2 min read
Saloni Goyal
21 December 2023
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Ever heard the classic line, "Employees don't leave bad jobs, they leave bad bosses"?
Yeah, it's pretty worn out, but guess what? It’s also the truth.
We recently zoomed into the employee data for a financial services company, specifically focusing on 300 people managers.
The goal was to,
We dove deep into engagement, NPS scores, team sizes, tenure, and even compared experiences across different levels of seniority, departments, and gender.
And here are 4 mind-blowing findings that came out of the analysis.
(Even the customer agreed that the insights were GOLD. Their words, not mine 😀)
Take a look. 👇
Yes, you heard it right.
When we analyzed the data we found that employees vibing well with their managers are:
Takeaway? Managers aren't just the glue holding engagement together - they're also potential culture-shapers. They can make it or break it.
And every time your culture breaks, your employer brand takes a hit
The bond between an employee and their manager plays a big role in how happy they feel in their career.
We discovered that when managers aren't fully involved with their team members, it leads to:
Conversely, tight bonds with the boss resulted in a whopping 46% boost in career satisfaction.
It's not rocket science, it's relationship magic at work.
The success of managers in leading teams is closely tied to team size.
In our discovery, managers with 3 to 5 team members enjoy the strongest connections - daily interactions are closer, recognition is better, and mentorship thrives in these teams.
The takeaway is that the number of people under a manager directly affects their game. Too many, and they're stretched thin. Too few, and productivity takes a hit. Balance is key! The nature of business & work plays a crucial role in Manager:Employee span. You must find the sweet spot that works for your organization.
Individuals vary greatly. Blanket processes often overlook crucial nuances.
Our analysis of 300 managers revealed that:
Bottomline, one size does not fit all. Managers need some personalized TLC based on their individual journeys and situations. And it’s about time they got access to this support.
Your middle management holds the POWER to shape your organization's employee experience. How you feel at work often boils down to their daily interactions with their teams.
Yet, 75% of employees identify their manager as the most stressful aspect of their job.
But hey, you can turn that around! It starts with getting your managers engaged and empowering them to be effective. Leading brands have tried these 5 action items to engage their managers effectively, and they absolutely swear by them now:
And If manager struggles are keeping you up at night, dive into your engagement data. There's gold in there to craft a custom solution that'll turn things around. It's time to get personal and make those managers shine!