70% of company projects fail because of poor management. This harsh statistic is a wake-up call to all business owners.
Failed projects waste resources. However, every failure is an opportunity to learn.
Take a look at your current management team. Which managers are thriving, and which are underperforming? How can you help managers improve?
Despite education and experience, new managers still need training. Plus, it helps integrate new hires into company culture faster.
You can save time and money with a manager training program. This process will become more necessary as your company expands.
There are many ways to approach management training. Let’s start with a few popular ideas.
Management Mentorship
Do you want your managers to lead with confidence and empathy? Throwing them to the sharks on the first day isn’t the best idea.
Untrained managers are a recipe for toxic stress. If they’re not set up for success, how can they lead a team effectively?
Consider a manager mentorship program. Mentor programs pair managers with seasoned leaders.
Mentors help new managers:
- Navigate challengers
- Budget resources
- Delegate duties
- Create shareholder reports
- Identify strengths and weaknesses
- Hire team members
Managers also job shadow mentors. Shadowing helps mentees learn the ropes of their jobs.
As your company grows, consider the benefits of an executive development program. These programs identify rockstars within your company and prepare them for high-level roles.
Provide Enough Resources
Where do your managers stand? How do you know they’re benefiting the company?
The project failure rate is one metric. However, your managers need resources to manage projects.
Do your managers have the following basics?
- An adequate budget
- Shareholder objectives
- The latest technology
- Enough staff
- A reasonable timetable
- A line of communication
Lack of resources is a common issue. Luckily, you can mitigate this problem with good resource allocation.
Make sure new managers have sufficient resources from the beginning. They also need substantial training manuals and company policy booklets.
Training Managers with No Experience
Effective managers don’t need long management work histories. You may have natural managers in your company without realizing it.
Administer tests to discover your employees’ best traits and skills. For example, you may learn that an employee has valuable WordPress experience. Another employee may volunteer as a camp counselor, exhibiting leadership traits.
Great managers bring ideas to the table! Ask employees what processes they would change or introduce. Analytical thinking is a management asset.
Continue to assess managers’ performance to maintain progress. Providing a management assessment test is one way to evaluate performance. These tests help identify potential managers within the business too.
If you have a large team of entry-level managers, you’ll need a solution that’s built to scale. For example, create training programs tailored to each department. By the end, the trainee should have a complete entry-level management education.
Make the Most of Manager Training
Are your managers prepared to lead?
Start them off on the right foot with a complete manager training program. Remember to monitor performance metrics to maintain success.
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