How many new executives are recruited with gusto, hired into an important leadership role at a new company—and then flame out within the first 18 months? Academic studies put the rate above 30%, and sometimes as high as half.
Creating a successful leader is not treated with the same intensity as creating a successful product or service. And yet executive hiring is a process with a clear workflow that can be tracked and optimized. What’s missing is someone to actively manage this executive transition. Call it “onboarding plus.”
An executive transition expert—someone fluent in competencies, experienced with senior teams, and well versed in what contributes to executive success—can guide a new executive through four key phases during the first 120 days of a new job.