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Shape the Leadership of Tomorrow (1)

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0% found this document useful (0 votes)
104 views18 pages

Shape the Leadership of Tomorrow (1)

Uploaded by

nirmalya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SHAPE THE LEADERSHIP

OF TOMORROW WITH
INSIGHTFUL ASSESSMENTS
Evaluate Performance, Potential, Readiness, and
Fit with Korn Ferry’s Leadership Assessments

EBOOK
BUILDING
A STRONG
LEADERSHIP
PIPELINE
85% of the jobs of 2030 haven’t been invented yet.*
We may not know what those positions are, but
we do know what skills will be necessary. Future
leaders need to be able to seize opportunities for
transformation, inspire change, and connect and
collaborate to unleash collective energy—authentically
and with heart.

Korn Ferry’s assessment solutions help you uncover


these capabilities in your existing and potential
leaders, as well as in external candidates. Used in
conjunction with our development and succession
planning services, Korn Ferry’s assessments empower
you and your people to become their best to deliver
on your vision of success.

This guide provides a detailed look at the assessment


methods we use to help you understand where your
leadership stands today and what you need to do to
shape the leaders of tomorrow.

2 | EBOOK
WHITE PAPER
| Shape| the
Example
Leadership
Name of Tomorrow with Insightful Assessments
67%
of investors
believe that
traditional
leadership is
unfit for the
future**

1/3
of all CEOs last
less than three
years in the
role**

* Dell Technologies
** Korn Ferry Institute

Shape the Leadership of Tomorrow with Insightful Assessments | EBOOK | 3


ASSESSMENT
LIKE NO
OTHER
Assessment is an integral part of your broader We draw on a range of methods to make
talent framework, allowing you to continuously this happen—from technology-enabled
develop your people and your organization to assessments designed to scale to high-touch,
drive success. highly customized assessments tailored
for senior levels. Whether you’re looking to
Korn Ferry’s assessment solutions help you support larger-volume talent acquisition and
build stronger leaders by identifying what development needs, make critical leadership
talent you need, what talent you have, and how decisions, or better understand and develop
to close the gaps. your rising stars, Korn Ferry advisors work with
you to identify an assessment solution that
Our state-of-the-art, science-backed
best addresses your specific business needs.
assessments enable you to:

• Gain objective data to support talent


management decisions

• Pinpoint clear and actionable


opportunities for growth

• Empower leaders to take action on their


own development

• Build stronger talent plans and make


smarter investments in your people,
today and into the future

4 | EBOOK | Shape the Leadership of Tomorrow with Insightful Assessments


BENCHMARK
Identify what talent you need to 1
activate your business strategy.

ASSESS
Assess current and potential leaders Performance
2 inside and outside your organization Potential
for selection, progression, and Readiness
succession planning. Fit

DEVELOP
Bridge capability gaps through 3
targeted development.

Shape the Leadership of Tomorrow with Insightful Assessments | EBOOK | 5


KORN FERRY
ASSESS
THE HERO BEHIND EVERY ASSESSMENT

 ONLINE  ASSESS  USE FOR


 45 MINUTES • Performance • Role Design
• Potential • Candidate Selection
• Readiness • Development Planning
• Fit • Succession Planning

The first step on any assessment journey is Key Benefits:


understanding the individual. What are their
strengths—even the ones that aren’t being • Quickly and accurately identify high-
tapped in their current position? Where do performing leaders with a scientific, data-
they have potential but lack experience? What driven approach
drives them, and where do they stand in their
• Identify risk factors and agilities for higher
own way? How well do they adapt to change?
level roles
We do this using Korn Ferry Assess, our world-
• Give leaders control over their
class psychometric-based self-assessment of
development journey with a meaningful
leadership behaviors and abilities. Korn Ferry
feedback report
Assess can be used alone to rapidly identify
the talent you have across the organization, or
in conjunction with other assessment methods
as part of a customized approach. Either way,
it provides valuable data that you can use to
identify gaps, plan development, and make
more strategic talent decisions.

