6 BUSINESS MISTAKES
BY: HOWARD LEWINTER
Business is about people. Without people, there isn’t any business. Business success starts with hiring the right team of people to work with; to represent your company to customers. CEOs, presidents and business owners need to structure the company culture of the workplace to consistently demonstrate how important and valued good employees are at every level.
Yet this can be a challenge for many business leaders. Many times, business people forget what it was like to be an employee; or may never have experienced being an employee. Yet, by not making employees a priority the turnover of workers will be constant. Tis can lead to desperate hiring situations which is not a favorable circumstance for multiple reasons. Tat’s why it’s critical to not make business mistakes common to many companies, perhaps even yours. Te cost of turnover can be high and impact the profitability and reputation of your company.
Here are 6 business mistakes CEOs, presidents and business owners make that cause good employees to quit and find employment elsewhere:
1.) OVERWORK. Tere is only so much work people can effectively and productively accomplish in a work day or work week. Tere is only so much work humans can do whether it’s a part-time or a full-time position – or working overtime. It reaches a point
where it is unrealistic to expect more from employees. You may attempt to demand more of your employees but if the hours are long, the pay not in line with the hours worked and the environment not pleasant then good employees will eventually quit. Or it may lead to employee burn out. Overworked employees can lead to unnecessary business mistakes. Te cost of overworking your employees can be quite high not just in paycheck dollars but also in quality of work which will be lacking thus turning away customers or clients. Analyze the employee workflow charts to maintain the optimal output from employees at all levels of the company. Otherwise, your expectations may be diminished, and mistakes increased.
2.) GIVE CREDIT WHERE CREDIT IS DUE. You may have heard that phrase before: Give credit where credit
CEOS MAKE THAT CAUSE GOOD EMPLOYEES TO QUIT
28
MARCH–APRIL 2018
WIRE ROPE EXCHANGE
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