In the next 15 years, 75 million baby boomers will retire. That’s an average of 10,000 people leaving the workforce per day (Pew Research Center). Combine that with the findings of Harvard Business Review, which stated that nearly 40% of internal job moves made by people identified by their companies as “high potential” end in failure, there is a serious need to correctly identify and develop your high potential talent.
Identifying high potentials has been a struggle for most of our client companies. From plotting employees on the 9-cell matrix to looking at a variety of definitions of potential, companies have tried numerous ways to figure out where to place their bets.
For those talent management professionals looking to hit the bullseye, there is a new arrow in your quiver. The Korn Ferry® Assessment of Leadership Potential (KFALP) uses state of the art assessment technology and a strong research background to find your shining stars deep in the organization.
Based on Korn Ferry’s seven signposts of potential, this tool is designed to measure the 7 key attributes that differentiate potential for taking on greater leadership responsibility. Cost effective and easy to administer, this tool can be used as a standalone assessment or integrated into a broader talent management system. It provides strong validation for 9-cell placements and can assess talent deeper in the organization.
Our team at Leadership Alliance works with organizations throughout the U.S. and globally to help them identify their high potential talent.
E-mail us or call (314) 993-8008 to learn more about the Korn Ferry Assessment of Leadership Potential and how we can help you identify leaders that will drive your company’s success.
Korn Ferry is a registered trademark of Korn/Ferry International.
