Article:
It’s a commonly reported statistic that nearly 50 percent of newly recruited leaders in established markets fail in the first eighteen months; this trend is very often exacerbated in cross-border, cross-culture appointments. The true cost of these failures ranges from the financial (ten to fifteen times
compensation package) to the emotional (damage to corporate leadership, employee morale and commitment). Assuming a six-figure talent pool, costs can easily approach an average of US $500,000 per candidate.
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