Saturday, April 18, 2020

Playing the Old Course at St. Andrews Links

Tuesday, April 7, 2020

Management Practices that Boost Employee Performance


Business leader Brad Liebe is the owner of KK and B Financial Services for Seniors. A speaker and corporate consultant on strategic planning and management training, Brad Liebe works with company executives in various industries, helping them reach their full potential.

A company’s most important resource is its people. To achieve peak potential, it must optimize employee performance. Here are three management practices that do just that:

1. Support for employees’ growth. This can take various forms. For example, management can delegate important roles to employees helping them acquire additional skills, then once employees are done with the work, managers provide constructive feedback. Management can also extend leadership training beyond the executive-level to middle management and supervisors, ensuring those at the grassroots, who need the most training and development assistance, get it.

2. Open communication with employees. Open communication should be respectful and professional. When executives go out of their way to check on their employees, making sure they feel supported, employees are far less likely to burn out. This benefits the company in other ways. For example, executives who are more engaged with their employees can better address internal concerns and predict future turnover.

3. Effective reward mechanisms. This can take the form of monetary rewards tied to company-wide earnings targets or recognition in front of peers. Some studies have shown that recognition is a way more effective motivator than money.