Shareholder confidence, organizational effectiveness, and employee engagement are just a few of the immediate benefits of the right hire. However, the risks associated with an unsuccessful hire can be catastrophic. Widely cited research indicates that nearly half of new CEOs don’t make it past 18 months, and the costs of replacing them are staggering.
The cost of a bad hire can include:
Duplicated recruiting investments for the replacement
Economic uncertainty for shareholders
Instability in customer/client relationships
Diminished employee morale
These risks can be reduced by working with the right executive search firms. Business leaders minimize risk when working with an AESC Member. AESC membership is highly selective with a rigorous review process using global due diligence standards. AESC Members commit to AESC’s Code of Professional Practice, providing assurance to organizations worldwide and minimizing risk in executive hires.
Our Members partner with organizations worldwide of all types and sizes to serve as long-term trusted advisors. AESC Members offer an array of executive talent solutions, and successfully identify, recruit and retain nearly 70,000 top leaders each year.
AESC Members have access—across industries and geographies—and the expertise help clients achieve a competitive advantage.