Exec Talent EPG- Final_0

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    SHRM Foundations Effective

    Practice Guidelines Series

    THE SEARCH FOR

    EXECUTIVE TALENT

    UNDERSTANDING THE PROESS

    AND SETTING IT IN MOTION

    !" Ste#$en %& 'accaro

    Edited (" S$elle" S#err"

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    SHRM FOUNDATIONS EFFECTIVE PRACTICE GUIDELINES SERIES

    THE SEARCH FOR

    EXECUTIVE UNDERSTANDING THE

    TALENT PROESS AND SETTI

    IT IN MOTION

    Ste#$en %& 'accaro

    Edited by

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    S$elle" S#err"

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    THE SEARCH FOR

    EXECUTIVE TALENT

    T$is #u(lication is desi)ned to #rovide accurate and aut$oritative infor*ation re)ardin) t$e su(+ect *atter covered& Neit$er t$e

    #u(lis$er nor t$e aut$or is en)a)ed in renderin) le)al or ot$er #rofessional service& If le)al advice or ot$er e,#ert assistance is

    re-uired. t$e services of a co*#etent. licensed #rofessional s$ould (e sou)$t& An" federal and state la/s discussed in t$is (oo0 are

    su(+ect to fre-uent revision and inter1#retation (" a*end*ents or +udicial revisions t$at *a" si)nificantl" affect e*#lo"er or e*#lo"ee

    ri)$ts and o(li)ations& Readers are encour1a)ed to see0 le)al counsel re)ardin) s#ecific #olicies and #ractices in t$eir or)ani2ations&

    T$is (oo0 is #u(lis$ed (" t$e SHRM Foundation. an affiliate of t$e Societ" for Hu*an Resource Mana)e*ent 3SHRM4& T$e inter#retations.

    conclusions and reco**endations in t$is (oo0 are t$ose of t$e aut$or and do not necessaril" re#resent t$ose of t$e SHRM Foundation&

    56787 SHRM Foundation& All ri)$ts reserved& Printed in t$e United States of A*erica&

    T$is #u(lication *a" not (e re#roduced. stored in a retrieval s"ste* or trans*itted in /$ole or in #art. in an" for* or (" an" *eans.

    electronic. *ec$anical. #$otoco#"in). recordin) or ot$er/ise. /it$out t$e #rior /ritten #er*ission of t$e SHRM Foundation. 8977 Du0e

    Street. Ale,andria. :A 66;8

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    TABLE OF

    CONTENTSv Foreword

    vii Acknowledgments

    ix About the Author

    1 The Search for Executive Talent: Understandi

    the Process and Setting t in !otion

    " #efining Executive Position $e%uire

    & #efining Executive Attributes

    ' $ecruiting (andidates

    ) Assessing and Evaluating (andidate

    1* !aking the Final #ecision

    1& Post+Selection (hallenges: ,egotiat

    Entr. and Sociali/ation

    1' (onclusion

    1) $eferences

    ") Sources and Suggested $eadings

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    FOREWORD

    Dear Colleague:

    De!"#e #$e %o&"'era(le #")e a&' )o&e* !e o& e+e%u#",e ear%$e-

    .a"lure ra#e .or e&"or e+e%u#",e %o"&ue #o r"e/ S"&%e a %o)!a&*

    u%%e " o.#e& '"re%#l* #"e' #o #$e 0ual"#* o. "# lea'er$"!- "&%rea"&g #$e

    e..e%#",e&e o. #o! e+e%u#",e " a $"g$ !r"or"#* .or e,er* orga&"1a#"o&/

    T$" &e2 E..e%#",e Pra%#"%e Gu"'el"&e re!or#- The Search for Executive

    Talent: Understanding the Process and Setting It in Motion 2"ll $el!