THE Korn Ferry Assess is the only high-tech assessment solution to

KORN
evaluate individuals in 30 leadership behaviors, 20 traits, 6 drivers,
11 risk factors, and 4 learning agilities against our robust Success

FERRY
Profiles. It uses proven measurement technologies to maximize
resistance to faking while minimizing response bias—so you can be
confident in the results.
DIFFERENCE
Data collected using Korn Ferry Assess can be compared against
different Success Profiles as your team’s needs change. For example,
a first line creative leader could be assessed for fit and readiness for
a Group Creative Director role. Down the road, the same assessment
data could be benchmarked for potential for an Executive Director
of Strategy role.

6 | EBOOK
WHITE PAPER
| Shape| the
Example
Leadership
Name of Tomorrow with Insightful Assessments
KORN FERRY SUCCESS PROFILES

Benchmarks for
assessing fit and
predicting success
Customized Success Profiles serve as benchmarks for
your assessments. Drawing on data collected over 60+
years of working with the best-performing leadership
at the world’s top companies and grounded in real-
world examples of what good looks like, Korn Ferry’s
Success Profiles define the unique combination of skills,
experiences, traits, drivers, and accountabilities necessary
for leadership talent to grow your organization.

Leaders who are a close fit to


traits and drivers in Korn Ferry’s
success profiles are up to

13x
more likely to be:

Engaged in their jobs

Satisfied and emotionally invested

Willing to expend considerable


discretionary effort*

* Korn Ferry Institute

Shape the Leadership of Tomorrow with Insightful Assessments | EBOOK | 7


MULTI-RATER
FEEDBACK
ASSESSING BEHAVIOR IN A CURRENT ROLE

 ONLINE OR INTERVIEW  ASSESS  USE FOR


 15-20 MINUTES •C
 urrent Performance • Development Planning
per respondant • Succession Planning

How am I doing? It’s something that both Leadership Styles and Climate Assessment
leaders and organizations need to ask Survey
themselves regularly. Korn Ferry’s 180-degree
and 360-degree assessments help answer this This 180-degree assessment helps leaders
question by measuring leaders’ competencies understand how their leadership style impacts
and behaviors in their current roles. They give their team and the organization—while also
you the ability to understand if the people you providing feedback for improvement.
have are in the right roles, uncover patterns
across a team or the organization, validate
strengths, and expose leaders’ blind spots— Key Benefits:
providing invaluable direction for talent
decisions, such as development. • Identify the extent to which employees
are demonstrating the behaviors needed
We offer two multi-rater assessments: to realize your business strategy
Korn Ferry 360 • Provide structure to performance
discussions and leadership
This 360-degree assessment combines self-
development programs
assessment with feedback from peers, direct
reports, and managers to provide a robust • Empower leaders with insight into
view of your people’s performance in their their strengths and targeted
current roles. development actions

THE Korn Ferry 360 provides employees with feedback on up to 38

KORN competencies from our world-class Korn Ferry Leadership Architect


(KFLA) competency framework. Our advanced survey process

FERRY ensures reliable measurement, while our normative data and


meaningful feedback reports help you understand what actions to
take to make smarter talent investments today and into the future.
DIFFERENCE

8 | EBOOK
WHITE PAPER
| Shape| the
Example
Leadership
Name of Tomorrow with Insightful Assessments
UN-
LEASHED
POTENTIAL

Shape the Leadership of Tomorrow with Insightful Assessments | EBOOK | 9


BEHAVIORAL
INTERVIEWS
ASSESSING FIT FOR A SPECIFIC ROLE

 INTERVIEW  ASSESS  USE FOR


 30-60 MIN • Readiness • Candidate Selection
• Fit • Onboarding Development Planning

While multi-rater feedback allows you to Key Benefits:


understand how your people are performing
in their current positions, behavioral interviews • Determine which candidate or leader is
help you understand how well an individual’s best suited for a role
experiences and leadership style predict
• Identify gaps and the development
success in a specific role in your organization.
opportunities necessary to help an
This gives leadership the insight they need to
individual move to that next level
take more control of their career development.
• Confidently make hiring, promotion, or
These structured interviews are conducted
placement decisions
by an experienced Korn Ferry advisor and are
tailored for the role and your organization’s
unique requirements. The questions are
designed to identify competencies as
demonstrated at pivotal moments during
the participant’s career, as well as their
motivations, aspirations, and self-awareness.
They can be used with candidates as part of
the talent acquisition process or with existing
leaders to evaluate the participant’s fit relative
to a given role and your culture.

