We are experiencing a ton of turnover in our job market today due to the Baby Boomers retiring and the great resignation surging. Plus, it has become increasingly difficult to recruit individuals for positions, both at the entry-level but also in mid-management and executive level positions. So, how can you ensure that you have bench strength at your organization and motivate your potential leaders to stay?
One idea to do this has been around for a while but has been gaining in popularity recently – the emerging leaders program.
What is an Emerging Leaders/High Potentials Program
An emerging leaders/high potentials program is similar to a succession plan, but you aren’t planning for a particular position. Rather, you are planning and preparing for people to become leaders within your organization. Generally, when you do succession planning you think of a position and then decide on the competencies that someone would need to fill that position. This process is slightly different in an emerging leaders program.
Step One: Competencies
What would happen first is your current leaders would get together and come up with competencies that they think are important on the leadership team within the organization. This means that the emerging leaders program looks at skills needed to be in a leadership position, but also what kind of leadership culture do you want within your organization? Determining the competencies you want your good leaders to possess is the first step in developing this program.
Step Two: Identify
Then you would need to identify the people who you think have high potential to be leaders within your organization. There are two main ways that you could do this:
- Asking people if they would be interested in becoming a leader in the future and would want to join the program.
- Having your mid-managers and executive leadership team identify people who they feel would be really good leaders in the future.
Regardless of how you choose the individuals included in the program, you need to identify people who will be good leaders in the future.
Step Three: Develop
Then you need to create development plans for each of the potential leaders individuals in the program. There are several ways you could develop these individuals. You could have part of the program be training that all of the participants do and then specialized training for each individual based on the competencies that they need to work on.
The emerging leaders program could also have various levels within it. Maybe the first level could focus on your entry-level leaders – the people who have no supervisory or managerial experience. Then maybe a higher level would focus on the mid-manager individuals who would like to get to the executive level. With the level system, you would be able to tailor the development plans so that they are effective at the level each individual is at.
Because of all of the turnover that is happening right now, the emerging leaders program is something that you should think about and consider implementing at your organization. This will encourage individuals to stay within your organization and ensure that you have bench strength
The Bench Strength Builder™
✔️ Discover The Succession Planning Solution™ Framework and how you can utilize that to develop prepared successors.
✔️ Learn the steps to create a complete management succession plan for management positions at your organization.
✔️ Know the things you need to do at your organization to ensure you have bench strength and are prepared for the future!