In a nutshell, what are high potential employees?
High potential employees are those who have the ability to successfully perform more complex roles, the aspiration to take on greater responsibility, and the engagement to put first concern for the organization and its members’ well-being. They are the employees who will have the greatest impact on an organization’s future success.
Why does this concept matter?
Developing talent requires a substantial commitment of organizational time and resources. It is important to identify employees who have the ability and desire to develop their skills and talents, and to make sure that the organization is allocating precious development resources appropriately.
Who are examples of companies making the most of high potential employees?
Beginning in the 1950’s, AT&T was a pioneer of using assessment centers and other psychometric tools to identify talent early, and they were able to predict the success of employees 20 years or more in to the future. Organizations today are aiming to do just this type of work; predict the long-term career potential of employees in order to make sound investment decisions in talent. Beyond identification, GE has long been viewed as a premier source for leadership talent, as talented individuals are quickly placed in challenging, high-impact roles to accelerate their development.
Where should I start on using this concept at my office?
Organizations should integrate indicators of potential into the core talent review processes. Create a common framework of what constitutes potential across functions and begin with managerial ratings along these structured dimensions. This will ingrain a common standard for potential, which can be employed to guide managerial nominations for accelerated talent and leadership development programs.
How can I learn more?
Watch the on-demand webinar “Recruiting and Retaining High Potential Employees” from HR.com and featuring CEB SHL, Lumesse and other expert panelists.
Jarrett Shalhoop is a Managing Consultant in the Client Solutions practice at SHL, the world’s leading talent measurement solution provider. In this role Jarrett blends leading-edge science in the talent management field with practical solutions that help companies select, develop, and grow people.