Did you know that nearly 82% of people leave their company because of the manager?

Look…this isn’t surprising. Most managers get promoted into management without any management training, and then they are expected to perform as a manager should.

The problem is that being a manager is not an easy task. It requires a unique set of skills, including communication, delegation, problem-solving, and decision-making. Furthermore, there is the emotional side of being a manager that rarely if ever gets discussed or taught.

We understand that every manager has unique needs and challenges. That's why we have created a unique form of training that not only gives you the skills to become a great manager, but we also make sure that what you learn sticks and becomes a habit. This is the primary goal behind Rebel in the Pot.

The size of the problem

The effect of an unskilled manager is more significant than most people realise. This is because not only does it have a huge knock-on effect, but it also has a lagging effect. First, let’s consider this from the manager's perspective and the effect their management or lack thereof management will have:

Team Morale

The cost of decreased morale in a team can be significant and can impact a company's productivity, profitability, and overall success. Decreased morale can result in lower employee engagement, increased absenteeism, and higher turnover rates, all of which can have a negative impact on a company's bottom line.

- Disengaged employees can cost a company up to 34% of their annual salary in lost productivity, according to a Gallup report.
- A report by the European Foundation for the Improvement of Living and Working Conditions found that the cost of absenteeism in the UK was estimated at £18 billion per year

Churn

82% of employees leave their company due to the management. This number can range depending on the industry and country but overall, the percentage and impact is very high. Once that person leaves, as a manager you then not only have to work on replacing them but also shifting their work onto the remaining team members. Not only is recruitment costly and time consuming but the extra workload on the remaining team members then also increases their chance of leaving.

- According to a study by Oxford Economics, the cost of replacing an employee can range from 50% to 250% of their annual salary, depending on the role and level of seniority.

Recruitment

As a manager, you will have to take time out of your work week to go through the recruitment process. Usually, interviews for skilled roles will comprise of three stages with each being about three hours long. This is a huge weekly time sink which will heavily impact your well-being as well as your productivity.

- According to a study by the Hackett Group, the average time it takes to fill a skilled position in Europe is around 65 days.

As you can see this has a huge impact on the manager and the team that they are operating. However, from a business point of view this is even more costly.

- A study by Harvard Business Review found that effective management can increase employee productivity by up to 50%.

As a business, you begin to see significant revenue loss and the potential for it to cascade into further team members. However, if this is occurring across multiple teams or departments, you then start to influence the culture.

Churn, or high employee turnover, can have a significant impact on the culture in a company. Culture is the shared values, beliefs, and behaviours that shape the way people work and interact in an organization. When employees leave a company frequently, it can disrupt the established culture and make it difficult for the remaining employees to maintain a sense of stability and continuity.

The cost of employee turnover in the Europe is estimated to be around €92 billion per year.

Luckily there are many ways to counter this potential problem and actually turn it into a positive. We at Rebel in the Pot specialise in training managers and allowing them to get to their full potential. We understand that every manager has unique needs and challenges. That's why we offer personalized coaching and consulting services to help you achieve your specific goals. Get in touch with us today to have a free no obligation call around your management needs.