Korn Ferry, a global organizational consulting firm, recently reported survey data that only 29 percent of HR professionals are confident their organization has the right people to guide the company into the future. The issue, it appears, is that while almost half (48 percent) of surveyed organizations say they look to promote from within, 45 percent of those say they do not have programs in place to help identify top talent.
Whether you are a manager, executive, owner, or HR professional, it is a good idea to keep an eye out for employees that exhibit leadership potential to carry your organization into the future. Ninety-one percent of the HR professionals surveyed reported seeing the benefit of creating “high-potential programs” to identify and prepare the organization’s future leaders.
Creating a high-potential program, however, is not enough to provide the desired outcome. Only 14 percent of HR professionals reported feeling very confident that their organizations have selected the right people for their high-potential programs. Sixty-six percent said that the programs do not look deep enough into the employment pool as the programs typically exclude entry-level/graduate talent. Finally, 72 percent stated that their organizations would benefit from a scientific-based approach to identifying potential. If you are considering implementing or restructuring your high-potential program, get consistent about your method of selection and open the program up to more than just senior employees. Employers Council has resources and staff to help you; give us a call.