Companies may be laying people off, but they’re also hiring. And sooner or later (preferably sooner), your time will come to start a new job—hopefully within shouting distance of your former salary and management level. If you’re assuming a new job with a leadership component to your duties, you’ve got a new set of challenges to prepare yourself for. In good times, the failure rates of newly employed leaders are abysmal. (Some say as many as 60% to 70% of newly hired managers are fired within six months of taking on their new jobs.) If you’re taking on a leadership job in bad times, you know that there is a long line of candidates ready to step in if you fail. And you may think that the psychological wounds of losing your previous job might get ...

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