Digital has already delivered a blow to businesses. And as digitization drives more automation and computing, 75 percent of leaders believe that technology will change the nature of current rules significantly and will also demand new skills from talent. While talent leaders grapple with talent&skill evolution in the digital age, a critical challenge to manage is the impact of digital disruption on HiPos. People Matters, in partnership with Right Management organized the sixth edition of HiPo week that facilitated discussions on the impact of digital disruption on HiPos, the changing business expectations from HiPos, and the competencies HiPos need to develop to stay ahead of the curve and enhance their business relevance for the newer rules. This Special Story highlights the key takeaways from the HiPo week!
The only certain thing is the fact that the future is uncertain. There is an inherent, ongoing evolution that is changing and will keep changing the way we live, work, and exist. Although this change stems significantly from the virtual, its impact is felt loud and clear on all the elements of the real world — including concepts, theories, economies, businesses, and means and modes of operations. McKinsey states that not more than a third of the major organizations that exist today will survive in the coming 25 years. Companies, big and small, are working against the clock to reboot themselves and be future-ready. In this preparation of future readiness, an important aspect is identifying and investing in the leaders of tomorrow and helping them realize their potential. This is the time that the organizations look into the role and competencies of High Potentials.
The role of High Potential (HiPo) employees in building a better tomorrow has never been more important than it is today. Traditional HiPo programs have struggled to justify RoI and the tangible value they add to the organization. Thankfully, with the advent of the digital era, there is a unique opportunity for organizations, leaders and the HR to revamp obsolete HiPo practices and leverage them for building a sustainable future. Let’s take a look at how the concept, role, and programs for HiPos have changed in the digital age, and what is needed for a HiPo employee to be successful today.
THE TECH EFFECT - CHANGING NATURE OF HIPO PROGRAMS
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