Whether you need to fill leadership positions now or you’re looking for future managers and innovators, identifying and developing top talent within your organization is critical. Some of the individuals most likely to succeed in leadership roles are known as high-potential employees, or HiPos. These gifted individuals tend to have natural communication, leadership, critical thinking and risk evaluation skills that help them see the big picture and navigate learning opportunities and change quickly. By identifying and investing in these individuals, you can ensure your organization has innovative team players and leaders at every level. Your HiPos benefit from employee development programs by learning to leverage their skill sets and natural talents for personal and company growth.
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.
Evaluating job performance without valid measurement criteria is impossible. That's why, at Turkey Coaching & Development Solutions, the first step in building your High Potential Employee Development Program is establishing performance benchmarks for all key positions in your company.
The Turnkey Benchmarking Process defines each job in terms of what your company expects to get out of the position. It clarifies in measurable terms what the person holding the position should be expected to contribute going forward. By establishing this criterion, we can begin to develop a vivid picture of the type of person most likely to thrive in leadership positions at your business: their talents, behavioral traits, personal skills and so on. This also helps us foster better work flow and delegation of duties within your company. With each job title more clearly defined, everyone knows their roles and the way that each position fits into the broader picture.
After Benchmarking, We Help You Identify Your HiPos
With baby boomers retiring en masse, a strong chance exists that your company leadership will receive a complete overhaul in coming years. As a general rule, the more important the position being replaced, the more costly and time-consuming to find a replacement. But there is a work-around: identifying top candidates within your company before the position opens and preparing those candidates to take over when the time comes. Our comprehensive high potential employee’s development program includes a process that enables you to identify the employees who are exceeding the benchmarks we establish together. But there is more to recognizing HiPos than evaluating their job performance. As Tomas Chamorro-Premuzic wrote in Forbes, performance is not potential. Even if you are effective at measuring performance, which you will be after implementing our benchmarking program, you also want to be sure the HiPos you identify will have the same success at the next level. The master trainers and organizational development experts at Turnkey Coaching & Development Solutions teach you to evaluate not just performance but also potential. You'll learn how to gauge possible HiPos based on a set of 23 recognized personal skills such as conflict management, leading others and individual accountability.
Our Training Is Like Nothing You've Ever Seen
What makes our high potential leadership development program unique is that it is all about YOUR company. Rather than the same old leadership program you've probably been to a thousand times, where they trot out those frenetic speakers who get you all fired up for maybe 24 hours before you forget everything that was said and it's back to business as usual, we develop a sustainable, active-learning training and coaching program from scratch that is customized for your company and is tailored to your organization’s precise needs and strategic priorities.
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.
The need to retain high-potential employees coupled with expected high turnover rate in the coming years means now is the time to invest in a high-potential employee program. At Turnkey Coaching & Development Solutions, we have the expertise to create a custom program that addresses the unique needs of HiPos within your organization and your strategic priorities. The right leadership development and HiPo development program lets these talented individuals take on new challenges with authority, engage in fruitful leadership and inspire others in your company to succeed.
help them achieve career success and improve your business prospects with a custom-developed high-potential development program from Turnkey Coaching & Development Solutions. Call us today at 281-469-4244 for a complimentary OD / Leadership Development Consultation.