Promoting in-house is a smart way to grow your business and invest in your staff towards leadership development. Companies that promote from within often have higher satisfaction ratings from employees and there’s nothing like the possibility of a promotion to keep your team working hard. According to Adam Foroughi, a co-founder and CEO:
“Outside hires can sap the motivation for mid-level and junior-level talent to work harder and move up the ladder. When you promote from within, your employees know that the sky’s the limit, so they always work hard and deliver more for your company. In my experience, this ‘sky’s the limit’ approach creates an atmosphere of optimism that has a positive effect on everyone.”
As you look to various employees who may be similar in terms of work ethic, company loyalty and passion for the business, look for these leadership traits that set them apart. Employees who exemplify these characteristics will be better suited for a leadership position, allowing you to promote the most qualified and excited employees.
Confidence is one of the best indicators of potential success with an in-house hire. Fear of personal failure affects a staggering 31 percent of Americans according to a 2016 survey. The same survey even found that 6.1 percent of respondents had given up a promotion due to fear of failure.
While having these fears is common, employees that are confident in their decision-making skills will be more effective leaders. How do you identify confident employees? Look for the following traits, as outlined by Jeff Haden, of Inc.:
- They take a stand—not to be right, but because they aren’t afraid to be wrong.
- They listen more than they speak.
- They duck the spotlight to shine it on others.
- They freely ask for help.
- They think, “Why not me?”
- They don’t put other people down.
- They aren’t afraid to look silly.
- They make their own mistakes.
- They seek approval from only the people who matter.
2. Social Skills
One of the best ways to know if your new hire has leadership potential is the ‘beer and barbecue’ test, according to Brian Scudamore, CEO of O2E Brands: Would you want to have a beer with this person? Would they have a good time and make connections at a company barbecue?
If so, the person shows leadership potential, because leadership is all about effective communication. You’ve seen this employee in action, and have a good idea of what their strengths and weaknesses are. If communication is one of them—they tend to be social at group events, often organize fun shindigs in the office, or are always the first person to answer a group email—then they may be one of the top candidates.
It’s also important for leaders to recognize others and show appreciation for hard work. Only 41% of employees feel recognized at their desired frequency and 60% feel their managers don’t recognize them enough. Recognition goes a long way and understanding the importance of employee recognition can positively impact employee engagement levels.
The best leaders have a good idea of what they want to bring to the table. Business News Daily says that a good internal hire will already be showing signs of this kind of vision. They’ll be motivated, focused, and already striving to make company practices as streamlined as possible.
Look for employees that are ‘hustling’ and doing their best to make the company better, rather than simply showing up and going through the motions each day. You can trust that employees who share your vision, and maybe even have their own ideas for the growth of the company, will improve the organization when in a leadership role.
4. Critical Thinking Skills
Managers are required to think critically every day: “One of the most common duties of a manager or supervisor is to make sure that client, customer, and employee obstacles are being removed or lessened. This includes making sure questions are being answered, proper actions are being taken, and problems are being resolved,” says Lindsey Burke of Select International.
Work with the potential candidates’ direct superiors to assess their work on the last few projects. Ask questions like:
- Have they shown the ability to analyze a situation thoroughly instead of responding to it immediately?
- Can they find effective solutions, or do they flounder?
- Do they regularly offer solutions in brainstorming sessions and meetings?
If you’re considering an employee for a promotion, start by giving additional responsibility as a trial; even if they don’t know they’re being considered for the promotion or that this is a trial. Then watch closely as the employee(s) inevitably make mistakes and learn through these new tasks.
Employees that show ownership of mistakes they’ve made, and can move past them and see the learning experience that comes out of it, are the employees you want to promote, according to The Muse. The skill of ownership is difficult to teach, but invaluable when it comes to leading a team. Employees that embody this trait will often be the best people for the promotion.
Use these tips to find the best candidates for an in-house promotion. There are budding and excited leaders among you, it’s just a matter of finding them. Look for confidence, vision, ownership and more to identify the employees who want to help grow your business and their career.
Discover why it’s important to recognize employees and promote in-house by checking out the eBook The Case for Employee Recognition.