4 steps to get more from high-potential employees — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

4 steps to get more from high-potential employees

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in Centerpiece,Leaders & Managers,Management Training

by Jean Martin and Eugene Burke

potential meterThe best businesses recognize they need a strong bench of talent that will rise up through the firm. Our research indicates that organizations with a strong reserve of leaders have twice the revenue and profit growth of less well-staffed competitors.

In a quest to reach high performance, many companies are focusing time and resources on developing high-potential talent—what we call HiPos. Not only are HiPos almost twice as valuable to an organization than their non-HiPo peers, they are also three times more likely to succeed as future leaders. Since 2012, in fact, 68% of organizations have increased their spending on HiPo programs.

Success isn’t a sure thing

However, simply offering a HiPo program doesn’t guarantee business success. In fact, more than half of high-potential employees enrolled in these programs will turn over within five years. Of those who stick, nearly half fail to meet busin...(register to read more)

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