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Survey Shows Bosses Still Driving Turnover
Survey finds that 71% of site's visitors looking for a new job in response to a problem with their boss.
Boston, MA April 21, 2004 -- The old adage that people leave bosses not companies is still germane as shown by a survey conducted by Badbossology.com. Between March 23rd and April 18th, of the 507 people who completed the survey on its site (http://www.badbossology.com), 71% are looking for a new job in response to a problem with their boss. Said Co-founder Gary Lahey, "In view of the significant costs of turnover to both companies and the people who leave, this result should remind all executives to be vigilant in building and maintaining a culture that protects people from bad bosses and rewards good bosses."
More generally, other surveys indicate that approximately 40% of employees have had to deal with a bad boss. And a Gallup survey of over 1,000,000 employees found that if a company is losing good people, more than any other single reason, the cause is their immediate supervisor: Gallup also found poorly managed workgroups are an average of 50% less productive and 44% less profitable than well managed groups.
Badbossology.com itself is a new and completely free web site designed to protect both people and companies. The site provides continually updated material in an intuitive, blog-style user interface. It takes a responsible balanced approach, devoid of ranting and 'Boss from Hell' stories, and also provides key resources for bosses, executives and board members (http://www.badbossology.com/c68). A "Vault" or secure repository is provided so visitors can bookmark items along with personal notes for fast reference. And material is drawn from sources such as The Chicago Tribune, CNNMoney.com, Fast Company, The Harvard Business School, and the Wall Street Journal's CareerJournal.com.
Company: Badbossology
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