…. Yet, there’s still one, big unaddressed issue that keeps popping up: burnout. In the U.S. alone, workplace stress costs the economy around $300 billion per year in absenteeism, diminished productivity, and legal and medical fees. Unsurprisingly, study after study shows that stress and burnout are major drivers of staff turnover, accidents, injuries, and substance abuse. Even among the top companies and the most desirable places to work this is a problem — and its generally the consequence of one thing: bad leadership.
In theory, leaders should be shielding their followers and subordinates from stress, operating as a beacon of calmness and safety throughout difficult times. In reality, however, leaders are more likely to cause stress than to reduce it. This problem is far more common than it should be. Millions of employees around the world suffer the consequences of bad leadership, including burnout, alienation, and decreased mental and physical wellbeing. This is particularly true when managers practice abusive behaviors, but at times, it’s their sheer incompetence that demotivates, demoralizes, and stresses out their teams. Lacking technical expertise, having no clue how to give or receive feedback, failing to understand potential, or a general inability to evaluate their subordinates’ performance, are just some of the common signs of incompetence.
To that end, here are four critical lessons you should consider:
There is no better cure than prevention. ….
It is more profitable to remove toxic leaders than to hire superstars. ….
Resilience can hide the effects of bad leadership. ….
Boring is often better. ….