A vast majority of senior executives view employee disengagement as one of the biggest threats to their business, yet most companies ignore the problems caused by disengaged employees. Moreover, a recent study on this issue has found that 47% of C-suite executives believe that they are responsible for employee engagement. However, the truth is that it is the line managers and middle managers who are chiefly responsible. Another study has found that the differences in work climate created by line managers can be responsible for up to 30% variance in business results.
Source: Management Issues