Employees are the biggest Assets for any company. The health of a company is as good as the health of its employees. Having effective people management skills is critical for leaders. It leads to building an environment of trust and respect which in turn fosters engagement, loyalty, belonging and productivity.
Research shows that 64%-80 of employees will leave directly or indirectly because of their boss rather than the employer. Ineffective people management skills by a manager leads to higher attrition, lower morale, and talent acquisition costs go up by 4 times. Over time, it fosters unhealthy bureaucracy and politics resulting in a stifling work culture.
