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The Habits of Highly Effective Leaders

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The Habits of Highly Effective Leaders

How Strong Leadership Impacts the Bottom Line

Organizations of all shapes and sizes are under immense pressure to retain good talent.

High employee turnover can directly impact a company’s bottom line—with many studies suggesting poor leadership is one of the main causes.

Today’s infographic from Online PhD Degrees explores what it takes to be an strong leader, and the behaviors of poor leaders that should be avoided at all costs.

In today’s rapidly changing world, how can the qualities of a strong leader positively shape a company’s future?

The Benefits of Investing in Leadership

Effective leadership is worth its weight in gold, with 58% of employees claiming they would choose having a great boss over a higher salary.

Not only that, 94% of employees with great bosses feel passionate about their jobーnearly twice as many as those working for a bad boss. A strong leader increases employee loyalty, creating a conducive environment for reaching a company’s goals.

In fact, research shows that companies with strong leaders are crucial when it comes to outperforming industry competitors and are three times more prepared to react to the speed of change. Moreover, a company with a strong leader is almost five times more likely to have higher customer engagement and retention rates.

How to Lead Effectively

While each company has its own processes and demands different skill sets, there are core behaviors that separate leaders from managers:

  • Clear Purpose: Clearly articulating the company’s future vision to all levels of staff in a clear and concise way.
  • Contagious Passion: While managers light fires under people to motivate them, leaders light fires in people.
  • Self-Accountability: The expectation to work harder than employees and set a standard of excellence.
  • Flexible Determination: Leaders are agile and open to change.
  • Sustainable Outlook: Focusing on long-term goals proves to a team that a leader is invested in the long-haul.
  • Dual Focus: Beyond thinking big picture, leaders provide employees with a clear and actionable strategy for success.
    • Effective leaders are born from this combination of behaviors. However, one of them has the farthest-reaching impact, both on employees and a company’s bottom line: purpose.

      Purpose and Performance

      The Global Leadership Forecast finds that a strong and well-executed purpose can build organizational resilience and improve long-term financial performance.

      effective leadership purpose

      Leaders who amplify an organization’s purpose create a culture of optimism where employees feel safe in proposing new ideas that will shape the trajectory of a company.

      The Future of Leadership

      To stay competitive, continuous learning and re-skilling should be at the heart of every organization’s leadership strategy. Leaders of the future should possess the ability to redesign jobs in a more fluid way and lean in to the changing nature of work.

      “If we don’t disrupt our business, somebody else is going to do it for us.”

      —McKinsey Analysts

      While management is a foundational skill, organizations need to invest in their leaders to ensure constant growth. Embracing the traits of an effective leader can not only provide improved returns—it also empowers organizations to thrive in an uncertain future.

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Ranked: America’s Best Places to Work in 2024

Glassdoor’s annual list is determined by an algorithm that converts reviews to ratings—here are America’s 15 best places to work since 2020.

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A cropped chart with Glassdoor's top 15 ranking of America's Best Places to Work since 2020.

Which Companies Are Considered America’s Best Places to Work?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Research is divided on when is the best time to look for a new job, but it’s undeniable that a new year tends to hasten psychological effects: new beginnings, fresh clarity, and a renewed purpose. So for those on the lookout, it’s also useful to know which companies are the best places to work in the country—as rated by their employees.

Based on data gathered by recruiting website Glassdoor, here are America’s top 15 best places to work in 2024.

Glassdoor’s results are determined by their ‘proprietary algorithm’ which converts workplace reviews (rating companies on nine attributes like compensation, benefits, culture, etc.) from current and former employees, into a ranking. To read their full methodology, visit their website.

Ranked: America’s Best Places to Work in 2024

Based in Boston, Massachusetts, consulting firm Bain & Company is the best place to work in 2024 according to their employees on Glassdoor. The company’s page specifies what makes them so good: benefits, reliable teammates, growth opportunities, and crucially, strong leadership.

Here’s America’s top 15 best places to work in in 2024.

Rank Best Places to Work (2024)
1Bain & Company
2NVIDIA
3ServiceNow
4MathWorks
5Procore Technologies
6In-N-Out Burger
7VMware
8Deltek
92020 Companies
10Fidelity Investments
11Crew Carwash
12Keller Williams
13Delta Air Lines
14Raymond James Financial
15Adobe

Chipmaker Nvidia, whose stock has been on a tear in the last year, ranks second. Reviews cite work flexibility, workplace culture, and of course, focused leadership. In fact, Jensen Huang was recently rated America’s most popular CEO by professional social networking site Blind.

Three mid-sized tech companies, ServiceNow (cloud computing), MathWorks (mathematical computing software), and Procore Technologies (construction management software), round out the top five best workplaces in America.

Ranked in sixth is a break from the norm so far: beloved fast food place, In-N-Out Burger.

Missing from 2024’s list is Google which has dropped to 26th from eigth place in 2023. By doing so: no Big Tech company features in the top 15 best places to work for the first time in five years.

Rank 2020202120222023
1HubSpotBain & CoNVIDIAGainsight
2Bain & CoNVIDIAHubSpotBox
3DocuSignIn-N-Out BurgerBain & CoBain & Co
4In-N-Out BurgerHubSpoteXp RealtyMcKinsey
5Sammons Financial
Group
McKinseyBoxNVIDIA
6Lawrence Livermore
National Lab
GoogleBCGMathWorks
7Intuitive SurgicalDelta Air LinesGoogleBCG
8UKGLululemonVeterans United
Home Loans
Google
9VIPKidMicrosoftLululemonServiceNow
10Southwest AirlinesH E B SalesforceIn-N-Out Burger
11GoogleMetaRoyal Caribbean
Group
HubSpot
12LinkedInBCGNASA Jet
Propulsion
Slalom
13BCGLinkedInFive9Microsoft
14Trader Joe'sStrykerTwilioAdobe
15CoverMyMedsDocuSign
Johns Hopkins
Applied Physics
CrowdStrike

In fact, Big Tech does surprisingly poorly on these rankings despite the record profit and revenue they pull in every year.

Tech & Consulting Losing Sheen

A chart showing Glassdoor's rankings of major tech and consulting companies on their Best Places to Work list since 2019.

Apple for example has never been ranked higher than 31—which they achieved back in 2021.

Microsoft and Meta have done better in the past, but together with Google have slid down Glassdoor’s rankings rapidly, in conjunction with the recurring mass layoffs they’ve executed in the last two years.

And while Bain & Co head this year’s list, other major players in the same space—Boston Consulting Group and McKinsey & Company—are now at their worst ranks since 2019.

Smaller consulting firms have been struggling in the last year or so, as higher interest rates have hit everything from technology companies, to banks, to real estate conglomerates—all usual clients for consulting companies.

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