Effective management can be crucial to your company’s success. Managers are responsible for everything from goal setting to motivating employees, to making the company run smoothly. It’s important to ensure that your managers have the tools to keep your employees engaged, inspired and happy. Some of these tools include the ability to focus on their employees’ strengths, knowing how to curb employee turnover rates, and providing proper support to their teams.
Here are 10 stats that prove why you should be training your managers.
Managers account for up to 70% of variance in engagement (Gallup Poll)
According to Forbes, an employee’s relationship with his or her direct manager is the most important factor in employee engagement. Employees whose managers are open with them and form a great relationship with them have proven to be more engaged in their jobs. Engaged employees believe that the work they’re doing is important, thus making them more productive.
67% of engaged employees say their managers focus on their strengths (Gallup Poll)
Managers need to know how to find their team’s strengths in order to engage their employees. When employees are encouraged to identify their strengths, they perform better for the company.
One-third of U.S workers want to leave their jobs (WorkplaceTrends.com)
A 2015 study by WorkplaceTrends.com found that of over 2,000 U.S and U.K. employees and HR leaders surveyed, nearly 1/3 of U.S. workers said they want to leave their jobs. That means managers need to maintain their relationships with their employees to ensure their team wants to stay. Training your managers to identify if and when issues arise will help maintain your talent.
1 in 3 people leave their organization within the first year (SH!FT)
Losing employees, especially great ones, can be costly to your organization. While it’s impossible to know the exact cost of employee turnover, a study by the Society of Human Resource Management says it can be from six to nine months of that employee’s salary. Another study by Institute for Research on Labor and Employment found that it could be 1.5 to 2.5 times the annual salary of the employee, depending on the job. It’s important that your managers are aware that this is a huge issue and know how to keep their teams engaged.
55% of employees feel inspired by their leaders (Towers Watson)
Leadership is important in nearly every aspect of life and particularly in the workplace. If your managers are inspiring and motivating, their team will be too. According to Inc, there’s a simple truth regarding employees and inspiration – really inspired employees get a lot more done for your business.
30% of employees report a lack of supervisor support (Towers Watson)
An alarming amount of employees don’t feel as though they get adequate support from their managers, which can obviously be a huge issue, leading to a higher turnover rate. Supportive managers care about an employee’s career goals, successes, and everyday work experiences.
Only 18% of those currently in management roles demonstrate a high level of talent for managing others (Gallup)
According to this stat, that means 82% of managers don’t have the skills required for managing a team, which is again why training your managers is essential to a successful business.
Employees who feel valued by their employer are 60% more likely to be motivated to do their very best for their employer (American Psychological Association)
Motivation is extremely important for employee retention and when employees feel as though they are a part of a company’s success, it’s easier for them to feel motivated to work their hardest. Millennials in particular are affected by how they feel they are valued. A Forbes article suggests that when Millennial employees feel supported and valued, their productivity increases. By 2025, this generation will make up more than 75% of the global workforce.
Two-thirds of today’s employees feel overwhelmed (Office Vibe)
Managers need to be able to spot when employees have overbearing workloads. Things like creating an open door policy, regular check-ins and motivational team meetings can all provide some great insight on how employees are feeling in their workplace.
88% of employees don’t have passion for their work. (Office Vibe)
Getting employees excited about what they’re doing isn’t always an easy task. In my prior article, What Great Managers Do To Engage Their Employees, I interviewed Emilie Totten, the Marketing Director at Synthesis, a company that sells automation solutions for investment companies. Totten said it’s important to motivate your employees by giving them the reasons why their work, as well as the company’s work, is purposeful.
Learn more about manager enablement by downloading our eBook, Talent Crisis: Ineffective Managers.