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Unleash Your Team

Unleashing your team from the chains of a micromanaged and controlling culture will create positive growth, a winning team and take your leadership skills to a new level!

Leaders are sometimes afraid to let go of the leash and open a new world of possibility to their firm. When team members are afraid to share and contribute ideas, grow and learn in their current environment and expand their horizons, they become bored, unchallenged and will most likely leave your firm for something better.  It is the harsh truth; you must care about your team to create employee engagement, satisfaction and retention.

In our blog, Implementing Team Development Programs Often Overlooked”, we outlined a process to implement a team development program. By following each step, you eliminate the need for micromanaging your team.  Trust me, your team does not want to be micromanaged!  The four components that Ironstone focuses on to implement a team development program are:

  • Preparation
  • Incentives
  • Benefits
  • Technology

Read more about each component in our blog : https://aeschlapia.wordpress.com/2012/05/23/implementing-team-development-programs-often-overlooked/.   Once you have put these components into your human capital mission, you will find that employees are capable of managing their individual positions within the firm.  Support your team members and empower them to be as great as they can be.

How Do You Begin To Unleash Your Team?

Perhaps the first place to begin is to take inventory on your leadership skills.  A team that performs well depends on your leadership abilities, training and development you provide and being a coach your team members can trust.

Being a coach to your team is highly motivational and almost guaranteed to improve performance.  As a leader, your role is to help your team understand their positions.  It is their job to take ownership of assigned job descriptions and design a process to carry it out effectively.  Willingness to support your team’s development sets an example and will contribute to the culture and performance of your firm and team members.

 Tip: Ask team members how you can help them develop their own solution.

As humans, most of us thrive in a continued growth and development society which consists of ongoing training and learning. A team development program will contribute to the natural desires of dedicated employees. Team development will:

 

  • Help team members adjust to changing job requirements
  • Create a pool of qualified team members for possible new roles within your firm
  • Develop a more effective, efficient and productive workforce
  • Produce team members capable of taking on new significant challenges and reach firm goals

Understanding Needs of Your Team 

 Identifying the needs of your team is crucial in implementing a successful team development program.  Some training will need to be universal and apply to most, if not all, of your team members.  However, each team member is unique and owns a specific skill and passion set.  Goals and objectives of team members will be parallel when they relate to overall firm goals but will be dissimilar in relation to their individual job duties and responsibilities. Talk to your team to find out what training they want and need.  Work with them to develop a personal plan that will help them get the training they need in an economic and efficient manner.     Start by holding one-on-one meetings to discuss:

  • Job Descriptions
  • Training and developmental needs
  • Current performance levels
  • Areas for improvement
  • Action steps to fill any gaps

How Well Do You Develop Your People?

*Mind Tools (www.mindtools.com) offers a great quiz for you to take, allowing you to evaluate your leadership skills and identifying areas for improvement. The quiz identifies five main factors related to developing people. This will give you a clear understanding and foundation to develop a plan for yourself to improve your personal team development skills.  Follow this link to take the quiz!  http://www.mindtools.com/pages/article/team-development.htm

(*Mind Tools-www.mindtools.com)

 How did you score?   Let us know!!

In the ever evolving world of change, helping your team adjust to change while remaining successful, sends a clear and concise message that you care.  If you are willing to support your team’s growth and job satisfaction, you will retain good people and an engaged workforce.  Once you have implemented a training and development program into your human capital mission, you will find that employees are capable of managing their position within your firm.  Support your team members and empower them to be as great as they can be.

 “What’s worse than training your workers and losing them? 

Not training them and keeping them.”

– Zig Ziglar, author and motivational speaker

 Learn more about how Ironstone can impact the operational effectiveness of your firm!  Read more at www.ironstonehq.com  Want more information on team development?   Contact us at http://ironstonehq.com/contact/

 

Follow us as we explore each of Ironstone’s Fundamental 4™!

  • Strategic Planning
  • Business Development
  • Operational Effectiveness
  • The Human Element

• Email us at info@ironstonehq.com
• Call our office at 800-917-8020
• Connect with us:

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Bring Home The Gold! Employ A Champion Team

Fans are raving over the five teenagers who were the first Americans to earn a gymnastics gold in 16 years.  Being referred to as the “Fab Five” or the “Fierce Five,” the team is being compared to the legendary team from 1996, the “Magnificent Seven.”

How does your team stack up in comparison to the “Fierce Five” or the “Magnificent Seven?”    Are you using outdated policies and procedures in your hiring process?  Get prepared and seize the opportunity to add to your talent pool and find your next superstar!

Building a champion team can be challenging;  however, if you examine the plethora of talent and personality and choose wisely, your team can be the best.  Hiring exceptional talent is critical to the overall success of your firm.  As an employer, you should always focus on bringing the best talent to your firm.

Ironstone has outlined some of the best practices in hiring, on-boarding and human capital retention.

When hiring, ask yourself and determine:

  • Will this person do the job?
  • Do they have the skills needed to perform the job?
  • How well will they fit in with existing team members and culture in the firm?

Be certain not to discount the weight you place on “fitting-in” with other team members and your firm’s culture.   All too often, advisors hire based on the look of a resume and skill set resulting in critical mistakes.  A prospective team member possessing “potential” will only add so much to the depth of your team and may not provide a positive and profitable impact.

“If you don’t know where you are going, then you probably won’t end up there.” ~Forrest Gump~

Don’t settle:

Focus on finding and retaining the best talent for your firm.  Top talent is in high demand; therefore, you should make it a priority to include your hiring strategies as a year-round business process.  In your hiring process include each of the following goals and develop your strategies and tactics for each:

  • Planning
  • Recruiting
  • Selection

 Identify & Keep Your Winning Team:

Utilizing your team and positioning team members with their unique ability will add to increased morale, productivity and profitability.  Consider reviewing current positions and how they are measuring up to the overall success of your firm and identify what skills and personality traits are needed to enhance the caliber of your team.

  • Map your ideal organizational flow chart
  • Identify gaps
  • Assess current positions and roles
  • Determine what is working/what isn’t working

Position Your Firm For Growth:

Don’t underestimate the competition in finding or stealing great employees.  Develop the fundamentals that are needed to attract and retain quality team members.

Consider incorporating the following fundamentals in your hiring plan:

  • Provide job stability.
  • Incorporate challenging work which will instill engaged employees.
  • Provide a culture for team members to grow, flourish and succeed.
  • Create a pay for performance reward system; linking employee performance to the firm’s goals.
  • Focus on developing your current team to be successful.  Provide resources and training that will aide them in reaching and exceeding goals.  Encourage career development.
  • Communicate the firm’s goals with team members.  Team members will have a higher morale and be engaged in their role.
  • Offer enhancements such as flex-time, telecommuting or other services that fit the personality of your team members. 

These enhancements can make a significant difference in employee satisfaction and retention without a mammoth investment.

Download these resources from Ironstone to get started on employing your champion team!

Employee Onboarding Checklist     Hiring Implementation Guide

Your team is a reflection of your business.  This reflection carries throughout the work day and most often in personal lives.  Perception of your team is reality.  Be certain  you have the quality team  your firm and clients deserve;  prepare your firm to employ and attract a gold medal team.

We are curious!!  What does your firm do to attract and retain a gold medal team?  What are your team members favorite fundamentals included in your hiring plan?

Follow us as we explore each of Ironstone’s Fundamental 4™!

  • Strategic Planning
  • Business Development
  • Operational Effectiveness
  • The Human Element

Coming up next, learn about strategic planning with strategic alliances!

• Email us at info@ironstonehq.com
• Call our office at 800-917-8020
• Connect with us: