Six Tips for Recognizing High Potentials
Recognizing The HiPO
Almost daily I speak with business executives and talent development professionals who want to increase their organization’s competitive advantage by developing leaders and building a strong leadership bench. And in almost 100% of those conversations we discuss the company’s high potentials and HIPO programs
I find myself often amazed that even though this is recognized as such a critical business need many organizations have no real process in place for recognizing, selecting, engaging and developing these critically needed employees. Generally, we have two types of conversations – very strategic and tactical.
On the strategic level the discussion focuses on; the impact on employee retention and productivity outcomes. The impact on innovation, market share, client retention and even good press/PR. We also discuss why hi-potential programs are necessary and should be focused at all levels, not just at the existing leader/manager levels.
On the executable, level we can get into the weeds, driving down into the tactical pieces. Getting into the nitty gritty and asking the very basic questions around how to recognize and select HIPOs and even what processes should be implemented, like the good ol’ nine box, that is still used by many companies. Or creating new innovative ways – like generating profiles of hi-potentials and using metrics and data standards to help find HIPOs that may not be flushed out in more traditional ways. We also explore some basic questions like; who is a leader or manager, what defines them? Who has the right stuff to move to the next level? What is the right stuff? Who will be considered and in the long term, evolve, into an emerging leader or executive? Who can we groom, prepare and develop to ensure our company can meet the global market and competition head-on and win?
In these considerations, the executives I speak with are thinking not only about the success of the company – but also the challenge of retaining their employees. Knowing that strong leaders and managers will help ensure enduring employee engagement and give their organizations a solid framework to be in business for years to come. Giving them an edge when recruiting talent in today’s highly competitive and visible talent landscape. And where tools such as Glass Door can give anyone insight into your corporate culture and expose your leaders as rock stars or duds.
Here are a few simple ideas to pay to attention to when considering who should be included in your hi-potential program:
Today the world of work is an open “operating system” and your HiPOs are able to connect seamlessly and quickly to other opportunities and yes even to your competition. So once you’ve recognized them - What’s next?
Do you have some ideas regarding HIPOs?