Companies with high levels of employee engagement improved 19.2% in operating income while companies with low levels of engagement declined 32.7% over the same study period. Towers Perrin: Global Survey (2006). The link between good leadership and profit has been proven over and over. Employee engagement, which is the critical indicator is more affected by what Managers do than what executives do. So why do companies focus time and money pampering executives and leave the ranks of managers of managers to figure it out on their own? This makes no sense.
Managers in the middle of the organisation touch more people every day than executives. They are the company for most employees and what they do and how they lead really matters. Simple adjustments can make a world of difference.