If you’ve promoted certain team members, you may be keenly aware that they need to develop to be high-performing. If you’ve selected others from the outside or you were hired to lead the company with certain leaders already in place, you might think those leaders should be excellent because they earned their seat. But this is often not the case. New leaders are rarely fully prepared to meet the demands of such leadership roles, much less be high-performing. And leaders hired from elsewhere or who’ve been in such a role for some time have often never been adequately prepared either.
So how does one know what high performance should look like for each executive team leader? The job scorecard for a role captures high performance. It goes beyond a traditional job description to outline all the expectations of a role, including results, metrics and targets, areas of accountability and responsibilities, authority and behavioural competencies. We also encourage our clients to include their core values in each job scorecard, as well as the specific behaviours that show those core values are being lived. See our earlier 5 Minute Growth Tip for how to create a job scorecard. With the job scorecard for each leader as a definition for high performance, how does a CEO go about ensuring their leaders develop to that level? There are four key elements:
Quarterly Coaching Reviews The starting point for developing a leader is for them and the CEO to get in the habit of conducting a Quarterly Coaching Review. At the end of each quarter, usually after your executive team quarterly planning, have each leader assess themselves against their job scorecard in order to identify the areas where they are strong and the areas they need to develop in. This involves simply rating themselves using a five point scale on each core value, metric, responsibility and competency in their job scorecard. The CEO does the same. They then get together and review their ratings. They note where there are similar ratings, but focus more on where there are differences and why they each view those items differently. This often exposes a blindspot for the leader. They thought they were doing fine in a certain area, until the CEO shares their perspective. They quickly become aware that something is missing. This open conversation helps the leader buy into the need to develop in that area. Personal Assessments Sometimes, certain areas requiring development are stuck-points: areas the leader has been struggling with for some time. It can be helpful to have the leader complete one or more personal assessments to determine why they might be struggling. Such assessments can help pinpoint an underlying root cause a leader needs to work on or how they might be able to go about the work in a different way to be more successful. Or it might reveal that the leader simply won’t be able to, or enjoy, excelling in that area. In the later situation, moving them to another role or out of the organization may be needed. A qualified business growth executive team coach can help determine which personal assessment is best for the situation, provide access to the assessment, help interpret the results and help determine what actions could be taken. Quarterly Development Plans Once areas for development have been identified, it’s helpful for the leader, with the CEO’s support, to create a brief development plan for the quarter. This involves first narrowing down the areas for development to a manageable number, say the top one or two, as agreed to between the leader and the CEO. Then, the leader identifies what methods will work best for them to learn in those areas and successfully turn that learning into sustained skills. One leader may find that their learning needs are best served by taking a course. Another leader may find that they are best to lead a project that will stretch their skills. It’s important to document the development plan for the leader and CEO to be able to revisit throughout the quarter, as well as at the next Quarterly Coaching Review, when they’ll check in on completion. An individual development planning tool can be helpful for considering and evaluating the various types of learning and skill development options available for the leader, as well as documenting the plan. Weekly One-On-Ones The purpose of a CEO’s one-on-ones with their executive team members is to create a space where leaders can discuss their progress, receive relevant feedback (both appreciative and constructive feedback), discuss alternative approaches, ask for meaningful guidance, and access resources. They also create a space for the CEO to really get to know and appreciate the leader, both as a leader and as a person, which strengthens the relationship, contributing to the leader’s engagement, loyalty and retention.
If you are a prairie CEO who wants to grow a thriving company, team and life more quickly, more easily and with less stress and headache, please contact me here.
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