Companies with low turnover are more profitable, and this is a fascination I've held for most of my career. What intrigues me is what keeps leaders and their teams loyal to your organization?
In my corporate days, I had the absolute privilege of reporting to amazing bosses--until....I didn't. And then I began to wonder about this phenomenon. In my attempt to find out, I traveled across two continents. The trip took me from Winnipeg, CANADA to Kingston, Jamaica on this quest (more about that in a later post). After this journey, I decided to conduct research about high potential leaders and how they
navigate their path to the C-Suite.
This was in 2018, when I interviewed approximately 20 CEOs and industry leaders about high potential leader engagement. My thesis (and my observations based on my own 25+ years’ experience working in corporations) is that high-potential leaders (HP Leaders) are not always readily identified as candidates for senior-level roles
thereby missing out on significant capacity building for the company and for the leader and their family.
I identified that visibility inside the organization is a predictor (which makes sense to me). HP Leaders who are savvy about raising their visibility in the organization will generally do well and enjoy a robust upward trajectory. When HP Leaders are quiet and when
their manager is quiet, HP Leaders may not be top of mind for plumb projects and succession planning opportunities. My experience and research indicate that leaders may be overlooking competent leaders.
Today's blog post share explores the situation many organizations and their HP Leaders face as they attempt to build capacity for the future and the role that visiblity plays for
the HP Leader.
If you can keep your star performers (and identify them, as well), your experience as a board, CEO, and senior leader will be more effective, and your business will be more profitable.
One of my key questions to those CEOs: