Leadership has an impacton working life

Employees switch jobs for career advancement as well as due to bad leadership. Adults under the age of 40 living in Finland hope that the leadership culture will change in the future to be more humane, diverse, and equal.

According to the Leadership Barometer conducted by the Finnish Chamber of Commerce, the TYÖ2030 program and the Institute of Occupational Health, 36 percent of those who responded to the survey considered changing jobs.

Poorly managed organizations bear the greatest burden. Almost everyone, i.e. 90 percent of the respondents had encountered bad management in their working career. 64 percent of the respondents experienced negative effects to their well-being at work due to bad leadership. The biggest reasons for experiences of bad management were the manager's incompetence, communication problems, uneven distribution of resources, and a mismatch between the contribution at work and compensation for work.

- Better leadership is reflected in better well-being at work and better profitability of companies. The cost of bad leadership can be terrible from both a human and financial point of view, says Mari Männistö, chairman of the board of the Suomen Nuorkauppakamarit ry.

Leadership and Change

Only a fifth of the respondents were satisfied with how leadership is currently understood in Finnish working life.

In the future, competency in change management will be needed from the manager, and the importance of responsibility will be emphasized. Forces that will shape leadership in the future include workplace independence, digitalization, responsibility, and meaningfulness of work.
- How can we make decisions about the future of working life if we don't know what the young, future leaders think? In the TYÖ2030 program, together with young people, we want to promote leadership that increases well-being and that supports us in the transformation of work and the related reform needs. The leadership barometer is a great opportunity to support the multi-voiced discussion related to leadership and to monitor the change related to it, saysTYÖ2030 program director Sanna Kulmala.

The aim of the Leadership Barometer study by Suomen Nuorkauppakamarit ry, the TYÖ2030 program and the Institute of Occupational Health was to find out what are the perceptions about leadership in companies, what kind of leadership young people want, and to look for silent signals about what kind of management and organizational models Finnish companies can use to succeed globally in the future. 973 adults under the age of 40 responded to the leadership barometer.

 

Leadership barometer (in Finnish)