Evolving
Executive Transition Coaching – The First 90 Days
Another key ‘moment of truth’ in business – capturing
and then
successfully integrating talent. Every organisation faces the significant
challenge involved in transitioning new executives and realising
the
return on investment
However well the skills and experience of the new recruit do actually
fit w
ith the requirements of the job, they will always have to deal with
the
unfamiliar culture, processes, systems and people of the company
that
they have moved to. This is one of the major factors that
makes new
recruits highly vulnerable in their first few months in a position,
because
they lack detailed knowledge of the challenges that they will face
or
what it will take to succeed in meeting them
The degree to which the initial 90 to 120 days in a new job are
absolutely
critical is seldom recognised. Despite the enormous effort
and expenditure
committed to the selection process, what follows is often overlooked.
Actions taken during this period have a disproportionate affect
on the
ultimate success that somebody is likely to achieve; in particular,
failure to create forward momentum in this period virtually guarantees
that the remainder of the time in the job will be a struggle
To compound the issue, there is also a significant knock-on effect
of any
change of leadership: the percentage of existing teams that will
still be
working for a new manager at the end of two years has been assessed
to be around 20 percent. Can your business afford it?
Recent studies decree that 40 to 50 percent of senior outside
hires do not achieve desired results. And each time a new
person fails, the cost of replacing them has been estimated
to be anywhere between 1.5 and 40 times base salary.
Can your business afford it?
Your business has made a major investment, the objective should
now be to maximise on it.
The Evolving Executive Transition Coaching programme is one of
the
most effective and proven means of delivering this ROI. By
providing
direct and personalised support, based on a proven approach to taking
charge quickly and effectively, the programme will greatly
increase
the likelihood of new recruits performing well and dramatically
improve the average return on investment in recruiting activities.
|