In addition to all of your achievements, you’re sure that you’re a great boss. After all, your leadership skills have helped you climb the ladder of success. But some of the world’s top companies succeed in spite of poor leadership, a result of great products or concepts rather than motivated team members.
According to entrepreneurial counselor Michelle McQuaid, bad bosses cost businesses $360 billion in lost productivity every year. The stress caused by difficult supervisors can negatively affect an employee’s overall health and workplace morale, eventually driving him or her out the door. Since losing one employee costs a business tens of thousands of dollars or more, your business will eventually suffer financially if you can’t keep employee loss at a minimum.
If you look closely, you may find indications that you’re not as popular with your staff as you think you are.