Onboarding Design Build Attract
The most critical time in an executive s career is the first 100 days in a new role. Executives promoted or hired into new roles are expected to not only find their way, but lead from day one. Yet, statistics show that no matter how experienced an executive is, the challenges of transition are too great to overcome alone. Organizations that take a team approach to support executives during onboarding demonstrate a commitment to the executive s success, and mitigate the risk of losing an average aggregate cost of US$2.7 million when a new executive fails. Korn Ferry s Onboarding services ensure that your new executives have the resources they need to succeed and contribute faster. 1
Challenging transitions. 28% 28% of executives decide if they are going to stay or leave their job in the first week. 69% Those who participate in a structured onboarding program are 69% more likely to stay with their organization after 3 years. 6.2 It takes 6.2 months for a new executive to reach the breakeven point. 1 The only thing a new leader can do on his or her own after day 1 is fail. All success at the executive level requires a team effort. Sources: Chief Learning Officer, HR Magazine, Forbes Top risks for executive new hires: Not understanding how to get things done in the new organization. Failure to build trust in the organization; acting in culturally inappropriate ways early in their tenure. Not knowing what success looks like in the new company. Not staying in learning mode long enough to find the most effective ways to contribute. Lack of coaching and mentoring. Focusing on the technical aspects of the role and not enough on the social and political aspects. Over-dependence on what worked in the past. 2
Championed support. Onboarding support provides organizations and new executives the tools to navigate success. Korn Ferry Onboarding services create a holistic support environment for transitioning executives. We take a mentor-to-peer approach to provide practical, strategic and tactical guidance on integrating into new roles. Our programs are research based, leverage rigorous assessment tools and are tailored to each executive s specific needs. Korn Ferry champions your executives to mindfully address the hidden and apparent challenges of onboarding and effectively overcome them. Who benefits from onboarding support? Leaders promoted from within a team. Leaders hired externally. Managers working with a new team as a result of a merger, acquisition or restructure. Ex-pat assignments and repatriation. Leaders promoted or transferred into challenging teams or demanding business situations. Under-represented leaders. 3
Onboarding services. Executive Onboarding This service is designed to provide a unique and effective experience to accelerate executive performance and expedite contribution. Korn Ferry senior consultants work one-on-one with new executives from offer acceptance through the first 100 days. Together, they create and execute onboarding plans that address the most pivotal challenges the executive needs to address. This service is available as a cost-effective extension of our Executive Recruitment service. Accelerate new executives through the first 100 days: Insight & coaching Critically timed feedback Counsel on goal Identification Team insights Performance & integration enhancement Early warning indicators & hazard avoidance Initiate Calibrate Accelerate 4
Transition and Development Coaching In FS100 Coaching, executives work one-onone with a highly specialized executive coach for up to six months from their start date. Coaching focuses on the five agendas that leaders need to create a holistic approach to transition success. The goals are to accelerate time to performance, minimize naïve and costly mistakes, enhance two-way communication with the organization, foster better alignment with the team and stakeholders and safeguard the organization s investment in the executive. Leadership agenda Business agenda Relationship agenda Personal agenda Identify core values and principles; Set the tone for leadership; Demonstrate organizational savvy; Engage and inspire others Define strategic priorities; Understand and leverage key business drivers; Outline short-term and long-term action plans to accomplish significant results with speed and quality Establish positive working relationships with important stakeholders; Proactively network and build relationships to ensure long-term success Clarify life goals and values; Balance work life with family, health, fitness, and other priorities; Maintain motivation and focus Learning agenda Identify key strengths and weaknesses; Establish development plans to build capabilities where needed; Learn from experience Team and Diversity Onboarding SuccessPath focuses on providing critical support to under-represented executive hires by offering facilitated sessions with team members, direct managers and direct reports. The goal is to establish trust, collaboration, alignment and leadership priorities. It focuses on building key relationships and can be customized with flexible options, including ongoing executive coaching. Manager engagement Trust Team engagement Team engagement Collaboration Executive coaching Alignment Leadership 5
Why Korn Ferry? Our Onboarding services pick up where the recruitment process ends, and help some of the world s top organizations integrate newly hired or promoted leaders in a more structured and effective way. Focusing on the early stages of an executive s tenure, we reduce the time it takes for him or her to start making a meaningful impact, and maximize the leader s personal engagement with the organization and brand. Onboarding, not orientation. Onboarding is not the same as orientation. Consider whether your organization s internal process achieves the following: Identifies executives strengths and developmental areas, and ensures they have the key competencies for success. Brings role clarity. Accelerates integration with organizational culture, strategy, and leadership team. A combination of experience and evidence-based expertise. Our extensive experience in this area, combined with our comprehensive and ongoing research, means we know the elements that really count toward early success in an executive role. We also understand what kinds of support and guidance are likely to be most effective. Maps key relationships. Delivers critically timed feedback from key stakeholders. Offers counsel on goal identification. Provides early warning indicators and hazard avoidance. If not, Korn Ferry s Onboarding services are an effective way to protect your investment in executive talent during the most critical time in their careers. 6
About Korn Ferry At Korn Ferry, we design, build, attract, and ignite talent. Since our inception, clients have trusted us to help recruit world-class leadership. Today, we are a single source for leadership and talent consulting services to empower businesses and leaders to reach their goals. Our solutions range from executive recruitment and leadership development programs, to enterprise learning, succession planning, and recruitment process outsourcing (RPO). Visit www.kornferry.com for more information on Korn Ferry, and www.kornferryinstitute.com for thought leadership, intellectual property, and research. www.kornferry.com Korn Ferry 2014. All rights reserved.