An effective manager can lead a team that consists of people with a diverse set of talents, and move them towards a common goal. In business, these aims change often, which is why keeping employees motivated till the end is so vital. People have their own motives for working, and their personal goals do not always align with the shareholders aim for double-digit growth to please their investors.
Ineffective Management is a Cost
There’s a multitude of ways to lead a team, but each way has its positives and its negatives. Subsequently, the definition of an effective manager is one who comprehends the faults and fortes of his or her leadership style, in addition to the working styles of the rest of the team.
A leader is destined to fail if he or she tries to lead their teams in a direction that is not favored by them. It is a fact that ineffective management can be very costly for companies, and employee turnover usually is a result of that.
Most Employees Are Unhappy with Management
Here is an interesting statistic: A third of employees in the U.S. want to quit their jobs, and two thirds would rather have a different boss than accpet a salary raise. Thus, it is apparent that employee gratification is very important. It is also obvious that dissatisfaction exists among employees to a large extent, and that it does as a result of ineffective management.
Employees want people who make them feel proud of their achievement and keep them motivated. In fact, most employees who experience a lack of motivation at work admit that it is because of their relationship with their superiors. When that improves however, 60% of them believe they work harder and better. When surveyed, employees placed “trust” as the most important element in their relationship with their managers, followed by respect, patience, open communication, and fairness.
Leadership is the key
When the management of a company is ineffective, it not only damages productivity and turnover, but also the foundation of a business. The solution, from a manager’s perspective, is straightforward: become a better leader and therefore a better manager, and a business will have a better chance of accomplishing its objectives.
