Filling the Leadership Development Gap
In a study conducted by Root Inc., managers were labeled “America’s most neglected employee.” Companies believe it is a waste of time to train managers: The research revealed that not only are managers undervalued, but that only 37% of the companies surveyed believed it was important to develop important leadership or manager capabilities.
And according to Gallup, only 35% of managers consider themselves engaged, 51% are disengaged and 14% are feeling actively disengaged. This “costs the U.S. $77 billion to $96 billion annually through their impact on those they manage. And when we factor in the impact of the “actively disengaged” group, those figures jump to $319 billion to $398 billion annually.”
Even more concerning is that only one in ten people “possess high talent to manage.” Yet managers with high talent are:
- Twice as likely to be engaged
- Better brand ambassadors
- More likely to be focused on strengths
Managers get where they are because they are good at what they do, not because of how they lead. There needs to be a bridge between doing and learning to lead others to do for these new managers. Customized, one-on-one leadership development programs have a dramatic difference on a company’s bottom line. According to the The MPI Manufacturing Study, better leadership leads to more efficiency, better productivity, better retention, and higher profits.
East Tenth Group has launched Accelerate Managerial Effectiveness, a six-week, one-on-one program for emerging leaders that strengthens key leadership areas such as confidence in leading others, managing up successfully, and delivering results with impact. Read more.
As the CEO & Founder of East Tenth Group, Michelle leverages 25 years of business and experience as a strategic advisor and executive coach to help drive actionable people solutions and provide practical insights on business strategy to senior leaders. she and her team and are fiercely committed to the development and growth of people and companies because we believe that when people thrive, business thrives.