Originally published in Harvard Business Review, October 23, 2017.
Corporate leadership development programs aren’t working. Less than a quarter of executives at the organizations that have them think they’re effective. Evaluations of managers at thousands of corporations suggest that 72% have what it takes to grow into C-suite roles. How can we bridge the gap between this raw talent and executive success? By following four steps:
- Determine the most important competencies for leadership roles in your organization.
- Assess employees’ potential by looking at the five predictors associated with success – motivation, curiosity, insight, engagement and determination.
- Map people’s potential to the competencies required in various roles.
- Give emerging leaders the opportunities, coaching and support they need to strengthen the critical competencies.
Hire for Potential, Not Just Experience