Business success trickles down from the top. Enthusiasm starts at the upper echelons of a company, and it spreads through the ranks, empowering department managers, salespeople, customer service reps and other vital staff members. Because of this, it is vital to ensure that your executive roster remains filled with competent talent over time. When people retire and vacancies present themselves, many companies opt to fill them by placing ads on external sites, hoping for an influx of gifted applicants. Unfortunately, studies have shown that businesses stand a better chance of long-term success by training and developing potential leaders from existing high-potential employees.
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.
High-potential employees frequently perform better if they’re given a little extra attention. Paired with experienced mentors and leadership coaches, HiPos soak up information and use their newfound knowledge to solve unusual problems in record time. High-potential individuals relish challenges and enjoy being put on high-visibility teams, given meaningful assignments and recognized for their efforts. Considering how important they are, high-potential employee development programs aren’t always designed or implemented very well. The following statistics, retrieved from a recent Gartner (formerly CEB) study, illustrate the difficulties some businesses experience with their HiPo programs:
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.
To create effective high potential development programs, trainers must understand the hardwiring behind HiPo individuals. At first meeting, HiPo employees are often mistaken for more conventional high achievers, but they are actually quite different from their talented peers. HiPo employees are certainly gifted, but they possess more than just raw talent—and their nuances are sometimes hard to see. Identifying your high potential employees can be a daunting task. Employee potential assessment tools like the nine-block grid are helpful, but are subjective and far from perfect. There are important characteristics that high-potentials possess and more sophisticated high-potential assessment processes capture. A few of HiPo characteristics include:
Consider the Top 10 %
Many organizations identify their high-potential employees by simply asking the supervisors for their top 10%. Then within an HR facilitated nomination committee determine which of the 10% would be ideal candidates for employee development. A high-potential leadership development best practice approach includes rolling out a pilot program for the first year, typically including training, assessment and feedback, and either one-on-one coaching or peer-to-peer coaching. Cultivating Prosperity with a Custom-Designed High Potential Development Scheme
Many businesses go for ready-made training programs in the belief that they offer good value for money. Conversely, truly savvy company owners opt for custom-designed HiPo programs, which help high-potential employees develop fully and according to strategic priorities. The master trainers and employee development experts at Turnkey Coaching & Development Solutions work with both small and large groups of high-potential employees, training and teaching them how to expand upon their existing skillsets, how to work successfully in teams and how to reach the top of the business ladder.
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.
Make Sure Your Next Generation of Leaders Is Ready by Training Your High-Potential Employees
Your company's leadership is the lifeblood of your business. But your current leaders won't be around forever. At some point, the torch must be passed, and whether your company is prepared to make a clean handoff can have major implications. A high-potential employee development program from Turnkey Coaching & Development Solutions gives your company security for the future. We can identify and train your leaders for tomorrow so that when tomorrow arrives, your company can continue to succeed.
Contact Turnkey Coaching & Development Solutions today to discuss your company's needs. We look forward to helping you take your business to the next level by ensuring your future leaders are prepared to excel.