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Written for EO by Gareth Williams, founder of YellowDog.
When you launch a business on your own, you don’t need to worry about anyone’s performance apart from your own. As your business grows, you recruit talent to work with you. You make key hires and start building your team. But that’s just the beginning.
How do you assess how your new team members are performing without relying solely on KPIs? How can you develop the right personal development plans for your people? How can you be confident that when you’re delegating responsibility, it is to the right person? How can you be sure that they are ready to rise to the challenge?
I’m the founder and CEO of YellowDog. We use a Talent Grid to help us answer exactly these kinds of questions.
Read on to learn what a Talent Grid is, how you can use it to empower your team, and why every early-stage business should use the grid to be successful.
What Is a Talent Grid?
A 9 Box Talent Grid looks like this:
There are variations but, on the whole, a 9 Box Talent Grid has performance on one axis and potential on another. You map both your people and your teams on it. Performance is quantitative: You can define it based on results. Potential is subjective—and this is where a management team tracking their people with a Talent Grid becomes very useful. It helps you create personal development plans and develop your business in the right way.
How to Use a Talent Grid for Personal Development Plans
The color codes are intuitive: green is good; everything is great… Read More
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