Did you know poor leadership costs the UK economy £85bn every year in lost productivity? The impact of getting leadership wrong is staggering. But many organisations still fail to identify and develop true leadership potential before it’s too late.

 

What is potential, and why does it matter?

🟪 Potential is more than just performance. Someone might be great at their job today, but that doesn’t mean they’re ready to lead tomorrow.

🟪 Identifying leadership potential early ensures you’re nurturing future leaders, reducing leadership turnover and improving retention. Research shows replacing a leader can cost 18-47 times their salary. So, getting it right from the start is critical.

A recent case study – one of our clients, a major UK utilities company, faced a tough challenge: preparing for a new regulatory cycle and overhauling their talent management strategy. Our review revealed high attrition rates and an over-reliance on external hires for critical leadership roles.

The solution – we implemented our award-winning data-driven approach to high-potential assessment and succession planning leveraging our PsyCap Potential Assessment to ensure the most valid and reliable identification of emerging leaders.

 

The results speak for themselves:

• 80% of identified high potentials were promoted to higher grades.
• Over 50% of mid-level leaders took on broader roles or received promotions

As their Head of Organisational Development put it:

“The insights we now have into leadership capability are shaping our strategy and future growth.”

Leadership potential is the future of business success. Are you identifying the right people to lead your organisation forward? We can help you 📧 sales@peoplewise.co.uk

 

(Stat ref: Investors in People & Corporate Leadership Council)

For more information on the Major UK utilities company case study – click here

 

Written by Thomas Lucas, Head of Sales at Peoplewise