/PRNewswire/ – How important to you is the success of your latest executive hire?
The startling statistic is that the new leader failure rate consistently ranges from 40 to 50%. Half of new senior leaders fail to succeed in their roles. Many who fail do so within their first two years. As outlined in The Leadership Crucible’s white paper on Executive Integration, this costs the firm not only in profitability but also:
“The tragedy is that most organizations adopt a ‘sink or swim’ approach when it comes to onboarding senior leaders,” Says The Leadership Crucible’s Michael Burroughs, author of Before Onboarding: How to Integrate Leaders for Quick and Sustained Results. “On the other hand, the best firms adopt a structured approach to senior leader onboarding that takes the guess work out of integration and accelerates the time to performance in the new role,” says Burroughs.
The outcomes of executive integration are to:
“Our proprietary executive integration process addresses the challenges of senior leader onboarding in order to achieve specific organizational objectives and make the new leader successful over the short and long term,” says Joe Scherrer, President of The Leadership Crucible. “We use seasoned ‘coach integrators’ who partner with the firm and the new leader over a 120 day period to manage the transition and lock-in results. In short, the process works.”
Source: The Leadership Crucible
Author believes that a more precise understanding of what exactly gives someone good judgment may make it possible for people to learn and improve on it. He interviewed CEOs at a range of companies, along with leaders in various professions. As a result, he has identified six key elements that collectively constitute good judgment: learning, trust, experience, detachment, options, and delivery.
Hiring has exceeded pre-pandemic levels in many markets and the shortage of skilled executives has put pressure in the increasing competition for top talents. If you have specialized and high-demand skills, for example on ESG, sustainability or bio-research, and a solid record of experience, you are well positioned to negotiate your salary.
We’re kickstarting 2023 with exciting news for Borderless as we welcome Agnieszka Ogonowska as a Partner. Agnieszka, who joined Borderless six years ago, has 17 years of experience in executive search working with senior leaders across the Life Sciences, Chemical Value Chain and Food & Beverages industries.
