4 Ways to Develop and Retain Leaders
Do you have some people in your organization who you might label as “high potential” or perhaps an “emerging leader”? If so, what are you doing to develop and retain those employees? If the answer is “nothing” or you’re not sure what you can or should do, here are a few ideas to consider.
Assess Your Talent.
So your gut tells you that the new college grad that’s been interning for the last year who just accepted your offer to come on full time could be on the fast track to a very successful career. Before you sign her up for every leadership course in town or name her the successor to your CEO, you may want to consider assessing her leadership skills or at least getting some kind of a baseline in terms of her personality, skills, and abilities that you can compare against some benchmarks to see if your gut matches up with actual data. This can help you help your emerging leader understand what her strengths and weaknesses are, how she “ranks” compared to other leaders in your organization or based on whatever benchmarks you use, and can help set a nice baseline on which you can build an individual development plan to help her move forward on that fast track to success.
Assign a Mentor.
The benefits of mentorship programs are well documented, and the benefits to an individual you have labeled as a high potential leader are equally as, if not more, attractive. It’s not only a great way to enhance the development of an employee and more quickly get him familiar with how the organization works and how to make things happen, it can also be a wonderful retention tool.
Invest in Your Talent.
Just because you put seeds in the ground doesn’t mean your garden will grow. It takes a lot of time, care, and feeding to make sure the roots take hold and the flowers blossom. The same is true for your emerging leaders. Just because you’ve identified them as having a lot of potential for growth doesn’t mean they’re going to get there on their own. It takes an ongoing investment of time, training, and resources to make sure their roots take hold in your organization and their leadership skills blossom in the future.
Let Them Know.
Maybe. Depending on the culture of your organization and the maturity of those you’ve identified as high potentials, you may want to consider letting them know you think they have potential. On one hand it can be a great confidence booster and great way to increase the chances you’ll retain that person. On the other hand, if he or she already possesses a great deal of confidence (and doesn’t hesitate to let everyone else know about it) then you may want to take a different approach.
The bottom line is that when you have identified talent that you believe will help your organization long term, it makes a lot of sense to invest some time and thought into how you can increase the probability that talent develops in a positive way and that person stays with your organization for the long term.
Emerging Leader Training Series
Have the emerging leaders within your organization been identified? Do they have the skills and knowledge needed to best represent your organization? In this 3-part series, participants will learn tools to present themselves more effectively and enhance their contribution to the organization.