A bad hiring decision can be one of the most expensive mistakes a business can make. Outside of the costly financial impact, the wrong hire at the senior level, in particular, can cause long-term damage to your company, including negative brand reputation, decreased morale, low productivity, and higher turnover rates, among other hard-to-fix problems.
That’s why finding the perfect fit for each leadership position the first time and partnering with an experienced executive search firm is critical to avoiding the financial and cultural burdens of the wrong hire.
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