Position Paper
Selecting senior-level top talent is more critical than ever. But how can you ensure you're making the right choices?
Hiring the right executive talent is crucial for driving organizations — and society — forward. However, it is a complex process that requires a thorough analysis of candidates' critical experiences, business mindset, skills and behaviors. Decision-makers face high stakes and must carefully evaluate candidates based on leadership abilities, strategic thinking and long-term potential.
In addition, the constantly evolving business landscape demands leaders who can navigate change, adapt to new technologies and drive innovation. Finding executives with the agility and adaptability to thrive in such an environment requires a solid assessment methodology to help organizations mitigate the risks associated with poor executive hires. These risks range from a direct financial hit to the ripple effects of missed opportunities, lack of innovation and reputational damage.
Without a thorough and scientific approach, the success rate of executive selection is alarmingly low. However, amidst these challenging realities, there is a better way. Well-designed executive assessments have the potential to create enormous value.
By prioritizing executive talent assessments and ensuring the methodology underpinning them is fit for purpose, leadership teams will be better equipped with the right skills, values and mindset to drive an organization forward.
While achieving absolute precision may be elusive, cracking the code of executive assessment will rely on adhering to the five imperatives:
Each one serves as a guidepost for a calculated strategy that enhances the likelihood of successful executive hiring, onboarding and, ultimately, positive change.
