A CareerBuilder study from January of last year found that 37% of employees who expressed dissatisfaction with their bosses would be more likely to seek a new job in the next year. On the other hand, of those who said they definitely would not be leaving their jobs, 32% cited a good boss as their reason for staying put. An additional 29% said their desire to stay in their current position was based on the fact that they felt valued and that management recognized their accomplishments.
If those numbers aren’t enough to make you stop and think about the managers in your business, consider two additional factors. First, millennials, who make up a significant portion of the up-and-comers in today’s workforce, say they value a positive work environment over a higher salary. Second, the growing economy means talented workers are in high demand, and unhappy employees may find a more attractive position with one of your competitors. If your business defines good management differently from the talent stars you hope to attract and retain, you may be left wondering why your recruiting and retention efforts aren’t yielding the results you envisioned.
What Makes a Good Manager?
While different personalities will lead differently, managers should still take a long, hard look at whether their individual leadership approach empowers employees to do their best work or whether it squelches creative impulses. What types of managers elicit the best results from their team members?
Evaluating Your Management Style
Experts agree that one of the least effective management styles is that of commanding and controlling. Command and control managers tell workers what to do with little or no explanation and leave no room for questions, input, or creativity on the job. Unfortunately, this style is also one of the most common. If you notice that a particular department has a high turnover rate, it may be time to take a closer look at the management style of the leaders in that department. However, it is also important to recognize that an unhappy employee doesn’t always indicate a poor manager.
As the war for talent heats up, increased confidence in the ability to find a satisfying job means that employees will be more likely to jump ship if they don’t like their bosses. Investing in management training and honestly evaluating the prevailing management culture of your business can go a long way toward creating the kind of work environment that employees are looking for.