By Rachelle Wilber

A recent poll by Gallup shows that approximately half of employees quit because of a bad boss. Making the wrong promotion decision can have disastrous financial and operational effects on a company. However, by following the five tips below, these potential problems can be avoided.

  1. Reputation
    While nobody is perfect, good managers should have a solid reputation that is built upon integrity, sincerity and hard work. Manager candidates should be able to openly discuss their successes and failures. In fact, being candid about weaknesses is a strength, as long as the individual is committed to personal growth and improvement. In fact, asking previous employees about how they feel about their old manager is one of the best reference checks.
  2. Relationships
    Managers do not have to be social butterflies, but they need to have the right interpersonal and communication skills in order to properly engage others. In truth, they should have better than average relationship management skills. Managers who can successfully engage employees will increase productivity and decrease turnover rates.
  3. Business Acumen
    Business acumen describes the individuals’ integrated comprehension of different aspects of the business world. However, some managers are over focused on their industry or specializations and will lack holistic business acumen. The best managers will have fundamental business skills, but also the curiosity and passion to learn new things. Being this way allows managers to learn new skills and successfully collaborate with others.
  4. Developing Others
    Mediocre managers are generally concerned with day-to-day operations and strengthening their career prospects. However, the best managers are concerned about helping their employees reach their goals and advance their careers. This isn’t limited to positive support and feedback, but also helping employees set and reach professional development goals, such as continuing education.
  5. Higher Education
    In today’s business world, managers are expected to have a master’s degree. For example, a Master’s Degree in Business Administration is one of the most popular business degrees for managerial professionals wishing to advance their career. MBA programs cover a wide range of topics that are critical to the success of any manager. This includes financial reporting, corporate accountability, operations management and organizational behavior. MBA students will also study cutting edge technology solutions and information systems.

Clearly, there notable differences between mediocre and talented managers that decision makers should use when assessing candidates. Managers should have a good reputation, relationship building skills and solid business acumen. They should know how to develop others and be committed to developing their own skills through higher education.

Rachelle Wilber is a freelance writer living in the San Diego, California area. She graduated from San Diego State University with her Bachelor’s Degree in Journalism and Media Studies. She tries to find an interest in all topics and themes, which prompts her writing. When she isn’t on her porch writing in the sun, you can find her shopping, at the beach, or at the gym. Follow her on twitter: @RachelleWilber.