onboarding

Do not leave the Onboarding if Executives to chance – Why you should consider Transition Coaching

Dirk VerburgLeave a comment

The statistics around executive transition failure rates of newly appointed executives are staggering: 

  • Nearly half of all leadership transitions fail (McKinsey)
  • Not only external hires fail: research from DDI shows that 35% of all executives promoted internally are considered failures
  • The costs of C-level failures are, in the vast majority of cases, higher than USD 2 million, but can be as high as USD 30 million. In their Harvard Business Review article, Claudio Fernández-Aráoz, Gregory Nagel, and Carrie Green estimate that the costs of mismanaged CEO transitions in the S&P 1500 alone already result in nearly USD1 trillion in market value loss on a yearly basis.

Unfortunately, the number of leaders and organizations that actually invest in addressing this problem is relatively small. And that is an issue for both the individuals concerned and their organizations.

Continue reading →

How to ensure successful leadership transitions – An interview with Michael Watkins

Dirk Verburg1 Comment

The statistics are sobering: not only do 49% of external executive hires end in failure within 18 months, but internal moves prove to be challenging as well. For instance, 40% of internal job moves involving high potentials also end in failure.

Besides the fact that these failures often have a traumatic impact on the individuals involved, the costs for the organisations are huge. Not only in terms of image and hiring costs but, more importantly, in terms of opportunity costs.

To find out why leadership transitions prove to be so hard, and what companies and individuals can do about it, I interviewed Michael Watkins for my Leadership 2.0 podcast.

Continue reading →

Millennials do not exist

Dirk VerburgLeave a comment
Picture Article Millennials.jpg

By Dirk Verburg

When reading social media postings, business magazines and consulting firms reports, it is easy to get the impression that the number one problem organizations are wrestling with is incorporating millennials in the workplace. However, there is strong evidence that the orientation of millennials does not differ from previous generations at all.

Who are Millennials?

Continue reading →