A friend of mine recently quit his new vice president post because of his boss, the president of the company.
Apparently, he found out early that his boss led with lies, inconsistencies, hypocrisy, and a bad temper- leadership competencies that no one should be proud of.
During the interview process, he saw no sign of problems and was excited about his new opportunity. Apparently, it didn’t take long for the “wolf to discard the sheep’s clothing.” My friend stayed on the job for only one day.
I’m proud of him for walking away from the big paycheck and recognizing the misery was likely to escalate in that environment.
The monetary damage a bad boss can do in an organization is enormous. A few impact areas: the cost of turnover, the cost of low employee engagement, the cost of poor-quality product/service, the consequences of low customer satisfaction levels, and the big one-missed opportunities.
Beware: if you’re a bad boss, people will quit because of you! If you have managers/leaders reporting to you, evaluate each of them to be sure you have no “bad bosses” on the team. Also take a good look at yourself.
If you believe you and your team are already a collection of good leaders and bosses, great. Remember, you can always improve through communicating, caring, developing, mentoring, and coaching your people who will then deliver better business results.