subject: 4 Universal Leadership Principals for Developing Your Company's Greatest Resources [print this page] 4 Universal Leadership Principals for Developing Your Company's Greatest Resources
Regardless the size of the company you work in and your role or position there, when you're in a leadership role, then people are your greatest resource! What's more, it doesn't matter whether you are forming your executive team, working with an intact team, hiring to increase your staff, or collaborating in a network of professionals to support and grow your business, certain characteristics and strategies permeate the companies that cultivate this resource. They also reap the benefits!
Through executive coaching work, we have identified several universal principles and steps to maximize this human capital resource. These principles include:
notice others and do the front-end, self preparation work
get clear about who the right people are for your company and hire them
build a foundation for staff to be successful when they join
cultivate the right relationships and know when to cut bait
Understanding the importance of these principals is critical to a company's future success. First, in this global workplace, people's value has clearly begun to change. Now, people are the central focus of the company; understanding what makes individuals effective and successful is at a premium. What's more, people want value in their work and they're looking at the values and culture of companies. Essentially, they have become more discerning. And, despite the stressed economy today, knowledge-workers, professionals, and the younger generation often have choices for work because they are willing to trade those bigger paychecks for satisfaction and enjoyment. - They are seeking more meaning and balance in their life!
So, the leaders who espouse and actively practice these principles enjoy many financial and intangible benefits. To begin with, the staff are more appropriately placed in their positions and assigned duties, leading them to be more efficient and productive. They are also more satisfied with their work life, resulting in improved customer service, less sick leave, increased employee loyalty and less turnover. In addition, the staff are more collaborative and work together more, which yields a positive contagious culture and builds the reputation of the company, also increasing its attention and marketability as a great place to work!
These principles aren't new and they aren't rocket science! They do, however, have a prevalence and permanence we've not seen before, but we are just on the tip of what will come.
Share with us your success stories of hiring the right people, setting new hires up for success, or fortifying relationships with your staff and send your questions about how Executive Intelligent Coaching can help you develop your company's greatest resources.
