Onboarding slashes executive failure rate
It’s not unusual for top companies to spend hundreds of thousands of dollars to recruit a new Chief Executive Officer who lasts less than two years. Roughly 40 percent of new executive hires fail within the first 18 months, according to Forbes. In that period, a $500K-a-year executive who can’t cut the mustard can cost his or her company $5 million in soft and hard costs, industry experts say. We like how Ray Williams summed up in Psychology Today the pressure cooker new...
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