Wise entrepreneurs and seasoned executives know that prosperity depends upon a solid company infrastructure, an efficient business plan and talented employees. Turning a profit and staying successful takes insight and careful planning. Effective, engaging staff training and leadership development programs can help your company establish a positive atmosphere and can lay the foundation for genuine long-term success. Well-designed high potential leadership development programs for hi potential employees are vital because they teach your HiPos how to channel their gifts, work well with others and inspire their peers.
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.
To remain competitive and drive growth, businesses are almost universally better off developing talent from within rather than hiring external candidates for newly vacant managerial or executive positions. Recently, however, a survey by the Corporate Leadership Council found that only 25 percent of respondents felt confident that they would fill all open leadership positions within the next half decade. Worryingly, a concurrent report by the Conference Board revealed that only about 34 percent of companies effectively identified future leaders within their ranks. Some of the confusion may revolve around an inability to distinguish talent from high potential. While both types of employee are vital for business success, only HiPo employees reliably travel up through various management levels to executive status. Gifted individuals often prefer solving problems on their own; high-potential employees work in groups and encourage the people they manage to excel. Talented people may be innovative but lack serious ambition; high-potential employees come with a built-in desire to excel and have naturally exceptional business instincts. According to a recent Hewitt Associates study, when HR managers and existing top-level executives consistently identify and develop high-potential employees, companies tend to see a jump in shareholder returns. Even greater returns begin to happen when businesses track their employees’ successes and use them to build progressively more powerful high potential employees development 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.
One of the reasons companies struggle to discern between high-potential employees and other high achievers is that they sometimes look the same, especially if all you consider on a regular basis are performance metrics. In fact, a potential HiPo that hasn’t been developed is actually likely to have lackluster performance metrics, especially if they’ve done the same task for some time and are bored with the work. At Turnkey Coaching & Development Solutions, we encourage executives, managers and HR staff to look beyond performance metrics. Through regular communication and working side-by-side with your staff — and even participating in team development programs with them — you can better identify individuals who have traits associated with HiPos. Some traits to look for include:
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.
HiPo management isn’t without struggles. Aside from being hard to identify, HiPos can be difficult to keep because they need to be challenged. High potential employee assessments and high potential development programs let you identify and cultivate gifted individuals within your organization, providing them with relevant skill sets and practice so they’re ready to take on new challenges with your company. Our high-potential employee programs let you take advantage of proven, high potential employee development best practices and our experts who understand what works and what doesn’t. We engage with our clients to create custom training for your HiPo teams that include any number of unique components. Including:
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.