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Get the basics right People who have choices, and good people normally do, look for certain features in their employer. It continues to amaze us as we visit different businesses how little attention is paid to some of the basics in the work place. Why would someone put up with poor pay, disinterested management, run down physical surroundings, poor equipment and sub standard recreation facilities (and by this we mean something as basic as a lunch room and tea and coffee!) if they had a choice. Those are just the basics. To really compete, you need more. A professional team People who have a choice want to belong to a business that is going somewhere. A place where their work matters and they know it makes a contribution and they are recognised for it. They also want to work somewhere that fits their values, is clear on what is expected from its people and is professional in its approach to managing them. You need to have a vision and plans to get there. You then have to communicate these to your people and get them excited. You need to define your values, or core competencies, and involve people in acquiring them. This way they will then feel they are on a team of like minded professionals doing worthwhile work. Rewards are important Of course rewards are important, but this does not mean paying the highest salary. A fair and consistent way of recognising people's performance financially and non financially is a key tool in keeping people on board. Having a fair and competitive pay system linked to individual performance is a start. Throw out those awards - you need to exceed their provisions. You also need to have a process for doing this so you don't just end up paying more to attract new people as you are losing old ones. On top of the financial rewards, interesting work, challenge, a sense of achievement and recognition go a long way to motivating people. After a reasonable level pay is achieved, these are the real motivators. And these can often be provided at very little cost. Give them room to grow Probably one of the key factors for attracting and retaining good people is providing room and support for them to grow and develop. This means different things to different people. Training on the latest version of the accounting software may be exciting for one person whereas working along side the Marketing Director learning about strategic planning may be what someone else wants. Making sure these actions are identified, in line with business needs and carried out requires some effort. But it is a good investment - both in business knowledge and in keeping people and continually improving their performance and satisfaction levels.
To check how you are doing in these areas, use the Diagnostic Tool at the website shown below. It will take about ten minutes to complete and will provide you with a graphical display of your rating plus a written report you can then use for input to your plans. |
More Articles:1. What to do When You receive a Bad Check By Stephen Bucaro As a small business operator, personal checks may be one method to receive payment for your goods or services. As a way to receive payment, a personal check is actually better than credit cards because the fees are less and there can be no charge back.Fortunately, most people are honest and studious in taking care of their checking account. But sooner or later every small business operator will receive a bad check. The first thing to do is politely contact the individual and give them an oppor… 2. Manage Stakeholders and Beware of the Wicked Witch! By Ron Rosenhead Forget stakeholders and they can fatally kill your project! Much has been written about why projects fail to deliver; no business case, poorly defined objectives, poor project scope alongside over-optimistic deadlines and no planned project budget! However, one area little talked about is the stakeholder – those with an interest and those who will be impacted by the project.Research points to projects being derailed by poor management of stakeholders. From questionnaire results we have identif… 3. Transform Any Business into a Go-Getting Power House by Working SMART By Keith Longmire Probably as well known as SWOT, SMART turns goals, objectives and tasks into concrete deliverables. If there is one key to turning busy, ineffectual organisations into models of streamlined efficiency then this is it.More accurately SMART ought to be SMARRRT. There are at least three equally valid definitions for the 'R'.OK, the 10 second introduction to working smarter:Specific: Be completely clear on the outcome expected of the goal, objective or taskMeasurable: Phrase the statement of what … 4. Gift Giving for Business a Major Headache By Meredith Gossland Corporate gifting is a big headache for most business owners; how much to spend, who to spend the money on, where to get the gifts, what to get and how to gauge the effect of that giving in terms of benefits for the company are all important questions. When a company decides to give gifts it needs to be planned out as part of doing business, not just a last minute impulse. The cost of gifting should be built in to the cost of your product and used when evaluating your break even point.With a p… |
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