It's a commonly-held belief that the CEO gets fired (or forced to resign or retire under pressure) because of "current financial performance." But that's wrong, according to a study by LeadershipIQ.com. It found that 31% of get fired for poor change management, 28% for ignoring customers, 27% for tolerating low performers, 23% for denying reality and 22% for too much talk and not enough action.
Are you spending enough time with your employees…or too much? New research reveals that the median time employees spend interacting with leaders is approximately three hours per week – just half of the six hours found to be optimal for employee engagement. Regardless of which of the myriad leadership styles you prefer, spending time with employees is a universal requirement.
If your company is undertaking a layoff, be forewarned: Your surviving employees are not going to work harder out of gratitude. According to a new study by Leadership IQ , 74% of employees who kept their job amidst a corporate layoff say their own productivity has declined since the layoff. And 69% say the quality of their company's product or service has declined since the layoffs.