When talking about the challenges companies have nowadays, talent retention is typically one of the things mentioned.
As talent retention is strongly related to employee engagement, we see many companies investing in all kinds of employee engagement initiatives such as improving their onboarding activities, working on their company values, boosting their internal communication, organizing team events, offering more learning & development opportunities …
All these initiatives are good and essential to keep your top talent on board.
Unfortunately, the well-known expressions “good people leave because of bad managers” or “people don’t leave jobs; they leave managers” are very accurate.
There is no shortage of evidence to support this. Several studies cite leadership as critical in tapping into employee happiness and impacting retention.
The number 1 reason employees leave a job is a bad boss or supervisor.
Leaders who don’t engage their staff will inevitably lose them.
In simple terms, strong and effective leadership can improve culture, engage a workforce and instill a level of motivation and inspiration that may otherwise have been absent.
Irrespective of what good leadership means, one of the ultimate goals of a leader is to make an employee feel appreciated, accomplished, and important to the organization's overall success.
The meaning of good leadership depends on your company, more precisely, what you ultimately want to achieve as a company and the context in which you are operating.
There is no one-size-fits-all description of good leadership.
Inspiration can be found in the Ambits Leadership Guide.
More important is to ask the right questions:
Any leadership improvement, even small steps, will benefit your employee retention.
At Ambits, we firmly believe that the right mentor can help managers to become better leaders.
A mentor who has gone through the same leadership challenges and is strongly motivated to share his/her experience through practical advice is the most effective way to learn and build leadership competencies.
Mentoring can be done individually or in groups; see more here.
Contact us now to discuss this further.
Our newsletter is about leadership development through business mentoring.