Best Practices for Identifying and Developing High Potentials

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Best Practices for Identifying and Developing
High Potentials

• Bonnie Hagemann
• Executive Development Associates
• Judy Chartrand, PhD
• Pearson

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Todays Agenda
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2009/2010 Trends in Executive Development A
Benchmark Report

• Trends Survey has been conducted
• every other year for approximately 25 years
• Participants were senior leaders in leadership
• and executive development (e.g., Chief Learning
• Officer, SVP or VP of HR, head of Executive or
• Leadership Development)
• Participants represented 76 organizations, mostly
  large,
• multinational with headquarters based in U.S.
• http//thinkwatson.com/downloads/2009-Development-
  Trends-Report.pdf

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Selected List of Participating Organizations
3M Abbott American Express Bank of America Chevron Cisco Dell Dow Farmers GlaxoSmithKline Hallmark Ingersoll Rand Intel International Paper Mass Mutual McGraw Hill Nestle PPG Industries RHI Sprint Sun Microsystems Verizon Vanity Fair Visteon Corporation
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Priorities in Executive Development
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U.S. Live Births 1905-2005
Latino Immigration 40 Million
GI Generation 56.6 Million
Silent Generation 52.5 Million
Generation Y 79.5Million
Birth Chart Build
1905
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What This Means for TD Professionals

• Baby Boomers are retiring at the rate of 1 every
  8 seconds
• The majority of organizational leaders are
• Baby Boomers (58 years old).
• There are 11 fewer Gen-Xers than Baby Boomers
• Generation Y (25 under) will not be
  manager/leader material for years to come

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Processes Used to Identify High Potentials
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Competencies Most Lacking in Next Generation
Leaders
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Processes Most Effective in Accelerating High
Potential Development
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• The Executive Perspective

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Research Methodology

• We asked HR Executives to nominate
• Role Model executives who have an
• excellent track record for identifying
• and developing High Potentials
• We interviewed 37 executives from over 30
  organizations
• Executives ranged from C-Level to VP

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List of Participating Organizations
2005 First Data Corp BP America Ford Visteon Abbott Honeywell Aetna Texas Instruments McDonalds Navy Federal Federated Department Stores 2007 ARM Dow Chemical McGraw Hill Companies Royal Bank Canada Phillips Macys Inc. (formerly FDS) General Mills Federal Aviation Administration Eisai Pharmaceuticals McDonalds Inc. Chesapeake Energy
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• The Results
• Identifying High Potentials

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Keys to Identifying High Potentials

1. Track Record
2. Ability to execute
3. Demonstrates initiative and drive
4. Understands the people side of the business
5. Strong desire to learn, grow, and develop
6. Ability to influence across the organization
7. Broad view of the organization
8. Empathy
9. Active Listener

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• The Results
• Developing High Potentials

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Keys to Developing High Potentials

1. Stretch assignments
2. Rotational Assignments
3. Developmental conversations
4. Increased level of responsibility
5. Exposure to new people and pieces of the business
6. Mentoring
7. Formal training programs such as Executive MBA,
   Leadership Programs, Business Simulations and
   Action Learning
8. Executive Coaching, Executive Assessment, 360s
   and individual development plans

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• Activity
• Break Into Groups of 5-7

• Activity 1 (10 min) Identifying High Potentials
• Benchmark your organizations practices
• Share practices with colleagues

• Activity 2 (10 min) Developing High Potentials
• Benchmark your organizations practices
• Share practices with colleagues

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Best Practices for a Successful Program
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• Resources

Free 2009/2010 Trends in Executive Development
Report 1-on-1 High Potential Development
Discussion
Books Decades of Differences by Bonnie Hagemann
and Ken Gronbach The Leadership Pipeline by Ram
Charan, Stephen Drotter, and James Noel FYI For
Your Improvement by Michael Lombardo and Robert
Eichinger
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Contact Us

• Executive Development Associates
• Bonnie Hagemann, bhagemann_at_executivedevelopment.co
  m
• Toll Free 866-EXEC DEV (393-2338)www.executivede
  velopment.com
• Pearson
• Judy Chartrand, judy.chartrand_at_pearson.com
• 888-298-6227
• www.thinkwatson.com
• Download research from this presentation at
• www.thinkwatson.com/learn-resources.php

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