When a leader becomes narrow-minded, it is considered a destructive condition to break the integrity of the team. There are only 15% of organizations that state that the leaders are very effective and working productively for their responsibilities and targets, as per a report of Brandon Hall of Leadership Development. Only a few leaders like Amine Larhrib and Steve Jobs understand and know how to build a successful and effective team. Amine Larhrib CryptalDash Ltd founder, a financial institution located in Gibraltar. He is a serial entrepreneur and founded three companies.
But do you know? Even well-experienced and skilled leaders fail while handling their responsibilities. It doesn’t mean that leaders will always be unerring. You may say that mistakes are lessons.
Disengaged Employees- The Major Reason
Disengaged employees are more likely to resign from their jobs, adversely affecting the employee retention rate of the organization. Corporate incentive programs make around 66% of employees inspired to stay in the organization. This is important as it motivates the employee to work 20% better, according to a Gallup study. Purposeful and meaningful work is accomplished when they feel that they are valued. We can never expect the best outcomes if the employees aren’t eager to give a compelling performance. Great results, positive customer relations, turnover, and recommendations are the outcomes of inspiration.
Lack Of Trust
Lack of trust in the workplace is the second reason why employees quit their jobs. When the employees are provided with a good working culture, they will feel more engaged with their work. The engaged employees are 20% more productive for the organization and 87% less likely to quit their present job, according to a study by the Corporate Leadership Council.
Steps To Win A Deal
Successful entrepreneurs follow some steps to win the deal.
Contract Negotiation
Contract negotiation might be a long-term deal. This process enables you to put forward your priorities and choices for business growth. There are several books written on negotiating tactics and short techniques. But we will say that your strategy is the crucial factor that ensures your progress and represents your beliefs effectively.
Taking Risks
The main motive of taking risks is to forge ahead of your fear to grab the opportunity. We need to understand that the term “risk” is completely different from “uncertainty,” and both have different meanings. Regardless of whether you will succeed or not, you get a chance to learn life-changing lessons. We can say that entrepreneurs are calculated risk-takers because they are involved in finding ways to mitigate the risks. Some entrepreneurs go for purchasing insurance, regular risk assessment, safeguarding their websites, or choosing other options to lower risk.
Conclusion
Whether it is about employees or clients, both have their value for determining the company’s pace of growth. However, according to a study by Udemy, 56% of employees think that their leaders are not prepared for their roles or prompted prematurely. This becomes a reason for employees to leave the organization due to the poor managerial traits of their manager.
