Are your
management practices hindering organizational performance and growth?
Consider
the following:
- Bad managers exacerbate employee relations problems
while effective managers decrease issues, claims and lawsuits. This is not
a trivial matter. The number of claims by employees against employers
increased by 2000% from 1969 to 1994 and by 70% between 1992 and
2003. Additionally, the average employee lawsuit costs $250,000 and
the majority of cases are ruled in the plaintiff's favor when taken to
litigation.
- Bad managers negatively impact
financial health. Companies with
higher performing managers realize a 48% increase in profitability.
- Bad managers negatively impact
employee engagement and retention.
Companies with higher performing managers realize a 30% increase in
employee engagement scores and a 19% decrease in turnover.
- Bad managers negatively impact customer engagement. Companies with higher performing managers realize a 17% average increase in customer engagement scores.
Assess Your Management Practices
About LSA Global
Founded in 1995, LSA Global is a leading performance consulting and training firm that helps high growth technology, services, and life-science companies create a competitive advantage by powerfully aligning their culture and talent with their strategy. Learn more about getting aligned