Being a CEO is a big responsibility. Your job is more than just overseeing the entire business operations; you also have to be involved with your people, from the managers to the lower-ranked employees.
Your people are your greatest asset. Without them, your company might collapse even if you think you are putting in a lot of hard work. After all, your employees are responsible for ensuring that the processes are implemented and the strategies are integrated.
One of your biggest challenges is employee demotivation. This can be a result of different factors, including lack of progress and job insecurity. To prevent employees from submitting that resignation letter, you have to change the way things currently are.
Here some are tips to empower and retain your top talents:
Make Their Lives Easier
If you plan to buy systems or applications to make your employees' lives easier, do it now. Don't wait for your people to feel overworked because of doing things manually. Invest in applications that encourage better productivity, such as a human resource and management system or a payroll management software, so your staff can finish more work and meet deadlines.
Reward Your People
The fact that you are still in business means your employees are doing a good job and it is never too late to reward them. Whether it is a congratulatory email or a plaque of recognition, make your employees feel important by acknowledging their efforts. You can also provide incentives, such as more vacation leaves, free lunch, or monetary rewards to inspire them.
Be consistent, however, because motivation comes and goes. It is more than just monitoring the work of your managers and regular employees; it's also about keeping an eye on everything and giving credit where it's due.
When you keep your employees motivated, you empower your business. Follow these tips to ensure a successful and progressive business operation.