It’s no secret that a manager has the power to impact daily employee satisfaction – contributing to the overall success of the team and, in some cases, the company as a result. With this job title comes a lot of pressure, however when done correctly, this role reaps plenty of reward too – ultimately helping the business grow from strength to strength.
It’s said that, in many cases, employees don’t leave businesses, they leave managers. So, in this article by forex trading experts Learn to Trade, they’re addressing the top 3 traits that both those new to the role and veteran professionals should remain mindful of – helping you not only succeed in your role, but ensuring those in your team are as well-equipped for success too.
While it’s human nature to project unwanted feelings onto others – be this through blame, anger or stress – combating this reaction in favour of practising accountability is one of the greatest traits a manager can embody. As a person in position of power, you shouldn’t be any less accountable for your actions than anyone on your team – this means putting your hands up when things go wrong and acting selflessly when things go well.
As a result, by acting as an example of accountability within your team, your colleagues will recognise this as a positive trait and are more likely to be more mindful of their own actions too. This skill isn’t one that comes naturally, however it’s one that can be easily taught and transferred from other disciplines such as forex trading and other self-employed positions where the only person you have to blame for mistakes is yourself. This factor will help you to understand and accept responsibility in a wider team environment more readily.
A healthy working environment is one where the overarching energy is trust, not fear. This can be achieved through both professional tasks and personal interactions with your workforce. In essence, it’s vital that you learn to delegate tasks, as giving your colleagues a certain level of responsibility will undoubtedly help make them feel like a valuable asset to your business – ensuring employee retention as a result.
Not only should you look to build trust within a professional environment, but you should try to get to know your team members on a more personal level where possible. Here, have the aim of making them feel comfortable enough to speak to you about any concerns they have that don’t pertain to their immediate work. While we’re not proposing they come to you with all their personal matters, by ensuring they feel comfortable talking to you and you acting on their worries – for example, being slightly more lenient with their working hours in circumstances where this would help them personally – productivity will likely improve as well as their respect for you.
One of the most important skills any manager should have is the ability to make decisions, not only for your business, but for your employees too. By making measured decisions based on effectively weighing up pros and cons as opposed to acting on gut reaction, you’ll be able to give clear direction to your colleagues and ensure they feel clear and confident in the task at hand.
This skill can be practised in many aspects of life – from choosing between the sensible and the pretty gym shoes, to working on your solo part-time trading strategy and basing your trade on what you know, instead of what spontaneity and lust dictates. As part of the decision making process, a good manager will value input from colleagues but, ultimately, will accept that it remains up to them to come to the final conclusion.
In a positive team environment, there are many variables that can affect and alter how you work with people and the impact this has on you and your business. So, regardless of whether you’re managing a small team in an SME or looking after an entire department on an international level, investing time into becoming the best manager you can be will undoubtedly not only reflect well on you, but your team and company too.
John James is a content writer for Learn To Trade, the foreign exchange education and learning specialists – offering a range of training courses to help people understand the currency trading market, as well as its opportunities and risks.