Best Practices in Talent Management: How the World's Leading Corporations Manage, Develop, and Retain Top Talent

IMPLEMENTATION

Sponsorship from the executive team is of paramount importance for successful execution and sustainability. In the Colorado region, the executive team is the sponsoring body for the leadership succession management process.

Two talent review processes are conducted each year with the executive team. One is for overall identification of high-potential talent; the other is for high-potential diverse leaders (supervisor and manager level) and high-potential talent who do not have the ability to relocate within the organization. After the review process, the executive team meets to map the high-potential talent to experiences for the coming year.

Once the high-potentials have been identified, their leader gives them the feedback ...