THE HR GUIDE TO IDENTIFYING HIGH-POTENTIALS
THE HR GUIDE TO IDENTIFYING HIGH-POTENTIALS
What makes a high-potential?
Quite possibly not what you think.
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The HR Guide to Identifying High-Potentials
Chapter 1 - Introduction 1
If you agree people are your most valuable asset then you need to know that high-potentials (HiPos) are an even more valuable asset.
In fact, according to our research a HiPo is twice as valuable to an organization.
HiPo: WHY THE STAKES ARE SO HIGH
Organizations with stronger leaders can show twice the revenue and twice the profit growth. Yet a HiPo program, seen by many organizations worldwide as the feeder to its leaders of the future, is statistically more likely to fail than succeed ? 50% of HR managers lack confidence in their programs and a staggering 5 in 6 HR managers are dissatisfied with the results of their programs.
Research covering a decade of assessments and recent analysis using the CEB analytics database of 6.6m has revealed that:
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Tel: 800-899-7451 ceb.us/HiPo
50%
OF HR PROFESSIONALS LACK CONFIDENCE IN THEIR HiPo PROGRAM
REVENUE
PROFIT
2XREVENUE AND PROFIT GROWTH FOR ORGANIZATIONS WITH A STRONGER LEADERSHIP STRENGTH
5 6 OUT OF
HR PROFESSIONALS ARE DISSATISFIED WITH THEIR HiPo PROGRAM
2 Chapter 1 - Introduction
The HR Guide to Identifying High-Potentials
55%
WILL DROP OUT OF THE HiPo PROGRAM WITHIN 5 YEARS
46%
OF LEADERS FAIL TO MEET THEIR BUSINESS OBJECTIVES IN A NEW ROLE
Potentially, this means much of your
AT LEAST
1 IN 7 PEOPLE ARE WRONGLY PUT ON
THE PROGRAM IN THE FIRST PLACE
investment in a HiPo program is at best wasted and, at worst, feeding your competitors with some of your most highly valuable people.
If you're reading this guide, chances
are you're an HR professional who
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appreciates that making the right choices throughout your HiPo program is the key to making it a success.
in touch anytime.
The first step is to lay a solid foundation and identify the right candidates.
Tel: 800-899-7451 ceb.us/HiPo
This eBook provides you with revealing and shocking statistics about HiPo programs, showing why access to the right data is fundamental to making the
right choices. After all, it will provide a talent pool of future business leaders,
with the capacity to run your organization.
The HR Guide to Identifying High-Potentials
Chapter 1 - Introduction 3
Whether you are still exploring the idea of introducing a HiPo program to your organization and want to understand how you can identify the right candidates, or you are looking to optimize your HiPo identification process, this eBook can serve as your helpful guide.
By establishing how to identify your true high-potentials and how to run a successful HiPo identification program, this eBook will take you through the steps you need to know. This guide will take you through solving potential problems and understanding the important role HR has to play in the success of identifying HiPos.
It will also outline how HR can start to reframe the HiPo conversation with senior management and introduce data-driven identification, as the first step to turn intentions into actions.
Want to know more? Feel free to get in touch anytime.
Tel: 800-899-7451 ceb.us/HiPo
High-potential versus high performance ? why the difference matters.
Did you know that only one in seven high performers are actually high-potential employees?
It's true. So why then do many organizations still make the wrong assumption ? that a high performer is also a high-potential? One of the problems is that managers are putting forward staff for a HiPo program without having a robust identification process in place. As a result candidates are being nominated for subjective reasons and not scientific reasons.
But it doesn't have to be this way. HR managers can now have access to the tools and information that can transform the identification stage of HiPo
4 Chapter 2 - High-Potential Versus High Performance
The HR Guide to Identifying High-Potentials
programs. This will ensure the program is worthy of its investment, creates competitive advantage and produces a source of future leaders ? but to achieve this you need a proven systematic approach.
ARE YOU NOMINATING FOR THE RIGHT REASONS?
In some cases HiPos are not being selected with valid or structured reasoning in mind. While selecting individuals on the basis of high performance isn't unheard of, in the worst case selection can be simply based on:
" It's your turn. You've been here long enough, you've done a reasonable job, so we're going to put you on the program.
If you consider that only 1 in 3 organizations are using hard assessment data to identify their potential, it's not surprising the nomination process can be unclear.
Without a clear set of criteria, why would you be surprised a program fails? To quote Albert Einstein:
" Insanity: doing the same thing over and over again and expecting different results.
If you carry on doing the same thing, why would you expect anything to change?
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Tel: 800-899-7451 ceb.us/HiPo
TYPICAL ISSUES YOU'LL UNCOVER WHEN A HiPo PROGRAM STARTS TO GO WRONG
The problems caused when a HiPo Program starts to go wrong don't just affect HR or the employees on the program. It spreads right through the organization.
Here are some issues being discussed by HR managers and colleagues that might sound familiar in organizations where the HiPo program is failing to deliver:
? Business leaders and HR are unconvinced that the right people are going on the program but they have no structured answer to the issue
The HR Guide to Identifying High-Potentials
Chapter 2 - High-Potential Versus High Performance 5
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