One of my colleagues jumped ship a few years ago. The administration took its damn sweet time to find the money for a replacement. In the meantime, everybody (except them) picked up the slack. Even when the provost did authorize another search, they waited too long to get their shit together. We ended up submitting the ad late in the hiring season this past year. In order to save money, it only briefly appeared at one chemistry job website.
We interviewed three decent candidates. Any of them would have been sufficient. The chancellor for academic shenanigans liked none. When asked, she said that we were looking for a superstar. This is true. How she expected to attract such a candidate with a late, limited search was neither asked nor explained.
We will try again next year. Actually, we will make several attempts to hire next year since more people are planning their escape. The way things are going, I may follow them. At least I wouldn't have to serve on a hiring committee.