6 charts you can't afford to ignore: talent management intelligence for the financial industry

6 CHARTS YOU CAN’T AFFORD TO IGNORE

Talent Management Intelligence for the Financial Industry

© Development Dimensions International, Inc., MMXIV. All rights reserved.1

© Development Dimensions International, Inc., MMXIV. All rights reserved.

HIRE FOR ROI

By improving the quality and efficiency of its hiring process, a global bank reduced operating costs and turnover, yielding a $5.8 million in savings in the first year.

Source: Setting the Standard for Managerial Excellence (DDI, 2012)


COMPOUNDING THE PROBLEM: The Negative Impact of Poor Leadership

A global financial institution

found 43% of their

leaders lacked

critical change-

leading skills much

to their employees

detriment. Are your leaders

negatively impacting your

workforce?Source: Sharing Successes: Bank of America Corporation (DDI. 2002)

Magnus, Danielle

I want to review this. I'd like to make the image more of a compounding effect.


LEADER EFFECTIVENESS in the New Regulatory Age

Only 55.5% of a national bank’s leaders displayed the

ability to translate strategy effectively—before training.

Source: Mid-level Leaders Experience Bottom-line Business Impact (DDI, 2011)


QUALITY LEADERSHIP for Bottom-line Performance

Organizations with the

highest quality leaders are 13 times more likely to outperform their competition in key bottom-line metrics.

Source: Mid-level Leaders Experience Bottom-line Business Impact (DDI, 2011)

Magnus, Danielle

Need to add: Poor, fair, good, very good, excellent under bars in addition to axis title "Leadership Quality". Otherwise we can't see the connection between the 6% outperforming their competition with poor leadership vs. the 78% with excellent leadership.


GAIN THE ADVANTAGE: Convert Talent to Profit

47% of leaders at a

national bank said they

struggled to

cultivate both

networks and

partnerships. Implementing training

to improve the same

behaviors, bank saw revenue

gains related

to cross-selling between

$25,000 and $600,000.Source: Crossing the Canyon (DDI, 2013)


TECHNICAL EXPERTS

≠LEADERS

53% of frontline leaders get their first management job

because of technical as opposed to more critical leadership skills including coaching, delegation, and judgment.

Source: Global Leadership Forecast 2011 (DDI, 2011)