It's well understood that organizations are only as good as their leadership, and this is particularly true in the senior leader space. And the formal research in leadership development - especially at the executive level - speaks for itself. A 2020 Forbes article highlighted research conducted by the Corporate Executive Board (CEB) estimated that 50% to 70% of executives fail within 18 months of taking on a role, regardless of whether they were an external hire or promoted from within. We know that companies today are looking for better, more objective ways to select, develop, grow and engage their leaders and the risks associated with executive failure remains significant.
Metro & Wythe offers clients a variety of assessment and development offerings designed to address these challenges in a way that reduces bias, increases effectiveness and fosters a culture of trusted decision making Additionally, our readiness experiences are designed to increase the likelihood our clients see a return on their talent investment and increase the new leader's chances of success.
We provide clients offerings around one of the most critical junctures executives and their organizations experience: when the leader is new. Research consistently shows the extraordinarily high organizational cost incurred when a new leader fails. Fear of failure is also a concern for the executives themselves. A recent study by McKinsey showed that three-quarters of executives consider themselves unprepared for a position because of inadequate onboarding processes. These factors combined with a relative shortage of diverse, executive ready talent and a shift to nontraditional/virtual work have created a greater need to mitigate the risks associated with a new leader's entry and require a more thoughtful and deliberate approach to their early tenure in role.
Custom, robust onboarding plans
New Leader and Team Integration programs
New leader strategy and goal development
As the external environment continues to change, the skills, behaviors and competencies of required for leaders to be successful continue to shift. More than ever, organizations must be able to accurately and fairly assess the current state effectiveness of their people. Leader assessment is a particularity powerful tool when used in hiring and on-boarding new executives, as it addresses two of the most risk factors associated with new executive success: hiring fit and lack of role specific development. We offering the following services to clients in this area:
360 degree assessment (custom and external vendor designed)
Executive Development and Succession Planning
Many organizations are finding that the skills, behaviors and competencies required to lead are different than they were in the past. Additionally, their organizational structure and/or design may be changing in response to market change, business growth, or strategy execution. To support our clients, we offer the following offerings:
Data-driven, organizationally aligned development plans
Critical role identification and succession planning
If you would like to explore one or more of these options for your organization, please don't hesitate to reach out for more information. Note that Metro & Wythe can also craft custom talent solutions and experiences beyond what is listed above. In this instance, please feel free to contact us, and we will discuss with you your current talent needs.