It’s hard enough to manage your own goals and projects, let alone managing a whole team. Yet good management is everything. Remember that employees often don’t leave companies; they leave managers.
A recent study found that almost 60% of employees would turn down a 10% raise to stay with a good manager. There’s also a surprising statistic that 82% of employees would rather receive praise from their manager than a gift.
Motivating and inspiring your team with genuine encouragement goes a long way toward boosting morale and is not hard, yet so many managers fail to give their team members the recognition they deserve. Many managers also fail to manage their own time properly, which tends to bring down the whole team.
Author: Meredith Wood
Meredith Wood is a vice president at Fundera. She is frequently sought out for her expertise in small business lending and frequently contributes to SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, and StartupNation