Imagine this familiar scenario: it’s January 1st. As you set resolutions for 2020, you tell yourself you’ll go to the gym more. You’ll lose weight. And you’ll start following the popular low-carb, high-fat Keto diet. So you pay for the gym membership, you stock your fridge with cheese and salami, and you buy a $45/month Keto-friendly subscription box.
Make a resolution to invest in your team this year
In a recent article by Lindsay Gaskins, President at CCA Global Partners (one of the largest cooperatives in America), she suggests business leaders adopt a different kind of resolution this year.
It’s hard to argue with a win-win. So what does investing in your team look like? There are numerous ways to invest in your people, even if you’re on a tight budget like most companies are during Q1.
There are a wide variety of online training courses and e-learning sites that can deepen an employee’s skill set while supporting development. Show that you’re willing to expend energy furthering an employee’s growth. In many cases, the online courses are free or moderately priced.
Networking and Conferences
Employees will feel more like valued team members if they are connected to your business network. I remember how thrilled I was to attend my first trade show, tagging along behind the head buyer. I worked as a dedicated employee for many years. It was well worth their investment.
Rethink Your Employee Evaluation Process
Sometimes running a small business is so consuming that you can’t fathom spending time doing quarterly or year-end employee evaluations. But stop for a minute and think about how that makes the employee feel. If you don’t have time to give them helpful feedback, what message does that send?
Carve out time to sit down with each employee you manage. Give them feedback on performance, areas for improvement, and a raise/bonus if at all possible. It is equally important to give them time to voice concerns.