THE Our standardized behavioral interview guides are aligned with our
KORN research-based Success Profiles, ensuring that interviews evaluate
the core attributes of success for a given role. In addition, our
FERRY guides can be customized to reflect the individual strengths and
development needs of participants as they map to job requirements.
DIFFERENCE

10 | EBOOK
WHITE PAPER
| Shape| the
Example
Leadership
Name of Tomorrow with Insightful Assessments
MARKET-BASED
INTERVIEWS
ASSESSING AGAINST THE EXTERNAL MARKET

 INTERVIEW  ASSESS  USE FOR


 45-60 MIN • Potential • Development Planning
• Readiness
• Fit

Do you have the right people in the right roles Key Benefits:
to innovate and stay competitive in the ever-
changing market? Is your organization doing • Gain insight into your people’s capabilities
everything it needs to prepare the leaders of
• Surface concrete actions you can take to
the future? How do your leaders compare to
enhance capabilities
those in other organizations?
• Provide leaders with a broader
Korn Ferry’s market-based interviews help
perspective in their progress toward their
answer these questions. These assessments
career aspirations
are conducted by a subject matter expert who
can evaluate the participant’s credentials and
experiences relative to best practices for their
role, level, and industry against the external
market. They also provide feedback about
the participant’s capabilities in the context
of role requirements in the company and
organizational culture.

Our network of industry-specific functional experts use their deep


sector knowledge to evaluate the participant’s experience gaps
and recommend development actions such as building specific
experiences into the role, or a strategic role assignment.

Shape the Leadership of Tomorrow with Insightful Assessments | EBOOK | 11


BUSINESS
SIMULATIONS
ASSESSING LEADERSHIP TRAITS IN ACTION

 INTERVIEW  ASSESS  USE FOR


 2-6 HOURS • Performance • Readiness Assessment
• Potential • Candidate Selection
• Readiness • Development Planning
• Fit • Succession Planning

Having the right traits is critical, but how can Key Benefits:
you know how someone will perform under
pressure? Korn Ferry’s business simulations • Make confident decisions with a scientific
allow you to see how a candidate will respond and unbiased approach to leadership
in mission-critical scenarios before they are selection and succession planning
actually put to the test—allowing you to select
• Gain a window into a participant’s
the best candidates for the role. They also
leadership style
enable you to identify and address skill gaps
that may be holding internal leaders back from • Provide participants with a preview of
career progression. the role and immediate feedback on their
readiness for it
Our simulations are customized to meet your
business objectives and feature realistic and • Identify necessary development actions
compelling scenarios, such as analysis of to help high-potential internal leaders
financial information, handling of delicate progress into higher-level roles
meetings with employees and board members,
and representing the business in public
forums. The objective is to provide a
comprehensive and accurate assessment of
the leadership traits that are most predictive of
long-term success.

THE Korn Ferry’s comprehensive business simulations are designed to


KORN present a condensed year on the job and elicit the specific behaviors
crucial to success. Participants face role-specific business situations
FERRY informed by Korn Ferry research on the most critical challenges for
the targeted level of leadership.
DIFFERENCE

12 | EBOOK
WHITE PAPER
| Shape| the
Example
Leadership
Name of Tomorrow with Insightful Assessments
Chief executives
who scored
high on Korn Ferry
assessments saw:*

More than 2x
annualized
market
capitalization
growth over
four years

20%
higher annual
revenue growth

26%
higher EBITDA
margin

*Korn Ferry Institute

Shape the Leadership of Tomorrow with Insightful Assessments | EBOOK | 13


THE RIGHT
ASSESSMENT
SOLUTION
FOR YOUR
NEEDS
Choosing the right assessment solution Here are some examples of how
provider can be overwhelming. With so Korn Ferry assessment tools may be
many options on the market, it can be combined for specific business use
hard to know what direction to take. cases.
Korn Ferry makes it easy.

