The research shows that more than 70% of employees are not engaged at work. This is costing your firm BIG TIME. The research is also clear that no-one affects an employee’s engagement as much as his/her immediate leader.
A 5 year long study funded by the Australian government and 4 prestigious universities including the AGSM found that Leadership was the factor most correlated with a healthy bottom line and a high performing workplace.
Leadership skills do not come naturally, they need to be learnt and are very different skills to technical skills. Being a good accountant, business adviser or insolvency practitioner doesn’t necessarily mean you’re a good manager of people.
It is Great Managers that build productive cultures, engaged employees, successful teams and thriving firms.
Skilful management represents the highest leverage point in business today and it is only through having Great Managers in your firm that your business will thrive. Remember that your biggest cost centre is your staff.
So, as a Partner, Director or Practice Manager, how do you build a thriving firm?
There are 7 strategies Great Managers use to power up their people and get consistent results.
- Great Managers Know Themselves (self-awareness)
- Great Managers can Self-Manage (emotional intelligence)
- Great Managers can have the Critical Conversations
- Great Managers Set Clear Expectations
- Great Managers Develop, Motivate and Engage Staff
- Great Managers use Systems to get Results
- Great Managers Recruit for Talent and Cultural Fit
Sandra Wood, people management expert, hosted a Webinar for Financial Services firms recently that goes into the detail behind these strategies and how they can directly affect your firm’s profitability via increasing productivity and reduce write-offs. Sandra Wood has been advising top-tier businesses for over 15 years, showing them how to build high performing teams and create a cohesive and productive working environment.
If you are serious about growing a profitable and sustainable practice, spare an hour in your busy schedules to view the invaluable information on the recording of the webinar here.
- The Secret to Increasing Profitability in your Practice - 1 June 2016