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An unhealthy working environment is a key variable that could lead to 50% of managers leaving their organization in the next year, according to a survey of 500 managers by online training platform for businesses, TalentLMS, in partnership with Dr. Ashley Prisant from Harvard University.
The survey report reveals the reasons why managers stay loyal to their companies and what makes them consider leaving.
The top factors that drive managers away, besides being underpaid, are an unhealthy working environment, not being part of the decision-making process, and insufficient training and development opportunities.
Among the key survey findings were:
- 70% of managers said they feel undervalued and underpaid.
- 43% feel isolated at work after they became managers.
- 61% said that the number one reason they stay is that they work well with the people they manage.
On the other hand, among the top reasons why managers stay at their current companies, besides compensation, are: the people they manage (61%), decision-making power (49%), work-life balance (44%), feeling acknowledged (37%) and training opportunities (36%).
The report also looked into whether managers feel taken care of. As it turns out, 93% have a go-to person, while 7% said they have no one to rely on at work.
“Should others be taking care of managers? Are they doing enough to take care of themselves? A lot of people say, ‘My senior people don’t support me’ — but they do nothing to improve their own world,” said Dr. Prisant.