The Industry Average for New Executive Search Hire 18-Month Retention is only 60%
These are the facts directly from the Industry:
– Heidrick & Struggles, former CEO Kevin Kelly revealed results of an internal study of 20,000 executive searches conducted by his firm: “We’ve found that 40% of executives hired at the senior levels 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”.
– Respected research, best practice, and training organizations such as the Center for Creative Leadership and the Corporate Executive Board’s Corporate Leadership Council have published similar results ranging from 40-50% failure within the first 18 months.
– Former Harvard Professor, author of The First 90 Days, and industry guru, Michael Watkins, published research results reflecting an even worse condition with 58% of the highest-priority hires, new executives hired from the outside, failing in their new position within 18 months.
Millions of dollars have been wasted on 40% bad hires. Don’t be part of this statistic!
HansenBack Has a 97% 18 Month Retention Rate
We are a boutique firm that specializes in successful placements. Here are our actual results over the last few years:
|Industry||Position||Retained After 18 Months|
|Healthcare||VP of Finance||Yes|
|Academia||VP of Finance||Yes|
|Healthcare||VP of Audit||Yes|
|Food Manufacturing||Director of IT Infrastructure||Yes|
|Non Profit||Dir. Of Business Performance||Yes|
|Food Service||VP of HR||Yes|
|Food Service||Dir of Business Development MW||Yes|
|Food Service||Dir of Operations SW Region||Yes|
|Medical Technology||Director of Network Services||Yes|
|Food Service||Dir of Business Development SW||Yes|
|Food Service||VP of Marketing||Yes|
|Technology Distributor||Director, Applications Development||Yes|
|Non Profit||VP of Finance||No*|
|Manufacturing||Director, Materials Management||Yes|
|Global Member Association||CFO||Yes|
|Technology Distributor||VP Applications Development||Yes|
|Global Member Association||Dir of Publishing||Yes|
|Global Member Association||CEO||Yes|
|Manufacturing||Dir of HR||Yes|
|Printing||Chief Culture Officer||TBD**|
|Global Member Association||VP of IT||TBD|
|Global Member Association||VP of HR||TBD|
|Global Member Association||Marketing Leader||TBD|
|Global Member Association||Web Director||TBD|
No* – a special situation that was not hire/fit related. TBD** – executive has not yet reached 18 months in role.
We love to discuss our Clients success – Call us at 651-353-1587 – and we will walk you through these placements.
Client Success Stories
“Brian’s passion, integrity and commitment to his work is infectious, and his unique ability to meaningfully connect with people, priceless.”
“Brian took the time to understand the Vision, Values, and Culture of our company. He became a member of our team communicating our story and Vision to potential candidates.”
“I first met Brian four years ago as a candidate and subsequently worked with him as a client. Both experiences were extremely positively. As a candidate, I found him to be extremely knowledgeable of the client and its culture, exceptionally responsive and insightful. As a client, I found Brian to be very thorough, timely and wholly committed to finding the best fit for our positions.”