And executive recruiter in Miami, FL can be the lifeline companies need when faced with a leadership loss. In a perfect world, a business would have a continuation plan in such a situation.
Succession planning makes a difference in keeping a business thriving after an executive’s resignation, firing, or death. An executive search firm in Miami, FL, may prove useful when a company lacks a succession plan.
Are New Executives Insiders or Outsiders?
A Harvard Law School report on CEO succession in 2021 found that over 66% were insiders, contributing to a need for an executive recruiter in Miami, FL. Although insiders are more familiar with certain company aspects, there are advantages to using outsider executives with fresh perspectives.
A woman owned executive search firm in Miami, FL can help when companies have sufficient internal talent. Strategic leadership advisory services from a minority owned executive search firm in Miami, FL can further assist in this entire process.
How Outside Talent Makes a Difference
The corporate executive world has a 60% turnover rate, with this number of executives leaving after 18 months. Many companies appoint insiders at the non-executive level to these positions, with mixed results that may not benefit the company.
An executive search firm in Miami, FL may help bring in the talent a company needs. Outsiders may have a skillset that makes a longer stay with a new company more likely.
Next Steps for Succession
If you’ve used a woman owned executive search firm in Miami, FL to fill your needs for executive positions, you’ve taken a critical step. The good thing about getting the help of a minority owned executive search firm in Miami, FL is that these companies can assist you with succession planning that ensures access to talent.
Contact M SEARCH, Executive Search & Leadership Advisory today.
