Over the years, there have been several studies that show a direct correlation from employee engagement and business results. Engaged employees are more innovative, give their best at work, take less sick time, stay with companies longer and the list goes on and on.
I recently
came across an infographic on Inc.com that shows the real costs of bad bosses.
There were several parts that caught my attention. Here are just a few:
·
Three out of four employees report that their
boss is the most stressful part of their job
·
65% said they would take a new boss over a pay
raise
·
The average cost to replace a minimum wage
employee is $3,500 (includes recruiting, interviewing, hiring, training and
reduced productivity).
Keep in mind It’s
much higher for a knowledge worker!
So why am I writing
about this? Because there is a real need
for leadership and a real value to an organization that has it. At FranklinCovey, we believe that there are 4
cores to a great leader:
·
Inspire Trust
·
Clarify Purpose
·
Align Systems
·
Unleash Talent
The first of
the 4 Cores is Inspire Trust. The reason
that this is first is because trust is The Performance Multiplier
that affect everything in your organization.
Trust is the number one leadership competency needed today. It is a measurable, trainable and learnable
skill.
We also know
that trust has a direct correlation to employee engagement. The
number one driver of employee engagement is trust! The most leverage can be found between a
supervisor and their direct report. If
organizations focus on instilling trust in their culture (beginning with the
leaders), they can dramatically affect their speed and cost! Read an article titled, How the Best Leaders Build Trust, written by Stephen M.R. Covey, author of the best-selling leadership book, The Speed of Trust.
Lastly, when
organizations are going through change (downsizing, merger, systems, etc.) the leaders
that focus on exhibiting trustworthy behaviors during the change, yield the
best results. Click here to watch a video
that will explain more.
If this intriguing
to you, then consider joining us for one of our complementary executive sessions
titled, Creating a Culture of Trust
February19th - Dallas.
Seats are
open to senior leaders and executives and training decision makers and HR
leaders. Please contact me today to
RSVP.
Growing
trust one organization at a time,
John Vakidis
214-387-9960
