A survey conducted by McKinsey on about 189,000 people found four specific kinds of behavior that account for 89% of leadership effectiveness at the workplace. These four behaviors include-
Effective problem-solving skills
Operation with strong results
Seeking different perspectives
Human resource experts opine that leadership can be cultivated and shaped through strategic education, training and experience. Nevertheless, as per the opinion of reputed ten CEOs, one can start immediately by inspiring, motivating and building better relationships with their team by adhering to the following ten tips that include-
Aim to determine the root cause
It is important to untangle the cause of certain problems that will help you solve them faster and more effectively than sticking to a temporary bandage to cure the symptoms. Having curiosity during the meetings will help you better understand the actual problems your team and your business is having as opposed to perceived ones. It will also help you in identifying and assigning the responsible people in solving the problem quickly.
As a leader or CEO, one should understand what exactly went wrong through empathy and compassion. Fast conclusions should not be drawn before understanding the root cause of the problem even though as a CEO you can hold people accountable.
Fostering reciprocal trust
As a leader, one should be highly accessible and approachable to their employees. Your employees must have full faith in you as a leader to entrust you with any bold ideas. It is important not to punish employees for honest mistakes otherwise innovations will never happen in your company.
Share good and the bad times
Practising the real or actual transparency goes a long way in building trust among your employees. In case there is a lack of trust, it leads to poor engagement, lower productivity and higher employee turnover rates. Therefore, it is important to share the good, the bad and ugly events by hosting bi-weekly/monthly team lunches, publicly sharing your company’s revenues and other financial data as the key issue here are to ensure that transparency applies to everyone.
Do not spill out your toxic emotions
It is important to note that business and emotions should not exist within the same plane. Failing to control emotions can have a dreadful impact on personal image and as such, it is important to never make any decisions when you are overwhelmed with emotions.
Setting up your boundaries
The other thing that as a CEO, you should have demarcated boundaries by letting aware to everyone in the office to understand what kind of behaviour and communication is tolerable. Having demarcated boundaries in place will save everyone from unnecessary emotional outbursts.
Distinguishing the skill and will limitations
The reasons for underperformance primarily happens due to lack of expertise and lack of will force. While the former can be easily mended or closed with additional mentoring and professional training but the latter is a gap is harder to recognize and fix. As a CEO, one needs to look into their employee’s motivation and need to find the exact causes and solve them effectively.
Being staying humble
Studies have shown that the more humble CEOs acted the better results top and mid-management tend to show. That includes better engagement, motivation, higher rates of autonomy and higher job satisfaction. Even the mid-management personal reported being more collaborative and committed to doing their jobs in a much better way.
Recognizing each individual’s accomplishments, irrespective of great teamwork
Research has shown that about 58% of employees feel boosted up when they get personal recognition from company leaders. Receiving praise as part of the team feels good for employees but a personalized note from a manager or CEO is a big motivational booster for the concerned employee.
Never stop Improving
Great leaders never settle for the achieved positive results as they continuously invest in self-education, training and in investigating their team’s performance. They truly believe that there is always a new skill to learn or master a technique and always stay open to new ideas.
The above-mentioned ones are the best tips for effective workplace leadership that needs to be adhered to by CEOs.
Avanish Singh Visen
CEO - DCJ Group