To some, it might sound like a dream to have a boss that’s the life of the party. In theory, a gregarious leader makes work more fun and hopefully exemplifies balancing work and a social life exceptionally . Yet, what happens when the only thing your boss cares about is the party? Mark, a marketing expert in the UK found out what happens when your boss is more concerned with all night revelry, than regulating nine-to-five. If most of us were being honest, we’d likely prefer to be at a party in Ibiza then sitting in our cubicle managing expense reports and returning emails. The difference between us and Mark’s bad boss is we don’t act on these impulses. If you’re like most hard working people you save the champagne and fast cars for the weekend, and the story that follows explains the very legitimate reasons we make these responsible decisions, and the repercussions when the person in charge continuously makes bad business choices.
I joined a new startup design agency as their head of online marketing and was told that I’d have six big accounts to work on. The day I started I had none. So, I helped out by becoming the sales and account manager, trying to pick up business along the way.
The boss lived the high life and moved to Ibiza, a small island in the Mediterranean after a few months; and whilst trying to integrate himself into the local music scene, he kept signing up new web, SEO and app projects at zero cost. My colleagues and I kept saying he needed to start charging, but despite his lip service saying otherwise, things didn’t change.
I managed to bring in several contracts covering my salary, but noticed the boss kept drawing against the business finances to fund his lifestyle. In February, alarm bells sounded when he couldn’t pay our full wages. This continued until March when I’d finally had enough and handed in my notice. It’s now October and I still haven’t seen my wages from March-April, despite his assurances I’d be compensated.
According to the 2013 Gallup report managers from hell are “creating active disengagement costing the U.S. an estimated $450 billion to $550 billion annually.” A great deal of this cost comes from excessive employee turnover when the workforce needs to be constantly replaced due to bad bosses’ ability to drive away even the most dedicated employees.
So How Can You Keep Your Best Employees?
- Explain company goals- Great bosses explain what’s expected of their employees. Clear communication lets employees know what’s expected of them.
- Lay out a path for employees- Superior leaders help employees see a clear track to achieving goals. This increases visibility, and allows employees to be closer aligned with company aims.
- Reward those who succeed- Let employees know that hard work pays off and they’ll stay motivated.
- Be a humane boss- See our earlier post
Have any stories of a particularly horrendous or, fingers crossed, an exceptional boss story of your own? We’d love to hear them! Send to email@example.com.