11/08/2023

Fear-based Leaders Drive Productivity Losses

This leads to $36 billion in annual productivity losses

People can be motivated by a range of emotions, and a key one is driving corporate managers in today's workplaces — fear.

A third of corporate leaders are primarily motivated by fear, creating less efficient and less psychologically safe work environments that cost nearly $36 billion annually in lost productivity, a new survey has found.

Fear-based leaders lose an estimated 10 hours a week in productivity for their companies, adding up to about $29,000 a year per leader or $36 billion annually, according to the survey from Love Leadership and First & First consulting, conducted this September. It included responses from over 2,000 managers aged 24 to 54 years old at companies with 500 or more employees in the U.S., U.K. and Australia.

Please select this link to read the complete article from WorkLife.