Empower Your Leaders to Excel in New Roles
Why Executive Jumpstart Matters
Set your executives up for success from Day One. Executive Springboard accelerates the impact of your new leaders and sustains their growth for the long term. Your executive is matched with a mentor who has firsthand experience in their functional area, someone who understands their challenges, speaks their language, and shares real-world insights.
DDI World’s 2021 Leadership Transitions Report noted that 35% of internal promotions
to the executive level are considered failures. For external hires, the number is 47%. Among Executive Springboard mentees, 91% are still employed by their company after
18 months.
A failed executive hire can cost your company more than $4 million, factoring in recruitment, compensation, severance, re-recruitment, and indirect costs. Investing in the right onboarding and development support is critical to retaining your most valuable people and maximizing their potential.
- 41% of CEOs see onboarding as critical to employee retention.
- 45% of CEOs consider development programs essential for retention.
- Yet 53% of companies have onboarding programs lasting a week or less.
Sources: 2019 Vistage study, 2018 Korn Ferry study
KEY SUCCESS FACTORS IN NEW POSITIONS
We have studied why strong executives fail in new roles. Surprisingly, it has little to do
with their functional expertise. The difference between failing and excelling comes down
to these elements:
- – Coachability: Asking for and acting on feedback.
- – Emotional intelligence: Self-awareness and leading with empathy.
- – Cultural agility: Gaining the nuance of how things get done in the company.
- – Political savvy: Leveraging relationship dynamics that impact influence.
- – Change management: Finding the correct cadence that builds alignment.
- – Confidantes: Having a sounding board to overcome challenges.
