The first few weeks and months of an executive’s tenure are critical. Getting it right can dramatically accelerate the transformation of a new recruit or promotion into a fully functioning business leader. But getting it wrong can be very costly.
In fact, recent studies indicate that 30-50% of newly hired leaders fail and leave within 18 months. Failure to establish key relationships and failure to align with company culture are indicated as leading factors that derail new executives early in their leadership roles.
Organizations that spend thousands or hundreds of thousands of dollars in efforts to recruit key talent, recognize the critical importance of ensuring cultural fit as part of the hiring process. But often, the rigor, focus and attention given to the recruiting process don’t seem to carry forward to a solid commitment to assimilate and positively onboard new executives.
Executive onboarding is far too important to leave to chance. The stakes are high for the individuals and the corporations involved. The impact on revenues, employee morale and the company’s corporate image when an executive fails in a newly-assigned role are felt by the organization long after the executive has departed.
Onboarding, not orientation.
Onboarding is not the same as orientation. Consider whether your organization’s internal process achieves the following:
- Identifies executives’ strengths and developmental areas, and ensures they have the key competencies for success
- Brings role clarity
- Accelerates integration with organizational culture, strategy, and leadership team
- Maps key relationships
- Delivers critically timed feedback from key stakeholders
- Offers counsel on goal identification
- Provides early warning indicators and hazard avoidance
The Solution for Success
Our Onboarding services pick up where the executive search process ends, and help organizations integrate new executives in a more structured and effective way. Focusing on the early stages of an executive’s tenure, we reduce the time it takes for new executives to start making a meaningful impact, and maximize the leader’s personal engagement with the organization and culture. We believe in customizing our program to our clients needs and work with new hires and internal promotions.