A big part of any company's success is having the right people in the right seats. Ideally, your business currently has top talent filling its leadership positions. Unfortunately, those people aren't going to be around forever. People retire, move, change careers or branch out on their own. This presents your company with a dilemma when it comes to bringing in the next generation of leadership. You can recruit talent from outside, but no matter how qualified the candidates, there's always the risk they won't mesh with your company's culture. That's why your best option is identifying current high-potential (HiPo) employees and grooming them to take on leadership roles in the future. By establishing a high-potential development program, you can ensure the transition from each generation of leadership to the next is as seamless as possible.
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.
According to data from the Harvard Business Review, most organizations are simply not adept at identifying and developing high potential employees. HBR reviewed data regarding 1,964 individuals who were identified across three organizations as high-potential workers. The reviews included feedback from multiple assessors, who agreed that as many as 40 percent of the identified employees were not, actually, HiPos. Instead, companies were identifying candidates with strong technical skills who consistently honored commitments and took initiative. Those are all great strengths for employees — and certainly are traits that might show someone belongs in development or leadership training. They don’t, however, mean someone is HiPo. Why does it matter? It’s not that HiPos are the only employees your organization should invest in. It’s that HiPos tend to respond to training and development in different ways than other talented employees. Therefore, it’s important to align the components of a program to the level and talent set of the employees. Some participants may warrant a workshop only, while others, such as your HiPos may benefit from Shark Tank style capstone projects, or peer-to-peer shared intelligence sessions. Simply put, it’s important to customize the program to be challenging and relevant to the high potential 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.
When they’re given a clear path to success, most high-potential employees feel highly focused and remain much more committed to their employers. With that in mind, one of the best ways to keep HiPos in your company is to engage them: give them more authority — and more decision-making power — when they’re ready to rise. Because HiPos value development opportunities, high potentials leadership programs also come into play, and the most successful executive potential training programs use a specific process to select participants and design the approach.
Identify High-Potential Employees Accurately
According to 10 years of data gathered by Gartner, HiPo employees are high-performing individuals who also share three distinct characteristics:
Assess Your HiPo's Motivational Profile
All high-potential individuals are gifted and make valuable human assets, but the most successful HiPos have a very particular motivational profile:
HiPo Engagement Is Key
Out of all the qualities listed above, engagement is arguably the most important. HiPos who show high levels of engagement usually stay in their roles — even in times of trouble — and also tend to complete HiPo programs successfully. When individuals complete high-potential assessment and development programs, they are much more likely to rise to the executive level. HiPos enjoy inspiring others and helping the individuals they’re in charge of achieve success. High-potential individuals are hugely influential wherever they’re found, and their positive contributions often help balance out negativity within organizations. Full of ideas and driven to find success, they improve overall morale and encourage others to excel. Imagine where your company could go if your pipeline were full of ready-now, fully developed HiPo individuals?
Tailor-Made HiPo Development Programs to Help Drive Success
Some business decision makers opt for cookie cutter HiPo training programs, but these strategies don’t always provide as much value as they initially proffer. Far more effective than pre-manufactured courses, tailored HiPo development programs help gifted individuals excel in their roles and prepare for executive positions.
Here at Turnkey Coaching & Development Solutions, we design high potentials leadership programs with our clients’ companies in mind and customize each component to be an ideal fit for the employee levels and experience, your budget and your strategic goals.
Each high potential development program will be tailored to your choice of proven, best practices including:
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.
It can be tempting to believe that high-potential employees simply succeed by themselves, but, in fact, they benefit greatly from targeted learning and development. A carefully constructed high potential development program can help gifted individuals stay on track, stick to long-term goals and make the most of their abilities. Moreover, well-conceived HiPo programs help truly talented employees advance into fantastic leaders you can count on as your company evolves. In short, when you make a relatively minor investment into your most promising employees, you’ll likely receive big dividends later on.
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.