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Investing in your employees now for the road ahead

Making sure a business survives through the day-to-day, month-to-month, and year-to-year can be a challenge, but how do you make the move from surviving to thriving? Mick Yates writes this article to explain how investing in your employees now can create a positive effect for your business for years to come.

It is not easy keeping up with the current business market. With millennials taking over the lead, employers and business owners constantly need to search for new ways to keep their employees motivated and therefore retain them. Opportunity for millennial’s success are everywhere and if they do not feel content on their current position, they will easily move on to the next opportunity they see. Young people are highly confident in their career goals, and they have no time to spare in a place which gives them no room for growth. There is no better way to keep your staff engaged and motivated than to help them thrive and improve their skills. Here are some of the reasons why you should start investing in your employees’ growth as soon as possible:

1. It Boosts Productivity And Morale

Employees want to be recognized for their own qualities and talents. When an employee is confident about their work and knowledge they own, it directly affects their productivity (or lack of). Investing in their career and knowledge will show them that you, genuinely care about them. It helps to build a healthy and motivated working environment. Giving them space to rise and shine is going to make them more confident in their skills. But not only that they will feel confident, they actually will have a pretty good reason for it.

2. It Keeps Staff Turnover At A Lower Rate

With options lurking everywhere, the easiest thing for one Millennial with no, to little experience, is to walk away and find a position where their needs will be properly met. Younger employees are hungry for knowledge and they tend to lose interest quickly if you do not provide them with a constant chance of improving. It is your job as a leader to be interested in your staff and in their needs. Investing in their skills will not only make them feel more confident, but it will also prepare them for more serious positions in your company. That way, you do not have to start from scratch every time you need a new manager or a leader – you can offer the position to one of your existing staff members that already know the job. Believe me, they will most certainly appreciate it.

3. Fewer Mistakes

If you skimp on your employees’ training, you are most certainly going to face their failure or lack of skill. Undertrained or unskilled staff members are always the ones making most of the mistakes. Thankfully, with proper training/programme, your staff members will feel more in control over their own work and they will actually know how to do it (properly).

4. The World Needs Leaders 

Investing in training and leadership development is one of the leading ways of keeping Millennials engaged and loyal. Who would want to leave the job where opportunities for growth are endless? But even if they do, it is not that big of a deal. The world is in the need for strong, and young leaders, who can offer valuable leadership skills to the world’s job market. One of the first countries that seem to realize this, are Australia and Canada. Providing leadership development in Australia became almost mandatory in some business industries, and for some, training is at least once in a few months.

5. Reputation Matters, A Lot

A good leader who left your company for another opportunity should never be underestimated. Millennials will usually wander off to another workplace after 18-25 months of the same job (and position). Remember, wherever they go, they will take your company’s reputation with them. For every good employee you lose, you may gain triple – but only if you put your effort into engaging with your team. If they remember your workplace as a safe place for growth, they will most likely even come back after they have satisfied their need for change.

Coaching programs and leadership development training are slowly becoming almost mandatory in this chaotic business market that is spinning 24 hours per day. Keeping up with the current trends is not even a choice anymore – it has become crucial for the success of any comp

This article is written by Mick Yates, an executive leadership coach who is the founder and CXO level consultant for LeaderValues. You can find this post here.

If you need help getting started in a new business venture, and you are in Chicago, Oak Brook or surrounding areas, contact us today if you feel you need some coaching on this topic!

ABOUT GREG LEE


Knowing Good Grammar is a Social Skill

Bad grammar holds back veterans in the field and those starting out alike. Penelope Truck shows how important practicing good grammar can be when looking for a new job in the following article, written Dec 8, 2018.

My friend is staying at my apartment while he job hunts in Boston. My job hunts were always done in pajamas with a jeans-and-T-shirt interview finale. Micah is in sales and his hunt starts with a trip to a clothing store.

While he hops in and out of dressing rooms becoming friends with everyone, I settle into a spot with the mannequins.

Then I say, “Micah! Hey! Did you know the most reliable way to speed up a job hunt is to have a professional rewrite your resume?”

Micah stops and looks at me. Sales guys are always attentive, even if you annoy them.

“So, not that I don’t love living with you, but I’m rewriting your resume.”

A lot of times when I rewrite a resume it’s so much better than the original that the person has to learn to talk about themselves differently. We underestimate ourselves because we’re in the thick of things when it’s our own career. A good resume rewrite makes you feel like a different, much more successful person.

Most people take a week or two to get used to talking about themselves at a higher level. Salespeople can adjust right away, which Micah did. Then he started making little changes for each job. And ruining the resume.

“Micah! Are you a total numbskull?! You can’t have a bulleted list with one bullet! It’s not a list if there’s only one thing!”

I told him he has a huge indentation where there shouldn’t be any. He thought I was crazy. He thought no one would notice.

This reminds me of when I was doing a lot of public speaking. I wore jeans. Even when I was getting paid $15K per speech, I wore jeans. Even when I was speaking to a coat-and-tie audience, I wore jeans.

My agent told me to stop wearing jeans. I told my agent my content is so good that no one notices what I wear. So he stopped booking me.

