Magazine article New Zealand Management

TOP TEN TIPS: Management Mistakes to Avoid in A Recession

Magazine article New Zealand Management

TOP TEN TIPS: Management Mistakes to Avoid in A Recession

Article excerpt

Byline: Megan Alexander

Managing a team is never easy, but in todayCOs economy it poses a particular challenge. Most companies are feeling increased pressure to do more with less Co in many cases, a lot less. How can you keep your employees motivated and inspired to do their best work when you have fewer rewards to offer? Moreover, how can you get ready for the inevitable upturn? When the economic pendulum swings, will your top talent still be with you?

To retain top performers and keep your organisation running smoothly so you are poised to recover quickly in the turnaround, there are 10 common management mistakes to avoid. By reviewing these stumbling blocks and taking measures to avoid them, you can make your workplace more productive and, ultimately, pave the way for long-term success.

1. Treating people as if they are lucky just to have a job

True, many people feel fortunate to have a stable position in this economy, but your most talented employees always have options. Good people are always marketable and you want your best people to stay with you for the long term. Continue to treat them with respect, and they will remain loyal.

2. Assuming employees are mind readers

YouCOve spent your week implementing cost-cutting measures Co and now your accounts assistant has requested a salary increase. It may be bad timing, but unless you communicate openly and often, your team will not know the business realities of the company. If you want them to work with you, give them the information they need to do so. But also remember, the rumour mill exists in every organisation especially when there are shut doors, cancelled meetings and whispered conversations. If your staff donCOt hear the news from you, they will hear it from someone else, and it may not be entirely accurate.

3. Failing to show recognition

Many senior managers would be the first to admit they could offer a bit more positive reinforcement to their teams. There is no such thing as too much praise, as long as itCOs specific, genuine and timely. And donCOt simply save the praise for last Co once a contract is signed or a project is complete. ItCOs nice to thank people for a job well done, but keep in mind that encouragement along the way works wonders in building motivation and productivity.

ItCOs easy to make the mistake of spending too much time and resources trying to improve the performance of average employees while ignoring your strongest talent. But while building skills is important, your top talent are often responsible for your companyCOs greatest successes and will be the ones who get you through this. …

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