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‘Fearful leaders’ costing UK economy more than £2bn


www.personneltoday.com | Jo Faragher

Fear-filled workplace environments could be costing the UK economy £2.2 billion in lost performance, according to a new study.

Experienced executive leadership coach and author Margot Franci conducted a survey of around 2,500 emerging leaders globally, revealing that almost a quarter (23%) of UK leaders are unconsciously creating an environment of fear.

This is however lower than the global figure, which rises to 30% of leaders sparking fear in their direct reports.

“Fearful leaders”, as she describes them, are creating a crisis of confidence in management. Almost half (48%) of them do not trust their direct reports to handle situations as they arise, the survey found.

The cost to businesses comes from lost hours of productivity – Faraci estimates that such leaders lose 10 hours a week for their companies, equivalent to £9,545 a year per leader, or £2.2 billion annually across UK business.

Almost nine in 10 leaders (88%) are consistently fearful of being wrong or making mistakes, 82% feel pressure to demonstrate value, and two-thirds are hesitant to speak up with their own view.

Fearful leadership also impacts the way employees are managed, the survey found. Almost half (45%) are unwilling to give feedback to their direct reports or managers, a third regularly deliver or experience micromanagement, and 15% regularly experience anxiety or nerves around work.

Faraci said fear of failure has “devastating consequences” on both a personal and business…


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