Forty percent of designated “Hi-Po” (high-potential employees) are seen as disappointing in their performance, and often derail at some later point in their careers. Harvard Business Review, in an article (by Tomas Chamorrow-Premuzic and Abhijot) has identified that the selection process in many companies is flawed by politics. Developing future leaders is very important. How the individuals are selected, and developed, has a major impact on the future of the organization.
When the the truly strong future leaders are not developed, they often leave … maybe even going to the competition. How a company develops leaders impacts the entire organization’s view of the company’s commitment to development.