I have always knew that having a bad boss was a negative thing for everyone, but I did not know that it could be that costly for an organization. This is definitely something to keep in mind as we go forth in our own endeavors. Selecting the right person for a management position is more critical than ever. That is way too much money being left on the table due to poor management!
Post by amandayoung3231 on Feb 15, 2014 20:21:37 GMT -6
That is a crazy amount. But how do you always know that it is a direct of a bad boss? However I do believe that it is all true. When you have a bad boss moral in a company is really low. If the majority of the people in your company aren't happy then no one will be happy. And unhappiness leads to low productivity and much more as listed.
Post by racheleperes on Feb 15, 2014 20:59:55 GMT -6
I find this video very relate-able. I was in a bad boss situation not too long ago. I would dread going to work everyday because everyday I knew that I would be called stupid or be told that I need to learn to read and write properly. Often times, I was told that I had no idea as to what I was doing. My former boss would yell at me in front of patients and would blame me for why patients never came in; and in all honestly, if I were one of his patients and I witnessed the way he spoke to his employees, I would not return either. By the end of my working life at that office, I found that I was extremely anxious and always nervous, especially whenever he would come into the office or call me on the phone. A bad boss does not realize how much of an effect they are putting on their business by being a bad boss. Not only do they lose profits, but employee work ethics go down a big amount because they are afraid of messing something up. I know that's how it was for me.
It definitely does cost the economy as well as a company when there is a terrible boss. People have admitted to being verbally and emotionally abused by their boss. Those people are more susceptible to chronic stress, depression and anxiety. These can lead to an increase in a lower immune system and heart attacks costing workdays and heath care. Legal fees are also another cost involved when situations escalate.
The video raises some good points. However, these costs are hard to verify. I can see how turnover and lower productivity could result from poor management but attributing health costs to bad management is a bit much. I've both seen as well as experienced the stress brought on by verbal abuse in the workplace and can see how this could cost employers. Turnover and morale is directly linked with productivity. As I continue my career, I plan to use past experiences, as well as outside sources to ensure that I do not develop bad habits.
Last Edit: Feb 16, 2014 16:18:39 GMT -6 by sdoescher
Post by Jessica Aucoin on Feb 16, 2014 19:04:07 GMT -6
Having a bad boss can be very costly to a business. I believe that when you work for a boss, you are doing everything in your power to make their dream for the company come true. However, if you don’t like them, then it can cause procrastination. I know that when I have to do a really stressful assignment for a professor I don’t particularly like, I sometimes tend to put it off until the last minute. I’ll spend more time stressing about if the assignment will be good enough for the professor instead of actually getting it done. It is not a fun place to be in and I can’t imagine having a horrible boss. You’re supposed to love your job and it’s terrible to see some of the horrible bosses who ruin that job for employees.
Post by nataliedodds on Feb 17, 2014 11:40:25 GMT -6
Unfortunately, bad bosses are far too common. I definitely think a boss should have strict regulations and expectations. However, when employees are literally afraid to approach their boss there is something wrong. When an employee doesn't feel comfortable communicating with their boss, how is the task at hand really going to get done? Employees usually will only stay in this type of circumstance for so long. It's important for companies to hire bosses who are reachable and open.
WOW! I have never experienced this, but for people who have dang i feel for you and your heath and physical being. Now a days if this happen to me find another job. Because if you are not happy and your boss just points out negatives and how well you are not doing then get out who wants to come to work and be emotionally abused.
Post by meganlynch on Feb 17, 2014 23:27:37 GMT -6
Bad bosses take a toll on their employees. It causes so many negative effects when the person in charge is not behaving as a leader should. This creates stress and poor productivity. My mother has been in a position where she and her boss were not getting along. She wanted to quit for a long time, but this is not an option everyone can take. My mom and her boss have since resolved most of their issues, but my mom still feels under appreciated. Luckily, there are other managers and bosses that she receives thanks from for all that she does. When bosses are not acting fairly or appreciative, it creates a bad environment all around. Bad bosses are not conducive to productive working atmospheres.
Post by brittanycompton on Feb 19, 2014 0:01:48 GMT -6
I think this is one video that everyone can relate to. I know I have had A bad boss in the past. Having this boss did not only cause me emotional stress but I never wanted to work or when I was at work I felt like I never wanted to perform at my highest performance. It really does take a toll on someone who is in this situation., In the future when I am the boss i will look at my past experiences with bad bosses and take what they video has said into consideration. Corporations really do suffer when these higher level authority are not good bosses. They have a higher turnover rate which causes them to lose even more money at the end.
Post by codylejeune on Feb 19, 2014 14:23:25 GMT -6
I can relate to this video, because I used to be a manager. When I was a manager, I was thrown into the position without any training or anything. I was just told my new responsibilities. One day on the job I was confronted by one of my employees and he told me I was not doing the best that I could do, that I was starting to make other people mad. Me realizing this made me realize what I was doing wrong even though I had no idea it was wrong until I was confromted.
Post by mwinner123 on Feb 20, 2014 23:41:05 GMT -6
I must say that I am not surprised about the actual expenses that a bad boss costs each company. The problem is that this is an issue in almost every business. Each person in the business is their to work, support his or her family, and be productive. However, 80% of their days sometimes seem to be spent simply arguing with the bosses or being overloaded with work because the boss doesn't feel as though he or she is obligated to do it. A bad boss can easily lead to large productivity losses and loss of employees within the company. It's all in the same context of an army, team, etc. Without an effective leader, the entire team suffers and will usually fall apart. If the team doesn't have someone whom they can comfortably look to for help, then that team is destined to fail. Our employee productivity depends on our employee engagement. If we can increase our engagement and increase the morale of our company with the leaders that we place in authority, our business will begin to prosper and move forward with growth.
Post by halearnold on Feb 23, 2014 18:59:43 GMT -6
I think I am still recovering from my bad boss. I hope that I am never a bad boss. I will not forget what it is like to be the one who stress level, anxiety, family and life in general suffers because of someone with a "boss" title. By them putting this into perspective and providing the facts, it is more than just how an individual 'suffers' it's the bottom line effect as well. So in most cases if they don't care about YOU, they do care about $$$ so point out the work quality compromise or just share the video with them.
There are always bad bosses in every business. This video is so true, if you don't like who you work for, you will make your self sick. Just because you have so much stress and you just don't want to go to work. Losing 160 thousand dollars a year just because of a bad boss is crazy. There should be training a boss must go through and then have follow up sessions to make sure they are doing their job.
Post by jimmykotter on Feb 25, 2014 13:41:04 GMT -6
this video brings up a good point. Ive been in a situation where my managers were not very positive, were not solution minded, failed to have clear communication skills. made me feel like the company wasn't going anywhere and ultimately made me feel like i wasn't going anywhere. honestly being in a situation like that stinks. so if you have a company with poor management than you've already got an up hill battle in trying to compete in the market place.
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