“If you’re not growing, if you’re not giving people challenging things to work on, if you’re not holding out the promise of creating some personal wealth during one of the frothiest technology markets in modern history, and if your people don’t ultimately believe in your ability to deliver across that whole spectrum, you’re toast.”– Greg Cohn, Senior Director, Business Strategy at Yahoo, commenting on the mass exodus Yahoo is expecting in early 2012.  Cohn left Yahoo in October to start his own technology company.

Regardless of the industry you are in, the reason for employee and management turnover is always the same; leadership is failing.  People often blame their industry, products, the compensation or anything else they can think of to mask the problem, but ultimately the burden of turnover falls on leadership.

The responsibility of a leader is to drive growth, develop a challenging and rewarding culture and create a vision that employees and top management can believe in.  The relationship between turnover and leadership can not be minimized; excessive turnover mean that leadership is failing.

Dirk Gorman,

Capable Leadership, LLC

http://online.wsj.com/article/SB10001424052970204083204577078403954893904.html