Organisations with great leaders are more profitable and successful – staggeringly so – than organisations with poor leaders according to research recently released by the Ministry of Economic Development.

Shifting up just one point on the Management Capability Index, which indexes a company’s leadership performance, translates to an estimated $46,000 increase in profit per employee, 17% increase in sales and staff retention lifting by 30%.

The findings aren’t new; there’s a plethora of international research showing a strong correlation between good employee communication and profitability, and leadership and profitability.