40% of all managers and executives fail within 18 months of their new assignments. The majority of these managers failed because of their inability to build good working relationships.
Research shows that 40% of all managers and executives fail within 18 months of a promotion. That means for 40% of all potential managers, a promotion is literally the “kiss of death.” Not surprisingly, the problem doesn’t lie in the manager’s technical abilities. 82% of these managers failed due to their inability to build good relationships.
When you consider the loss of production, the cost of replacing the manager, the hours of coaching from the manager’s superiors and the effect this trend has on morale, the cost to the corporation can be catastrophic not to mention the ruined career of the manager. If your organization is having trouble with the overall performance of its new managers, ask Tony, the coporate relationship expert to come in and train these managers on all of the skills necessary to succeed in their new role.
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