3 Easy People Processes for Huge Business Impact

I want to recommend three key people processes that can make a huge difference for your business. You may need a major overhaul, just a tune up, or perhaps implement them for the first time. You can take your business to the next level by adding these simple people processes which ultimately will increase employee engagement and improve company culture

Invest in your leadership team by training them. At least 95% of high-performing companies have one thing in common, good leadership. Whatever training you put into your leaders will pay off exponentially in your top and bottom financial line success.

I want to recommend three key people processes that can make a huge difference for your business. You may need a major overhaul, just a tune up, or perhaps implement them for the first time. You can take your business to the next level by adding these simple people processes which ultimately will increase employee engagement and improve company culture

Invest in your leadership team by training them. At least 95% of high-performing companies have one thing in common, good leadership. Whatever training you put into your leaders will pay off exponentially in your top and bottom financial line success.

Some companies will go the route of formal leadership training, but for those who are not able you can start small by having your leadership team read a good leadership book each month or each quarter. Then spend 1-2 hours per month as a group discussing the golden nuggets which were gleaned from the book and most importantly, how they are going to apply these principals into their leadership style.

Here’s a few books to consider putting on the list.

  • The Oz Principle
  • Overcoming the Five Dysfunctions of a Team
  • Good to Great
  • The 7 Habits of Highly Successful People

Create a talent management process for your employees.

Every company, regardless of size has a performance curve of top and bottom performers. Yes, that’s right – every company. You have a top 25% of performers and a bottom 25% of performers. The top 25% drive your business success and of course, your bottom 25% slow down your business success.

If you move the performance level of your lower performers higher, this will drive business success. Also, very candidly if you exit lower performers you can upgrade your talent and find higher performers to replace them. Discussing the performance level of your staff on a quarterly basis is not only a good thing, it will also help you make good people decisions that will impact business success.

Hold regular review or “touch base” meetings with employees. Monthly or quarterly meetings with employees create a forum to talk with your employees and listen to their needs. Companies are doing away with the annual review process and moving towards more frequent conversations around performance. Leaders should do more listening vs. talking, ask employees what help they need from you to be successful and ask what barriers exist internally that stops them from doing their jobs better. If you listen to your employees, they will share great ideas with you. These regular meetings are a great way to improve communication, hold employees accountable to set goals and serve as an opportunity for positive feedback.

We challenge you to implement all three of the above initiatives as we approach the second half of 2023! If you need help, please reach out to us to have a discussion on how to get started. Whether you are acquiring a new business, need help in lowering employee turnover, going through a major transformation within your company, or just need a compliant employee handbook, we are here to support your needs on a retained or project basis.

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Small and medium-sized businesses may not have the time or expertise to implement the necessary people strategies for business success. The ideas above can be easily implemented by you to help improve the performance of your employees which leads to increased employee engagement and increasing the bottom line.

We are here to help you with the people side of your business: employee engagement, retention programs, performance management, vision, and strategic plans, leadership development, selection & onboarding, compensations programs, organizational design, employee handbooks, core values, and all things HR-related.