A recent study published by the Stanford University highlights the direct correlation between the quality of bosses and the productivity of their employees. Entitled “The Value of Bosses”, the research has determined that a good boss can substantially increase workforce efficiency in an organization. Quantifying “boss quality” with a unique data set, the Stanford research further established that replacing a boss in the lowest 10% quality percentile with a boss who is in the 10% highest quality percentile is, in statistical fact, equivalent to adding an additional worker to a 9-person team in terms of total output.
Whether you’re an entrepreneur seeking to form a Singapore company, a sole proprietor, or a manager spearheading a small to medium sized enterprise, these tips can help improve team harmony and workforce productivity. Rikvin has compiled some basic tips on how to be a good boss from the world’s top human resource experts.
Develop, Don’t Preach
Directing employees, barking out orders and adapting a largely didactic approach can only go so far. To achieve success in the long term, a good boss must learn to develop employees and cultivate their skills.
A Harvard Business Review guide entitled “Developing Employees” cites a manager’s ability to identify opportunities for growth, establish goals, and provide feedback to workers as salient factors for employee development.
A successful employee development program is one where both organization and employee work together to upgrade the latter’s abilities, skills, and knowledge – for example, by leveraging the Singapore productivity and innovation credit scheme to provide skills training and productivity incentives.
It’s a Team Sport
Great bosses are team players. They go the extra mile to demonstrate how much they respect and value every employee. They celebrate each worker’s personal accomplishments, and constantly express appreciation for the team’s achievements. In addition, a good boss does not demonstrate power unnecessarily, but instead takes the time to contribute personally to overall team goals.
Read more about the six tips on how to be a good boss at Rikvin.com.
