Identifying High Potential Employees High Potentials have the Greatest Impact on Business Outcomes Business leaders indicate that HIPOs are 50% more valuable to the business than core employees. This is because HIPO employees exhibit 21% higher performance levels leading to enhanced business outcomes such as outperforming revenue targets. Of all the talent management activities business leaders can perform, identifying and managing HIPO talent has the largest impact on achieving positive business outcomes. Prepare to Identify your HIPO Employees In order to ensure effective HIPO identification and reduce rating bias, you should first understand and clarify the selection criteria and methods involved in the process. Remove all ambiguity attached to the selection criteria and process before nominating a potential HIPO employee: After your manager communicates the criteria for the selection of HIPOs, ensure that you understand all standards as well as the leadership needs of the organization Discuss the effective assessment techniques for proactively identifying HIPO talent with your manager High Potential Identification and Nomination Process As a manager, you will need to observe and identify your high potential direct reports. To make sure you identify and nominate the right individuals, you should assess them on the following three parameters: • Ability—A combination of the innate characteristics and learned skills that employees use to carry out their day-to-day work • Engagement—The extent to which employees are committed to something or someone in the organization • Aspiration—The extent to which an employee wants or desires prestige and recognition in the organization, advancement and influence, financial rewards, and work-life balance An effective HIPO identification process typically includes the following: Continuously Identify HIPOs Although organizations typically have an annual HIPO nomination process as a part of their formal performance reviews, manager should continuously assess and propose changes to the HIPO pool based on employees’ recent performance and the organization’s objectives. Nominate Selected Direct Reports as HIPOs Complete the HIPO nomination form, rating the employee on the established leadership competencies and his/her ability, engagement, and aspiration. Nominations are Approved by your Manager Nominations are Rejected by your Manager Create Development Plans For approved nominations, identify development opportunities. Understand the Mismatch Review and address inappropriate nominations. Key Considerations Substantiate nominations with specific examples and ensure that there is no rating bias attached to the nominations Keep HR informed during the nomination and calibration sessions and coordinate with HR during the HIPO interviews involving your direct reports HR Leadership Council Corporate Leadership Council © 2011 The Corporate Executive Board Company. All Rights Reserved. Identifying High Potential Employees Checklist to Help Identify and Nominate HIPOs Use these characteristics to identify HIPOs and nominate them for your organization’s high-potential employee development program. Criteria to Distinguish HIPO Employees ABILITY Greater capability to inspire others Competent at reading others and responding appropriately Strategic thinker Superior skills to work with unclear, contradictory, and inconsistent information Greater proficiency at articulating and defending ideas Greater facility to manage difficult employees Criteria applicable to junior employees: Capable of distilling complex materials Takes burden off managers ENGAGEMENT Speaks highly of the organization Organization means a great deal to the employee Proud to work for the organization Thinks organization is the best place to develop skills Thinks organization to be the best for career Helps coworkers with heavy workloads and volunteers for additional duties Does not think staying with the organization is a matter of necessity ASPIRATION HR Leadership Council Desires to rise to a senior position Criteria applicable to junior employees: Cares less about recognition outside organization Desires to interact with important clients Desires to be recognized as a great manager and an expert Desires to have influence on key decisions Shows that he/she is ready to handle an increase in responsibilities Desires to stick to core competencies Corporate Leadership Council © 2011 The Corporate Executive Board Company. All Rights Reserved.