Reward and encourage your star employees

What’s the one thing you would do differently in your business if you could go back in time?

Business is a journey with many opportunities and challenges. The way we react to each is a reflection of our experience, circumstances and state of mind at the time. Sometimes mistakes and poor decisions lead to profound insights and become a critical part of our ultimate success.

I started my first business 37 years ago and over that time I have employed a lot of people. Some of them have been amazing and some have been a long way short of amazing. The one thing that I would change if I could go back in time would be to treat them less equal. I would reward and encourage the creators, the people with a great attitude and a burning desire to learn and be the best they can possibly be. I would invest more time with these people and less with the others. I would “free up the future” of the others, the energy suckers, the constant criticisers, much, much faster because they detract from the client experience and drive away the good employees.

I refer to this as the “5-year rule”. If you don’t see an employee as part of your future in 5 years time, then make them part of your past as soon as possible. Every time I didn’t do this I regretted it.

Note that it is important to adhere to the Fair Work dismissal rules.

 

Contact


Unicorn Business Solutions are based in Devonport Tasmania, with clients around Australia.

64 Best Street, Devonport

Mail : PO Box 511 Devonport TAS 7310 Australia