Our advisors work with you to develop


a holistic leadership assessment,
development, and succession planning
solution that fits your organization’s
goals—using the assessment tools that
will best serve those goals.

14 | EBOOK
WHITE PAPER
| Shape| the
Example
Leadership
Name of Tomorrow with Insightful Assessments
Rapidly understand
the skill sets and
capabilities of a large
number of employees

Prepare VPs and GMs


KORN FERRY
for Business Unit
ASSESS President roles

KORN FERRY

Identify bench strength ASSESS


for succession planning + K
 ORN FERRY 360
and development MULTI-RATER FEEDBACK
+ BUSINESS SIMULATIONS

KORN FERRY

ASSESS Reshape the leadership


+ M
 ARKET-BASED INTERVIEWS
team to take the business
+ B
 EHAVIORIAL INTERVIEWS
in a new direction

KORN FERRY
Support a near-term
CEO succession
ASSESS
+ S &C MULTI-RATER FEEDBACK
+ M ARKET-BASED INTERVIEWS
KORN FERRY

ASSESS
+ B EHAVIORAL INTERVIEWS

+ B EHAVIORIAL INTERVIEWS
+ B USINESS SIMULATIONS
Assess and select a CFO

KORN FERRY

ASSESS
+ M ARKET+BASED INTERVIEWS
+ BEHAVIORAL INTERVIEWS

Shape the Leadership of Tomorrow with Insightful Assessments | EBOOK | 15


WHAT ONLY
KORN FERRY
CAN BRING
With decades of talent analysis expertise, billions of data points, and
2,000 assessors, coaches, and facilitators across the globe, Korn Ferry
delivers an end-to-end assessment and development strategy you won’t
find anywhere else.

BENCHMARK WITH SUCCESS PROFILES


Know what success looks like, based on the world’s
largest assessment database.

ASSESS WITH BEST-IN-CLASS


METHODOLOGIES
Our research-based process links to actionable
development and minimizes assessment bias.

DEVELOP LEADERS AT EVERY LEVEL


Drive transformation by developing leadership, from
executives to first-line leaders.

CUSTOMIZE BASED ON YOUR NEEDS


Tailor assessment and development to your
organization’s unique objectives and culture.

SCALE SOLUTIONS WITH OUR


TALENT PLATFORM
Our proprietary technology makes it easy to assess
and develop talent at scale.

16 | EBOOK
WHITE PAPER
| Shape| the
Example
Leadership
Name of Tomorrow with Insightful Assessments
PEOPLE WHO ARE A CLOSE FIT
WITH OUR SUCCESS PROFILES
ARE 7.5X MORE LIKELY TO BE

7.5X
ENGAGED IN THEIR ROLE*

CONSISTENT USE OF
OUR ASSESSMENTS CAN
IMPROVE OVERALL TALENT

25%
PERFORMANCE BY 25%*

WE DEVELOP 100,000
LEADERS PER MONTH
ACROSS VARIED SECTORS

100K
AND INDUSTRIES

* Korn Ferry Institute

TAKE THE NEXT STEP TOWARDS AN


END-TO-END LEADERSHIP DEVELOPMENT STRATEGY

How to Choose a Leadership Essential Questions to Ask When


Assessment Strategy Choosing Assessment Services

DOWNLOAD NOW DOWNLOAD NOW

Talk to an expert about your organization’s


GET IN TOUCH
assessment and development strategy

Shape the Leadership of Tomorrow with Insightful Assessments | EBOOK | 17


READY
FOR
MORE?
Korn Ferry is a global organizational
consulting firm. We work with our
clients to design optimal organization
structures, roles, and responsibilities.
We help them hire the right people
and advise them on how to reward
and motivate their workforce while
developing professionals as they
navigate and advance their careers.

Business advisors.
Career makers.

© 2023 Korn Ferry. All Rights Reserved.

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