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Hi-Potential Management
Benefits & Challanges
Document Classification: Confidential2
Defining High Potential
“Ready Now” talent with the relevant capabilities to move into positions of
greater scope and responsibility.
Facts
 Alarmingly, only 13%1 of senior executives and human capital managers today believe their
organizations have ample leadership pipelines.
 According to a Right Management Conference Board survey of 210 executive-level human
capital professionals in Asia, 45 percent of respondents indicated that their leaders are not
prepared or only marginally prepared to address the business challenges ahead. That really
means 45 percent are willing to admit they may not be prepared.
Document Classification: Confidential3
How to create a Hi-Po Management System
 Communicate whatever can be communicated….
01  Before understanding the ‘How’ part, it is important to understand the ‘Why’ bit.
02
 Couple of important considerations for such system would be- ‘What is the
coverage’? ’What is your definition of hi-potential’? ‘What purpose you want it to
serve ?
03  Important to understand if Hi-Po is a critical skill or critical person?
04
 Important to have complete leadership buy in from design perspective. Keep
selection purely on merit (not necessarily only on data)
05  Should have an exit mechanism – potential need to be realised
06
Document Classification: Confidential
Foundation for Success
4
Strategic Structured approach to Talent Development
AssessIdentify Develop Engage
Document Classification: Confidential
Poll Question
5
.
War of Talent is the next big deciding factor for organization's of
future? Can effective Hi-Potential Management be the answer?
Yes
No
Can’t Say
Document Classification: Confidential
Key Benefits
6
Retaining top talent
– Competitive
Advantage
Reward for PerformanceBusiness Growth
Motivational/Aspirational
Document Classification: Confidential
Key Challenges
77
Retention effort only for
selected few
Organisations invest too much
money on Hi-Po and others feel
neglected.
It is important to make programs for
more than significant few
Creates more conflict & competition
than collaboration
Results are very difficult to
measure..we end up
measuring retention than
value creation
Document Classification: Confidential
Basics to keep in Mind
8
Measuring the ROI w.r.t business deliverables of a Hi-Po framework
 ROI depends on what organisation wanted to get out of system
 It could be retention of Hi- Po
 It could be multiple growth of organisation
 It could be creating future generation of leaders
 ROI measurement should be clear from the start – for all stakeholders
• These programs can either be aspirational or completely
demotivating. We need to be careful to make it aspirational
• It is important to keep exit mechanism from these programs,
but exit from the program should be communicated in
advance else it could set demotivation
Document Classification: Confidential
Avoiding 3 most common pitfalls
9
Using outdated success profiles
Failing to create a credible,
trustworthy and structured
development program
Confusing high performance with potential
Document Classification: Confidential
Engaging Hi-Po
10
Careful
allocation of
roles and
responsibilities
Should be
either
classified as
critical talent
or should
have critical
skill
Should not be
doing routine
jobs which
can be done
by anyone
Should do
roles which
are unique
and at least 1-
2 level above
their
experience/titl
e etc.
.
Use a
Development
Centre
Career
Planning
One on One
Coaching
Comprehensive
reporting
360 degree
.
Engaging and Cultivating Hi- Po employees to stay and perform
Document Classification: Confidential
Role of HR
11
Identify Develop Reward Deliver
Leadership Involvement, Buy In, Change Management
Document Classification: Confidential
Summary
12
Organisation
Strategy
Build Vs Buy
Decision
Define
Potential
Create
Identification
Measures
(competency,
values, track
record)
Identify clear
road map for
each Hi-Po
Buy-In from all
stakeholders
Communicate
Document Classification: Confidential
Thank You!
13

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HR Virtual Learning Zone Panel Discussion on Hi-Po Management

  • 2. Document Classification: Confidential2 Defining High Potential “Ready Now” talent with the relevant capabilities to move into positions of greater scope and responsibility. Facts  Alarmingly, only 13%1 of senior executives and human capital managers today believe their organizations have ample leadership pipelines.  According to a Right Management Conference Board survey of 210 executive-level human capital professionals in Asia, 45 percent of respondents indicated that their leaders are not prepared or only marginally prepared to address the business challenges ahead. That really means 45 percent are willing to admit they may not be prepared.
  • 3. Document Classification: Confidential3 How to create a Hi-Po Management System  Communicate whatever can be communicated…. 01  Before understanding the ‘How’ part, it is important to understand the ‘Why’ bit. 02  Couple of important considerations for such system would be- ‘What is the coverage’? ’What is your definition of hi-potential’? ‘What purpose you want it to serve ? 03  Important to understand if Hi-Po is a critical skill or critical person? 04  Important to have complete leadership buy in from design perspective. Keep selection purely on merit (not necessarily only on data) 05  Should have an exit mechanism – potential need to be realised 06
  • 4. Document Classification: Confidential Foundation for Success 4 Strategic Structured approach to Talent Development AssessIdentify Develop Engage
  • 5. Document Classification: Confidential Poll Question 5 . War of Talent is the next big deciding factor for organization's of future? Can effective Hi-Potential Management be the answer? Yes No Can’t Say
  • 6. Document Classification: Confidential Key Benefits 6 Retaining top talent – Competitive Advantage Reward for PerformanceBusiness Growth Motivational/Aspirational
  • 7. Document Classification: Confidential Key Challenges 77 Retention effort only for selected few Organisations invest too much money on Hi-Po and others feel neglected. It is important to make programs for more than significant few Creates more conflict & competition than collaboration Results are very difficult to measure..we end up measuring retention than value creation
  • 8. Document Classification: Confidential Basics to keep in Mind 8 Measuring the ROI w.r.t business deliverables of a Hi-Po framework  ROI depends on what organisation wanted to get out of system  It could be retention of Hi- Po  It could be multiple growth of organisation  It could be creating future generation of leaders  ROI measurement should be clear from the start – for all stakeholders • These programs can either be aspirational or completely demotivating. We need to be careful to make it aspirational • It is important to keep exit mechanism from these programs, but exit from the program should be communicated in advance else it could set demotivation
  • 9. Document Classification: Confidential Avoiding 3 most common pitfalls 9 Using outdated success profiles Failing to create a credible, trustworthy and structured development program Confusing high performance with potential
  • 10. Document Classification: Confidential Engaging Hi-Po 10 Careful allocation of roles and responsibilities Should be either classified as critical talent or should have critical skill Should not be doing routine jobs which can be done by anyone Should do roles which are unique and at least 1- 2 level above their experience/titl e etc. . Use a Development Centre Career Planning One on One Coaching Comprehensive reporting 360 degree . Engaging and Cultivating Hi- Po employees to stay and perform
  • 11. Document Classification: Confidential Role of HR 11 Identify Develop Reward Deliver Leadership Involvement, Buy In, Change Management
  • 12. Document Classification: Confidential Summary 12 Organisation Strategy Build Vs Buy Decision Define Potential Create Identification Measures (competency, values, track record) Identify clear road map for each Hi-Po Buy-In from all stakeholders Communicate

Notes de l'éditeur

  1. Jaspreet
  2. uday
  3. Jaspreet
  4. Uday/Jaspreet Creating value for the individual and for organisation
  5. Jaspreet/uday
  6. Jaspreet
  7. Uday
  8. Jaspreet/uday