Business success largely depends on the employees working in your company and the managerial talent of managers. We have prepared a review of the most interesting studies and recommendations from experts in this field. There are many subtleties in personnel management, which the researchers suggest we focus on.
1. To begin with, they recommend that managers themselves identify the factors that enhance employee performance. Scott Zaybert, a professor of management at the Tippie College of Business in Iowa (USA), notes that employees who are empowered by their employers have higher morale and are more productive.
2. Successful entrepreneur, founder, and president of a marketing firm, Mike Michalowitz, suggested interesting and enjoyable non-monetary ways to reward employees that managers should take note of.
3. Want to know what your employees do all day? It turns out that at least half of their work time is pretty much wasted. These are the findings of a study conducted by Webtorials.
4. You need to grow talent, not look for it. Vance Kearney, vice president of human resources at Oracle Europe, recommends. He debunks some myths about the need and desire of CEOs at all costs to hire the best of the best, simply put – a genius.
5. An interesting analogy to running a sports team when running a business is given by Avery Johnson, head coach of the New Jersey Nets in his article 7 Lessons for Executives from an NBA coach.
6. If you don’t want to lose your best employees, listen to researchers from the University of Iowa. According to them, training without applying skills is a direct path to losing valuable staff.
7. Organize your time properly. Every second costs money in this business, so it makes sense to spend your time expediently. If you can save time for yourself, why not do it? For example, there are sites with paystub generator, which will make your work with Paystub easier and much more convenient, you can find out more about the website to keep in mind.
8. Want to improve your work? Think like designers, suggest the authors of a new book, “Design for Growth,” professor and former deputy dean at the University of Virginia Jeanne Liedtka and Peer Insight CEO Tim Ogilvy. You don’t need big, abstract ideas to grow your business; you just need a fresh approach and a series of tools to help you succeed.
9. To better understand your team, you may have to learn the “whole truth” about yourself. What do employees really think of their bosses? New research from American experts can help your managers see when they are starting to go the wrong way.
10. Want success? Hire more women. Harvard Business Review cites a new study showing that teams with women on them perform better.
11. To generate effective feedback, Harvard Business School professor Thomas J. DeLong suggests answering three questions: you need to ask yourself and others what you should stop, continue and start doing.
12. Want to know how to get the most out of your employees throughout the day? For some workers, the time between 4 p.m. and 6 p.m. is the least productive, and for others, the hours between 2 p.m. and 4 p.m. are the least productive. These are the findings of a study by Robert Half International and Accountemps.
13. Different levels of training and “type” of employees allow companies to be more successful. To increase revenue, employers should hire a diverse group of employees, according to Forbes Insights researchers.
14. Another interesting move if you want to succeed: tell your team that you’re behind the competition. These are the findings of Iona Berger of the Wharton School of Business (USA).
15. Why do seemingly “normal” employees sabotage the work of their colleagues? The results of a new study carried out by American specialists have shown that it is not only envy that is to blame. Managers need to rally the team, they believe.