Leadership development programs aimed at rising stars have become a staple of most large organizations.  Here in Shanghai I see this in the people practices of global multinational companies, whether American, European, or Asian.

Most people acknowledge that the top talent is where you can have a great impact on business results, either in a positive or negative way depending on how you manage it.

An article in Harvard Business Review by Jean Martin and Conrad Schmidt shed some interesting light on the topic.
What I have found surprising in my own experience is that despite the effort, money and time being spent, the results are often lackluster, at least initially.  Maybe our expectations timeline is too short.

Here are some ideas about what works and what doesn’t in developing your top talent.  This came from research in more than 100 organizations worldwide over 2005-2011, which clearly has been tumultuous time in the global economy.

10 Critical Components of a Talent-Development Program

1. Explicitly test candidates in three dimensions: ability, engagement, and aspiration.

2. Emphasize future competencies needed (derived from corporate-level growth plans) more heavily than current performance when you’re choosing employees for development.

3. Manage the quantity and quality of high potentials at the corporate level, as a portfolio of scarce growth assets. (more…)

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