Cambridge Human Resource Group: Executive Coaching

Investments in hiring a new executive are amazingly high. With search fees at 30% of total cash compensation, possible relocation expenses, new hire orientations and a three to six month ramp-up time, most new executive hires can cost upwards of $500,000 or more. If that same executive leaves, another $100,000 or more can be added to this figure due to a severance package and outplacement services. However, studies have shown that approximately 40% of new executive hires do not meet expectations of their new company within the first 12 to 18 months. So with that type of investment sunk into your new hire, why wouldn’t you provide every available means to help him/her succeed and reap a return on your investment?

Cambridge offers the Executive Onboarding Program to improve a new executive’s understanding of goals and objectives of the job, to enhance the communication between a newly hired executive and his/her manager, and to improve the fit into the prevailing culture, values and environment. The Cambridge coach acts as a confidant of the manager and the new executive regarding issues, concerns and conflicts, while providing insights and action planning to deal with these matters. By giving a new hire this resource, you relieve some of the stress that often builds up in the first year of employment. The new executive’s productivity improves, his morale is contagious and he works to integrate himself fully into your culture.