The problem is blind spots. And part of the art of making it through adult life is to learn our blind spots before they completely undermine us.

This is a good time to complain about tests we administer to ourselves. I have already published a tirade about personality tests – why nearly 50% of people get inaccurate results when they test themselves.

But another example is that the are you a sociopath tests don’t work because the ENTPs and ESTPs are always excited to test as a sociopath. They think it’s funny. So they inadvertently skew the results.

Also, when you have someone test to see if they have Asperger’s, most of the time they will say their social skills are fine. That’s because people with Asperger’s don’t know what counts as a social skill. For example, meeting deadlines, sticking with the group, saying I’m sorry. These are all social skills that people with poor social skills don’t count.

I see the phrase “appropriate attire” a lot. Well, maybe not a lot now, but I did a lot when I was 13 in the ’70s and I was receiving tons of formal bat mitzvah invitations. But anyway, that phrase doesn’t mean you have to knock it out of the park with an outfit straight from the runway. It means just look like you fit in.

The same is true with appropriate grammar. People just need to know basics. As a former copyeditor, I know that one should not capitalize a job title unless the job title comes directly before a person’s name who is doing that job. The number of people who violate this rule is so large that breaking that rule is like wearing white after Labor Day: Whatever.

But those mistakes on Micah’s resume are on the list of must-be-fixed. And, here’s a list off the top of my head of common grammar errors I see on resumes from very smart people:

Do not use jargon as a way to abbreviate because you need everyone at the prospective company to be able to read your resume.

Always abbreviate state names unless you’re a calligrapher getting paid per letter.

Don’t write Inc. on your resume unless you worked at Inc. Magazine. No one cares about the incorporation papers of the companies you worked for.

Recognize rules are flexible, but no rules are random.Put periods at the end of non-sentences. Or not. Capitalize long prepositions in a headline. Or not. Abbreviate months. Or not. But be consistent; whatever you choose, do it every time.

Maintain past tense even for a job that you are still doing. If you are writing a good resume, you are writing about a moment in time when you were great. If you are writing about something you do every day, meaning you are still doing it, then stop writing that. A resume is about accomplishments and the second you accomplish something it becomes past tense.

Give your verb an object as a way to make sure you look great. Consider the difference between Emma ate. And Emma ate something. The latter is a specific time with a specific outcome. People get hired for making a specific impact at the places they work.

Don’t use quotation marks unless you literally refer to a person who you then quote verbatim. But if you are quoting someone verbatim on your resume, delete it. What are you thinking? The only acceptable quote would be from someone who is so famous that they can just make a phone call and get you the job without you sending a resume at all.

This article is written by Penelope Trunk, who helps others find jobs and has created four start ups, including Quistic. You can find this post here.

The opinions expressed here by Penelope Trunk are their own, not those of PenelopeTrunk.com.

If you need help getting started in a new business venture, and you are in Chicago, Oak Brook or surrounding areas, contact us today if you feel you need some coaching on this topic!

ABOUT GREG LEE


cutting the red tape

Cutting the Red Tape

Cutting the Red Tape with Big Companies

In the last post we talked about how to bring the big-company mindset into your business and your team. This will help you overcome the mental obstacles that will keep you from being successful. Now, that you’ve learned how to overcome that, we’re going to talk about who your fish is. It’s important to know about the fish you are looking for before you put a plan together. We’re also going to take a moment to talk about the cutting the red tape that you may encounter along the way.

The most important thing to know about your fish is their purchasing habits and procedures. There are four main things you need to work on in order to be successful:

  1. Responsibilities: You need to know who has influence over purchasing, who does the actual buying and who can kill a deal if they want.
  2. Get on Their List: You need to know how to get on their list of people to buy from. Your name needs to not only be on the list, but at the top of it and in as many categories as possible for the more interaction. Ask about a procurement program and what you need to do to go through the application process.
  3. Lingo: You need to learn the company’s unique language and communications methods. These could include report names, buzzwords and even the nicknames they have for their employees.
  4. Fiscal Budgets: It’s essential you know the fishes fiscal budget, so you know exactly when they are planning their expenses for the year.

Now that we’ve talked a little about what you need to know about your fish, let’s a quick look at cutting the red tape.

Bureaucracy might as well be a four-letter word with the emotions it stirs in all of us. “Red tape” is a necessary evil, but one you can use to learn from. There are two ways to learn from their system:

  1. Analyze their activity.
  2. Review their correspondence.

Being an outsider looking in can have its advantages too. If you hate dealing with the “red tape”, imagine how their employees feel dealing with it. If they need to crunch some numbers, offer to do it. If they need more info, make sure you are giving it to them in a user-friendly way.

The things we talked about in this lesson will help you prepare for the big approach. If you need help with cutting the red tape, and you are in Chicago, Oak Brook or surrounding areas, contact us today if you feel you need some coaching on this topic!

Greg A. Lee is also available on Advicoach.


Meet Greg A. Lee & Associates

Greg A. Lee & Associates focuses on coaching business leaders by improving their performance and boosting effectiveness.


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Greg A. Lee & Associates focuses on coaching business leaders by improving their performance and boosting effectiveness.


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