Poor Work Culture Costs Billions A Year
June 19th, 2009
Poor work culture and a lack of workplace leadership are costing NZ businesses more than $2.6bn a year. Culture & leadership expert Paddy Steinfort says Kiwi companies are flushing money down the toilet through low productivity. Research shows less than half of employees trust their bosses, and 25% simply don’t care about their jobs. Steinfort says it’s astonishing businesses are allowing so much money to be wasted at a time when financial pressures are greater than ever.
Steinfort says these figures suggest workers are spending a lot of time at work second guessing, resisting or even undermining their organisation’s plans instead of implementing them, which hits the bottom line severely in unproductive wages.
The worrying results of two separate independent online surveys of employees from across NZ found:
• Only 45% have trust and confidence in their leaders at work.
• Just 47% feel their leaders’ management style improves their productivity.
• More than a quarter of employees under the age of 40 aren’t clear on, or simply don’t care about their organisation’s goals.
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