You can spend time now developing and keeping your employees engaged, or spend time later on recruiting and training new hires – because strong employees will go where they can grow and succeed.
Unbeknownst to you, the future leaders of your company could be right under your nose.
- Identify high potential employees systematically. Use effective benchmarks for identifying high-potential employees, these include:
- Performance reviews,
- Employee self-evaluations, and
- Participation in volunteer activities.
- Develop employees’ skills for the future. Helping your employees develop their skills is a smart investment for any business. Provide employees who are deemed “potential leaders” with additional mentoring and training to help them become the next generation of leadership.
Identify Areas for Employee Training
Training can help sharpen confident and competent employees. However,
- Analyze the Situation
- Check customer comments and solicit input if necessary.
- Identify the weakest areas in your company.
- Determine how you can boost performance in your weakest area.
- Note all critical, specialized positions
- Everyone gets sick at some point.
- Anyone can leave for a better offer or personal reasons.
- Be sure all jobs have a back-up plan and that employees are crossed trained as back-ups.
- Check out the competition
- Successful business owners learn from their competition.
- Research your competition and identify what they do better than your business.
- Identify what you do better than your competition.
- Most importantly, market and implement those differences that your business does better than the competition.
- Seek employee input:
- Find out what training your employees would like that would move them and your business forward.
- If you don’t see the reason behind the training an employee has requested, let the employee educate you about its value to your business. It may be something critical you never knew about. Here’s an example: 15 years ago computer hacking over the Internet was a danger almost unknown to business owners but the technical team understood the threat and were seeking the knowledge so they could protect the company.
- Provide the requested training IF and only IF it moves your business forward.
How is your business doing with increasing the bottom line by investing in developing leaders? Start now to implement the above four things and invest in training your team. Immediately start to measure your results, you’ll see a quantum leap in revenue, profits, customer satisfaction, and productivity.
This is an excellent opportunity for you to start doing what will allow you to WORK ON YOUR BUSINESS vs. IN YOUR BUSINESS.
Doing this will provide you with employees who are assets NOT Liabilities.
By: Mark R Steinke – Elite Business Coach / Area Representative
Focal Point Business Coaching of Pennsylvania