The Cost of a Bad Manager
Employee engagement surveys are great at helping you find the cracks in your company. They help you measure a number of things, but some of those items cost you more money than others. Take your managers. According to DecisionWise research, employees with a negative perception of their manager leave the company at a rate of 56% more than usual. With the high costs of turnover, bad managers can cost your company thousands or even millions of dollars! Care to find out how much turnover is costing your organization? Try our calculator.
So what can you do? Our research shows that managers influence employee engagement for the better when they improve certain behaviors. Tools like 360 degree feedback help leaders know where they stand with those around them so that they can then strategically pick which strengths to magnify and which behaviors to strengthen. So are you ready to invest in your managers, increase employee retention, and decrease your employee turnover costs?