40% of workers leave because of a bad boss, according to an FSU study.
Why?
Failure to keep promises, blaming employees for leadership mistakes, lack of credit, disparaging remarks, silent treatment, poor or no decision making….the list goes on and on.
The impact of poor leadership is not simply emotional, it’s financial. Various studies on the subject show that up to 32% of voluntary turnover can be avoided with better leadership. Calculate how much it costs to lose one competent, productive, contributing employee and then multiply that by having to replace 30% of your workforce. In case you want some help with the maths on this, estimates run as high as about 150% of their salary. Lower for more junior roles, but it all adds up as you can see.
Tags: Talent Management