We often provide you with finance basics but today, we are going to switch gears and talk about
5 Things Great Managers Do
Let’s first define management.Managing is getting things done through other people.
A manager is someone who leads and instructs to others to get things done
so here are the 5 things effective manages do
1) Effective managers praise publicly and criticize privately.
This makes sense. We all want respect. To be criticized publicly decrease company morale. On the other hand, praising employees publicly is motivational gesture.
2) Use the 80/20 rule.
Good managers listen 80% of the time. They may ask questions such as
“Where do you see yourself in five years?”
“What are your strengths and weaknesses?”
and then listen and take notes. Employees feel respected since their voices and opinions are heard
3) Managers identify what motivates each employee.
Some are motivated by money.Some are motivated by praise. Some want to leave one hour early so that they can see their kid’s baseball games.
So great managers are observant identifying and recognizing their employees’s needs.
4) They set clear goals.
Clarity is a key in an effective manager. For instance, a sales manager may set metrics. By the end of August 1st, you should have been able to sell 100,000 unicorns to receive the 5% bonus commission.
5) They provide tools.
They are there to equip. So if employees need training or assistance improving on a skills then they are there to help out.
That’s it for today. Simple. Short. Effective.
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Professor Savings signing off.