FAST COMPANY: Why Your Perfect Hire Often Fails
Many executive hires fail because companies focus on finding a “Cinderella candidate” who looks perfect on paper but isn’t equipped for real-world leadership challenges.
After months of rigorous searching, you’ve found your ideal executive candidate. They tick every box on paper and seem perfect in interviews. But then reality hits: Your “Cinderella candidate” isn’t prepared for the real-world challenges of the role. Now what?
A popular study highlights just how common—and costly—this scenario is.
A 2015 research report from Corporate Executive Board found that 50% to 70% of leadership hires fail within 18 months. And that can cost the company one-half to twice the hire’s annual salary, according to a 2019 Gallup report.
Given the high levels of remuneration, the financial impact can be even more severe at the executive level.
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About Shawn Cole, President Cowen Partners
Executive Leadership expert Shawn Cole is an entrepreneur with over 20 years of leadership in creating and growing successful ventures.
As President and Co-Founder of Cowen Partners Executive Search, he has a proven track record in executive search, placing top talent across Fortune 1000 companies and innovative startups.
About Cowen Partners Executive Search
Cowen Partners is the nation’s executive search firm, enabling companies to harness the power of human capital to fuel their success.
Our experienced executive recruiters give clients access to the top 1% of human capital to create opportunities that accelerate their growth and market share. With Cowen Partners, clients can grow at scale, create value, and drive results with world-class talent. Our clients are both small and large, publicly traded, pre-IPO, private, and non-profit organizations.
Clients are typically $50 million to multi-billion dollar revenue Fortune 1000 companies or have assets between $500 million to $15 billion. Successful placements span the entire C-Suite and include VP and director-level leadership roles.
With our proven processes and guaranteed results, we have successfully placed hundreds of candidates in industries including technology, healthcare, manufacturing, retail, financial services, and private equity. Explore the industry-leading resources, C-suite news, and corporate insights below to see why Cowen Partners continues to be a trusted leader in executive search across nearly all industries.
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