The Real Cost of a Bad C-Level Hire
The cost of a bad C-level hire is rarely the salary. It is the eighteen months of optionality the company loses while the wrong person occupies the role.
What the cost actually includes
- Eighteen to twenty-four months of lost time
- The senior leaders who leave because of the wrong hire
- The decisions delayed or made badly
- The credibility cost of the next search
What boards can do differently
- Run an honest search against the company the board wants to build
- Reference candidates against operators who have actually worked with them
- Compensate against outcomes, not against optics
https://niklaslindahl.com/essays/the-real-cost-of-a-bad-c-level-hire