Your calendar and to-do list are probably screaming at you to delegate, but in case that isn’t enough, here are eight evidence-based reasons you should invest in learning how to harness this leadership superpower.
- Increased engagement: Employees who feel their managers delegate effectively are 63% more engaged at work. Source: HBR
- Higher retention: 91% of employees say that receiving more responsibility and autonomy makes them more likely to stay with a company. Source: Deloitte
- Improved efficiency: Delegating decisions to capable team members speeds up response times by 50%, reducing bottlenecks. Source: Forbes
- Increased profits: Leaders who master delegation skills contribute to 21% higher profitability for their organizations. Source: Gallup
- More trust: Teams where leaders delegate responsibility report a 29% higher level of trust in leadership. Source: HBR
- More revenue: Companies that encourage delegation generate 33% more revenue than those with low delegation cultures. Source: Gallup
- Improved leadership effectiveness: CEOs who delegate effectively spend more time on high-value strategic activities and lead businesses with higher performance ratings. Source: Gallup
- Less risk of burnout: Leaders who fail to delegate are more than 3x more likely to experience burnout. Source: Stanford University
Join us for Business Owner Series on April 1 at 9:00 a.m. ET for a rich peer-to-peer panel where like-minded business owners will share the tools, processes, and systems they’ve learned to effectively delegate.
