A company’s desire and action to grow is often spurred by market demand and current results. Conversations take place at the executive table, recommendations are presented to a board, decisions are made and a plan is developed to realize this growth. Usually, the focus of the growth is financial, and although the human resource aspect is considered equally important, it is not given the same amount of due diligence to how this growth will be realized. Understanding what the current climate is and knowing where the organization needs to get to is crucial. So what are the 5 key areas that should be examined?
Legacy Bowes Group Articles
With the Grey Cup Championship just around the corner at the end of the week, the moment of truth for the final two teams – the Ottawa Red Blacks and the Edmonton Eskimos – has arrived. Next Sunday the real test of Team Dynamics will be apparent. All the individual training, the personal commitments and the individual talents of each player and coach better be at 100%, in a unified, true team effort in order to win the ultimate prize and be crowned the Grey Cup Champions.
One high profile incident regarding candidate recruitment and selection has popped up on our radar lately. More specifically, an internet technology specialist and newly nominated election candidate was forced to bow out of the campaign because of his less-than-desirable profile on the internet. Although several years old, his words continue to suggest a hatred for women and they have definitely come back to haunt him. Like lightning, he was struck down instantly. His future political job opportunity is now gone forever.
One of the key success factors that I pay attention to when conducting an executive search is that of corporate culture. Why? Because without cultural fit, your new candidate will ultimately fail. In fact, studies show that a senior executive who does not fit well with the organization culture will typically leave on their own and/or be transitioned out within eighteen months. As you can expect, this departure will come with a cost, anywhere between three and five time’s salary.