Guest Post: You’ve hired your new Chief Executive Officer, now what? How to maximize your Return on Hiring Investment by Tom Magyarody

Hayley Becker

Hayley Becker

Mirams Becker is pleased to continue our inaugural Guest Post Series on topics relevant to Leadership in Healthcare. 

You’ve hired your new CEO (or Healthcare Executive), now what? How to maximize your Return on Hiring Investment by Tom Magyarody

Tuesday November 26, 2024

Hiring a CEO or C-Suite Executive is just the beginning of a successful leadership journey, but it takes ongoing guidance and support to ensure they stay on track. Comprehensive 360 FeedForward Process coupled with Executive Coaching Services can be invaluable to new leaders, and are designed to strengthen leadership and drive organizational success.

Invest in Ongoing Executive Development

A Board’s most critical responsibility is hiring the right CEO and Executive Team to lead strategic and operational goals. However, simply making the right hire isn’t enough. Without continued attention, even the best leaders may not thrive, leaving organizations to miss opportunities for growth and progress. That’s why ongoing leadership development is essential.

Think of it like planting a tree—you can’t just plant it and walk away. It requires constant care to ensure it grows strong and aligns with your organization’s needs. The same applies to newly hired executives. Without nurturing, feedback, and direction, initial leadership impressions can solidify into long-term challenges.

Focusing on Return on Hiring Investment (RoHI©) not only enhances the attraction and retention of your key executive talent but also drives overall organizational success. By prioritizing effective leadership integration, you significantly reduce the frustrations, costs, and disruptions often associated with repeated hiring processes. This proactive approach ensures that your organization remains agile and capable of navigating the challenges of leadership transitions while maximizing the value derived from each executive hire. Investing in RoHI © translates to a more stable and engaged leadership team, ultimately fostering a healthier organizational culture and improved performance outcomes.

TSM Executive Coaching and Consulting has partnered with Mirams Becker to offer several effective onboarding programs:

  1. 360 FeedForward Process – Measure and Improve
    Our RoHI© 360 FeedForward Process is designed to provide essential feedback to your executive team within the first 6-9 months, ensuring early-stage course corrections and ongoing leadership development.

 Key Deliverables:

    1. We initiate the process by meeting with the Board Chair and CEO or C-Suite Executive to outline key objectives.
    2. Conduct the 360 FeedForward Process with feedback gathered from Bosses, Peers, and Direct Reports.
    3. Review the results with the executive, highlighting key learnings and actionable insights.
    4. Ensure alignment between the executive and Board Chair on leadership development goals and next steps.

 Key Elements:

    1. Feedback gathered from multiple sources (Bosses, Peers, Direct Reports, and key external stakeholders, if applicable).
    2. The CEO/executive selects up to 20 Raters (minimum 3 per group).
    3. A TSM Executive Coach conducts interviews with selected raters for in-depth qualitative feedback.
    4. A comprehensive 25-page report summarizing both quantitative and qualitative feedback is provided to the executive.
    5. We work with the executives to update their Start, Stop, Continue habits and fine-tune their leadership plan.

 

  1. Executive Coaching – Sustaining Leadership Growth

Hiring transformational leaders is not a one-time task. Leadership habits require continuous attention and fine-tuning. With our RoHI© Executive Coaching program, we offer ongoing guidance to ensure your leaders stay focused on positive changes and remain aligned with organizational goals.

 Why Executive Coaching?

    1. Leaders often fall into habitual patterns. It takes time, attention, and accountability to break these patterns and develop new, effective habits.
    2. Coaching provides the clarity, focus, and energy necessary to drive real, meaningful change.
    3. Our TSM Executive Coaching services offer personalized support tailored to your executive’s specific challenges, helping them maximize their leadership potential.

 Our Approach:

    1. Tom Magyarody provides 6 to 12 months of tailored, one-on-one coaching with an experienced CEO peer who understands the challenges of executive leadership.
    2. Sessions are personalized to address the specific leadership needs of your executive, empowering them to lead with confidence and strategic insight.
    3. For CEO Executive Coaching we work with the Board Chair at the start, midpoint and conclusion of the coaching process to ensure we stay connected with the Boards perspective.

Bio: Tom Magyarody, CEO and C-Suite Coach

Profile photo of Tom Magyarody P. Eng., MBA, ICD.D, CECWith over 17 years of experience as a CEO, Tom Magyarody offers a unique perspective for coaching executives and C-suite leaders. His expertise spans healthcare, financial services, and manufacturing, making him well-versed in the complexities and demands of top leadership roles. What sets Tom apart is his ability to combine real-world executive experience with cutting-edge coaching methodologies, including his certification as an *ICF Executive Coach* and his extensive use of *Hogan Personality Assessments*.

Tom’s coaching is highly personalized, focusing on both individual leadership development and team dynamics. He understands the nuances of CEO-board relations, helping executives navigate complex stakeholder relationships while enhancing strategic focus. His experience as a long-time board director also provides invaluable insights into governance and leadership from both sides of the table.

His coaching process is built on accountability, transformation, and sustained leadership excellence. Whether guiding new CEOs through transitions or helping established leaders refine their approach, Tom’s coaching empowers executives to achieve personal growth while driving organizational success. He offers practical solutions tailored to the unique needs of each executive, ensuring a return on the investment made in leadership development.

Partner with Tom for a bespoke coaching experience that delivers measurable results, improves leadership capabilities, and strengthens overall team performance. Whether you’re looking to enhance your strategic impact or fine-tune leadership habits, Tom provides the tools and insights needed to excel in today’s demanding executive landscape.

Ready to Transform Your Leadership?

Mirams Becker and is here to support your executive’s growth every step of the way. Contact us today to learn more about our 360 FeedForward Process and Executive Coaching Services.

 

About Mirams Becker

Mirams Becker is a Retained Executive Search Firm dedicated to the Healthcare Sector. We are dedicated to building leadership capacity in the healthcare sector, one opportunity at a time. Following the launch of the firm, Mirams Becker was recognized as one of the top 50 Healthcare & Life Sciences Search Firms in North America. The firm is an active corporate member of the Canadian College of Health Leaders, with strong alignment and commitment to the College’s vision to build connections for a healthier Canada.

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