The High Cost of a Bad Boss
It has been estimated that the cost of employee turnover in America is 1.7 trillion dollars annually. That’s a huge drain on American businesses. Studies have also shown that the biggest single reason people quit their jobs is the behavior of their immediate boss–they were either abusive, didn’t care about them, didn’t listen, didn’t notice or appreciate what they did or were only out for themselves. Believe it or not, there’s good news in all of this. If American businesses would simply teach their bosses how to interact more effectively with their employees, they could reclaim the lion’s share of that 1.7 trillion dollars. We’re not talking about rocket science here, we’retalking about basic behaviors like being nice instead of nasty or indifferent, noticing the things employees do and saying thank you. These behaviors may not sound all that profound, but if the majority of bosses in America would take the time to effectively execute these behaviors, it would fatten the bottom lines of American businesses by more than a trillion dollars– that is profound!
If you know of a Bad Boss that you’d like to see transformed into a Great Boss, consider using our Bad Boss Tagging Program. Go to www.bosstrenz.com.
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