Leaders who exemplify behaviors that are aligned with culture are seen to have much higher attraction and retention metrics!
In fact, Gallup studies reveal that effective leaders with a strong brand inspire and motivate their teams, leading to improved performance and productivity. Companies with high employee engagement levels have 22% higher profitability than those with low engagement levels.
My clients have seen turnover as high as 68% in just one year. Looking back, for one client, it cost $6 million. Sadly, the main root cause was tied to people's leaders accidentally creating these challenges. Our analysis uncovered that 90% of leaders weren’t given the tools, resources, training, education, and coaching they needed to be great leaders. After implementing a leader development and coaching program within six months, we realized a 25% increase in operational metrics and a 50% decrease in turnover.
I recommend a good measure of success for how well your organization is doing in these areas as a solid baseline:
Annual turnover less than 10%.
eNPS score 9 or greater.
Glassdoor's higher percentage of positive reviews
A people-driven strategy involves a multi-faceted approach and an ongoing evolutionary process. As modern leaders, our scorecards have changed way beyond traditional metrics; now it is time to assess ourselves, get honest with who we really are, and adapt ourselves to catapult our organizations into a "Talent Magnet."
Check out this 10 minute video to stimulate a few new ideas when exploring advanced concepts.