Benefits of Investing in Your Team
With the volatility and unpredictable nature of today’s business world, it’s totally understandable for some business owners and managers to feel overwhelmed, focusing more of their attention on the ins and outs of producing sales and garnering new clients. However, it’s important not to lose focus on the people who are helping you and your business succeed each and every day. Although your team members may be more than happy to come to work and devote their all to your company’s mission and values, it’s up to you to manage and create a plan for employee development and growth to ensure the company culture stays as positive as it is.
Here are 5 reasons it’s beneficial to invest time, money, and energy into your team.
1. It helps establish a good working relationship between you and your team.
Investing time and energy into your team members’ individual professional growth will show them you care beyond what they can do for your company. Let’s face it: Not all of your team members will stick around until the wheels fall off, but giving them the proper tools and resources to excel at their job will give them peace of mind knowing their leadership cares for their growth, regardless of whether they’re in it for the long haul or not. It’s important for your team members to feel appreciated, valued, and encouraged to grow; their self-confidence will surely seep into the work they do, which will help them come to work eager to tackle the day ahead. At the end of the day, when your team is happy, you’re happy.
2. Your team will work smarter instead of harder.
By providing your team with the resources they need to grow both professionally and personally, they will be able to approach problems and day-to-day tasks with a new, more efficient perspective. For example, if you invest in providing your team with a time management course, they can take what they’ve learned and apply it to their daily workload, cutting down the time they spend on unproductive tasks and getting more work done in less time.
3. Your company will be a breeding ground for effective, motivated employees.
You can tell when a company invests in its employees; its productivity is more than likely through the roof, morale remains high, and most importantly, there is low employee turnaround. When employees are challenged, empowered, and most of all, well paid, they are more likely to be motivated to excel at their job and put their all into the company’s mission. This isn’t to say every employee should be making six figures, but they certainly shouldn’t be taken advantage of. Their salary should accurately and fairly reflect the level of work they do and how much value they bring to the company. It’s not always about money, but it is definitely a great motivator.
4. Your company will be in a better position to make more sales and/or sign more clients.
The only way to produce a productive team is to nurture the professional growth and development of each individual member. The knowledge they entered the company with can only take them so far; it’s up to you as the team leader to recognize your team’s shortcomings, whatever they may be, and adjust accordingly to make the most kickass, effective team possible. By showing your support, listening to their concerns, and working with them along the way, you’ll be able to strengthen their skill sets and improve the productivity of the entire company.
5. The office culture will drastically improve.
When your team members feel valued and respected, the culture of the entire office/company improves. People who are uplifted and given a fair chance to succeed rarely ever squander the opportunity. You will continuously reap the benefits of having upbeat, positive team members in your circle, and you can rest assured your company and its mission is in good hands.
Although it will take some time, energy, and potentially money on your part, investing in your team will drastically improve the overall morale, productivity, and success of your business as a whole. Teams thrive in environments where each member is challenged, valued, and respected, and it’s up to you as the leader to make those opportunities available to your staff. After all, without them, your company will not be able to effectively and efficiently cater to your customers on the level you should be.
What are some ways you make sure your team members feel valued?