There are numerous studies, researches and calculations to illustrate the cost of mis-hiring that companies worry about. There’s hardly a study that speaks of the cost of getting mis-hired for a candidate. That’s a surprisingly one-sided view of the situation. A mis-hired leader stands to suffer equally or more if the assignment does not work out for the person.
The most common reasons for an early disappointment I see are a misunderstanding of level (vis-à-vis rest of the peer leadership team), role clarity (expectations), team size (adequate resources to support the function) or clarity of the position vis-à-vis similar or overlapping functions. In few cases the reason turns out to be a mismatch of ethical values, strong disconnect on company culture or a misrepresentation of company’s financial health. These are the most crucial reasons why a candidate feels compelled to leave an assignment within a short time of joining. Worse still, the hiring company may let him/her go. But whatever the time spent together, on the candidate’s part it’s an increasingly demotivating and frustrating tenure. As much as it can result in missed opportunities for the company, it can be equally career damaging, sometimes permanently, for the candidate.
Hence it is imperative on part of the candidates to probe deeper into an opportunity presented. It’s also important to remember both – the reasons why one is taking up the job and the reasons that compel one to leave (past experiences). If they are not in sync one needs to rethink. This is where an Executive Search Partner plays an extremely crucial role as well. Whether it’s questioning the hard facts or gaining an understanding of the softer aspects w.r.t culture and attitudes, an Executive Search consultant’s assistance is irreplaceable. And they can do so only if they understand the industry, the business and have a strong relationship with the hiring company.
Hence it’s vital not just for companies but also for candidates to choose the right people to take them to the right opportunity.