Former Top-Level Executives Face Three Tough Transition Hurdles
Kirby, Bill, The Commercial Appeal (Memphis, TN)
CEOs and other top-level executives who lose their jobs usually need to overcome three big hurdles before they can get on with their careers, according to a survey by OI Partners-Russell Montgomery and Associates. These obstacles are inability to understand their real strengths and weaknesses; long service with one company; and trouble accepting they may not be top-level executives at their next employer.
What former top executives need most to help them make a successful transition are an objective evaluation of their leadership styles; coaching in new management techniques; and better methods for motivating and engaging employees, according to the survey of human resource professionals from 243 companies.
Impartial evaluation: Six out of 10 companies agreed that senior- level executives they have let go have needed an impartial evaluation of their leadership styles and behaviors.
Management coaching: More than half of companies said the executives need coaching in new management styles and need to work on motivating and engaging employees.
Strengths and weaknesses: Almost half of companies said the executives' inability to understand their real strengths and weaknesses is a major barrier to transitioning to another employment opportunity.
Tenure an obstacle: Long-service with one organization was cited as a potential transition problem for the executives by almost half of companies.
Lower level: One-third of companies said their former executives had trouble accepting they may not be at the top-level with their next employers.
Since they have reached the highest levels of management, many former C-Suite executives have not received an objective critique of their leadership styles and behaviors and the ways they manage. …