HOMECURRENT STUDENTSSTAFFLIBRARYALUMNINEWS & EVENTSSHOPDONATE

Good Boss = Good Profits

November 19, 2020
|
Warrick Long

Boost happiness at work and your employees will have a higher level of life satisfaction. Do this, and your organisations’ profitability and health will also increase. These are the research backed claims from a recent McKnisey Quarterly article by Tera Allas and Bill Schaninger (read it here). The article notes that relationships with management are the top factor in employees’ job satisfaction. However, immediate bosses can also be the most stressful aspect of their jobs. So, in short, the article proposes that good bosses result in good performance.

Allas and Schaninger quote research that ’the “servant leader” mentality and disposition enhances both team performance and satisfaction.” Essentially servant leadership is the manager asking, “how do I make my team members’ lives easier – physically, cognitively and emotionally?”

Within the article are four proven practices bosses can adopt in order to put them into the servant leader mode, which are explained really well in the article, but summarised here:

  • Empathy, compassion and vulnerability
  • Gratitude
  • Positivity
  • Awareness and self-care.

In addition to these things the bosses can do, the article also suggests four ways the organisation can support better bosses. Again, the article expands and explains these, which are presented below in point form:

  1. Understanding and conviction
  2. Role-modelling
  3. Skill- and confidence-building
  4. Formal mechanisms.

When organisational practices and bosses work together as servant leaders, employees work satisfaction increases, and so does profitability and health. Everyone’s a winner!

About the author: Dr Warrick Long is an experienced chief financial officer, company secretary and company director, having worked for more than 35 years in the not-for-profit sector. From 2013 to 2024, he was part of the Avondale Business School (ABS) lecturing as a leadership and governance specialist and coordinating the Master of Business Administration and a leadership and governance specialist. Since late 2024 Dr Long has been serving as the Chief Financial and Operations Officer for Avondale University and undertaking some casual lecturing in the ABS. LinkedIn

MBA with a difference

A values-based business education 
Find out more →

News Archive →

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram