Comprehensive Capability Assessment and Leadership Development Program Drives Organisational Success at Leading Steel Manufacturer
The Brief
Future Leadership was engaged by a global leader in premium branded coated and painted steel products, over the course of 2021 to:
- Conduct research into the leadership capabilities required for leading in a post-COVID workplace. Over 500 leaders globally completed an online survey measuring leadership challenges, skills rated as important, and skills requiring development.
- Leverage these research insights and help co-design “Leading at [Company De-identified]” (LaB) – a global definition of leadership capability and potential.
Improvement in Performance
Studies show that executives who receive coaching report a 70% improvement in work performance, according to the International Coaching Federation (ICF).
Increase in Employee Retention Rates
Companies that offer coaching and transition programs during restructuring or layoffs see a 60% increase in employee retention rates, as reported by the Human Capital Institute (HCI).
Faster Reemployment
Outplacement services and career transition coaching can reduce the time it takes for displaced employees to find new jobs by 50%, according to a study by RiseSmart.
Higher Return on Investment (ROI)
The ICF reports that companies receive an average return of A$11.85 for every dollar invested in executive coaching.
The Process
Over the course of 2021, Future Leadership partnered with the company to undertake a comprehensive capability assessment and leadership development initiative, which included:
- Creation of a Global Insights Framework mapping curated assessment tools to LaB capabilities.
- Creation of a suite of learning modules related to LaB and the various ways in which it could be applied, including Assessing Leadership, Ethics and Governance, LaB and Development, LaB and Recruitment, and an overview of Assessment Fact Sheets.
- Rollout of these modules across the global HR community through live facilitation, online learning, and self-paced modules.
- Creation of a customised 360 tool housed on an online platform, to enable leaders to assess against LaB.
- Creation of a Group Data Framework outlining the processes, systems, and governance of managing group data insights.
- Development of the Aspire Leadership Development Program, which comprised the LaB 360, a measure of technical competence, line manager conversations, program sponsorship, and peer coaching circles.
- Collaboration across technical functions (HSE, Legal, Finance, Manufacturing Excellence, Strategic Marketing, and Digital) to help develop technical competency frameworks, ensure alignment with LaB, and design technical assessment rubrics to inform the Aspire program.
Future Leadership's Average Participant Indices Across Capability Assessment Clients
43% Increase in Self Awareness
Individuals’ awareness of motives, values, strengths and development needs
27% Increase in Motivation
Individuals’ motivation to apply learning, insight and further develop
29% Increase in Confidence
Individuals’ confidence in their abilities and impact as a leader
32% Increase in Role Clarity
Individuals’ clarity around success factors associated with their role
The Outcome
Future Leadership played a key role in executing the company’s Organisational Capability vision and aligning the contributions of the function to the company’s Purpose, Bond, and Culture.
Future Leadership is also the company’s partner for all selection assessment in the ASEAN region and continues to support the organisation on an ongoing basis.
