How important are your managers for the success of your organization, culture and business? A recent Gallup poll reveals that 75 percent of U.S. workers had voluntarily left a job because of a bad supervisor. In fact, 56% of employees would turn down a 10% raise to stay with a great boss. This means that companies need to invest heavily in their managers to make sure they are leading according to the values of the organization, connecting with employees, recognizing their teams and mentoring their direct reports.
So how do you make sure you don't lose 75 percent of your workforce due to bad managers? Identify ineffective managers and then invest the time and money to retrain and support them.
Managers vary in quality, but here are four types who you cannot afford to manage your employees:
Now that you know what to avoid, the next step is ensuring you have managers who won't drive your employees away.
Give your managers opportunities for growth. Mentoring and coaching should be part of your company's culture. Educate managers on the benefits of communication and collaboration, which creates trust among co-workers.
Ensure managers understand the difference between criticism and teaching. In a recent survey, 20 percent of managers admitted avoiding giving feedback, and 40 percent never gave positive feedback. Effective teaching requires praise to reinforce what employees are doing well.
Educate managers on recognition best practices. Recognition should be timely, specific and frequent, and it should help cultivate a strong and healthy relationship between employees and their managers, as well as the company at large. Managers should receive training on how to reward and recognize performance as part of performance management training as well as giving effective feedback. Recognizing employees for their extra contributions and efforts contributes to retention across the overall organization.
Finally, train managers to build a strong team with these features:
Minimizing turnover depends on effective managers. Smart management practices rely on training managers who then develop and maximize the skills and strengths of employees. To retain your employees and encourage them to be engaged, productive and happy, invest in your managers!