August 2023 Issue

Welcome to our newsletter. Consider this a collection of insights and ideas from the team at CEO.works .

In this dynamic world of talent management, we aim to keep you informed with the latest insights, progress, and offers from our renowned professionals and the industry. This edition of our newsletter covers several updates, including introducing a new team member and enlightening content you can benefit from.

TALENT TO VALUE PRACTITIONER INSIGHTS

We are thrilled to share the perceptive article "Talent to Value? Practitioner Insights" by Shefali Salwan and Bill Allen , two undisputed industry thought leaders. They have embodied their years of experience, practical insights, and advanced theories into this riveting article that offers a wealth of information for those wanting to better understand the Talent to Value methodology.

Here is the excerpt:

Talent plays a crucial role in value creation. In times of exponential change, it’s your responsibility as an HR leader to dynamically connect the right talent to the roles critical to delivering that value.

At the onset of the pandemic, as companies grappled with the complexities of remote and hybrid work and the ripple effects of widespread economic and social disruption, a revolutionary process known as the Talent to Value methodology was gaining traction. The process offers a pragmatic approach to driving business outcomes by connecting talent to value. Specifically by connecting the right talent to the work that must be done by critical roles to deliver value.

The following Q&A is derived from a conversation with Steve Courington, former Head of Global Talent Management at a $50B multinational pharmaceutical company where the Talent to Value process was implemented in 2021 to address organizational challenges. Courington has since served as the Vice President of Talent, Leadership & OD at Goodyear?. ?

Why Choose the Talent to Value? process?

It’s a pragmatic, focused methodology, almost counter-culture in nature.

It could help us identify and focus on just the critical roles that could significantly increase enterprise value. This aligned with my belief that not all roles are created equal. It could also provide us with a set of concrete actions to take to mitigate execution risk and support value creation.

What was the problem you were facing?

The identification process we had been using for critical roles had taken too much time and given us a list that was too long and too controversial. That made it difficult to take meaningful action.

In fact, it had taken us a year to produce a list of 175 roles across the organization. We were struggling to shorten it. We were stuck debating which roles should be on the list versus which ones should be off the list. We couldn’t come together.

How did the Talent to Value approach differ from what you’d done before?

It's specifically designed for the 1% of roles that are most critical to the company—and that’s what we wanted it for. There are many existing talent management practices that are appropriate and practical for the remaining 99%. The good news was that it wasn’t an either/or situation. We could run both approaches concurrently. We just needed to get the heads of strategy, finance, and HR behind this game-changing approach to critical roles.

So we introduced it to our CEO, CFO, CHRO, and Head of Strategy. As soon as we explained its selective focus and linked it back to business outcomes, they saw what we saw and became immediate champions. Enrolling them was important: they became advocates for Talent to Value and got their teams in finance and HR involved in doing the work.

You can access the complete article here .

WELCOME STEVE COURINGTON

We are delighted to welcome Steve Couringnton as the new General Manager of our Talent to Value Academy.

Steve has spent the last 30 years leading talent management, leadership, and organization development functions for Fortune 500 organizations in eight diverse industries. As a CEO.works client, he was an early adopter and champion of Talent to Value?. Now he is focused on growing the firm's capability programs and global community of value practitioners.

Steve's wealth of experience and innovative leadership promises a bright future for our academy.

TALENT TO VALUE INTERVENTIONS WHITEPAPER

We are excited to share our popular Talent to Value Interventions Whitepaper with you, now accessible via the CEO.works Shop . A must-read for every level of human capital leadership, this whitepaper sheds light on valuable insights and interventions.

If you are interested in this expertly curated resource, designed to offer practical, data-driven strategies and insights tailor-made for high-powered executives like you, we have this exclusive, limited-time opportunity: Download the whitepaper this week and receive a 50% discount on your purchase. Use the discount code VALUE50 at checkout to claim your offer.

Our journey in delivering value through talent continues, and we're enthusiastic about sharing this journey with you. As always, your support and engagement are integral to the value we wish to bring into this community. We look forward to sharing more insights and exciting updates in the future. Thank you for being a valued part of our Talent to Value community.

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