Managing others is hard. There are many ways to be a good manager and equally as many, if not more, ways to be a bad one. Remember that employees often leave their jobs not because of a company, but because they don’t like their managers.
One recent study found that more than 56% of employees would turn down a 10% raise to stay with a good manager. There’s also a striking statistic that 82% of employees would rather receive praise from their manager than a gift.
Offering your team good, genuine encouragement is not hard, yet so many managers fail to give their employees the recognition they deserve. Many managers also fail to be as attentive to their employees as they should be. (They try to multitask instead of grouping similar tasks together and time batching.)
Author Bio: 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.
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