National Boss Day: Latest Study Show Bad Bosses Cost $360 Bln A Year in Lost Productivity

Today is National Boss Day and a recent survey shows surprisingly that 65 percent of employees would rather have a better boss than get a pay raise.

According to the study conducted by Michelle McQuaid of TellYourBoss.com, bosses are leaving Americans feeling unappreciated, uninspired, lonely, and miserable.

"This current situation in the workplace is taking an incredible personal toll on employees and for organizations, it is costing $360 billion a year in lost productivity," said McQuaid.

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McQuaid also found that approximately one-third of employees feel unappreciated by their boss. Close to 70 percent of those polled said they would be happier at work if they got along better with their employer.

Thirty-one percent of employees polled feel uninspired and unappreciated by their boss and close to 15 percent feel downright miserable, bored and lonely. The results are based on an August poll of 1,000 respondents.

McQuaid also wrote the book, '5 Reasons to Tell your Boss to Go F**K Themselves,' which offers 24 proven ways to make a bad boss better.

National Boss Day began in in 1958 when Patricia Bays Haroski, then an employee at State Farm Insurance Company in Deerfield, IL, registered the holiday with the U.S. Chamber of Commerce.

Haroski chose October 16, her father's birthday, as the date for National Boss Day because she felt he was an exemplary boss. National Boss Day has become an international celebration in recent years and is now observed in countries such as England, Australia and South Africa.