Why do such a high percentage of new executives fail to achieve expectations?
Murray Hill, NJ (PRWEB) January 5, 2009
A new article published by the Society for Human Resource Management, (SHRM) reports that few organizations have any workable executive integration plan in place. Entitled, "Integrating New Execs Takes More than Name-Plate Change in C-Suit," the article is written by Tim Ruef, an executive with the retained search firm, Michael E. Marion & Associates, and included in the Organizational and Employment Development section of SHRM Online.
Commenting that between 30 and 50 per cent of executive appointments end in resignation, Ruef cites data indicating that the cost of these mishires to the organization can be as much as 15 times the amount of the executive's base salary when all costs are considered. Posing the question, "Why do such a high percentage of new executives fail to achieve expectations?" he reports that lack of an executive integration plan is a key factor. Differentiating between orientation, and integration, Ruef highlights the critical importance of the latter, and notes that very few organizations have any organized plan to facilitate smooth and successful executive entry. The author describes the typical path of executive failure without such a plan, and lays out actionable steps organizations might take immediately to reverse the trend.
About Michael E. Marion & Associates
Michael E. Marion & Associates Inc. is a management-consulting firm, founded in 1989, specializing in the search of executives for growth-oriented client companies engaged in the manufacture and marketing of healthcare, and consumer products and systems. The firm is pledged to the highest standards of professionalism and ethics, and provides client companies with timely, cost-effective and high quality executive search activity, worldwide. Supported by approximately 20 skilled and highly professional staff and support services for research and administration, it is the central mission of this firm to provide clients with executive search services reflecting the highest level of integrity, most balanced judgment and greatest sense of urgency.
Micheal E. Marion & Associates
908 771 9330