Welcome to Darren Daly on demand, your most trusted resource to help you become better every day.

Here's your success mentor, Darren Hardy.

Imagine if somebody tossed you the keys to a jet airplane, but never taught you how to fly it.

Sounds reckless, right? That's exactly what happens

in many companies every day. Studies by the Chartered Management Institute, CMI, found that 82%

of bosses, or people in leadership positions, are what they call accidental managers, leaders

with no formal training in leadership at all. That's like having a majority of planes

in the sky being flown by unlicensed and untrained pilots. And it's no wonder why most

businesses fall out of the sky crash and burn. CMI's research study found that one in four

people in the workforce have management responsibilities, and very few of those

have been trained to do their jobs. Although this is not a new problem, there has been a spike in

staff being promoted into leadership positions without adequate training since the pandemic. In 2019,

the Institute estimated that around 68% or some 2.4 million of the 3.4 million managers

fell into this category. Now the number is 82%. Why? What's happening? Well, the tight labor

market has increased the number of people being promoted simply because they are good at the

functional or the technical aspects of the job,

but have never been actually trained on how to manage and lead human beings effectively.

And because of the multi-generational and increased emotional demand by the modern labor force

for more EQ leaders, the result is this. It's having a significant negative impact on workers' daily

lives. One and three employees is quitting due to poor management. Let's talk about the financial

impact this has on your bottom line. Let's say your business does 20 million, and you have 30

employees. Replacing an employee can cost six to 15 times their annual

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