People don't quit jobs. They quit their bosses. 75% of Employees Quit their Jobs because of their Bosses!
Smita Nair Jain
FINTECH: LinkedIn Power Profile for 2015 (Finance) and 2017 (Technology) #Equality #DiversitynInclusion #Resilience #TEDx #TechGeek
Author: Brigette Hyacinth
In my early career, I worked for a boss who put profit before people, and sought to gain every ounce of productivity out of employees. We didn’t even stop to celebrate the teams’ successes. It was about quickly moving along to the next goal. There was no real leadership (vision and inspiration) only management (command and control). The culture was basically do as you are told. Suggestions and recommendations by employees and even results of viewpoint surveys were often ignored.
Employees became disengaged and focused solely on their salary and looked forward to the weekends. This was the only high point. Most individuals did nothing extra outside of their job specifications. The workload was unfeasible, however at 4:00 pm on the dot, employees could be seen leaving the office, as if there was a fire drill taking place. Team spirit and employee morale was extremely low. I felt stifled. Thus, I didn’t stay there very long. Employee turnover was high. Sadly, today the company is no longer in operation.
No matter how great a company’s products and/or services may be, if management is dysfunctional, that company will have serious problems. It's time that companies realize that all the money or perks in the world, will not retain good staff if they have a bad boss who makes their time on work miserable.
A bad boss can take a good staff and destroy it, causing the best employees to flee and the remainder to lose all motivation
A boss sets the tone. One study found that a bad boss can take a negative toll on employees mental and physical health. Yes, a bad boss can make employees sick. Employees of bad managers are at greater risk for high blood pressure, chronic stress, sleep problems, anxiety, substance abuse issues, overeating, heart attacks and other health problems.
10 Qualities of a a Great Boss:
~Good Communication skills
~Sets clear Performance Expectations
~Inspires and Motivates
~Shows Empathy
~Takes Responsibility
~Shares Authority
~Sense of Humor
~Provides consistent Feedback and Coaching
~Fair and Honest
~Shows Appreciation
Employees yearn for good bosses. A recent study says that 56% of employees would turn down a 10% raise to stay with a great boss.
There is nothing like having a boss who genuinely cares about their team. They support, empower and appreciate their employees. Employees will be willing to do more and give more. Most companies don't currently think about great managers as a benefit, or publicize that benefit to prospective employees, but it is the best incentive in keeping staff, happy and engaged.