Nov 24, 2015
Episode Quote: “An employee’s motivation is a direct sum of interactions with his or her manager” – Bob Nelson
Summary:
At what point does asking for more hours out of your staff start to work against you?
Studies show that too many hours past 55 hours a week is the breaking point where your employees’ productivity starts to dwindle. To a certain extent, making your employees work longer hours can be extremely effective, but at what cost?
In this episode, CJ provides 6 tangible lessons on how you can not only set crystal clear expectations but also maximize your employees’ loyalty to the goal you are all trying to achieve.
- Set a crystal clear goal or vision for the group – What are we all trying to achieve? Money? A cause? A new product?
- Understand what your employees want to get out of their careers
- Make a connection between company goals and career/daily goals
- Measure productivity
- Host a regular review of each employee
- Stress time management skills
Weekly Exercise: Put together a simple 1 page spreadsheet of goals to review weekly
Selected Links from Episode:
Patrick Lencioni “The Advantage”
Show Notes:
At what point does productivity start to drop with an employee? [3:00]
If you do this with your team, you’ll get more productivity every single time [6:25]
Discretionary effort and how to get the other 50% of effort from your team [7:20]
Why asking your employee about his/her career objectives is important [9:25]
Are you choosing the carrot or the stick to motivate? [10:30]
Measure what you’re doing and start by measuring too much-then narrow your focus [16:00]
Most entrepreneurs don’t review employee performance, and it’s not a lack of time [20:10]
When reviewing your team, do this one thing [21:25]
One simple exercise to practice with your team [24:09]