Best Practice #2: PartnershipExperienced human resource professionals know that successful talent development initiatives require executive commitment combined with employee engagement. HR professionals who leverage their company networks for committed sponsors who will support, participate in, and promote talent development programs, demonstrate another best practice: partnership. By involving as many interested executives as possible, an MNC’s senior team communicates shared dedication to developing the company’s leadership bench. According to one vice president of HR based in Shanghai for a US MNC, “We expect our senior leaders to be engaged in doing this. Everyone is part of talent development.” Partnership is a smart talent development practice because it both builds capacity and deepens engagement, factors that directly contribute to increased managerial retention and readiness.A US-based MNC developed an in-depth program to prepare high-potential managers across Asia for expanding responsibilities and increasingly senior roles. Called “Path to Leadership,” the structured program includes two Hi-Po cohorts who gather twice annually for two years, in order to develop and build skills to more effectively “manage yourself, manage your priorities, manage your team.” The Asia senior leadership team owns the process of selecting Hi-Po cohorts and creating materials to instruct them. In addition, senior leaders champion the program and help deliver the training, led in equal measure by internal executives and external experts. The Hi-Po cohorts learn important lessons, not only by absorbing training content, but by interacting with senior executives who emphasize the program’s purpose—to retain and ready the company’s future leaders for extensive opportunities across Asia. Additionally, the program helps to brand this MNC as an appealing place to develop a long-term career, thus indirectly supporting Hi-Po recruitment as well.
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