lack of competency will undermine your talent management strategy

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Lack of Competency Will Undermine Your Talent Management Strategy Doug Reed, VP of IT Business Relationship Management at CBRE Group Inc. & President of Oracle HCM User Group (OHUG)

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Page 1: Lack of competency will undermine your talent management strategy

Lack of Competency Will Undermine Your Talent Management Strategy

Doug Reed, VP of IT Business Relationship Management at CBRE Group Inc.

& President of Oracle HCM User Group (OHUG)

Page 2: Lack of competency will undermine your talent management strategy

About Today’s Presenter

Doug Reed is part of the IT organization at CBRE Group, Inc. as the Business Relationship Manager for Global Shared Services. In this role, Doug serves as the key strategic interface between the IT organization and the Global Shared Services business units for the purpose of aligning business and IT strategy.

Along with his position at CBRE, Doug is actively involved with the Oracle HCM Users Group (OHUG). OHUG is an organization devoted exclusively to providing users with valuable insight into Oracle E-Business Suite, Oracle PeopleSoft, Oracle Fusion HCM, and Oracle Taleo applications. He has served on the Executive Board of Directors since 2009, recently assuming the role of President of the organization.

Page 3: Lack of competency will undermine your talent management strategy

Definition of Skills and Competencies

The Big Picture of Talent Management

Real World Experiences

Final Tips to Avoid Disaster

Agenda

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Poll

Have you ever had a boss / supervisor that you felt was incompetent?

• Yes

• No

Page 5: Lack of competency will undermine your talent management strategy

Poll

Have you ever had a coworker / teammate that you felt was incompetent?

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Poll

What have you experienced in working for or with an incompetent person?

• I get stuck picking up their slack

• They take credit for my work

• They feel threatened by new ideas

• They waste hours on useless meetings

Page 7: Lack of competency will undermine your talent management strategy

Skill

• Proficiency, facility, or dexterity that is acquired or developed through training or experience

Competency

• A cluster of related abilities, commitments, knowledge, and skills that enable a person (or an organization) to act effectively in a job or situation

Skills and Competencies Defined

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THE BIG PICTURE OF TALENT MANAGEMENT

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“Employees are a company’s greatest asset –they’re your competitive advantage. You

want to attract and retain the best; provide them with encouragement, stimulus, and

make them feel that they are an integral part of the company’s mission.”

- Anne M. Mulcahy

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Competencies: The Common Denominator

Competencies

Recruiting

Learning Management

Performance Management

Career Development

Succession Planning

Compensation

Source

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The Competency-Based Approach

Find Develop Retain

• Talent Management strategy becomes:

– Detailed

– Transparent

– Defensible

– Effective

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Define Role Competencies

Competency-Based

InterviewsDon’t settle!

Improve Recruitment

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Performance Assessments

Identify areas of expertise

Score against competencies

Detect areas for improvement

Common language

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• Identify employee’s competency gaps and learning requirements for future roles

• Competencies aligned with business strategy

Employee Development

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• Key roles should always have a succession plan in place

• Identify role’s core competencies

• Perform a gap analysis to find potential successors

• Identify readiness of successors, and plan their development accordingly

Succession Planning

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BENEFITS OF COMPETENCY-BASED TALENT MANAGEMENT

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Clearly defined expectations

Understanding of competency gaps

Applicable learning and development plans

Record of achievements

Personal Benefits

Source: Lexonis “Why Competency-based Talent Management” p. 7

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Understand employee strengths and weaknesses

Informed career development discussions

Prescriptive learning and development plans

Identify subject matter experts

Tactical Benefits to Managers

Source: Lexonis “Why Competency-based Talent Management” p. 7

Source: HRsmart’s Career Development Module

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Standardized skill-based job profiles

Effective staff deployment

Succession planning

Identification of ‘real’ learning requirements

Effective use of learning and development solutions

Tactical Benefits to HR

Source: Lexonis “Why Competency-based Talent Management” p. 8

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View of the capability of the organization

Proof that the organization is meeting regulatory requirements

Learning and development plans aligned with business strategy

Strategic Benefits

Source: Lexonis “Why Competency-based Talent Management” p. 8

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The Road Without Competency Management

Page 22: Lack of competency will undermine your talent management strategy

Inability to act

Lack of openness with

employees

Refusal to deviate from

procedure

Preference for weak

candidates

Focus on small tasks instead of big picture

Signs of Incompetence in Management

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• Constantly finding excuses not to make a decision

• Endless planning but never a finalized plan

• Addicted to using consultants to make the hard decisions

Inability to act

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Lack of Openness

• Threatened by new ideas

• Don’t like input from employees

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No Deviation from Procedure

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Preference for Weak Candidates

Source: Hirers “Hire Smarter People Than You!” August 2014

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Focus on Trivial Tasks

• Caught up in micromanaging employees

• Inability to see the big picture

• Endless meetings that achieve nothing

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FINAL TIPS TO OVERCOME INCOMPETENCE

The Do’s and Don’ts

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Know what you’re looking for in a position BEFORE you hire someone

Know when to develop someone internally vs. hiring someone external

Use performance appraisals to re-assess competencies

Set career goals with employees to keep them motivated

Constantly look for possible successors to key positions

Tips to Overcome Incompetence

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Questions

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Resources

• Lexonis (2011) Why Competency-based Talent Management? – Andy Andrews, Managing Director, Lexonis Ltd.

• Sompong Yusoontorn (2012) 7 Destructive Habits of Incompetent People!!!

• Bryan Alaspa (2008) Identifying Incompetence –Management-Issues.com

• Hirers Business Solutions Pvt Ltd (2014) [Secret to Business Success] Hire People Smarter Than You!

• Aoife Gorey (2012) – Avoid Mediocrity: Ways to Transform Incompetent Managers – Profiles International, Workplace 101: A Profiles Global Business Blog

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Visit the HRsmart Website:www.hrsmart.com

Questions? [email protected]