Working with Pearn Kandola, AXA UK has introduced a talent management strategy aimed squarely at driving future competitiveness and
performance. As a result, the company has a clear idea of its current
leadership strengths and any action needed to plug gaps. Potential
leaders are also more self-aware, motivated and better equipped to
develop themselves.
A world leader in financial protection and wealth management, AXA knows
that its people make the real difference to its success. Throughout the
UK organisation there's a strong focus on helping employees to achieve
their potential.
At top level, however, AXA realised that it needed a more coherent
approach to identifying and developing talent. After researching best
practice, the company consulted with us on the best way forward. It
wanted to measure emerging and potential leaders against its leadership
criteria, while making it a positive and highly personalised experience
for them.
Our solution was to create a rigorous assessment for development process
as the gateway to AXA's Future Leader programme. The first part of the
event involves various exercises that stretch individuals by mirroring
the tough challenges they will face at the next level. Because of the
programme's demands, people were asked at the outset to honestly
consider their own capability and commitment by filling in a contract of
intention. This meant fewer drop outs down the line and minimal wasted
effort and expense.
Based on data collected through the business simulation exercises, each
participant then spends a day thinking and talking about their
development in workshops and feedback sessions with our psychologists.
Afterwards they get practical advice from line and HR managers on
fast-track options. These include coaching and mentoring, action
learning and work-related opportunities. Via Pearn Kandola's Dashboard
they also have online access to all the data gathered about them, to
prepare and update their development plan and share with colleagues and
coaches.
Lesley Brooks, Talent & Leadership Partner at AXA says, "Only Pearn
Kandola understood where we were coming from, and gave us confidence
that they could deliver a truly different approach. In practice,
participants find the process professional and realistic and feel
motivated to realise the investment in them."
"As an organisation we now know our leadership strengths and development
needs so can plan more effectively. The assessment information confirms
what we're doing fits in strategically or highlights issues that we're
not aware of, as well as showing us how we compare with other
organisations. Also by targeting development resources more effectively
the talent team delivers better value for AXA."