Why is Google still one of the leading tech businesses in the world?
It’s not just due to their pioneering technology, but their business culture which creates environments conducive to creating innovating and pioneering technology.
Typical criteria of success among businesses tend to centre on skill sets, digital presence, marketing strategy, and streamlined financials. But what’s not taken into account as criteria for success, is team happiness.
And getting the best out of your team is directly related to how trusted, valued and empowered they feel.
So what 3 ways can this be done?
The Hierarchy of Team Productivity
How do you increase team trust, value & empowerment?
1. Promote flexible work environments such as ROWE stands for Results Only Work Environment, where as long as the results are reached, team members can work anywhere at any hours.
This independence and level of trust instils a sense of empowerment in that reassures not only ability but builds passion and willingness.
2. Make sure you have a top-level resource devoted to business growth and development. Specialist business directional and development coaches are invaluable in gaging where a business is, the direction it needs to go, and how to get there in the most streamlined, leanest way possible.
If business development is managed with organisation, structured goals and specialist knowledge, this will filter through to the smooth running of day-to-day operations.
3. As well as top-level business management, team management is crucial to avoiding overload, burnout and in time, staff turnover. A national survey from the Employment Engagement Series found that 46% of HR leaders say employee burnout accounts for 20-50% of annual workforce turnover.
Knowing when to outsource extra resources is crucial to making your team feel valued and empowered instead of overworked and forgotten. Gaging when the resource-to-workload ratio is tipping and outsourcing before it negatively impacts the team's interest, motivation, and work delivery, will reap benefits that will generate sustained business growth.
The importance of workforce retention and turnover reduction is clear and reinforced by a study from Future Workforce and Kronos that found that 87% of employers ranked improving retention as a critical priority matter.Howto retain workforces, while maximising team productivity and boosting business growth, is high on many agendas and the ways outlined above are examples of proven, practical and effective ways to do so.
For more information on team productivity and how it can impact business growth, visit Three major misconceptions preventing business growth