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Growing Leaders to Grow the Company

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Presentation on theme: "Growing Leaders to Grow the Company"— Presentation transcript:

1 Growing Leaders to Grow the Company
Cathy Pickard

2 Expectations of People Leaders
Motivate Employee Engagement Recognition People Processes Innovation Development Execute Strategy Collaboration Work-life Balance Attract

3 Purpose of Leader Development
Strong People Leaders Great Place to Work Engaged Employees Retention Business Results

4 Learning Objectives How an integrated approach to leadership development ensures a pipeline of leaders at every leadership level How providing multiple leadership development methods can help accelerate the development of leaders in organizations How simple, low to no-cost programs can have dramatic effects on how you identify and develop leaders regardless of the size of the organization

5 Agenda Who is Overview of our integrated approach to Leadership Development Our Tools & Stories Q&A

6 Who Is Monsanto? The world leader in agriculture biotechnology. We apply innovation and technology to help farmers around the world produce more while conserving more. Genuity™ branded TRAITS DEKALB® branded SEEDS Roundup® branded CHEMISTRIES NYSE Symbol: MON or

7 Who Is Monsanto?

8 Monsanto Dynamics & Challenges
Biotechnology Agriculture Global nature of business, matrix structure Development of High Potentials & Future Leaders Diversity Sales and R&D focus Shareholder Expectations Great Place to Work Recruitment 13% - 17% Earnings growth targets

9 The Monsanto Pledge Integrity is the foundation for all that we do. We will demonstrate this value through our commitments to: Dialogue Transparency Sharing Benefits Respect Taking Ownership Creating a Great Workplace

10 Monsanto Competencies
The Keys to Success Relationships & Networks Courage and Candor Agility Initiative & Foresight Results Orientation

11 Monsanto’s Programs People Review & Succession Planning
Senior Leaders Custom Programs Established Leaders Global Leadership Exchange Global Assignments Emerging Leaders Emerging Leaders Program Global Mentoring Plus Regional Leadership Exchange L People Leaders Network Talent Pool People Leader Learning Series People Leaders Network Monsanto University Memberships Tuition Reimbursement People Review & Succession Planning Development, Performance, Rewards

12 Development, Performance, Rewards (DPR)

13 Development, Performance, Rewards (DPR)
Goals Ensures the manager and employee agree on what is expected of them Align individual, team and company-wide objectives Create a culture of continuous development and increasing contribution Establish link between development, performance and rewards Identification of High Potentials

14 Development, Performance, Rewards (DPR)
“We have to be clear about what people management is not: It’s not extracurricular or something you do when important stuff is done. It is the important stuff, and it’s not just the responsibility of HR” Hugh Grant, Monsanto President & CEO HR Executive Magazine, “CEO’s Get It” March 2007

15 Key to success is dialogue with your manager throughout the year
Development, Performance, Rewards (DPR) Business Goals Goal Setting Coaching, Feedback, Goal Review Mid & Year-end Reviews Link to Rewards 50% Business Goals People Manager 25% Metrics Development Goals 25% Key to success is dialogue with your manager throughout the year

16 Development, Performance, Rewards (DPR)
Benefits Ensures managers are developing and engaging employees Early identification of High potentials / Accelerators Business results Development and retention tool Simple concept that can be achieved through paper or electronic systems

17 People Review & Succession Planning (PRSP)

18 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) Goals of People Review Ready to fill key leadership roles with strong candidates at all times Identify and leverage talent across the company Develop people for roles where their contribution is maximized Identify ‘accelerator’ employees – those with high potential for senior level positions in the company (6-10 years)

19 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) People Review Succession Planning Positions Identification of key individuals through assessment of potential Assessment of employee qualifications, strengths, goals and developmental needs Creation of development plans Identification of critical positions and job groups Assessment of the types and availability of talent needed Creation of succession plans identifying succession strengths and gaps People

20 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) People Review Process 1. Employee conducts self-assessment 2. Manager and employee have career / development conversation 3. Manager assesses employee’s performance and potential

21 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) Assessment of PERFORMANCE and POTENTIAL Performance - Review performance over time Potential Ability - Growth Factors Characteristics demonstrated to predict success in future roles Predict capacity to learn new skills and apply them effectively Willingness Readiness Growth Factors Eagerness to Learn Understanding Others Personal Maturity Breadth of Perspective Hay Group®

22 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) Employee’s Worksheet

23 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) Performance & Competencies Growth Factors, Willingness & Readiness

24 PERFORMANCE CURRENT RATING: Business Goals & Competencies
People Review & Succession Planning (PRSP) POTENTIAL LOW MEDIUM HIGH PERFORMANCE CURRENT RATING: Business Goals & Competencies 4 7 9 2 5 8 1 3 6

