Your team of staff is one of the most important assets you have, so their growth goes hand in hand with the growth of your business overall. Regular feedback and performance reviews are crucial – here’s why you should keep them frequent and thorough.
Set expectations and review progress
Regular performance reviews work really well when they give feedback on current and desired performance.
If members of your team are working brilliantly and you’ve no complaints, feedback can be just as detailed. This is motivating for staff and lets them know exactly what they’re doing right – otherwise they might not know! If performance isn’t as good as it could be, one to ones are the best way to establish what that staff member needs to improve on.
Air any problems
It’s not always easy for a member of staff to tell you what’s on their mind or what they need to help them succeed. By inviting staff to talk to you face to face on a regular basis, you give them an opportunity to tell you what’s working for them and what isn’t. As long as you have a good, transparent relationship with them, they shouldn’t fear airing their concerns, and you can both come up with solutions.
Maintain good relationships
If managers are disinterested in their team, they can only really blame themselves if staff are disinterested in response. Good relationships in the workplace improve communication, motivation, and problem-solving. By being engaged with your team, you’re also a part of it, and your involvement will remind everyone they’re all in it together.
Show how you can help them
Your staff have all kids of ambitions and you could help them achieve them. One to ones and performance reviews should highlight what kind of training and learning opportunities you can provide. Not only will this improve their skill set, they’ll also be able to apply it to your role within the business and help it grow.
Demonstrate your goals as a business owner
Productivity and motivation can be significantly increased when all members of a team have a common goal. If you want to grow your business to a certain level, tell your staff and let them know what they can do to help. This increased responsibility is good for everyone at every level in the business.
Finance from Capify can help your business pay for training and staff benefits to keep your team growing and motivated. The merchant cash advance makes repayment easy and flexible. Get a quick quote now to find out how much you could raise.