High Potential Development
Whether preparing for the imminent retirement of baby boomers or gearing up for growth, high potential development programs are essential to ensure that organizations have the executive bench strength required to guide their companies seamlessly into the future.
Before: $8 Billion Consumer Products Company Needs to Uncover Hidden Talent
“While looking to improve best practices across our business lines, we discovered the need for an internal leadership development program. We found that managers were having a hard time identifying internal candidates for open positions. One difficulty was our size (over $8 billion in revenue). The other problem was our highly compartmentalized reporting structure, which made it difficult to determine what talent was available in other business units. Without a consistent process for looking across the silos, we had no idea if our executive bench was adequate and no way to match jobs with talent. It became obvious that we needed a structured high potential development program.
“RHR was asked to create a program which would determine our bench strength, identify internal candidates to develop for advancement, and prepare them for their roles as the company’s next generation of leaders.”
After: Company Deepens Executive Bench and Discovers Leaders of Tomorrow Though RHR High Potential Development Program
“We had previously designed a Profile of Success™ for this client to guide development of their top executives. Having this template of preferred characteristics, we designed a high potential development process for selecting promising candidates. Leadership development and performance information about each individual was brought to divisional and functional Talent Development Roundtable discussions. High potential employees from all parts of the organization were selected and appropriate stretch opportunities identified to prepare them for future leadership roles. Leadership style, team behavior, aspirations and development needs were determined through in-depth interviews. For each executive, we delivered a comprehensive analysis and Leadership Development Plan™ and then supported its implementation through ongoing consultation.
“The program was so successful, the high potential development process we instituted for identifying leadership potential throughout the company is now applied through the middle management level.”