25 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) 1. Employee conducts self-assessment 2. Manager and employee have career / development conversation 3. Manager assesses employee’s performance and potential People Review Process 4. Manager prepares for people review 5. People Review meeting 6. Manager & employee have a feedback conversation 7. Tracking and Measurement

26 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) People Review Succession Planning Positions Identification of key individuals through assessment of potential Assessment of employee qualifications, strengths, goals and developmental needs Creation of development plans Identification of critical positions and job groups Assessment of the types and availability of talent needed Creation of succession plans identifying succession strengths and gaps People

27 Goals of Succession Planning
People Review & Succession Planning (PRSP) Goals of Succession Planning Identify roles that are critical to the organization Identify candidates who could fill those roles Ensure that strong pipelines of candidates are available to meet the company’s evolving needs

28 Succession Planning Process
People Review & Succession Planning (PRSP) Succession Planning Process 1. Identify critical Roles 2. Identify successors 3. Create the succession plan POTENTIAL L M H PERFORMANCE 4 7 9 2 5 8 1 3 6

29 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) Succession Planning Process 1. Identify critical Roles 2. Identify successors 3. Create the succession plan 4. Analyze succession strength Readiness With Repeats (Names & Titles) No Repeats (Names & Titles) NOW 2 -3 Years 4-6 Years Accelerators 6 – 10 Years

30 Succession Strength Index Scale
People Review & Succession Planning Create a Succession Strength Index Score for each role Number of successors as well as their time to be ready is weighted into the score Score is between 0 and 12 Score of 8 to 12 indicates strong succession plan The Index is adjusted to account for individuals who are repeated on succession plans for more than 1 role Overall evaluation of succession strength for all roles is reviewed Succession Strength Index Scale 1 2 3 4 5 6 7 8 9 10 11 12

31 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) # of Plans/Roles Average = 7.6 Succession Strength

32 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) # of Plans/Roles Average = 5.28 Succession Strength

33 Succession Planning Process
People Review & Succession Planning (PRSP) Succession Planning Process 1. Identify critical Roles 2. Identify successors 3. Create the succession plan 4. Analyze succession strength 5. Succession Planning Meeting 6. Provide feedback to successors 7. Tracking and measurement

34 Succession Planning (PRSP)
People Review & Succession Planning (PRSP) Benefits Identifies future leaders, high potentials and accelerators at all levels Ensures continuous progression of current leaders Engages employees and managers in the creation of meaningful development plans to help prepare for the next leadership role Identifies and leverages talent across the company Helps us ensure we are ready to fill key roles with strong candidates at all times Simple process Simple tools – spreadsheets Low cost

35 People Leader Learning Series (PLLS)

36 People Leader Learning Series (PLLS)
Goal A formal training program that covers Monsanto’s expectations of People Leaders

37 People Leader Learning Series (PLLS)
Benefits Creates common baseline for people leaders Focus on critical role of people leader, selecting, setting direction, motivation, development, assessment, diversity and intercultural skills Networking with other leaders Developed and delivered internally – uses internal expertise

38 Global Mentoring Plus Program

39 Regional or Global Leadership roles
Global Mentoring Plus Program Goal A virtual program that focuses on High Potential employees to accelerate their readiness to take on Regional or Global Leadership roles

40 Global Mentoring Plus Program
Components 12 month mentor relationship with senior leader Build global perspective Develop strategic thinking Enhance connectivity Career coaching Ongoing Web Conference Based Learning Events External speakers on leadership, cross cultural skills, etc. Sessions with key leaders at Monsanto Quarterly Guest Speakers – senior global leaders

41 Global Mentoring Plus Program
Mentee Selection Mentor Selection High Potential employees who could be on Regional Leadership Teams in 5–10 years High Performers with a consistent track record of performance Identify by reviewing boxes 7, 8 & 9 from the Performance – Potential boxes used in People Review & Succession Planning process Current members of Regional Leadership Team Track record in successful coaching / mentoring A natural talent and inclination for developing people

42 Global Mentoring Plus Program
Benefits Global knowledge exchange/exposure Business & leadership skill focus Multi-cultural focus Increased organizational commitment from employee Development and retention Supplements formal education opportunities Simple – web and phone based

43 Emerging Leaders Program

44 Emerging Leaders Program
Goal To onboard and develop experienced high potential future leaders across world areas 2 year program, for experienced hires MBAs with 5-7 years of post qualification experience employed with reputed multi-national companies in key roles OR Non MBAs with 8-10 years of experience in commercial Sales, marketing, production management, strategy

