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10 Steps To Developing High-
Potential EmployeesBy OnPoint Consulting
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Who Are Your High-Potential Employees?
2x as valuable to your organization as other employees
55% will drop out of a development program within 5 years due to being incorrectly identified
46% fail to meet objectives in new roles (CEB Talent Management)
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1. Get Rid of Preconceived Ideas
Only 1 in 7 of your highest performers are actually high-potential employees
High-potential = Ability, Desire and Commitment to lead your company
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2. Develop Success Profiles
Define what success looks like for the leadership positions/levels in question
Outline the skills and behavioral traits necessary to succeed in the future
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3. Assess Candidates Use a robust process that
includes manager feedback. behavioral interviews, leadership tests, and simulations
Use an objective third party to conduct assessments, which adds rigor and improves accuracy
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4. Review Results Assemble a talent
review board to discuss top performers
Share results with high-potential employees and their supervisors
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5. Present the Data to the C-Suite
Make the case for a leadership development program to nurture high-potential employees
Demonstrate likely outcomes and costs associated with improper training -- nearly half of all employees fail in new roles without proper training and development
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6. Develop A Plan For Employees
Work with business leaders and supervisors to develop stretch assignments or roles for high-po employees
Enroll them in robust, leadership development opportunities tailored to their needs
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7. Make It Practical
Consider project-based learning programs
Link performance reviews and incentives to development outcomes
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8. Provide Ongoing Feedback
Schedule periodic evaluations and coaching sessions Reassess employees’ skills to measure progress
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9. Analyze Results Measure the rate of improvement in critical skills,
based on post-training surveys and other metrics Track the rate of retention and promotion among
employees who complete the leadership development program
Calculate recruitment costs saved
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10. Report and Repeat Report data back to the C-Suite Promote the high-potential program to
other employees
OnPoint Consulting is a top organizational development and leadership consulting firm specializing in solving 21st century business challenges.
To learn more about how we can help, contact us today.