The chance of a failed hire is a coin flip Heidrick & Struggles conducted a study of 20,000 senior executive placements and found that 40% failed within 18 months. A failure meant the executive left, was asked to leave or was performing significantly below expectations. Want more bad news? A failed hire can cost 6 times salary or more. A bad CEO hire in a start-up can doom a world-changing idea. It’s not the search firm’s fault A perfect match doesn’t guarantee a good marriage; you must work at it. A headhunter will find the candidate who checks off
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