Investing In Your Employees
What does it mean to invest in employees?
Putting time, energy, and work into the people we manage.
What is micromanagement?
Micromanagement is where managers feel the need to control aspects of their employee's work & decision-making to an extreme degree - more than is necessary or healthy for a usual working relationship.
A new policy has been introduced, and management has been instructed to notify staff. How should you start your conversation?
A. Hey team, HR wanted me to share a new policy with you.
B. I wanted to share a new policy with you.
C. Here is an email from HR about a new policy.
B. I wanted to share a new policy with you.
Own your position and provide the information as their manager. Direct them to HR with questions you are NOT able to answer.
What are the components to a SMART goal?
Specific, Measurable, Achievable, Relevant, and Time-bound.
What percent employees say they’d switch jobs for one with more chances to grow:
16%
76%
86%
86%
If as a company and as a manager we aren't providing chances to grow we could lose all but 14% of our employees to companies willing to put in the time.
What percent of people said they would stay with companies that invest in them:
74%
84%
94%
94%
Lower turn over and better qualified employees?
Yes please!
What percent of respondents said micro-managing is the worst possible trait in a boss:
39%
41%
53%
39%
True or false:
Owning your authority as a manager is about asserting power so employees know whose in control.
False.
In the workplace, owning your authority as a manager is about more than just asserting power; it's about embodying leadership with integrity, empathy, and vision.
What are the two reasons for why documentation so important?
1. It protects our company against litigation.
2. It paints a clear picture of an employee's time with the company.
Fill in the blank: Investing in development leads to a _____ productivity increase:
15%
19%
24%
24%
Think about how much LESS you would be doing if your team was performing 24% more than they already are!
Common question: What if we invest in developing our employees, and they leave anyway? What's a better question to ask?
What if we don’t develop our employees, and they stay?
What percent of respondents said micro-management is the #1 sign of a toxic workplace:
55%
65%
75%
75% YIKES.
What is a possible challenge of the authority generator: Know The Systems?
Resistance to share information.
Overcoming resistance to sharing information requires a cultural shift towards openness, where employees feel empowered to share knowledge and ideas freely.
Be prepared.
What percent of employees will either quit or be terminated before completing a 90-day PIP?
75%+ of employees
83% of companies say developing future leaders is important, but what percent actually have leadership development programs in place:
5%
11%
13%
5%
What is now the leading factor that people say defines an exceptional work environment
Having opportunities to learn and grow.
What is proactive managing?
A leadership style that emphasizes strategic planning and risk management rather than taking a reactive approach to situations and business goals.
Fill in the blank: A way great managers can support their people in learning and growing is by: Promote collaboration, knowledge-sharing, and:
Celebrating achievements!
The cost of not giving effective negative feedback effects three people, who are they?
The employee
The Manager
The company
What percent of employees would consider leaving their job if the right offer came along, even if they hadn't been actively seeking new employment at the time:
33%
73%
88%
73%...and what's important to note is that changing jobs isn’t always about a higher salary. In fact, the study also revealed that 23% of younger employees would take a new position without a pay increase at all.
Employees will choose to stay with the company or leave for greener pastures—based on several factors. What is the overall reason an employee will leave?
The entirety of the employees’ experience at work.
What is the first step to implementing proactive management?
Plan for the future: begins with making judgments about what may be coming for your organization and how you can implement changes to bring about future success.
How many authority generations are there?
*BONUS POINTS IF YOU CAN NAME THEM*
4!
Know Yourself
Know Your Team
Know The Systems
Make One Small Change & Stick To It
You've set up a bi-weekly 1:1 with an employee who is struggling with the basic functions of their job. Before you request another disciplinary action form, what could you do?
Increase the 1:1 to a weekly check-in.
Fill in the blank: Compared to learning on the job, and from colleagues, employees learn ____% through formal training sessions:
10%
20%
29%
10%
Employees learn 70% of their abilities on the job, 20% from their peers and colleagues, and 10% through formal training sessions.