45 Emerging Leaders Program
YEAR 1 – Home Country YEAR 2 – International Purpose Core area of business assignment Balances learning & business deliverables Rounds past experience Cross cultural experience Local mentor Training Business updates Best practices sharing Mentoring sessions Leadership, strategy sessions, business simulations, cross cultural skills, market visits, case analysis, leadership presentations Review Annually with manager & Leader Feedback & assignment to second role Review & feedback, final role assignment Recognition & Celebration People Review & Succession Planning

46 Emerging Leaders Program
Benefits Attracts experienced candidates Injects candidates into the leadership pipeline who will be ready in 2 years for senior roles Cross cultural / global experience Mentoring relationships Business & Leadership skill development Hands on experience Recruitment, development and retention tool Long term investment

47 People Leaders Network (PLN)

48 People Leaders Network (PLN)
Goals Develop people leadership capabilities Provide resources and tools to improve people leadership skills Deliver key information in a timely fashion Provide a forum for sharing best practices, discussing issues and generating solutions Improve communication at all levels

49 People Leaders Network (PLN)
How? Newsletters Training sessions Net meetings & conference calls Video Links SharePoint website

50 People Leaders Network (PLN)

51 People Leaders Network (PLN)
Benefits Focused on leaders Timely communication Helps People Leaders drive employee engagement Encourage collaboration of leaders across functional areas Supports leadership development as an on-going process Low cost, simple

52 L180 Leadership Survey (L180)

53 L180 Leadership Survey (L180)
Goal A developmental tool designed to give upward feedback to people managers to help strengthen their effectiveness as leaders

54 L180 Leadership Survey (L180)
L-180 Dimensions Growth & Development Integrity Leadership Effectiveness Performance Management Respect Derailers

55 L180 Leadership Survey (L180)
L-180 Results Growth & Development 2009 = 3.77 2010 = 3.80 Integrity 2009 = 4.17 2010 = 4.30 Leadership Effectiveness 2009 = 3.88 2010 = 3.96 Performance Management 2009 = 3.84 2010 = 3.95 Respect 2009 = 4.05 2010 = 4.19 Derailers 2009 = 3.97 2010 = 4.12

56 L180 Leadership Survey (L180)
Benefits Compares Self and Respondent ratings to find developmental opportunities Strengthens quality of feedback between team and People Managers (dialogue, respect, transparency, courage & candor) Measures success of leadership Supports continuous improvement

57 Regional & Global Leadership Exchange (RLE & GLE)

58 Regional & Global Leadership Exchange (RLE & GLE)
Goal Strengthen the Talent Pipeline for leadership roles Accelerate the development of a selected group rated High In Potential by Business Leaders

59 Regional Leadership Exchange Components
Regional & Global Leadership Exchange (RLE & GLE) Regional Leadership Exchange Components Part 1 Part 2 Part 3 Business Strategy Leadership Identity & Development Business Planning Structure & mission Leading a team Strategy Fundamentals Commercializing & Selling Monsanto Products Leading Through Relationships Leading in a Matrix Leadership Style Career Plans

60 Global Leadership Exchange Components
Regional & Global Leadership Exchange (RLE & GLE) Global Leadership Exchange Components Part 1 Part 2 Part 3 Business Overviews Career Development Self Awareness External Coach Leading in a Matrix Business Strategy Market Visit & Customer Insights Leadership’s Role in Developing an Organization Strategy Project Project Presentation Leading an Organization Through Change

61 Regional & Global Leadership Exchange (RLE & GLE)
Benefits Projects provide experience and business value and help employee prepare for their next leadership role Development and Retention Future leader pipeline development Networking and relationship development

62 Custom Programs

63 Targets Senior Leaders with many years of experience within Monsanto
Custom Programs Goals Targets Senior Leaders with many years of experience within Monsanto Externally focused Customized to meet individual needs Outside of the classroom

64 Other Initiatives

65 Other Initiatives Monsanto University Memberships
Tuition Reimbursement (MBAs, PhDs, certifications, etc.) Conferences, External Training

66 Summary

67 Development, Performance, Rewards People Review & Succession Planning
Talent Segments & Strategies Development, Performance, Rewards People Review & Succession Planning TALENT SEGMENT TALENT STRATEGY Acquisition Development Retention Custom Programs Global Leadership Exchange Global Assignments Emerging Leaders Program Regional Leadership Exchange Global Mentoring Plus L180 Leadership Survey People Leader Learning Series People Leader’s Network Memberships & Tuition Monsanto University

68 Human Resource Lead, Canada
Questions & Answers Cathy Pickard Human Resource Lead, Canada Monsanto Canada Inc. 900 – One Research Road Winnipeg, MB R3T 6E3 (204)

69 Thank You


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