Everyone at your company is valuable in a different way, and each person is an important factor in the company’s success. With that said, there are certain individuals whose talents are particularly suited to executive leadership and innovator roles. These people are your rising stars, and a stellar high-potential employee assessment and HiPo program can help them achieve full potential. With genuinely talented leaders and competent executives at the helm, your company stands a much better chance of long-term prosperity.
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.
Many managers believe that the terms “high potential” and “high performance” are interchangeable. In fact, these two types of employees can be quite different from one another. HiPos can certainly perform well — and most generally do — but not all high-performance employees are HiPos. These similarities can make it hard to distinguish between HiPo employees who perform well and high-performance employees. Recently, the Harvard Business Review explored several different HiPo traits in a comprehensive report about high-potential team players. With that in mind, many HR professionals, department heads and other decision-makers now use the following list of characteristics to pinpoint HiPo 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.
Because you're in search of potential rather than achievement in identifying employees for a high-potential program, it's all too easy to overlook hidden gems and focus instead on the obvious people. Complicating matters, the capabilities and traits of a HiPo don’t always show up in performance reviews. But if you miss these individuals and don't funnel them into appropriate training, you're likely to lose them entirely to companies where they'll be better appreciated. So, what should you look for when selecting HiPos for a high potential development program? Consider these key factors:
Potential Pitfalls to Avoid in Your High Potential Employee Program
A high-potential employee development program is vital to maximize the talents of your employees and plan for future leadership, but it's easy for such a program to lose its way without careful planning and expert knowledge. At TurnKey Coaching & Development Solutions, our professional coaches and master trainers keep a sharp eye out for these potential pitfalls:
The Right Coaching for Your HiPos
High potential programs for employees don't just happen, and they don't look like other leadership training programs in their specifics. Many high-potential individuals become bored with traditional leadership training, or they move so fast within a company that they skip right over it. As a result, they may not learn the lessons absorbed on the ground by leaders moving at a more sedate pace. At Turnkey Coaching & Development Solutions, we follow high potential employee development best practices in designing our coaching and training programs, always seeking the right fit for these unique individuals. With our customized leadership development training and coaching programs, you can maximize the talent already present in your company while avoiding the pitfalls that can accompany high-potential programs.
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.
Without the right leaders and skilled innovators, your company can't compete or grow. A high-potential development program is a proven way to find future managers and executives or develop and recognize the leadership you already have. At Turnkey Coaching & Development Solutions, we believe it's important to invest in all your people, but we also know that HiPos perform and react differently from other staff. By customizing leadership programs to account for their inherent talents, we help high potential employees hone those skills faster and most appropriately for use in a business environment. Your customized high potential employee development program may include any number of options, including your choice of the following:
with a high potential employee development program built with best-practices and proven models. Turnkey Coaching & Development Solutions is here to support you. Call us at 281-469-4244 today.