A good leader is someone who has the power to properly navigate a company through the treacherous waters of the corporate world. He or she is able to provide employees with a clear vision, and motivate them to work toward it. If you're lacking skills in the leadership department, then your overall performance as a company is suffering. Take a look at some of the ways your inability to lead is affecting your company.
Morale is Low
One of the primary gifts a leader possesses is the ability to assess the strengths and weaknesses of individual employees. He or she is able to use those assessments to relate to them and provide encouragement. This builds positive lines of communication between them, and helps everyone to better understand their significance in the process.
If you are not taking the time to build up your employees, then you are setting yourself up for a disaster. Without your encouragement, employees have no way of understanding their significance or role in the company. Without that understanding, they are left feeling disconnected from the company's mission. This lack of morale will ultimately reduce overall productivity.
High Employee Turnover
Employees tend to enjoy working for companies with leaders who are both confident and relatable. They enjoy their jobs when their leaders are kind, respectful, and willing to communicate openly. It reassures them and allows them to work without feeling on edge. Employees under this form of leadership are more inclined to stay put.
If you are a poor leader, then employees are less inclined to want to continue working under you. Leaders who run from necessary conflicts - or instigate unnecessary ones - create hostile work environments with employees who are ready to bolt. This high turnover rate will force you to spend unnecessary funds training an endless stream of new employees.
Loss of Productivity
One of the things a great leader does is establish a clear vision for the company. He or she keeps that vision in mind and uses it to direct each employee. Once employees understand that vision, they are able to properly focus their efforts. This enables them to produce work more efficiently.
Unfortunately, the opposite is true for weak leaders. Failing to provide your staff with a clear, long-term vision will stifle progress. Employees will only focus on individual tasks. Without a specific target to aim towards, employees will wander aimlessly.