TD Magazine Article
Member Benefit
Published Sun Jan 01 2006
The article discusses the ongoing trend of leaving of companies by middle managers in the U.S. A survey conducted by Clear Rock, an executive coaching and outplacement firm based in Boston, shows that the managers at the middle level are leaving the firms with twice the rate of senior level executives. The reason behind such shift is thought to be the availability of flourishing job market. There has been a greater demand of middle managers and they are performing at higher levels. The survey reports that there has been an increase in turnover of companies among middle managers. Also, the efforts from companies to retain middle managers had been less successful than their efforts for retaining senior executives. It is also explained that middle managers are handling a large number of employees but for that they are not properly trained. The article also shows the ways in which companies are adopting to retain their middle managers. It also presents a graph which summarizes ways in which organizations can retain middle managers.
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ISSUE
Companies are Losing Middle Managers