The Cost of a Bad Hire
What is the true cost of a bad executive hire?
Industry experts suggest a minimum of 30% of the annual salary, others say it can be as much as 2.5 times the annual salary.
Either way, it’s a lot of money so the stakes are high.
Not just financially disastrous, it’s the negative impact on team culture, customers, productivity, and market reputation.
CEOs we work with say the current market is tough and attracting quality executives challenging.
The business world has changed. We are operating in times of uncertainty, complexity, and change.
Character-led executives with purpose and values, significantly impact organisational success.
They are the game changers.
You want transformative, high-performing executives, not just those who are available in the market.
So how do you find them?
Standard recruitment, talent acquisition, job boards, or network referrals only get you so far.
Partnering with an expert search firm with a track record of results vastly enhances the probability of a successful outcome.
There are advantages partnering with a specialist search firm:
You need transformative hires. Stop settling for second best.
Mitigating risk requires rigour and discipline. It’s too important to get wrong.
Find that needle in the haystack, with the right mix of skills, attitude and culture fit.
Access people who can grow with your business for future impact.
Confidentiality is paramount when replacing underperformers.
Incorporate diversity to ensure equal opportunity for candidates.
Market research/mapping builds bench strength for future hires.
You don’t have the time or expertise to do the job properly.
Exhausted your network? Tap into the most networked people in business.
Taking too long to hire. You need to super charge the deadline.
Partnering with a specialist search firm is worth the investment.
The ROI is immense.
An expert search firm is able to get a candidate’s attention, engage with them, and articulate your opportunity and to why they should consider it.
They are hunters, not collectors.
Cultivate Search Group is a specialist CFO search firm.
It’s what we do best.
Our success is founded on trust, tenacity, and transparency.
We have a personal commitment to achieving a quality outcome, and exceptional customer experience.
We develop bespoke search strategies aligned to your unique corporate culture, leadership dynamics and business purpose.
We have a 100% placement success rate, with 94% of senior executive candidates staying longer than 2 years.
In short, we find exceptional finance leadership who stay longer and perform better.
What’s been your experience as a client or candidate?
We’d love to hear what you think?
If you're looking for a transformative CFO, we need to talk.
Check out our website. https://www.cultivatesearchgroup.com/