7 Guiding Principles for Developing Leadership Talent

People deliver numbers. If you want the numbers, you need the people. As a leader you need to know how to judge raw human talent. In The Talent Masters, Bill Conaty and Ram Charan explain how to do it.

To develop talent, you need to become intimate with your people; to know the essence of each individual. Talent masters can identify a person’s talent more precisely than most people simply because they excel at observing and listening. And they institutionalize this skill to create their own supply of good judges. It simply must become part of the culture.

Talent development is not an event. It is a process. To make it sustainable it must become part of the culture. And no one needs to understand that more than the CEO. When you have an organization devoted to a person, you have a cult. When you have an organization devoted to a set of principles and values, you have a culture. Developing people simply must be a priority from the top down. That leads us to Conaty and Charan’s first principle of the talent masters:

1. The leadership team understands that the top priority for the future is developing the talent that will get it there. Talent masters spend at least 25% of their time spotting and developing other leaders; at GE and P&G it’s closer to 40%)
2. Meritocracy through differentiation. Fill leadership roles based on measured performance rather than just rough judgments and personal considerations. “Memorize this slogan: Differentiation breeds meritocracy; sameness (the failure to differentiate people) breeds mediocrity.” Reward leaders according to their talents, behaviors, and values.
3. Reinforce working values. These are the values people live by; how work gets done. Talent masters “repeat and repeat and repeat their values, and reinforce them by linking recognition and rewards with them.
4. Insist on a culture of trust and candor. You can only develop your people if you have accurate information about them. You can only get that information is if you talk candidly. Candor gets the truth out. It enables keener observations, greater insight, and better descriptions.” Conaty and Charan say that this is actually the hardest part of becoming a talent master.
5. Create rigorous talent assessments. Your talent assessment/development systems should have as much “rigor and repeatability as systems used for finance and operations.” And you should “review people as thoroughly and regularly as you review operations, business performance, strategy, and budgets.”
6. A business partnership with human resources. The HR function will only be as strong as the CEO wants it to be. Elevate it to the same level as the CFO.
7. Continuous learning and improvement. The ever-changing business environment means that you need to constantly change and update both the leaders’ skill as well as your own leadership criteria to stay in sync with the world around.

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Posted by Michael McKinney at 10:10 PM
Permalink | Comments (0) | This post is about General Business , Human Resources