knowledgeable Accountable and Engaged to Deliver Confident
- 13. People Style Funnel Filter 3: PeopleFit©– DISC Profile Strategy DiSC® D – Dominant I – Influencer S – Steadiness C – Conscien<ous
- 14. Organiza$onal Agility Assessment Results • Organiza<onal Agility Assessment Results Repor<ng, Analy<cs and Gap Analysis • Heat Map • Phoenix Competency Gap Analysis • Organiza<onal Agility Report • Business Resiliency Gap Analysis
- 15. Inves$ng in People Development Inves$ng in people is no longer a nice to do. It is a must do, a strategic impera$ve that is: – Strategically aligned to business goals – Targeted, high quality, relevant, immediately applicable and accountable to change Why is investment in the upskilling and development of human capital no longer an op<on but a strategic impera<ve? – When the consequences of not doing it are compromising your ROI, strategic goals, compe$$ve advantage and organiza$onal agility – When having skilled employees are the table stakes needed for your organiza$on to stay in play
- 16. Phoenix Strategic Performance System Assessment Recommenda$ons Delivering Human Capital Value – Current people analysis – Gap analysis and workforce planning – Targeted and aligned employee development plans – Targeted and aligned learning and development – A governance process to ensure accountability and sustainability
- 17. Regarding Human Capital Planning “A Goal Without a Plan Is Just a Wish” Antoine de Saint-‐Exupery Wishing does not make it so……..so • Set Your Inten;ons Clearly • Visualize the Outcome You Desire with UCer Certainty • Be Brave! • Track Your Progress • Plan, Plan & Plan Some More Good luck!
- 18. Ques$ons? Joanne Flynn Phoenix Strategic Performance www.phoenixstrategicperformance.com jflynn@phoenixstrategicperformance.com Making Human Capital a Strategic Ini;a;ve 18