Leaders can have a very large influence on the functioning of organizations and teams. They set direction, inspire others to perform, develop staff, drive performance, and much more. They have a huge span of influence and can really dictate the health of the company. Well, what if I told you that approximately 50% of leaders fail at their job? Pretty scary, right?
Failure at this level of the organization can have very widespread impacts. Not only is it a financial burden when taking into account the costs of selection, recruitment, onboarding, and training, but it can also disrupt employee morale and public perceptions of the organization. Additionally, one of the biggest reasons why employees leave their organization is because of their relationship with their manager. If their manager fails to develop effective relationships or set their employees up for success, this negative interaction could influence the subordinate’s motivation to stay with the company.