How to Measure What Matters Most to Your Organization
Last year, SIGMA announced the release of the Leadership Skills Profile-Revised (LSP-R), a comprehensive personality-based assessment that predicts leadership potential on 50 unique competencies. Now, we are pleased to introduce a new feature available for the LSP-R – benchmarking.
What is Benchmarking?
Benchmarking allows you to customize your LSP-R report by narrowing the report content to focus on the most important competencies for a given position.
LSP-R is a comprehensive measure of leadership potential. It can predict
performance on 50 unique dimensions of leadership. Although each of these
competencies are important to leadership effectiveness, some areas may be more
important for success in your organization than others. Benchmarking allows you
to focus on what matters most by reporting only those competencies that are
most relevant to your organization, or to a given position.
Why Should I Use Benchmarking?
There are many uses for the LSP-R, and there may be times when you want to learn about a leader’s potential across several different competencies. However, there are also times when a focused approach is more beneficial.
For example, in a selection context it is important to look at candidates’ overall expected level of performance. However, it is also important to assess potential on specific competencies that are needed to perform the job well. Benchmarking can help you match position requirements to specific competencies, providing a more streamlined assessment.
How Do I Know Which Competencies to Measure?
If you decide benchmarking is right for you, SIGMA will work with you to create a customized list of competencies to meet your needs. First, we identify experts in your organization who have knowledge and experience in key positions. Then, we collect feedback from these experts using the Leadership Skills Benchmark Questionnaire – a tool that allows experts to rate the importance of each leadership competency. A SIGMA consultant will then analyze the results of these questionnaires and make recommendations for a final benchmark based on both survey responses and our industry expertise. Together, you can be confident that your customized benchmark will contain those competencies that matter most.
Get Started Today
To learn more about the LSP-R and how benchmarking can help your organization select and develop better leaders, contact us today.