Monday, March 5, 2012

Quote on Manager Failure Rate

"We've found that 40 percent of executives hired at the senior level are pushed out, fail or quit within 18 months. It’s expensive in terms of lost revenue. It’s expensive in terms of the individual’s hiring. It’s damaging to morale."

-Kevin Kelly, CEO of executive search firm Heidrick & Struggles, discussing the firm's internal study of 20,000 searches.

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