…you need a plan of attack to stop spending time and money in these sinkholes, break out of the impasse, and solve your most frustrating problems. […]
In this article from HBR, the authors asked executives to put a price on the amount their companies lost each day due to a range of people issues, from interpersonal conflicts and unproductive weekly staff meetings to hiring the wrong employees and investing in training programs that don’t work. The results were not suprising: on average, $7,227.07/line item/day, totaling $144,541.30/day. That amounts to $52,757,574 value lost for an organization on interpersonal issues and “people problems.” Think your leadership and team are immune to these factors? Think again. The number one people choose to leave their team is problems with the bosses. How are you engaging today to ensure you retain valuable talent and address root causes early before they become a retention issue?