Far too often executives entering new roles fail. Even the most talented leaders can start slow, stumble, or crash and burn!
Given the importance of leadership success to companies and the investment of time, money, and energy that typically goes into hiring senior leaders, why do we let this happen? And more importantly, what can we do to ensure leaders are on the right track and making an impact at an accelerated pace?
Simply put, the odds are stacked against new leaders. Here are a few scenarios we see over and over:
And these are just a few of the situations we see. It’s no wonder that the success rate for new executives is so low!
Fortunately, there are proven measures we can take to increase the impact of new leaders.
A few basics should not be overlooked. A 90-day road map, written in partnership with the CEO and CHRO, will clarify expectations in the early stages. Biweekly check-ins with the CHRO provide a structured forum to help navigate new relationships and nuances of the culture. New executives, in a desire to project confidence and competence, sometimes make the mistake of forgoing these opportunities to build and leverage key partnerships. Don’t fall into that trap.
Beyond these basics, the most important steps are to:
The start date for a new leader may end the hiring process, but it’s just the beginning of the work needed for the leader to optimize their value. Investing in the process of onboarding and integration puts the person on course to have a big impact fast.
In future installments we will expand on each of these elements, providing tips and tools for new leaders to effectively carry out the steps that lead to a successful transition.
Ted Freeman has 20 years experience as an organization development consultant and HR executive. Based in New York City, Ted works with clients in the areas of leadership development, organizational effectiveness and executive coaching. Most recently, he served as the Chief People and Culture Officer at EILEEN FISHER where he led development and execution of a comprehensive strategy for transforming the business model, supply chain operations, technology and culture.