We are glad to have a guest blogger today! Kyle Lagunas, HR Analyst at Software Advice wrote an article on high-performance versus high potential employees which he condensed for our blog. You will be interested in reading his strategies for managers to know the difference between the two and not mistaking one for the other. Our history of executive search has proven that high-potential leaders are the ones that bring the most success.
In a time when the workforce is increasingly transient, your ability to identify high-performing and high-potential employees—and that of your managers—is critical. And yet, many struggle to distinguish one from the other, negatively impacting their ability to develop and retain top talent. In many organizations, performance is the primary measure of an employee’s value in the organization. Star performers are promoted and rewarded, while diamonds in the rough become disengaged and move on.
Don’t get me wrong–you should definitely value performance. But if your end goal is to build a more robust talent pipeline (and it should be), performance can’t be the only point of entry. To that end, there are strategies that any manager can apply to develop high-potentials and high-performers effectively.
Step One: Identify
High-performers stand out in any organization. They consistently exceed expectations, and are management’s go-to for difficult projects. They take pride in their accomplishments, but may not have the potential (or the desire) to succeed in a higher-level role.
High potentials can be more difficult to identify, especially for line managers. That’s because most valuable attributes (e.g. stress management, adaptability, business sense) aren’t catalytic in entry-to-mid-level roles. Potential is subjective to what a company values, of course, but there are innate attributes that distinguish them from high-performers.
Line managers’ observations are often limited to the most obvious traits (time management, communication skills, attention to detail). By working with leadership, however, managers can profile the skills that ensure success in key roles—and be on the lookout for examples of both high performers and high potentials from day one.
Step Two: Assess
An established standard of the attributes and competencies of model employees is also an essential part of objective assessment. Although, there’s a distinct difference between potential and performance, experts agree that employees should be assessed on competency in both.
Each category requires a different development strategy. With a clearer picture of who falls where, managers can make more informed decisions in how to effectively develop them. For example: High Po/ Low Per employees may need to improve their ability to perform consistently, or may be moved into roles better aligned with their natural abilities. High Per/Low Po employees would be ideal candidates for soft skill development–or for roles that require more technical skill.
Step Three: Engage and Develop
The important thing about development and engagement strategies (especially for high-potential vs. high-performance employees) is to tailor your efforts to drive the results you want. Typical engagement strategies could look something like this:
Recognition is key for High Per/Low Po employees. They need constant encouragement and challenging assignments. Rather than promoting them to roles they don’t want (or aren’t ready for), give them the independence and ownership of projects and/or teams.
Alternately, while High Po/Low Per employees are hungry for more high-impact work, they need seasoning. On the job training is a great way to accomplish this, especially when pairing them with high performers. As they develop a stronger understanding of the organization and their role in it, give them projects to manage, new hires to train, and offer cross-training opportunities.
Set Your Line Managers Up for Success
Your line managers are the gatekeepers to your talent pipeline, and they’ve got their work cut out for them. While most will have some natural ability in identifying, assessing, and engaging performers and potentials, few will be adept at all three. If you want to improve your ability to retain top talent, it starts with your line managers. Set them up for success, and invest in their development.
Centennial, Inc. would like to thank Kyle for allowing us to post this content! We feel that it is important as an executive recruiting firm who focuses on talent acquisition, coaching/development and assisting our client organizations in engaging and retaining their top talent to provide you with valuable information. Please let us know your thoughts on this post.