The key to sustainable success in any business or as a high performance leader is to constantly fuel the talent pipeline. But the easiest, most cost effective way to gain more valuable human resources and maintain a roster of top talent is to develop your talent from within the organization.
Here are three tips to help you accomplish that:
1) Invest in the success of your people
Unless you spend some time and money to develop those on your team, they will either never reach their full potential or they will eventually leave for greener pastures. A much more economically viable strategy is to develop your talent with proactive initiatives. Keep in mind that many employees value an investment in career development as much as they do a financial raise.
2) Reward your high achievers
It is much cheaper to fuel the pipeline from within, and investing in your own people generates loyalty and high morale while it simultaneously attracts the most qualified and talented new hires. That combats the expense and disruption caused by high rates of attrition, so investing in your own people and rewarding them accordingly yields powerful returns on many important levels.
3) Develop yourself to bring out the best in others
But to develop others as a leader you have to always keep yourself ahead of them on the learning curve. That happens automatically as long as you embrace innovative ideas, constantly add to your existing skill sets, and take advantage of any leadership development opportunities that come your way.
Identify and cultivate your high potentials and you’ll have a sustainable and scalable organization of high performance teammates. That will make it easier for you to be recognized for high performance leadership that improves the bottom line.
What do you look for in high potentials in terms of leadership presence and potential? If you have ideas about how to spot talent – even if it is still in the developmental stages – I’d love to hear from you.
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Sarah Hathorn is a leadership development mentor, executive presence coach, image and branding consultant, public speaker & author. She is the founding CEO of her own successful company, Illustra Consulting, and the creator of the proprietary Predictable Promotion System™.
Blog, Ezine & Website: www.illustraconsulting.com
Copyright © 2011, Sarah Hathorn, AICI CIP, CPBS