“Employees don’t leave jobs- they leave their bosses. “Mistakes done by leadership precipitate talent drain in companies. In a recently published article Elle Kaplan, CEO, Lexion Capital Management, an American asset management company,1identifies eight common leadership missteps which eventually provoke talent drain. Following are the highlights:-
- Burning out the Best:Top performers are always exploited. This amounts to punishing the good work.
- All Work and No “Play”: Busy bees are made to stretch. But overstretching is frustrating.
- Micromanaging:An ideal boss hires talents and gets out of their way. Micromanaging kills initiative.
- Ignoring the Self-esteem:Self-esteem is a motivator. Unheeding to this dispirits the employees.
- Ignoring Employee Development: Employees look for professional development.Not paying attention tothis leads to decreased staff morale.
- Encouraging Gossips: Gossip brings in momentary excitement; but it kills the real perspective and cultivates hostilities.
- Discouraging Passion-Pursuits: Pursuing passions makes the employees focused and resilient.
- Lack of Empathy:Every employee faces difficulty. Efforts to be compassionate and caring rejuvenates them.
Conclusion:
People with different aspirations and expertise converge at work place. Employers need to give employees the required space to become their best selves. This not only is a great work perk, but also adds to productivity. High staff turnover is after all costly, in more ways than one.
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Discussion Question
“More passionate you are about your job, the greater the chance you’ll be exploited.” Do you agree? Why?
Key Words#LCM#HRM#MOB#Leadership#Talent Drain#Turnover