Effective succession planning
Planning how to shape the future leadership structure is crucial for a business to maintain growth and future funding. Effective succession planning gives a company a distinct advantage over their competitors and can impact long term employee retention.
Aligning leaders with company culture
Company culture is the primary factor keeping people and organisations together. Hiring decisions made on gut feel, experience and urgency can be catastrophic if it transpires later on there is not a cultural fit.
The cost of getting it wrong
CEOs are less concerned with the hiring costs and more concerned with the cost implications of getting it wrong. A bad executive hire can cause irreparable damage to a company reputation as well as average costs of up to 3 x the annual salary.
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