How much do leaders impact your bottom line? Recent studies offer some sobering statistics:
Bad leadership can cost a company up to 7% of annual sales.
76% of employees in the U.S. are dis-engaged, costing up to $550 billion in lost productivity.
Up to 32% of voluntary turnover can be avoided by improved leadership skills.
Skilled leaders can generate a 3% to 4% improvement in customer satisfaction scores and a corresponding 1.5% increase in revenue growth.
Leaders who cannot align teams with company goals, cost companies hundreds of millions of dollars in operational inefficiency and wasted human capital.