the same organization as exists between different organizations.
The key is to “make managers your stars, not your scapegoats.” Managers are charged with overseeing your most valuable asset: your people. Leaders must elevate that mission and give managers the support they need.The annual turnover rate is over 26%, and the cost of replacing an individual employee can run as high as two times that employee’s annual salary. In a tight and competitive labor market, businesses cannot afford to lose good people..
When you pigeonhole HR like this, you do not set them up for success. If people are your most important strategic asset, then those who manage people need to be involved in strategy. They need to be freed up from focusing narrowly on “tactical, compliance, and compensation issues.”Although a common theme running through this year’s top articles is the importance of management, Gallup stresses that. Gallup highlights three ways leaders can set the tone for culture on a daily basis.
Second, communicate regularly about what is happening in the organization. Context is everything. Employees will feel motivated when they understand the big picture, and also understand where their role fits in that big picture.Once again, Gallup finds thatin building a healthy workplace culture. Managers cannot help their direct reports deal with stress when they themselves are feeling stressed and unsupported.