High-potential employees (HIPOs) are those with the ability, aspiration and engagement to rise to and succeed in more senior and critical roles. As a finance leader, it is not only critical to identify HIPOs, but also to engage and retain them.
Many leaders will respond with traditional formal training to enhance learning and drive engagement. But only 10% of effective employee development is driven by formal training. Formal training can also lack application potential and have significant direct costs (e.g., course design) and indirect costs (e.g., instructor time).
Gartner’s finance research team studied how a top financial services company innovated on career development to boost HIPO satisfaction. Instead of a formal training program, the organization created experiential learning opportunities to propel HIPO development.
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