Last Updated Jun 12, 2008 1:33 PM EDT
- The Find: One-third of executives who transfer to a new company and
one in five business leaders who change jobs within the same company are not successful -- even after two years on the job.
- The Source: The new "Executive Transitions" study by The Institute of Executive Development and Alexcel Group.
- 36 percent of respondents reported is takes six to nine months for external new hires to get up to speed; 26 percent said more than nine months.
- For internal transfers, 47 percent said the usual ramp-up time was three to six months, though 25 percent thought it took significantly longer (more than six months)
- 30 percent of executives who join an organization as an external hire fail to meet expectations in first 2 years
The best ways to smooth the executive onboarding process, the report concludes, are simple but powerful: hire the right people in the first place, keep your expectations reasonable, don't neglect internal hires and identify problems early so they can be corrected with coaching or mentoring.
The Question: How long did it take you to get up to speed at your current jobs and what what would have sped the process?