** Making connections with the right people ** Learning specifics of the business ** Obtaining clarification of expectations ** Clarifying and understanding cultural identity ** Identifying key job fit issues at this level
Identifying learning priorities
Identifying executive's risk profile
Identifying cultural alignment issues
Identifying corporate job expectations and devising 90 day strategies
“Despite having a name only a consultant or HR professionsal could love, onboarding is also know as management integration or worse, assimilation coaching—the practice is taking off.
Key Benefits of executive onboarding which the article does not address:
1. Organizations are investing significant amounts or time and money in the process beccuase data shows that CEO failure rate exceed 40% . Given the very high CEO compensation packages, failure of a key leader can cost an organization big bucks. Not to mention internal CHURN—loss of barnd image, strained key customer loss and loss of potential sales.
2. Executive onboarding is like insurance and a tool to help mitigate risk. Like any good insurance policy it protects the executives success and coporate profitability.
3. The trend is emerging now because companies want to help their newly hired executives get “in the saddle” or hit the ground running” and performing at high levels.
Here's an recent article from the Economist about the value and benefit of helping new leaders through their first 90 days with acceleration transition experts.
"With increased turnover comes reduced tenure in the top job—and, indeed, in other senior positions. Executives are now being judged more quickly than ever, it seems. This trend has spawned a business designed to help newly appointed corporate leaders to hit the ground running. “The average CEO is in the job for under four years now,” says Rich Rosen of Heidrick & Struggles, a recruitment firm. “So firms are looking for a new CEO to make a quicker impact, and are prepared to invest in making sure it happens.” Reflecting the management industry's addiction to jargon, this process has been named “onboarding” (that is, helping a new executive successfully climb on board)."