Why are high potentials critical to business success?
The Corporate Executive Board defines high-potential employees as individuals who have been identified as having the ability, aspiration and commitment to take on leadership positions within an organization.
High potentials (HIPOs) like what they do, always go the extra mile and see a future for themselves in your organization. Since these HIPOs are the rising stars of your organization, your company’s future success depends on keeping them engaged and investing in their training and development.
The benefits of retaining top talent
No one would dispute that developing and retaining your best employees is important. But do you know just how critical it is? According to HR thought leader Dr. John Sullivan, top performers produce about 10 times more than the average worker, generate most of the innovative ideas and act as mentors and role models to others. Research by Corporate Executive Board and other think tanks back this up.
These findings make it imperative that your company does all it can to hold onto its top talent. Yet, in a 2014 report, Towers Watson found that 56% of employees had difficulty retaining high performers.
What are the best ways to ensure your top people build their careers at your organization?
Keys to success
Employees who are engaged in their work, who see potential for growth, and whose values align with their company’s values are much more likely to stay with their current organization. It’s also important that employees understand how they contribute to organizational success, and that they’re recognized for those contributions.
In this Center of Excellence, you’ll learn how to identify high potentials so you can create learning and development plans that emphasize career progression and personal growth. By engaging and developing your best talent, you’ll not only help build their careers, but also ensure your company’s success.