An introduction to Executive Springboard, covering the risks and costs of failed executive transitions, the Executive Springboard process, mentor qualifications and track record.
2. We are Executive Springboard
2
Executive Springboard combines external
mentoring with a proprietary onboarding
process, accelerating a leader’s impact
and sustaining it long-term.
3. The Executive Hiring Coin Flip
3
About 50% of executive
hires fail within 18
months
Sources:
Gartner, Corporate Leadership Council, Harvard
Business Review
4. Assumes base salary of $250,000, 40% bonus, 6-month severance, and failed hire left after 1 year.
*Indirect Costs range from 2.5 to 10x base salary; we used 6x multiple above.
Indirect Costs Include*:
• Lost revenue
• Damage to customer
relationships
• Loss of key employees
• Lost morale
• Lost continuity
• Management time
The Costs of Failed Hires
4
5. 75% say that mentors
played a key role in
their career growth
77% of companies say
mentorship boosts
retention & performance
Increases likelihood
of mentee promotion
by 500%
The Benefits of Mentorship
5
Sources:
Assoc of Talent Development, WeSpire Blog, Monster.ca, Chronus.com
6. Internal mentors
are seldom available
to executives
Board level mentoring
is often not intensive
enough
External coaches may
lack credibility from
leadership experience
Quality Mentorship is Rare for Senior Execs
6
7. … and so is Adequate Onboarding
90%
72%
69%
47%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Retention is vital Onboarding criticl to retention Have onboarding programs Onboarding >1 week
Companies' Onboarding Programs
90%
72% 69%
47%
Source: Korn Ferry
8. The Executive Springboard Difference
• Proprietary onboarding process delivered by mentors
• Shared functional experience
• Sounding board on business decisions
• Confidentiality allows exec to open up
• Money-back guarantee
9. • 80+ current and former senior executives
• Minimum 6 years as an officer
• Long history of serving as internal mentors
• Over 15 functional areas and 10 countries
• Fortune 1000 companies
Confidential mentoring allows executives to
speak freely and be advised by experienced
leaders in their industry
Executive Springboard Mentors
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11. Onboarding Process
1 3 5 7
2 4 6 8
Situation
Analysis
interview
Mentor
selection
Initial
mentor/mentee
call
Pre-session
work
assignments
16 video
mentoring
sessions
Access to
mentor between
sessions
3 mentee
feedback
surveys
2 stakeholder
progress
interviews
12. Executive Springboard Gets Results
• 98% of mentees still employed at the end of 8-month onboarding
• 91% of mentees still employed after 18 months
• Net Promoter Score of 55
• 70% of mentees’ stakeholders report progress ahead of expectations
• 27% of mentees promoted within 18 months
• 18% of HR business partners promoted within 18 months
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13. Mentorship Plans
• 8 months of mentorship
• 2 video calls with mentor/month
• Regular email/text communication
• Multiple performance assessments
• Assimilation plan/90-day plans
• Mentee feedback surveys every 3 months
• All base plan services, plus:
• Hogan Assessment
• Stakeholder alignment interviews
• New manager Assimilation Workshop
• 360-Degree feedback
13
Base Plan Gold Plan
14. Search Firm Partnerships
• 16 boutique retained search firms
Generalists
Vertical and functional specialists
US and global reach
Searches conducted by owners, senior consultants
• Onboarding integrated into search for price of search alone
• Information shared by search firm & Executive Springboard
Corporate culture
Candidate description
Used to accelerate mentorship
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15. Mentoring beyond Onboarding
• Expanding functional best practices
• Strategic advisory and sounding board
• Challenging paradigms
• Enhancing role as leadership team member
• Diversity, equity and inclusion
• Career progression