A High-Potential Employees Program Cultivates Future Stars in Palm-bay, FL

How a High Potentials Leadership Development Program Helps Develop Executive Talent and Leadership Teams in the Palm Bay area

Without the right people, an organization can’t succeed, and in today’s complex, competitive market, it’s not enough to identify staff with the right skill sets. Successful companies look toward the future and ask questions like “Who is going to lead innovation tomorrow?” One of the answers to those questions is high-potential employees, or HiPos. The designation of HiPo doesn’t necessarily pertain to how well a person can perform a specific type of task — there’s a difference between high-potential and specifically gifted. Instead, HiPos are up-and-comers with a high probability of success — which means a high likelihood of contributing to the success of your organization. By identifying and developing HiPos, companies position themselves for a brighter future.

What Are High-Potential Employees and Why Should You Develop Them?

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:

  • A drive to excel: these employees are not simply high achievers. They are willing to do whatever it takes and make sacrifices to be the best.
  • A catalytic learning ability: high potential employees don't just soak up knowledge like a sponge; they know how to convert knowledge into productive actions that get results.
  • An enterprising spirit: high-potential employees are trailblazers. Never satisfied with the status quo, they are always seeking new challenges and figuring out better ways to do things.
  • Dynamic sensors: the most promising leaders are always on alert for the next big thing. This can make them difficult to manage. If they can't sense a long-term career payoff where they are, they often get wandering eyes.

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.

Identifying your top talent is only the first step toward securing tomorrow’s movers and shakers.

According to Forbes, approximately 95 percent of high-potential employees report feeling committed to the company they currently work for. Even with that commitment, as many as 21 percent still report looking for another job. Why would HiPos seemingly engaged with your organization look elsewhere? One reason is that an unchallenged HiPo becomes a bored and unhappy employee; even if they agree with your mission, feel compensation is more than enough and enjoy their workmates, they may feel unfulfilled without challenge and development opportunities. Organizations that actively work to identify and develop high-potentials in the ranks can cut that number by as much as 7 percent. When they’re identified and provided with opportunities, such as HiPo development programs, talented employees don’t just thrive — they can also help lead others.

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:

  • Needs analysis using our high-potential employee assessment tools
  • Culture analysis
  • Employee level and experience 
  • Creating a "coach approach"
  • Long-term sustainability
  • Human resources integration and even ‘train the trainer’ options

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.

What Do High-Potential Employees Need, and What Do They Give in Return?

Recent surveys by Training Magazine and Clear Company shed new light on HiPo employees’ needs and HiPo programs in general. When combined, their data shows an interesting juxtaposition between what high potential employees look for in a job and what they often get when they’re hired. According to the Training Magazine data, for example, 97 percent of all HiPo respondents said that they actively seek companies with Hip Potential leadership development programs while on the hunt for a job. The Clear Company analysis reveals, however, that 55 percent of HiPo employees actually drop out of their companies’ HiPo programs within a couple of years. Why does this happen? Because high-potential employees naturally push themselves toward ever-increasing success — and would presumably want to stay in a high potential leadership development program that helps them achieve this success — the TM and CC data seems to indicate a fault within High potential employee programs themselves.

A critical success factor for effective high potential development programs, is first the ability to properly identify your HiPos and understanding that high performance does not always mean high potential. Many organizations use the nine-block method for high potential identification, while other companies use performance reviews and supervisor nominations. A best practice approach includes these methods and also integrates job-benchmarking assessments and high potential assessment tools. All of these methods are useful and TurnKey Coaching & Development Solutions is happy to recommend a process and advise on best practices. When companies do identify HiPos correctly and then offer them tailored HiPo development programs, the results are often outstanding. According to another Gartner study, high-potential employees exert about 21 percent more effort than their peers, and the more training and learning opportunities they receive, the better they do. HiPos also love working with and encouraging others to fulfil their potentials, whether those other employees are HiPo or not. Inspirational managers are, without a doubt, invaluable wherever they’re found. The long-term effects of high-potential development programs become clear when existing executives retire or resign. At that point, well-trained high potential employees rise to the occasion, filling your executive roster with ready-for-action talent. In short, a well-conceived high potential development program for employees benefits your company now and also in the future.


Creating Opportunity With a Custom-Designed High Potential Leadership Development Program
To ensure you get the most from your existing talent base, consider forgoing ready-made training schemes in favor of customized HiPo development programs. At Turnkey Coaching & Development Solutions, we design unique executive potential programs that revolve around our clients’ needs. We work hand-in-hand with Talent Directors to craft a unique program, entirely designed around your organizations culture, values, mission, employee level and experience, budget and strategic priorities. We support your organizational goals by developing high potential employees, teaching them how to channel their innate skills and how to work in tandem with their peers to achieve consistently excellent results.

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.

 

Ready to get started?

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.

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