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Turn Your Managers Into Your Biggest Asset for Winning the Great Resignation

Investing in your company's managers will always yield a high return on your investment, but even more so now with The Great Resignation. Fostering growth in these six skills will help set your managers apart

By | Britt Andreatta | www.entrepreneur.com

The Great Resignation is still unfolding around the world. And with headlines touting that recent quitters are feeling happy with their decision, more and more people are considering their options.

Poor  have long been a driver of resignations — nearly two-thirds of people quit their boss, not the company, but the company ultimately pays the price. Replacing a worker is expensive (up to 250% of salary plus benefits), and today, it’s especially difficult to recruit and retain top talent.

Coupled with the fact that poor managers drive absenteeism, disengagement, stress and reduced productivity, it’s clear that they are quite costly to your bottom line as well as your culture.

For example, the National Association of Mental Health’s 2022 Mind the Workplace study revealed that developing managers who knew how and when to be supportive correlated with higher scores on . Sadly, only 40% of employees feel that their company invests in developing supportive managers.

Training can turn poor managers into great ones — managers who not only keep your best people but also draw in the next generation of top performers. Most managers want to do a good job, but they don’t know how. People are often chosen for manager roles because they are excellent individual contributors. Being great is very different from creating the conditions that bring out the best in others. Gallup found that 82% of the time, companies choose managers who don’t have the skills they need to be successful.

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www.entrepreneur.com
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