NEW YORK, July 13, 2016 /PRNewswire/ -- Russell Reynolds Associates, one of the world's leading executive search and leadership advisory firms, and Hogan Assessments, a global leader in personality assessment and leadership development, today announced a global, exclusive partnership designed to increase the success rate of executive appointments and accelerate the development of rising leaders.
The partnership combines Russell Reynolds' depth of expertise in advising senior executives and boards on executive search and succession with Hogan's market-leading suite of assessment instruments, data assets and scientific acumen.
The firms will work together on a range of initiatives designed to drive C-suite performance, with an initial emphasis on creating a new, co-branded assessment approach designed to predict executive performance in C-level roles.
"The cost of betting on the wrong leader has never been higher," said Clarke Murphy, CEO of Russell Reynolds Associates. "That said, innovation in the executive assessment space has not kept pace with the rate of change confronting senior executives. We are excited to partner with Hogan – a true pioneer in the assessment field – to accelerate innovation and deploy new assessments that dramatically increase the success rates of executive selection and succession decisions."
The assessments will enable executive teams and boards to increase the precision of selection decisions and mitigate the risks associated with senior executive appointments.
Hogan's CEO Tomas Chamorro-Premuzic noted: "No other factor plays a bigger role in determining the fate of organizations than the quality of their leaders, so understanding and measuring potential for leadership is the utmost priority for winning the war for talent. Our partnership with Russell Reynolds will allow us to combine robust data on millions of leaders around the world to create the best tools and solutions in the market. We are excited to join forces with a true leader in the field."
About Hogan Assessments Hogan Assessments is the global leader in providing comprehensive, research-based personality assessment and consulting. Grounded in decades of science, Hogan helps businesses dramatically reduce turnover and increase productivity by hiring the right people, developing key talent and evaluating leadership potential. Hogan's assessments are available in 57 countries and 46 languages, and are used by more than half of Fortune 500 companies. For more information, visit www.hoganassessments.com.
About Russell Reynolds Associates
Russell Reynolds Associates is a global leader in assessment, recruitment and succession planning for boards of directors, chief executive officers and key roles within the C-suite. With more than 370 consultants in 46 offices around the world, we work closely with public, private and nonprofit organizations across all industries and regions. We help our clients build teams of transformational leaders who can meet today's challenges and anticipate the digital, economic, environmental and political trends that are reshaping the global business environment. Find out more at www.russellreynolds.com and follow us on Twitter: @RRAonLeadership.