The Great Hiring Debacle Continues

The debacle of hiring (cf. external hires) continues unabated. In my experience, it’s getting worse by the day. And I see every hirer totally oblivious to the data. Here’s a couple of charts:

And some data from various sources:

New Hire Failure Rates (By Job Level)

Overall failure rate – What percentage of all new hires fail within eighteen months? “46%” (Source: Leadership IQ)

Hourly new hires – What percentage of all hourly employees quit or are fired within their first six months? “50%” (Source: Humetrics)

Managment new hires– What percentage of management new hires fail within eighteen months? “Between 40% and 60%” (Source: Harvard Business Review)

High managerial talent – What percentage miss the mark on high managerial talent? “In 82% of their hiring decisions” (Source: Gallup)

Executive new hires – What percentage of executive new hires fail within eighteen months? “Nearly 50%” (Source: The Corporate Leadership Council)

CEO failure – What percentage of new CEOs fail outright within their first eighteen months? “Nearly 40%” (Source: Centre For Creative Leadership)

Unequivocal success –  What percentage of new hires can be declared as an unequivocal success? “19%” or 1 in 5 (Source: Centre from Creative Leadership

(Table courtesy of Dr John Sullivan)

And you think you’re so smart?

– Bob

Further Reading

Griffiths, A. (2022.). What You Need to Know About Unsuccessful Recruitment and Ways to Improve Your Hiring Success Rate – Hirenest. [online] Available at: https://hirenest.com/blog/what-you-need-to-know-about-unsuccessful-recruitment-and-ways-to-improve-your-hiring-success-rate/ [Accessed 18 Jan. 2022].