How do you all differentiate between high vs. medium potential in employees, ensuring the criteria are comprehensible and actionable for team leaders?
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Hi Corey- would love to see your model if you don't mind sharing (jjohnson@dealertire.com) - thanks!
We also use the Aspiration, Ability & Engagement model.
Our organization uses competency based management approach. Competencies are very clearly defined and they are paired with a 5 point rating scale that we use to assess the competencies. Having very clear language that makes it easy to apply.
Differentiating between high-potential and medium-potential employees is essential for growth for the company and employees too.
The first thing we can do is develop a clear set of criteria that define what high-potential and medium-potential mean in your organization.
Performance metrics need to be involved while differentiating between high-potential and medium-potential employees.
Also evaluating the employee's ability to adapt to change, learning, innovation, and problem-solving capabilities.
Finally, develop a scoring or ranking system that quantifies these criteria.
We breakdown potential with (3) key variables; Aspirations (to take on more/grow), Ability (leverage any competencies for your department/team), and Engagement. This helps take an element of the subjectivity out of the scoring. We have clear definitions for each of these. Feel free to reach out if interested.