In trying to do a good job, many managers focus intently on supervising their employees; coaching workers who are underperforming, mediating disputes and addressing various concerns.
However, managing employees shouldn’t be the only thing a company leader thinks about. They should also be attentive to other aspects of the job that might be less apparent, including employee engagement and employee development, minimizing turnover, and time management.
Every organization wants good people to stick around. For that to happen, employees need to grow and develop as professionals. Although some top employees are perfectly happy to do the same job over and over for years on end, those employees are pretty rare.
Employees who take advantage of career growth opportunities are most likely your best workers. These men and women are ambitious, and if they aren’t advancing within your company, they’ll likely look elsewhere for their opportunities.
Furthermore, employee development means workers gaining new skills or networking within the industry; both of which can benefit a manager and their department.
Employee turnover is costly. Although it doesn’t appear as a budget line item, any department is a lot more effective when it has people who have been in their jobs for a while. Also, a manager is more effective when they aren’t dedicating hours to screening applicants, conducting interviews, training new staff members and handling the fallout when an employee leaves. Lower turnover also means lower direct costs associated with hiring, such as placing ads.
Keeping Costs Down
To stay in business, companies must bring in more money than they spend. While a lot of emphasis is placed on making money, managers would do well to remember that saving money can be just as important.
A manager’s ability to keep costs down is dependent upon their role within an organization, but those with a keen eye for detail should be able to spot savings within their purview.
As a resource, time is often overlooked. Because time is limited in business, it’s important for a company leader to be an effective time manager, both for themselves and their employees.
A good rule of thumb for time management is the 80-20 rule, which states that 20 percent of activities generate 80 percent of total results. For time management, this means that 20 percent of time spent generates 80 percent of total results. This suggests managers should be prioritizing that areas involving that valuable 20 percent.
A manager should also strive to make sure every employee feels like they are doing meaningful work. Giving work meaning goes a long way to having employees engaged in their jobs, which boosts morale, builds up a company culture, strengthens a brand and boosts productivity.
At NSC Technologies, we support the company managers we work with by providing custom staffing solutions and service. If your organization is currently looking for a talent acquisition partner, please contact us today.