It’s harder than you’d think to measure the value of a boss. But some enterprising economists have done just that -- and the news is good.
The Stanford economist Edward Lazear, with his co-authors Kathryn Shaw and Christopher Stanton, analyzed data from a company that has 23,000 employees and 2,000 bosses. From this data, they were able to track individual bosses and see how much a good boss can improve productivity. Their answer: about 10 percent.
Lazear also talks about one of his old bosses -- President George W. Bush -- and we hear from another boss who tells us that humility and a sense of humor are among the most valuable things a boss can offer.
“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VABEFORE YOU GO