The CEO’s Role in Talent Management

The CEO’s Role in Talent Management-Fierce, Inc.

Fierce CEO Halley Bock has a new article featured on the Talent Management Magazine website. We wanted to share a portion of the piece with you, to read the full article click here.

Don’t just tell your employees they’re your most valuable asset — show them. And get your CEO involved in talent management efforts to drive home the message.

Most organizations widely publicize the fact that talent is their most valuable asset — and that’s often true. But when employees see a disconnect between such claims and what actually happens behind closed doors, there are bound to be repercussions in engagement and retention. To avoid this, organizations must show, not tell, their people how they’re valued — and this can start at the top with the CEO.

Create a people-first culture. While there are many responsibilities a CEO can delegate, setting and reinforcing the culture isn’t one of them. Herb Kelleher, famed former CEO and co-founder of Southwest Airlines, understood this to a degree that many leaders still struggle to comprehend. By placing utmost importance on defining the culture and ensuring it had everything to do with his employees, he created one of the most successful airlines in history. Kelleher’s motto was, and continues to be, “You have to treat your employees like customers.” By treating them right, he could be assured that they, in turn, would treat the customer right.

Creating a people-first culture has more to it than just coming up with a catchy motto. A CEO must be committed to the employees at the deepest level. This means addressing their needs through increased flexibility in corporate policies, caring for the employee’s family by extending inclusive benefits and investing in their future by prioritizing promoting from within.

Embed continuous development. Rare is it that an employee comes on board and is content to remain in the same position year over year. The more typical employees come on board enthusiastic about the position and, over time, become restless as their desire to grow supersedes their current job satisfaction. Unfortunately, most employers address this need from a reactive posture, which can result in a “too little, too late” outcome.

CEOs can play an active role in retaining their talent by setting the tone early on that their organization values ongoing, continuous development as a means to meet an employee’s future needs. Every year, as part of the evaluation process, employees should identify a role, or aspect of a role, that interests them. Then, along with their managers, employees can create a process to learn the skills needed for the role. By placing the onus on the talent to drive their development, a CEO can enjoy the rewards of high levels of personal accountability and a thriving organization.

To read the full article on the Talent Management website, click here.

 

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