    (u"&e lea'er a''re #$" %r"#"%al "ue/

    I& 3445- #$e SHRM Fou&'a#"o& 'e,elo!e' #$e E..e%#",e Pra%#"%e

    Gu"'el"&e er"e .or (u* HR !ro.e"o&al l"6e *ou/ I# a %$alle&ge .or!ra%#"#"o&er 2"#$ l")"#e' #")e #o 6ee! u! 2"#$ #$e la#e# reear%$ reul#/

    B* "egra#"&g reear%$ ."&'"&g o& 2$a# 2or6 a&' e+!er# o!"&"o& o&

    $o2 #o %o&'u%# e..e%#",e HR !ra%#"%e "o a "&gle !u(l"%a#"o&- 2e )a6e

    #$eor* a&' !ra%#"%e a%%e"(le #o *ou/

    Re%e re!or# "& #$" er"e- all a,a"la(le o&l"&e- "&%lu'eEmployment

    Downsiing and Its !lternatives" #ecruiting and !ttracting Talent"

    Developing $eadership Talent a&'%uman #esource Strategy/ T$" re!or#"

    #$e 77#$ "& #$e er"e/ Su(8e%# )a##er e+!er# 2r"#e #$e re!or#- 2$"%$ are #$e&

    re,"e2e' (* (o#$ a%a'e)"% a&' !ra%#"#"o&er #o e&ure #$a# #$e )a#er"al "

    reear%$9(ae'- %o)!re$e&",e a&' !reee' "& a& ea*9#o9ue .or)a#/ e

    alo "&%lu'e a ;Sour%e a&' Sugge#e' Rea'"&g< e%#"o& a a %o&,e&"e

    re.ere&%e #ool/

    T$" er"e u!!or# our ,""o& .or #$e SHRM Fou&'a#"o& #o ;)a+")"1e #$e

    ")!a%# o. #$e HR !ro.e"o& o& orga&"1a#"o&al 'e%""o&9)a6"&g a&'

    !er.or)a&%e (* !ro)o#"&g "&&o,a#"o&- e'u%a#"o&- reear%$ a&' #$e ue o.

    reear%$9(ae' 6&o2le'ge/< O,erall- #$e Fou&'a#"o& $a a #ra#eg"% .o%u o&

    "&"#"a#",e 'e"g&e' #o $el! orga&"1a#"o& )a+")"1e lea'er$"! #ale/ e are

    %o&."'e #$a# #$e E..e%#",e Pra%#"%e Gu"'el"&e er"e #a6e u o&e #e!

    %loer #o )a6"&g our ,""o& a real"#*/ Pleae le# u 6&o2 $o2 2e are 'o"&g=

    Mar* A/ Go2a&- P$/D/

    C$a"r- SHRM Fou&'a#"o& Reear%$ A!!l"%a#"o& Co))"##ee

    Dea& a&' Pro.eor o. Ma&age)e

    Elo& U&",er"#*

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    ACKNOWLEDGMENTST$e SHRM Fou&'a#"o& " gra#e.ul .or #$e a"#a&%e o. #$e .ollo2"&g "&'","'ual "&

    !ro'u%"&g #$" re!or#:

    content Editor

    Larry Fogli, Ph.D.

    Pre"'e a&' CEO

    Peo!le Fo%u

    Revie/ers

    Lisa Bener, Ph.D.

    V"%e Pre"'e > C$"e. O.."%er- Hu)a& Reour%e

    MITRE Cor!ora#"o&

    !ea"her Page, MS, P!R

    Pro8e%# Ma&ager MSP

    Ma&!o2er

    Pro+ect Mana)er

    Be"h M. M#Farlan, CAE

    Ma&ager- S!e%"al Pro8e%#

    SHRM Fou&'a#"o&

    Ma+or fundin) for t$e Effective Practice Guidelines series

    is #rovided (" t$e HR ertification Institute and t$e

    Societ" for Hu*an Resource Mana)e*ent&

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    ABO$T T!E A$T!OR%

    STEP!EN &. 'ACCARO

    S#e!$e& ?/ @a%%aro " a !ro.eor o. !*%$olog* a# George Mao&

    U&",er"#* "& Fa"r.a+- V"rg"&"a/ He $a 2r"##e& )ore #$a& 744 ar#"%le-

    (oo6 %$a!#er a&' #e%$&"%al re!or# o& lea'er$"!- grou! '*&a)"%- #ea)

