A High-Potential Employee (HIPO) is a worker who has been identified as possessing the potential to excel in a leadership role within the organization. These employees are often given additional development opportunities, such as training, mentorship, and leadership experiences.
HIPO Development Programs are training programs designed to accelerate the development of high-potential employees. These programs typically involve training sessions, mentorship opportunities, and job rotations to expose HIPO employees to different parts of the organization.
Succession planning is the process of identifying and developing potential successors for key positions within the organization. HIPO employees are often considered as part of the succession planning process, as they are seen as potential future leaders of the organization.
High-potential employees are valuable assets to any organization. By investing in their development and identifying them as potential future leaders, organizations can ensure a strong pipeline of talent to lead the organization into the future. Understanding key terms related to HIPO employees, such as HIPO Development Programs and Succession Planning, can help organizations effectively develop and retain their top talent.