What’s Your Success Rate In The First 12 Months?
Out of the last ten strategic hires your business made, how many are still in position, or do you expect to be in place after their first 12 months?
When I ask this question, the majority of senior stakeholders say around 7.
They initially feel that this is a good number: 7/10 or 70%.
But flip that on its head for a moment.
That means they have a 30% FAIL rate of strategic hires within the first 12 months of working for their company.
I tend to follow up with…Why did those three people leave or fail?
The answer tends to come down to behavioural reasons rather than skillset, so along the lines of culture fit, attitude, performance etc.
If someone leaves within the first year, it costs businesses on average 3x their salary (cost of rehiring, retraining, damage to internal morale, damage to EVP etc.)
So, I’d like to think you’ll agree with me that it’s best to reduce risk and get it right the first time!
Ask yourself…Out of the last ten strategic hires your business made, how many are still in position, or do you expect to be in place after their first 12 months?
If it’s not 10/10, then there’s room for improvement. I want to show you how.
Book a call with me here.
Recent Posts
- We Feed Raw Appoints Valerie Manas As Director of Lifecycle Marketing
- Not On The High Street Appoints Ana Ilie-Jitianu As Head of Acquisition
- Natures Menu appoints Chris Rushe as CMO
- Mastering the Recruitment Process: A Guide to Closing Candidates With A Job Offer
- The Role of Digital & Growth Marketing Leaders in Direct-to-Consumer Companies
Recent Jobs
- Growth Director02/08/2023
- Senior Performance Marketing Manager20/07/2023
- Performance Marketing Manager (DTC / Paid Social focus)19/07/2023
- Director of Lifecycle Marketing11/07/2023
- Director of Growth06/07/2023
Archives
- September 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- August 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- November 2019
- September 2019
- May 2019
- February 2019
- January 2019
- December 2018
- November 2018