Today’s guest post is by Mike Figliuolo, co-author of Lead Inside the Box: How Smart Leaders Guide Their Teams to Exceptional Results . You can learn more about Mike and the book at the end of the post. Here’s Mike:

Erin joined your team about a year ago. She came in with many other candidates for a job opening and she impressed you in the interview. She was far and away the best candidate.

She has lived up to the high expectations she set in her interviews. She reduced the time it takes to deliver her service while improving her output’s quality. Since she reduced the time she needs to complete the main job you hired her to do, she’s been identifying new projects she can take on to help the team.

Erin is a joy to lead, but she presents you with a big leadership challenge. Her talent means she could move on to bigger roles. “Rising Stars” like Erin are fantastic team members – while you have them.

Approaches for Leading a Rising Star

For Rising Stars, follow an approach where you “Promote Internally.” The word “promote” has two meanings in this situation. No matter how much a Rising Star likes their current role on your team, you have to realize they aren’t likely to remain in it for long. They’re going to be looking for their next big opportunity soon.

It’s a huge mistake to be selfish and stifle a Rising Star’s aspirations to keep them on your team. Prepare them for their next move by helping them acquire the new skills they’ll need at the next level. Set a personal goal to get them promoted to a larger role that will take the greatest advantage of their potential for advancing their careers.

You owe it to your organization to find roles for Rising Stars that meet their career growth needs. Those roles should be within your organization. This is where the word “promote” takes on another meaning. You must not only be willing to let a Rising Star go to a new area in your organization – encourage them to do so and facilitate the move.

Educate Rising Stars about positions available across your organization and get a sense for what types of roles interest them. Advertise your Rising Stars as people who should be candidates for big roles other leaders are looking to fill.

Since talent attracts talent, ask Rising Stars to recruit their potential replacements. You can benefit from this approach of finding great new roles for Rising Stars. Talented people are often looking for their next great development opportunity.

If you build a reputation for helping talented people come into your organization, grow, and then move on to bigger roles, other high potential people will notice. Before you know it you’ll have a steady stream of high performers knocking on your door asking if you have any open roles on your team. They’ll do this because they’ll know they can come to your team for developmental opportunities. Not only will you not hold them back but you’ll guide them to their next great role after your team.

Once they do join your team, you’ll have productive team members delivering great results which, in turn, makes your results look fantastic. While in the short term it hurts to lose a Rising Star to a new role, long term it’s a great method for building a high-performing team.

The best way you can develop a Rising Star’s skills is to give them the space to run on their own to learn by doing. Who knows – they might teach you a thing or two.

Do you have a Rising Star on your team?  How do you approach leading them? If you want insights into how your behaviors drive your team members’ behaviors and how to lead them more effectively, take the Lead Inside the Box Assessment!