Executive Springboard can accelerate your new executives' impact and sustain it long-term. Your executives are matched with mentors who have sat in their functional chairs, who share their experiences and who speak their language.
Executive Springboard provides a key component in retaining your most important people. Through a proprietary process we call LEAP, our mentors help your execs adapt to your culture, build social awareness and develop critical relationships. They also provide counsel to the business decisions your leaders face, enhance hard skills and offer strategic advice.
Executive Springboard provides a key component in retaining your most important people. Through a proprietary process we call LEAP, our mentors help your execs adapt to your culture, build social awareness and develop critical relationships. They also provide counsel to the business decisions your leaders face, enhance hard skills and offer strategic advice.
Why do you need Executive Springboard?
Because half of senior executive hires fail within 18 months.
|
Global search firm Heidrick & Struggles conducted a study of over 20,000 placements and found that 40% failed within 18 months. Other sources set the risk of failure even higher than the Heidrick study, up to a 60% failure rate.
There are similar chances of leaders flaming out in other situations: internal promotions to senior roles, business unit "lane changes," reorganizations, relocations, repatriations or the integration of acquisitions. We work to integrate leaders into all these cases. Companies report that only 11% of these failures are due to execs lacking the requisite skills to do the job. The vast majority of the time, leaders are derailed by people issues. With Executive Springboard, you can reduce the risk of failure. |
"Forty percent of executives hired at a senior level are pushed out, fail or quit within 18 months. It's expensive in terms of lost revenue. It's expensive in terms of the individual's hiring. It's damaging to morale." --- Kevin Kelly, then CEO of Heidrick & Struggles |
Because an executive failure is costly.
Because our work is critical to executive retention.
- 41% of CEOs regard onboarding as critical to retention (2019 Vistage study)
- 45% of CEOs view development programs as critical to retention (2019 Vistage study)
- 53% of companies have onboarding programs that last for a week or less (2018 Korn Ferry study)
With Executive Springboard, your executives will develop the functional and assimilation skills needed to succeed. As important as it is to get off to a great start, it is even more imperative to sustain leadership impact long-term.
Because you can turn onboarding into SPRINGBOARDING:
- accelerating impact
- improving retention
- building your brand,