    !er.or)a&%e a&' 2or6 a##"#u'e/ Dr/ @a%%aro " #$e au#$or o. The &ature

    of Executive $eadership: ! 'onceptualand Empirical !nalysis of

    Success 3447/ "#$ )ore #$a& 34 *earo. e+!er"e&%e "& #ea%$"&g a&'

    %o&ul#"&g- $e $a %o9e'"#e' #$ree o#$er (oo6-$eader Development for

    Transforming (rganiations3445- The &ature of (rganiational

    $eadership: Understandingthe Performance Imperatives 'onfronting

    Today)s $eaders 3447a&' (ccupational Stress and (rganiational

    Effectiveness7/ Dr/ @a%%aro $a alo %o9e'"#e' !e%"al "ue o.

    $eadership *uarterly77973 o& "&'","'ual '"..ere&%e a&'

    lea'er$"! a&' a !e%"al "ue .or +roup and (rganiation Management

    o& #$e "er.a%e (e#2ee& lea'er$"! a&' #ea) '*&a)"%/ He $a '"re%#e'

    .u&'e' reear%$ !ro8e%# "& #$e area o. #ea) !er.or)a&%e- $are'

    )eal )o'el- lea'er9#ea) "er.a%e- lea'er$"! #ra"&"&g a&'

    'e,elo!)e- lea'er a'a!#a("l"#*- a&' e+e%u#",e lea'er$"!/

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    Toda". a d"na*ic. fast1#aced environ*ent t$at e,tends

    across national (oundaries de*ands a ne/ 0ind of e,ecutive&

    Hu*an connections are (eco*in) crucial for (uildin)

    effective tea*s and *ulti1level colla(orative relations$i#s&

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    T$e Searc$ for E,ecutive Tale

    T!E SEARC! FOR E(EC$T)*E

    TALENT% $NDERSTAND)NG T!E

    PROCESS AND SETT)NG )T )N

    MOT)ON

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    .ro) Pe#er Dru%6er ;Ge##"&g T$"&g Do&e: Ho2 #o Ma6e

    Peo!le De%""o&

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    T$e Searc$ for E,ecutive Talent

    Fi)ure 8 o*#onents of E,ecutive

    Talent Assess*ent and Ac-uisition

    #efinition of

    Position $e%uirementsS#ecif"in) /$at #otential

    e,ecutives /ill li0el" need to

    acco*#lis$ in t$e s$ort and lon)

    ter* in t$e tar)eted #ositions

    #elineation of #esired

    (andidate AttributesS#ecif"in) /$at /ould (e t$e

    attri(utes and -ualifications of

    t$e ideal candidate

    $ecruitment of

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    fro* /it$in and@or outside of

    t$e or)ani2ation

    Assessment and

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    "&%lu'e o)esuccession planningtips

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    Do )" #$ee o#$er

    E..e%#",e Pra%#"%e

    Gu"'el"&e re!or#.ro) #$e SHRM Fou&'a#"o&

    ,ew8 Employment Downsizing and Its Alternatives: Strategies for

    long-term success

    T$ou)$ do/nsi2in) $as (eco*e a fact of /or0in) life. (usiness leaders *ust al/a"s

    (e *indful of t$e s$ort1 and lon)1ter* costs of la"offs& !efore *a0in) a decision to

    do/nsi2e. *ana)ers s$ould consider t$e variet" of effective alternatives availa(le&T$is ne/ re#ort $el#s (usiness leaders evaluate alternatives and treat e*#lo"ees

    $u*anel" and /it$ di)nit" /$en do/nsi2in) is necessar"&

    Recruiting and Attracting Talent: A guide to understanding and

    managing te recruitment process

    Hirin) talented individuals is critical to an or)ani2ations success& !ut in order to $ire t$e

    *ost talented. "ou *ust first recruit t$e*& Even in a recession. it can (e difficult to fill

    certain t"#es of +o(s. so recruiters /or0in) /it$ li*ited resources *ust decide /$o* to

    tar)et. /$at *essa)e to conve" and $o/ to staff t$e recruit*ent efforts& T$is re#ort offers

    s#ecific reco**endations on develo#in) an effective e,ternal rec