Employees in high-performing companies are almost four times more likely to say they have great leaders

Attracting and retaining talent is a major challenge for companies, with 71% struggling to find quality employees. Employee retention is a concern, as 38% of employees under two years are likely to look for new jobs. Only 39% of remote workers receive productive feedback from managers, affecting performance.

Strong leadership is linked to financial success, with high-performing companies emphasizing manager feedback and engagement. 83% of financially successful firms credit effective leaders, contrasting with 85% of poorly performing companies citing ineffective leadership.

HR's role in enabling managers to coach and develop teams efficiently is a distinguishing factor in high-performing companies. Companies excel when HR facilitates effective leadership by granting managers time for coaching and development activities.

Read at Fast Company