The Selection Process and How We Get It Wrong THE COSTLIEST MISTAKE ALMOST ALL BUSINESSES MAKE, including Jack Welch. Poor selection outcomes indicate businesses are measuring the wrong attributes. Many studies have shown that 30 % of Fortune 500 CEOs have lasted less than three years, with two out of five new CEOs failing in their first eighteen months. 50% of all C-suite hires fail within 18 Months. Annual C-suite turnover is 25%, but half of the outside hires fail, representing one or two mis-hires annually. A Harvard Business Review article states that CEOs surveyed ranked only 25% of their newly hired direct reports as contributing after 18 months. The NFL draft is even less successful. Despite an extremely rigorous selection process, over a ten-year period, 70% of first-round draft picks were considered useless or saw very little playing time. Twenty percent were considered marginal. https://lnkd.in/gDK7h2w2
About us
C-Suite Candidate Assessments.
- Website
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https://execperformance.co
External link for Center for Executive Performance
- Industry
- Professional Training and Coaching
- Company size
- 2-10 employees
- Headquarters
- Chcago, IL
- Type
- Privately Held
- Founded
- 2003
Locations
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Primary
Get directions
Chcago, IL 60660, US