High-potential employees possess the skills and attitudes necessary for a leadership role. They often inspire others to perform well and take the initiative in every task. They are a valuable asset to any business and have a strong appetite for more responsibilities. Leadership development is a key in cultivating a future-ready workforce. To determine whether you have a high-potential employee, evaluate their current performance and potential. Potential refers to their ability to perform at the highest level.
Identifying high-potential employees for your organisation is also important because this type of employee is self-motivated and eager to learn. They are the ones that are most likely to become interested in taking leadership courses.
Without motivation, high-potential employees will leave the organisation. When challenged, they consciously improve their performance. Hence, investing in developing high-potential employees is vital to ensure your company’s long-term success.
Monitoring their progress
The first step in monitoring potential leaders’ progress in clarifying their expectations. It is essential to explain how they will progress and to have regular meetings and individual reports. If possible, conduct formal progress meetings. It is also important to monitor individual contributions. Lastly, monitor their performance metrics and KPIs to ensure that they are improving. A good leader will not overlook these details. By conducting regular reviews of the performance of its employees, a company will have a more effective system for monitoring the progress of potential leaders.
Performance monitoring is an essential element in any organisation. It can reveal whether a department, team, or organisation is effective. It also shows whether a team has directionless goals and working practices. It can also identify underperforming employees. It helps the managers retain talented employees and recognise those who have the potential to lead. But how can managers effectively monitor the progress of potential leaders? It’s essential to follow good management practices and identify the behaviours that lead to low performance.
If you want to know the other secrets of finding the potential leaders within your organisation, read this guide from Corporate Learning Solutions: