Growing a successful business takes patience, skill and a good eye for talent. Without the right constituents, company profits remain flat, month upon month; conversely, the optimal combination of ingredients can cause rapid business growth. Setting aside essential equipment, adequate premises and other factors, the most vital part of your company is the human element — and certain individuals display particularly strong potential. To properly harness their abilities, you need an effective high-potential employees development program.
The first step in creating a successful high-potential employee program is understanding what high-potential employees are and why it is so important to develop them.
In their Harvard Business Review article, “Are You a High Potential”, Douglas A. Ready, Jay A. Conger and Linda A. Hill describe HiPos as possessing the following characteristics:
This combination of traits makes HiPos ideal candidates to guide your company into the future. But it also means they need the right guidance and training to keep their vision and goals reconciled with those of your business. Left to their own devices, they can easily get derailed and go rogue. The master trainers at Turnkey Coaching & Development Solutions understand the psychology of HiPos. We can help you build an effective high potential leadership program that strategically grooms them to steer your company to long-term success.
According to data from the Harvard Business Review, most organizations are simply not adept at identifying and developing high potential employees. HBR reviewed data regarding 1,964 individuals who were identified across three organizations as high-potential workers. The reviews included feedback from multiple assessors, who agreed that as many as 40 percent of the identified employees were not, actually, HiPos. Instead, companies were identifying candidates with strong technical skills who consistently honored commitments and took initiative. Those are all great strengths for employees — and certainly are traits that might show someone belongs in development or leadership training. They don’t, however, mean someone is HiPo. Why does it matter? It’s not that HiPos are the only employees your organization should invest in. It’s that HiPos tend to respond to training and development in different ways than other talented employees. Therefore, it’s important to align the components of a program to the level and talent set of the employees. Some participants may warrant a workshop only, while others, such as your HiPos may benefit from Shark Tank style capstone projects, or peer-to-peer shared intelligence sessions. Simply put, it’s important to customize the program to be challenging and relevant to the high potential employees.
Our high potential employee assessment and HiPo development programs are nothing like the run-of-the-mill leadership programs you've likely sent your employees to before. We do not host one-day or one-week events where your company leaders mingle with executives from other firms and listen to so-called "trainers" rehash the same hackneyed leadership clichés that, by now, are probably seared into your brain.
Instead, we evaluate your company and its specific needs; then, we build a program from the ground up to meet them. We customize every program using high potential employee development best practices, including:
Your hi potential employees get the opportunity to work with master trainers who specialize in developing high-potential employees. They have helped many businesses get the most out of their workforce and create seamless transitions between generations of leaders. Our master trainers HiPo program experts put their knowledge, experience and vast resources to work for your business.
High-potential individuals look for many of the same basic benefits as everyone else when they read through a job posting: decent health insurance, high-quality training programs, advancement opportunities and a well-equipped workspace. Unlike many other applicants, however, HiPos examine prospective employers carefully and look for very specific additional perks. Both external candidates and internal candidates do this, so if you’re looking for HiPo prospects, you can use this checklist to bait your employment posting accordingly:
Support Your Future Growth with an HiPo Management and High-Potential Leadership Development Program
You can actively retain existing high-potential employees and make your company more attractive to external HiPos with a tailor-made executive potential program. At Turnkey Coaching & Development Solutions, we craft a custom high-potential leadership program based on your company’s needs, mission, competency requirements and budget. We train, coach, and engage your executives and potential leaders in proven methodologies that will hone their innate talents and enable them to collaborate successfully with other top-ranking leaders and stakeholders. An effective high potential development program will not only help you retain and develop your HiPos but ensure they return to their positions with fresh inspiration and a desire to contribute, innovate, and collaborate.
Traditional day or week-long high potential employee development programs might seem like an easy way to develop your high-potential employees — after all, that's what other companies are doing, right? — but think about how many such programs you've attended in your career. Then ask yourself, "Am I really a better leader because I attended a few formulaic leadership conferences?"
If you want real results, you need a customized HiPo employee development program custom-built just for your company and with high potential development programs best practices. That's what our master trainers and certified coaches at Turnkey Coaching & Development Solutions have to offer. Typically, we work with both large and small groups of high potential employees to create a comprehensive training and HiPo development program crafted around your goals that prime your business for success.
What kind of background do your master trainers have?
Many of our master trainers have 10+ years corporate experience, thousands of hours of executive coaching, and have served as corporate executives themselves or had Fortune 500 companies as clients. In addition, many of them hold advanced degrees such as MBAs and Ph.Ds.
What kinds of results can my company expect?
The goal of our high potential employee assessment and development training programs is to first establish the results you hope to achieve and then design our program to offer the best chance of seeing those results. Perhaps your organization seeks to reduce turnover, or improve innovation, or perhaps your executives are within retiring age and you want to ensure a ready-now bench of competent leaders. We can design a high potential employee development program to address these needs and more. In fact, many of our clients have reported increased productivity, better organizational strength, cost reductions, higher bottom-line productivity and many other positive results.
How much does a high-potential employee development program cost?
Because we custom design each program based on the client's individual needs, it is impossible to quote an exact cost up front. What we can tell you is this: We offer a variety of participation levels that let you choose the intensity and duration of the high potential development program based on your budget and the time your organization has available to invest.
It can be tempting to believe that high-potential employees simply succeed by themselves, but, in fact, they benefit greatly from targeted learning and development. A carefully constructed high potential development program can help gifted individuals stay on track, stick to long-term goals and make the most of their abilities. Moreover, well-conceived HiPo programs help truly talented employees advance into fantastic leaders you can count on as your company evolves. In short, when you make a relatively minor investment into your most promising employees, you’ll likely receive big dividends later on.
at your business with a unique high potential leadership development program from Turnkey Coaching & Development Solutions.