We’re excited to announce the launch of the Hogan High Potential (HIPO) Talent Report, a new product that simplifies the way organizations evaluate and develop talented people. The comprehensive report makes it easier to make informed talent decisions, groom and develop employee leadership competencies, and achieve positive business outcomes.
Most organizations make it a top priority to identify, develop and prepare successful leaders for roles with expanded scope and responsibility. However, organizations large and small have struggled to find an accurate, useful and sustainable way to develop the leaders with the highest potential for future success.
“One of the main reasons high potential programs fail is that they focus too much on performance, which organizations are historically poor at measuring,” says Hogan CEO Dr. Tomas Chamorro-Premuzic. “And, even if organizations do measure performance well, many top performers will fail to perform well at the next level. So it’s important to focus less on performance, which is what you have done in the past, and more on potential, which is what you will probably do in the future.”
The Hogan model identifies and defines three elements that are important for HIPO success. The first, leadership foundation, describes the degree to which individuals are able to effectively manage their career, how rewarding they are to deal with, and how strong they are as organizational citizens. The second, leadership emergence, predicts the likelihood that someone will be noticed in the organization, emerge and be labeled as a leader. The third, leadership effectiveness, predicts one’s ability to lead teams successfully toward productive outcomes.
All three components of the Hogan HIPO model are strongly linked to personality. The new report identifies strengths and gaps related to each of these critical elements, and suggests specific, targeted developmental actions to address them.
“Potential is not solely based on the absolute value of your skills and abilities – it is powerfully influenced by the extent to which others perceive you as a leader,” says Chamorro-Premuzic. “Effective leaders are able to attract, retain and develop strong talent, achieve business goals, secure resources and remove barriers to success. This new report can accurately assess leadership potential at all levels regardless of the size and scope of the organization.”
For more information about the Hogan HIPO Talent Report, visit hoganhipo.com.