Cineworld recognises the talent within the organisation.
During the popular Love your People Circle of Peers events, Maureen has posed the question: “Are we back to the same issues?” Top of that list is leadership capability. It seems that she is not alone in that view.
Deloitte’s Human Capital Trends 2014 is an impressive piece of research that was undertaken in the last months of 2013. It included 2,532 business and HR leaders in 94 countries. The survey also covered the major industries and all of the world’s geographies.
The top ten findings are:
1. Leadership, retention, HR skills and talent acquisition are the top global trends in perceived urgency
2. Companies report generally low levels of readiness to respond to the trend
3. The largest capability gaps are reported in leadership, analytics, reskilling HR, talent acquisition and access and the overwhelmed employee
4. Leadership is the top priority in developed and growing economies
5. While global trends are similar around the world, programme needs vary by region
6. Human capital priorities vary by industry, with one exception: Leadership
7. “Excellent” HR companies and teams focus more intensely on the urgent global human capital trends
8. Business leaders have less confidence in their organization’s readiness to deal with future trends than HR leaders
9. HR and talent executives grade themselves a C-minus for overall performance
10. Companies worldwide plan modest increases in talent and HR investments in 2014
Deloitte’s report highlights three key areas of strategic focus:
- Develop and lead
- Attract and engage
- Transform and re-invent
Maureen discussing the Cineworld programme at last year’s Annual Awards.
The focus of ‘develop and lead’ stresses the need to broaden,deepen and accelerate leadership development at all levels. This also includes the need to build global workforce capabilities and re-energize corporate learning by putting employees in charge. It also covers fixing performance management. An area that is either over automated or ducked by many – how can you develop or lead without giving relevant and specific feedback on performance?
The report validates the work we have been undertaking with Cineworld for the last few years where it headlines the need to develop leaders at all levels to close the gap between hype and readiness. So by recognising the need to develop leaders for its large cinemas, Cineworld now has a pool of developed leaders for the future. This has enhanced retention and brought on young leaders. In the Deloitte survey, Leadership was the main talent issue with 86% of the respondents rating it as “urgent” or “important”. Only 13% of respondents saying that they do an excellent job of developing leaders at all levels. So hear what Matt Eyre, Operations Director of Cineworld, has to say… and read the research Maureen has highlighted in her recent Love your People presentation.