A leader impacts an organization and his or her team by setting direction, inspiring others, developing staff, driving performance, and much more. This huge span of influence can determine the health of a company, so leader failure can have a detrimental impact. According to HBR.org, over 50% of employees quit their jobs because of their managers, 30%-60% of leaders act destructively, and each failed leader can cost organizations $1-$2.7 million.
The financial burden (consider the costs of selection, recruitment, onboarding, and training), in addition to the disruption of employee morale and public perceptions of the organization, is the reason organizations should ensure proper leader selection and development. This infographic outlines seven qualities, like emotional intelligence, learning agility, and influence, that leaders should have to be successful in their roles.
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Research has shown that the most effective leaders have more competence in emotional intelligence. Check out this whitepaper to find out why EQ is important in the selection and development of your leaders.