The secret to successful external hiring: building an on-ramp

Bringing in an external hire for a leadership position — or any position — can be tricky. Even family businesses, though, must at some point look outside of their own walls for good people. The trick is finding the right person and successfully onboarding them. Finding the right candidate, though, is only the beginning. Successful external hires are the result of months and even years of integration into the company and its culture — and it’s not always easy. In fact, the failure rate for external hires in the first two years ranges from 40-60%.