Creating an environment that is conducive for your business is one of the pillars used in the development of a successful business. This is better explained by Paul Sanders, the principal, and founder of the James River capital corporation and its affiliates. Mr. Saunders serves in a number of positions within the corporation like the CEO and chairman of the corporation and in the financial corporation under the same umbrella. James Rivers capital is a United States investment corporation that trades in financial advisory services. Among other financial and investment services that the corporation offers is commodity trading, investment advice, and management in the United States.
Holding these positions and being in charge and responsible for a diverse team at the investment corporation, Paul Sanders has a unique and necessary approach towards maintaining a product that ensures a constant flow of ideas and thoughts on how to move forward in the service industry. As part of the executive management team, creating or putting in place policies that assist you in the identification of burnout with your staff, allows you some time to avoid or prevent losses associated with it or employ ways to mitigate it. The following are some of the factors that Paul Sanders observes in the management of an effective team.
Loss of control. When your team is about to experience burnout, there are signs of loss of control in the employees in term of managing their work. It is noticeable when they are unable to plan their schedules and when they lose track of time easily. This situation is caused by a number of things including too much workload or over the assignment of work. To mitigate this, the management needs to implement flexible timetables as well as allocate work that suits each employee’s area of expertise. It is easier to do work that you enjoy and understand.
Transparency. In any field of work or situation, trust plays a fundamental role in the development of loyalty. It is human nature to feel the need of certainty when we knew that someone has our backs. She that ground gets shaky it gets harder and harder to work or trust in the system. Most employers fail to acknowledge that their staff are in fact part and parcel of the business. Employees, most often than not, feel like there are part owners of the business and therefore need to grow with it. When the management’s decisions are agreeable with the staff there is transparency. It otherwise, there is not and that heavily affects how the business will fair from then onwards. Involving the staff in decision making is one of the ways to ensure transparency.
Finally, if the above factors, by Paul Sanders, are not mitigated and better policies put in place, there will be an overall change in attitude within the business. Learn more: https://www.linkedin.com/company/james-river-capital-corp