- External hires failure.
40% of senior-level external hires fail to meet expectations within the first 18 months, a very expensive practice!, (The cost associated could reach up to 10 times the salary of the new hire).
- Breakeven Point
According to a survey by Harvard Business School the typical midlevel manager reach a breakeven point in 6.2 months. The new leaders goal should be to reach this point as early as possible, becoming therefore a net value contributor to the organisation.
- Steep Learning Curve
The first quarter in a leader’s new position is critical to build credibility, establish productive relationships and generate early wins. At the same time this is a period when the leader is confronted with the steep learning curve of understanding the role, the stakeholders, the markets, the organization and its environment.
- Talent Retention
Talent retention is a priority in the current tight employment market. Talent retention strategies must start as soon as people join the organisation. Helping leaders to succeed in the first quarter acts like a springboard facilitating retention and assimillation into the organisation's culture.
The Crucial Quarter has designed solutions to accelerate the transition of leaders into new roles. These solutions will mitigate the risk of External Hire Failure and reduce the time for new leaders to become net contributors to the organisation. To find out how we can help us contact us here
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