A recent study (Borsin and Associates, 2008) reported that 64% of new leaders fail at their jobs within 18 months. In 2007, a study in Harvard Business Review suggested that replacement costs can exceed $1.5 M for a C-level executive and almost $400K for mid-level managers. And even when leaders do succeed, it typically takes 6 months for them to become productive.
ParCon can help you dramatically increase your new leader success rate, while reducing their time to productivity by up to 50%. Our hard-hitting and cost-effective new leader assimilation and on-boarding processes compress the learning curve, accelerate cultural assimilation, and create aligned expectations -- your new leaders hit the ground running, add value earlier, and succeed more often.
