Talent Development for the New Age 10.22.19
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I presented this to a group of business owners and managers at the Insights Association on 10/22/19. This is all about how to engage, develop and multiply your people to maximize productivity and profit.
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Talent Development for the New Age 10.22.19
- 1. Talent Development In The New Data Age Insights Association CRC Andy Storch October 22, 2019
- 2. Talent Development Consultant, Facilitator, Speaker Host of two podcasts: The Talent Development Hot Seat & The Andy Storch Show Host of the Talent Development Think Tank Conference + Community Passionate Husband, Father, Friend Committed to being a Loving, Authentic, World- Changing Leader Andy Storch
- 3. • Technology is still created by people • Business is still run by people • Research still led by people • Innovation still driven by people • You can’t forget about your people Importance of People
- 4. • Customer experience rarely exceeds Employee Experience • Never been easier to change jobs (data) • Everyone talks • Engaged employees are more productive • Engagement reduces turnover and saves money Why Engagement & Experience Matter
- 5. Engagement Impact • Companies with higher employee engagement experience… • 22% higher productivity • 25-65% lower turnover • 41% fewer quality mistakes or defects • 22% more profitability 2012 Gallop study of 192 organizations and 1.4 million employees
- 6. What Drives Engagement? • Alignment • Connection to Purpose • Learning & Development (Growth) • Collaboration • Challenge • Fun • Diversity + Inclusion
- 8. Connect to Purpose • Start with Why • People want purpose • People want to know their work matters • Beyond the paycheck • Drives alignment and mindset
- 9. People want Development • Younger workers want professional development more than ever • Offering development reduces turnover • Who’s responsibility is it? • Career development should be manager led and employee owned • If you don’t provide development, someone else will
- 10. • What is Inclusion? • Inclusion drives collaboration • Collaboration drives Innovation • Innovation requires psychological safety D&I Drives Innovation
- 11. • What got you here won’t get you there • No industry or business is safe from distruption • You need innovation to drive growth • Growth increases engagement and attracts talent Innovation Drives Growth
- 12. Culture Addition (not Fit) • Do you look for a job or culture “fit”? • New trend is culture “addition” • Strive for diversity and inclusion
- 13. Why are we smarter and more capable around some leaders but not others?
- 14. Create a Multipliers Culture • The best leaders make their people smarter • Multipliers are challengers and talent magnets • Diminishers • Multipliers believe people believe in and rely on their people • Diminishers believe in and only rely on themselves
- 15. Copyright © 2017 BTS | 19 100% 95% 100% 48% Diminishers People won’t figure it out without me Empire Builder Hoard & underutilize talent Tyrant Create stress that stops thinking Know-It-All Tell people what to do Decision Maker Decide (then debate) Micromanager Manage every detail People are smart and will figure it out Talent Magnet Attract and optimize talent Liberator Create space for best thinking Challenger Extend stretch challenges Debate Maker Debate (then decide) Investor Instill ownership & accountability Multipliers See Do See Do
- 16. Decision Maker
- 18. STAY IN TOUCH! LinkedIn Instagram YouTubeFollow on LinkedIn & Instagram Talent Development Hot Seat The Andy Storch Show www.talentdevelopmenthotseat.com astorch@advantageperformance.com THANK YOU!!!