We asked a group of managers a simple question – “What do you do when your employees start to leave?”
Here are the answers we got:
- 30% said- “We hire better people.”
- 35% said- “We make our exit policies stricter.”
- 35% said- “We do regular team-building exercises.”
Do you think these answers are good enough in 2022? Everyone talks about employee retention, yet, few managers truly understand that their leadership style plays a vital role in employees wanting to stay. Only when they stop being a “boss” will they become “leaders”.
Who is a great leader? Is it someone who ensures their team follows rules? Or is it someone who ensures that their team is productive? We, at Great Manager Institute®, believe that Great People Managers build trusting relationships that lead to sustained business results
One such great leader is Praveen Nair, the Founder and Managing Director of Xcubated Business Solutions (XBS), an advisory, consulting, digital transformation and smart products organization with a presence in India, Australia, Europe and the UK.
“I have initiated anonymous feedback specifically for managers with constructive assistance so that they can set up their team for success.”
At XBS, Praveen has implemented many great practices which made him a part of the prestigious list of the Top 100 Great People Managers of 2021 by Great Manager Institute ®, published in Forbes India. One such commendable practice is “flat hierarchy”. His company was able to reduce attrition by 50% only because all the managers follow an open-door policy.
“As the Founder, I am accessible to all, irrespective of their role in the organization and I welcome ideas, innovations, suggestions for improvements and new thoughts.”
If your organization is struggling to attract and retain great talent, it is probably time to have a thorough review of your leadership practices. Great Managers Institute® is on a mission to make great leaders and in our series “Your Employees are Leaving Because of You”, we are sharing the best employee retention practices of India’s Top 100 Great People Managers of 2021.
According to GMI, this is what we can learn from Praveen Nair’s story:
- Be a good listener. Keep your doors and ears open for feedback from your teammates.
- Implement a “people-first” approach. Fun team events and outings will help you stay together and win together.
- Lead, don’t preach. Create an environment of open discussions and lead your team by example.
If you believe your leadership skills are at par with the best practices shared in this story, participate in Great People Manager Study 2022 and get a chance to feature in India’s Top 100 Great People Managers list. We are eager to hear your story. Register here!
Cheers to great leaders!