Leadership Decisions - Podcast #263

There are invisible factors at work in your organization. 50% of why a team can be successful. Unless you have been living under a rock for the past few years, you know that the recession has aggravated what already was a deteriorating relationship between employers and their employees. While things weren't rosy before, now everyone knows someone (or has experienced it themselves!) who has been caught in layoffs, buyouts, downsizing, capsizing, and reductions in benefits, not to mention freezes on new hires, pay raises, and promotions. And you also know the result: People are willing to abandon companies like the proverbial rats on a sinking ship because no one feels safe! The reason isn't rocket science. If you even suspect that the ship you are on could go down and something else comes along, there's a good chance you'd jump ship too. Think about it. The fear doesn't have to be based on facts; a nasty corrosive rumour can have people racing toward the exits just as easily. A Wharton School of Business article says that most companies can expect to lose anywhere between 20 and 50 percent of their employees in any given year. Few things are more disruptive and costly to your business than an unexpected exodus from your talent pool. http://fullmontyleadership.com/Get bonus content on Patreon Learn more about your ad choices. Visit megaphone.fm/adchoices