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Mc donald’s talent management and leadership development

  1. McDonald’s Talent Management and Leadership Development TALENT MANAGEMENT Presented to Prof. Ashutosh Muduli Presented by Darshit Paun 20131010 Nilay Dave 2013 Shirshendu Mandal 20131050 Siddhartha Bhatnagar 20131051
  2. Goal of Talent Management Today’s Leader High performance committed leaders Tomorrow’s Leader Deep, Diverse pool of replacement candidates Development Culture Culture that both demands and supports learning and development
  3. Scope of Talent Management  Talent Planning/ Forecasting  Talent Assessment  Staffing /Recruiting/ movement  Development
  4. Step1: The Starting Point  Moved from five to three rating category with new rating labels.  Established target rating distribution of 20% in the highest category,70% in the middle category and 10% in lowest category.  Added demonstrated competencies in evaluation criteria.  Aligned compensation system to ensure that pay differentiation matched performance differentiation.
  5. TALENT MANAGEMENT PLAN  To assess the depth and diversity of the talent pool.  Talent Plan reviews were conducted at the senior management level on an annual basis.  Senior managers to report the strengths of their current leadership teams and the depth & diversity of their leadership pipeline.
  6. KEY ELEMENTS OF TALENT PLAN Forecast of leadership requireme nt Assessment of performance and advancement potential Identificati on of backups for key leadership position Diversity analysis and improvement Retention Strategy for top talent Leadership development strategy for key talents
  7. LESSON’S LEARNT  Strong linkage required between the business strategy and the Talent Plan.  Disciplined approach to the plans and track its progress.  Start the process at the top of the organization and gradually come down to all the levels.  Not much emphasis be given to the empirical data to avoid “stretching the truth”.
  8. Accelerated Development Processes In 2003:  Leadership @ McDonald’s Program (LAMP) In 2004:  European Leadership Development Program (ELDP)  Asian Leadership Development Program (ALDP)  Middle Eastern & African Leadership Development Program  LAMP Americas
  9. LAMP  Global  24 high-potential director/senior directors  Participation- Europe, Asia and the Pacific, Middle East, Latin America, and the United States.  Diversity: 40% Women and 39% minority participants representing 11 countries.  Candidates nominated by senior leaders, Screened & admitted to program by CEO.  Primary designed – Internal resources Design & execution- Consultant/ Facilitator & Internal Staff
  10. LAMP Goals Exposure to business issues Self developme nt Build organizatio nal engageme nt Broaden understandi ng of business Enhance leadership skills Build relationship s & strong networks
  11. LAMP- Key Elements  9 months program – 6 classroom session (3-4 days each)  Third party assessment & a 360 degree survey feedback  Detailed personal development plans  Executive dialogues at every session  Coaching – by Facilitator & Peers  Leadership Modules  University experience  An action learning project  Presentation by senior leadership team
  12. Statistics till 2009  4 LAMP sessions, 3 ELDP sessions, and 3 ALDP sessions  Total graduates- 200  Women participation- 42%  Representation from 45 countries  37% of graduates of all programs have been promoted
  13. Lesson’s Learnt  Start small, with a pilot, & establish a brand.  Length of program matters.  Selection of Action learning projects is important & should have strong sponsors.  Scales project correctly  Programs in different areas of the world need to be shaped & customize.
  14. Leadership Development  2006 – Decision was made to launch the McDonald’s Leadership Institute.  Virtual Centre providing accelerated development programs,  Transition programs  Core programs  Online Development Resource Centre (Personal Development related resources accessible from anywhere around the world)  Leadership Dialogues from Senior leaders and external thought leaders.
  15. Scope of Resources for McDonald’s Leadership InstituteCareerTools Complete your internal profile Prepare for an interview Leadership position profiles Development planning 360 feedback Development Planning Support Online Development Resource Centre Development Resources Internal Development curriculum University programs Self-study books, articles Executive Coaching Job transitions On-Boarding and assimilation support Job transition support Accelerated development programs GLDP LMP ELDP ALDP Talent Management Development Culture 2006 Launch
  16. GLDP – Global Leadership Development Program  Accelerating development of highest potential officers.  Funded from CEO’s budget  Global Effort to build leaders using internal expertise and external thought leaders.  Focus on  Knowing the market and the customer  Executing to deliver results  Leading innovation  Paying attention to ethics and values  Enhancing self-awareness and driving for continuous personal development.
  17. Metrics to measure impact of TM initiatives Strength & Diversity of Current Leadership Team •Annual performance Rating distribution •% of leaders assessed having higher potential •% of lower performers on improvement plans •Year-over-year changes in diversity Depth & Diversity of feeder pools •% of key leadership positions for which at least 2 backups identified •Diversity of feeder pool candidates Retention of top performers & those with high potential •% of those rated exceptional •Retention of leaders with high advancement potential
  18. Improvement Areas  Strong linkage between talent planning and strategic planning  Making better use of planned job moves to accelerate development  Improving overall execution
  19. Conclusion  Carefully planned approach in building talent management.  Started with fixing PMS  Untimely deaths of two of its top leaders bolstered the requirement of talent management initiatives.  The metrics have been tracked and appropriate changes have been made with time to ensure a strong leadership team in place.
  20. Thank You
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