Employees don’t like working for creative managers

Employees don’t like working for creative managers

By Carl Tsukahara 11 hours ago

It’s a commonly held workplace belief that employees who succeed in their current roles should be rewarded with the chance to manage other employees. But big data reveals that what might be prized qualities for an employee are not necessarily traits that drive managerial success.Managers are the single most important influence on how long an employee stays at her job by a factor of six, which means that effective managers are essential to a healthy and engaged company culture. Attrition and engagement are material concerns for most businesses—employees who are unengaged cost the economy $350 billion yearly, according to a Gallup poll and “corporate directors identified talent management as their single greatest strategic challenge,” according toHarvard Business Review study.

New data from Evolv reveals which leadership characteristics actually drive performance in an organization. The conclusions go against conventional, intuition-based business school wisdom from academics like Peter DruckerMichael Porter and Dale Carnegie, perhaps because these luminaries didn’t have to deal with the challenges of today’s globalized and technical workforce.

Are potentially good managers being overlooked because they don’t exhibit traditionally accepted “good” employee traits? Evolv’s research, conducted in 13 countries, 18 industries and across 500 million data points, debunk two common management myths: 

Myth: “Managers who are creative are effective.”

Truth: Employees don’t like working for creative managers. The higher managers test on the innovation and creativity scale, the more likely employees in customer-facing, front line roles are to leave. Idris Mootee recently argued in New York Times that management’s function isn’t about creating, but rather “ensuring that repetitive tasks were completed, improving economic efficiency, maximizing labor and machine productivity. Not a lot of creativity is needed; in fact, it might even be inefficient.”

Myth: “The more educated my workforce is as a whole, the better employees will do—even in hourly positions.”
Truth: Education and experience do matter for leaders, but not for employees. For managers, having a technical degree, bachelor’s degree, or graduate degree allows managers to retain their employees at a higher rate. But for non-managerial roles, education does not serve as a predictor of performance at all. This finding comes at a time when college costs skyrocket; and the value of collegehas come into question for every American child.

Managers matter even more as our workforce becomes more elastic and organization, more flat. Deloitte’s Human Capital Trends 2013 report finds that the single greatest challenge to effective management is managers’ ability to coach employees well. Picking the right people is, at the very least, a good place to start.

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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