RedThread Research has unveiled the findings in their latest
study, "Manager Effectiveness: It's Time to Fix This Problem,"
revealing a 19-point drop in manager effectiveness since 2020. Only
35% of employees in 2023 viewed their managers as highly effective,
a stark contrast to previous years and sure to have significant
repercussions on employee productivity, engagement, and net
promoter scores. This research expands on RedThread's April trends
report, "Managers in 2024: Help Needed." Both recent studies
highlight the urgent need for organizations to enhance managerial
support and adapt to rapidly changing workplace dynamics.
WOODSIDE, Calif., July 26,
2024 /PRNewswire-PRWeb/
-- RedThread Research, human capital
analysts and thought leaders, have unveiled new research on manager
effectiveness: "Manager Effectiveness: It's Time to Fix This
Problem," https://members.redthreadresearch.com/posts/performance-final-report-manager-effectiveness-its-time-to-fix-this-problem
which found a 19-point drop in manager effectiveness over the
past four years.
"35% of employees believe their managers
are great at enabling them to work effectively," said Stacia Garr. "Organizations have a real chance
to step up and proactively equip managers with the tools and
resources to succeed — including always-on guidance, removing
barriers, and earning trust."
This research follows RedThread's trends report, "Managers in
2024: Help Needed,"
https://members.redthreadresearch.com/posts/performance-final-report-managers-in-2024-help-needed-59358974
published in April as part of the research firm's growing body of
work around manager effectiveness and enablement. Together, the
reports emphasize the urgent need for enhanced managerial support
amidst changing workplace dynamics.
The latest research observes a shocking and significant decline
in manager effectiveness since 2020. In 2023, only just over a
third of employees said their manager was highly effective at
enabling them to do their work most effectively — a 19-point drop
with lasting repercussions on employee NPS, productivity, and
engagement. This report is timely as managers are facing more
intense pressure from new challenges such as AI adoption driving
feelings of hope and anxiety, increased scrutiny of labor
practices, and both mounting hiring struggles and dwindling
resources.
When employees believe their managers are highly effective,
according to the report, they are:
-3.16x more likely to give a positive NPS score
-1.8x more likely to report themselves as productive
-1.7x more likely to be highly engaged
"35% of employees in 2023 believe their managers are great at
enabling them to work effectively," said Stacia Garr, RedThread co-founder and principal
analyst. "And we see a real opportunity for managers to better
enable younger workers. Organizations have a real chance to step up
and proactively equip managers with the tools and resources to
succeed. That means offering always-on guidance, removing barriers,
and earning their trust."
The new report also outlines six practices that RedThread has
identified that organizations must improve for managers to be
highly effective and the impact these practices can have on
critical business and talent outcomes. These practices are grouped
under three action areas: providing always-on direction, removing
barriers employees can't overcome, and building trust.
This latest research follows RedThread's April publication of
their trends report, "Managers in 2024: Help Needed,"
https://members.redthreadresearch.com/posts/performance-final-report-managers-in-2024-help-needed-59358974
which unpacks the struggles managers face in fostering employee
growth, facilitating effective communication, and encouraging
innovative thinking. That research noted a marked reduction in
managers' ability to remove barriers, help employees learn from
their mistakes, and help them prioritize their goals, with
significant impacts on manager-employee relationships and overall
workplace morale.
Learn more about the findings in this free infographic
https://members.redthreadresearch.com/posts/performance-infographic-fixing-manager-effectiveness-in-2024,
which is available to RedThread Community members.
Not a RedThread Community member? You can be. Anyone can join
the RedThread Community
https://landing.redthreadresearch.com/membership2 free of charge.
Membership includes access to member events like this — as well as
exclusive insights into cutting-edge research and a platform for
discussing news and pressing challenges with industry peers.
To further engage with these two reports, RedThread founder
Stacia Garr and senior analyst,
Priyanka Mehrotra, will host a
60-minute live huddle on August 14,
for RedThread research members
https://landing.redthreadresearch.com/membership2. Attendees will
have the chance to ask questions and share their challenges and
experiences around enabling managers.
For more information or to join the RedThread Research community
or Tech Consortium, please visit the RedThread website or email
hello@redthreadresearch.com.
About RedThread Research
At RedThread Research, we get it.
Sure, we're experts in performance, people analytics, learning,
and D&I – and we're well-versed in the technologies that
support them. But we're also truth-seekers and storytellers in an
industry often short on substance, and too full of #!%. Our mission
(indeed, our very reason for existing) is to cut through the noise,
and amplify what's good. We look for the connections (or red
threads) between people, data, and ideas – even among seemingly
unrelated concepts. The result is high-quality, unbiased,
transformative foresight that helps you build a stronger
business.
To learn more, visit http://www.redthreadresearch.com
Stacia Garr
RedThread Research
202-957-4130
Email > stacia@redthreadresearch.com
Media Contact
Stacia Garr, RedThread Research,
2029574130, stacia@redthreadresearch.com,
https://www.redthreadresearch.com
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SOURCE RedThread Research