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findingpotential
®

Prepared for {Client Name} on {Insert Date}
Introducing 360 Feedback in our organisation
21st February 2011
findingpotential
Agenda







What is 360 feedback?
When can we use 360?
Why should we use FindingPotential 360?
Who already uses FindingPotential?
Implementation overview
And it looks good

 Why is it free?
 When can’t we use it?

www.findingpotential.com
findingpotential
What is 360 feedback?
 A highly effective and efficient way of gathering feedback on
leaders/managers
 Called 360 as gathers feedback from all perspectives/ angles
 Individual (Fo c us ), line manager, direct reports, peers and others

 Anonymous online process
 Not a silver bullet, a starting point for leadership development

www.findingpotential.com
findingpotential
When can we use 360?


Newly hired/promoted senior manager
 Ensures alignment on priorities and awareness of impact on new colleagues



Leadership/management Development



Basis for personal development of managers at all levels



Talent planning initiatives




Part of process for identifying our talent population
Starting point for individual talent’s career development



Succession planning process



Informs succession planning and leadership development strategies



Bonus related performance review
 Tangible link between leadership behaviour and performance
 Standardised element of performance review across functions



Performance improvement process
 Identify potential causes of underperformance, and support improvement

www.findingpotential.com
findingpotential
Why should we use FindingPotential 360?





Focuses on performance, as well as leadership behaviour
Easy to interpret and build action plans
Simple and quick to implement
Entirely free to use, so we can invest in developing our managers
 Able to re-measure to assess progress (without the need for ongoing budget)

 Able to personalise (e.g. our logo)
 Range of materials to support development (also free)

www.findingpotential.com
findingpotential
What does FindingPotential 360 measure?
Leadership and Management Competencies
11 competencies rated by importance and grouped into 3 core areas

Managing Self ~ personal drive and accountability, handling pressure and thirst for
development
Managing Relations with Others ~ how the manager interacts with, build relationships with and
lead others
Managing the Business ~ decision making and execution, understanding the wider business
context and leading in change

Also grouped according to style of leadership behaviour

 Transactional (‘Doing it right’) and Transformational (‘Doing the right thing’)

Performance Profile
Focused on four key areas that drive organisational performance:
Clarity ~ on vision, performance priorities and roles in delivering
Confidence ~ building belief in collective and individual ability to deliver
Enablement ~ ensuring the organisation and their people can perform
Impact ~ of a leader’s key decisions over the last 12 months

www.findingpotential.com
findingpotential
Implementation overview

www.findingpotential.com
findingpotential
And it looks good

www.findingpotential.com
findingpotential
Why is it free?
 Launched as a core part of TalentDrain’s marketing strategy in November
2009
 TalentDrain’s unique capability means allows to deliver high quality tools
for free
 Expertise in building psychometric tools (mostly ex-SHL people)
 Existing technical platform, for core TalentDrain products

 Two main aims behind FindingPotential
 Encourage organisations to invest in engaging, developing and retaining their
talent, rather than an endless spend and focus on recruitment
 Raise TalentDrain’s brand awareness and thus grow
their core business revenue

www.findingpotential.com
findingpotential
When can’t we use 360?
 Bonus related performance review



Can lead to a culture of collusion (i.e. complicit positive feedback)
Mixes performance reviews with development conversations, detracting from
development focus

 Redundancy/Downsizing process


Never use 360 as any part of a redundancy or downsizing process

 Performance improvement process


If heading towards any kind of formal disciplinary process don’t use 360

www.findingpotential.com

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What is 360 degree feedback

  • 1. findingpotential ® Prepared for {Client Name} on {Insert Date} Introducing 360 Feedback in our organisation 21st February 2011
  • 2. findingpotential Agenda       What is 360 feedback? When can we use 360? Why should we use FindingPotential 360? Who already uses FindingPotential? Implementation overview And it looks good  Why is it free?  When can’t we use it? www.findingpotential.com
  • 3. findingpotential What is 360 feedback?  A highly effective and efficient way of gathering feedback on leaders/managers  Called 360 as gathers feedback from all perspectives/ angles  Individual (Fo c us ), line manager, direct reports, peers and others  Anonymous online process  Not a silver bullet, a starting point for leadership development www.findingpotential.com
  • 4. findingpotential When can we use 360?  Newly hired/promoted senior manager  Ensures alignment on priorities and awareness of impact on new colleagues  Leadership/management Development  Basis for personal development of managers at all levels  Talent planning initiatives   Part of process for identifying our talent population Starting point for individual talent’s career development  Succession planning process  Informs succession planning and leadership development strategies  Bonus related performance review  Tangible link between leadership behaviour and performance  Standardised element of performance review across functions  Performance improvement process  Identify potential causes of underperformance, and support improvement www.findingpotential.com
  • 5. findingpotential Why should we use FindingPotential 360?     Focuses on performance, as well as leadership behaviour Easy to interpret and build action plans Simple and quick to implement Entirely free to use, so we can invest in developing our managers  Able to re-measure to assess progress (without the need for ongoing budget)  Able to personalise (e.g. our logo)  Range of materials to support development (also free) www.findingpotential.com
  • 6. findingpotential What does FindingPotential 360 measure? Leadership and Management Competencies 11 competencies rated by importance and grouped into 3 core areas Managing Self ~ personal drive and accountability, handling pressure and thirst for development Managing Relations with Others ~ how the manager interacts with, build relationships with and lead others Managing the Business ~ decision making and execution, understanding the wider business context and leading in change Also grouped according to style of leadership behaviour  Transactional (‘Doing it right’) and Transformational (‘Doing the right thing’) Performance Profile Focused on four key areas that drive organisational performance: Clarity ~ on vision, performance priorities and roles in delivering Confidence ~ building belief in collective and individual ability to deliver Enablement ~ ensuring the organisation and their people can perform Impact ~ of a leader’s key decisions over the last 12 months www.findingpotential.com
  • 8. findingpotential And it looks good www.findingpotential.com
  • 9. findingpotential Why is it free?  Launched as a core part of TalentDrain’s marketing strategy in November 2009  TalentDrain’s unique capability means allows to deliver high quality tools for free  Expertise in building psychometric tools (mostly ex-SHL people)  Existing technical platform, for core TalentDrain products  Two main aims behind FindingPotential  Encourage organisations to invest in engaging, developing and retaining their talent, rather than an endless spend and focus on recruitment  Raise TalentDrain’s brand awareness and thus grow their core business revenue www.findingpotential.com
  • 10. findingpotential When can’t we use 360?  Bonus related performance review   Can lead to a culture of collusion (i.e. complicit positive feedback) Mixes performance reviews with development conversations, detracting from development focus  Redundancy/Downsizing process  Never use 360 as any part of a redundancy or downsizing process  Performance improvement process  If heading towards any kind of formal disciplinary process don’t use 360 www.findingpotential.com