How Leader OnBoarding Drives Value

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An introduction to New Leader OnBoarding, and risk-management practices that can lead to success.

Published in: Business, Technology
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How Leader OnBoarding Drives Value

  1. 1. How Leader OnBoarding Drives Value
  2. 2. Why OnBoarding? The cost of executive derailment is high. Even if you hire the perfect candidate, there is no guarantee of success. Companies struggle to understand why New Leaders fail, and the cost can be incalculable. The increase in New Leader job complexity and performance expectations only raises the stakes. New Leaders intent on delivering results early in their tenure walk a fine line between success and failure. Available solutions may be inadequate. Typically, either a generic company onboarding process or external coaching by someone who lacks proficiency in this particular area can miss the mark. 2
  3. 3. The Benefits of OnBoarding New Leader retention rate of over 91% With full coaching , New Leaders remain in their positions at least 18 months post-hire. Over 70% of New Leaders perform at or above expected levels in talent reviews within 6 – 12 months of hire. Ramp-up time to full performance decreased by over 27% (defined as 80% proficient in role). OnBoarding as a riskmanagement process: success stories. 3
  4. 4. $$           Cost of New Leader Failure Recruiting Relocation Training and development Morale and engagement Turnover of other staff members Termination Mistakes Missed opportunities Re-recruiting for replacement Can cost hundreds of thousands of $$ $$ Try our Cost of Turnover Calculator 4
  5. 5. Engineering New Leader Success The Power of OnBoarding Feedback Culture and role “fit” is not just a responsibility owned by the New Leader. Organizations must understand that they play a part in the onboarding process as well. 5
  6. 6. Engineering New Leader Success The Power of OnBoarding Feedback Like properly meshed gears drive a machine, timely, foc used feedback drives New Leader success. 6
  7. 7. Engineering New Leader Success The Power of OnBoarding Feedback New Leaders need feedback to avoid derailment, ramp up faster, and perform at higher levels. 7
  8. 8. OnBoarding Tools Used in conjunction with our consulting services, Leader OnBoarding Portal is a webbased process-management tool that helps organizations deliver a customized and comprehensive OnBoarding system for their New Leader. LevelSet: Early Feedback and LevelSet: Internal Moves are powerful online survey tools that gather critical information on a New Leader’s performance. With this insight, the New Leader can course-correct ineffective behavior before it leads to derailment. Developed in partnership with Denison Consulting, Culture Snapshot is a risk-management tool that helps New Leaders to rapidly understand the performance climate of their operation. Armed with this information, they can identify performance challenges and target the right actions. 8
  9. 9. To Learn More About OnBoarding  Visit our website: www.leaderonboarding.com  Visit our blog: www.leaderonboarding.blogspot.com  E-mail us: info@leaderonboarding.com  Call (toll-free): 877.733.7310  Follow us: 9
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