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5 WAYS TO INCREASE EMPLOYEE SUCCESS
Investing in the success of your employees comes in many forms and can have varying impact. I believe there are 5 key ways to ensure your team is on the path to success that can’t be missed. Take a look, comment, and let me know if you have any additional ways in which you ensure your team is successful as a leader in your industry.
1. Education and Certifications
One of the key ways to build more confidence on the job is to gain relevant knowledge that will make you more effective and proficient at your craft. Providing a self-paced platform that your employees can access in their spare time is crucial to them learning more about their job and industry as a whole. This platform could come in the form of a company provided online university or sponsored education. Both of these are a great way for your employees to gain certifications in their industry. Another great vehicle for this is allowing your employees to attend professional development conferences. These conferences may offer little in terms of industry product knowledge but ensuring your people understand their value both personally and professionally sets them up for success as a whole.
2. One on Ones With Top Leadership
Top executives tend to delegate the development of their employees to the hiring managers and very rarely does the open door policy apply to the C-suite, but I think it should. Your employees should feel that they can communicate their wins and loses, concerns, and desires to grow without political restrictions. One on ones with top leadership are a fantastic way to ensure this happens. I have also found that having one on ones with employees is a great way for leadership to get a pulse check on company culture, customer experience, and employee morale first hand.
3. Use Effective Communication Tools
Communication is an intricate part to success. Tools that increase the speed and ease in which your employees can communicate both internally and externally are critical to the success of operations and to your employees. Below is a list of communication centric tools that can be leveraged in the workplace. Some you may be familiar with and some may be worth checking out.
Skype for Business
Workplace by FaceBook
4. Interactive Forum
Whether through a collaboration tool or through an online discussion board, it is important for companies to provide their employees with an interactive forum. In doing so, the company can ensure all employees have access and can share best practices, company policies, global updates, and leverage employee resources real time. Additionally, interactive forums can be a powerful tool for distributed workforces or for employees that work in different timezones. These forums can be developed in-house or can be purchased and integrated with your existing applications.
5. Pay Them More
That’s right, I say pay them more. You never want to lose great talent because you underpaid or simply paid what everyone else is willing to pay. The easiest way to ensure your employees stay and work without financial distraction is to pay them more than your competitors will. This could be through the form of salary, bonus, or something out of the box. In 2015 HilCorp Energy announced that it was giving its almost 1400 employees at the time a $100,000 bonus. In previous years the company offered its employees a $50K car or the option of $35K in cash. Understanding that every company can’t afford to dish out this amount of cash to its employees, it’s important to make sure your employees feel that they are adequately paid, appreciated, and incentivized to perform at work.
Are You Evaluating A Technology Partner? As a founder, the most critical decisions I’ve made was determining which technology partners I would leverage to take a product or service to market and the impact that technology would have on revenue long term. Stay with me as I shed light on what I look for in technology partners today and how I determine their true value.
With an abundance of technology partners out there to choose from, deciding between technology A, B, or C can be somewhat complex. As a “rule of thumb,” cost is never my deciding factor. We’ve all heard the saying, “you get what you pay for” and that saying couldn’t be more accurate. Below I’ve listed my top three “must haves” in a technology partner today. Relevant Past Performance For those technology partners that service more than one vertical, this “must have” is especially important to me. I need to know that the technology has been successfully deployed and supported for my specific vertical. For this requirement, I …
Alexandria Ocasio-Cortez has made the news advocating for climate change and positioning legislation around her “Green New Deal.” Several states have also offered up legislation and mandates for the utilization of renewable energy. But what will it really take to get these technologies and renewable resources successfully funded and implemented? Here, I talk about the makings of a Great Green Deal and best practices Project Developers should have when seeking financing.
As CFO of ConservGeo I see no shortage of green deals, but are they great? Are they worth the time and effort it takes to secure financing so that the projects can be implemented? Most projects that cross my desk are not financeable for many reasons. For the projects that do past muster and ultimately move towards financial close, there are noticeable commonalities among them. They have the right Project Components... When submitting a green project for funding consideration, it is important for Project Developers to…
EMPOWERING THE ENTREPRENEUR IN 2019We all know that starting a business is not as easy at it looks or sounds.There are multiple components to company formation that will make or break a business within years of it launching. Statistics show that over half of small businesses that launch today, fail often within their first few years of going live. However, this fail rate should not be demonstrative of why you shouldn’t go into business for yourself if you have a great idea. In fact, the picture this paints is much more pointed in that a successful business requires a 360° approach as you form your company and position it for success. This means experience is key, knowledge is power, and what you don’t know may kill your business before you even get started.
Experience is important because you not only learn what to do, but most importantly what not to do. The latter becomes an impossible approach as you form your business model if you have never in fact been in busi…