10 steps to developing high potential employees

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.