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To Manage or Not to Manage - With and Without Using Team Management Techniques

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Majority of the managers say that the single greatest challenge is executing their company's strategy. Team management techniques can help with that. Learn what are the main team management challenges and how you could solve them.

Published in: Leadership & Management
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To Manage or Not to Manage - With and Without Using Team Management Techniques

  1. 1. TO MANAGE OR NOT TO MANAGE? by Weekdone With and Without Using Team Management Techniques
  2. 2. TEAM MANAGEMENT TECHNIQUES +47% 8000 managers say that the single greatest challenge is executing their company’s strategy Companies that increase the number of talented managers and 2x the rate of engaged employees achieve, on average, 147% higher earnings per share than their competition 8000 WITHOUT WITH
  3. 3. 40% Only 11% of managers believe that all their company’s strategic priorities have the financial and human resources needed for success 40% cite failure to align 11% $450-$550 72% Disengaged employees cost organizations between $450 and $550 billion annually 72% of highly engaged employees understand their importance or role and how it contributes to organizational success
  4. 4. LONG-TERM FOCUS AND ALIGNMENT 36% Two thirds of senior managers can’t name their firms’ top priorities Engagement automatically increases as people understand the reasons behind different choices and decisions Set, share, monitor and align goals in every level of the organisation: 2/3 Only 36% of organizations have a standard, enterprise-wide approach to goal-setting
  5. 5. MANAGE YOUR TEAM WITH WEEKDONE - TEAM GOAL SETTING AND TRACKING SOFTWARE weekdone.com TRY FOR FREE
  6. 6. OKR 16% 40% Only 40% of employees are well informed of their company's goals, strategy and tactics Only 16% of front-line employees clearly understand the connections between corporate priorities When information is shared openly, hierarchy lowers and culture improves Objectives and Key Results is a great technique to give people direction and purpose ė
  7. 7. COLLABORATION 30% 86% 30% managers cite failure to coordinate across units 86% of employees cite lack of collaboration for workplace failures Give people a place and an opportunity to exchange ideas, give and get feedback: 33% Better collaboration leads to quicker problem solving and improved engagement 33% of employees say the ability to collaborate makes them more loyal
  8. 8. GOALS 80% 46% 46% of companies review or revise goals throughout the year More than 80% of small business owners don’t keep track of business goals. Establish an overall goal and make it visible for the whole team. Set key metrics to measure it. Those who write down goals achieve more than those who don’t.
  9. 9. 56% 19% 33% 50% Only 50% of senior leaders, 33% of managers and 19% of front-line employees update their goals throughout the year 56% of workers feel overwhelmed due to a lack of planning, changing priorities, and limited resources. 4x 69% Employees with a high level goal clarity were 4x more likely to have higher performance Among employees who strongly agree that their manager helps them set performance goals, 69% are engaged
  10. 10. ENGAGEMENT 30% 300$ $ 30% of executives say that motivating their employees is their toughest job Disengaged workers cost the economy 300$ billion per year Ŏ 35% Motivate people by giving them real-time specific praise, freedom to decide for themselves, opportunities and an environment for their suggestions: Highly engaged employees are 35% more likely to have above-average productivity.
  11. 11. REAL-TIME AUTOMATIC STATUS UPDATES 2.6 h 91% 91% of people use email to collaborate with their team Office workers spend on average of 2.6h/day handling emails. Improve company productivity by automating time consuming status updates: Automating email and status update meetings, leaves more time for meaningful tasks
  12. 12. 37% 16 min It takes 16 minutes to re-focus after reading a message 37% of employee time is spent on meetings Those who send weekly progress reports to others achieve more Reflecting on your week helps people to become better at their work
  13. 13. TRANSPARENCY AND ACCOUNTABILITY 28% 6% ŏ Ŏ 40% ? ? ? ? 40% of people that write down goals don’t check whether they’ve achieved them. Use an internal communication system, that makes sure everybody knows what's going on: Employees who strongly agree that "My manager holds me accountable for my performance," 28% are engaged. Among employees who disagree, only 6% are engaged.
  14. 14. 50% Only 50% of U.S. workers believe their employer is open and upfront with them Transparency highlights issues and encourages people to find solutions Transparency increases the speed, efficiency and quality of decision making
  15. 15. FEEDBACK Managers account for at least 70% of the variance in employee engagement scores 51% 68%70% 51% of managers are not engaged 68% of employees who receive accurate and consistent feedback feel fulfilled in their jobs Employees need recognition and more responsibility:
  16. 16. 13% Only 13% of employees are engaged worldwide 43% of highly engaged employees get feedback at least once a week 12% Employees who are happy are 12% more productive
  17. 17. MANAGE YOUR TEAM WITH WEEKDONE - TEAM GOAL SETTING AND TRACKING SOFTWARE weekdone.com TRY FOR FREE
  18. 18. RELATED CONTENT BY WEEKDONE WEEKLY STATUS REPORTS TECHNIQUES 12 BEST TIME MANAGEMENT 12 BEST TIME MANAGEMENT TECHNIQUES 9 UNIQUE TRAITS OF HIGH-PERFORMANCE TEAMS 7 LIFEHACKS: HOW TO SUCCEED IN PRODUCTIVITY WITHOUT REALLY TRYING BE MORE PRODUCTIVE NOW 7 LIFEHACKS BY WEEKDONE (that can be absorbed during a coffee break)

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