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.
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 [email protected].
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 > [email protected]
Media Contact
Stacia Garr, RedThread Research, 2029574130, [email protected], https://www.redthreadresearch.com
SOURCE RedThread Research
Share this article