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6 Steps to High Performing Teams
The document outlines six steps to create engaged, high-performing teams, emphasizing the importance of employee engagement for improving business performance. Key steps include conveying the company's mission, setting requirements, checking progress, conducting wage surveys, offering benefits, and fostering a culture of engagement. It highlights that engaged employees contribute more significantly and attract high-quality talent, ultimately increasing company margins.
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6 Steps to High Performing Teams
- 1. 6 Steps toCreate Engaged, High Performing Teams Make Your Business Better 1
- 2. Employees Make Your BusinessBetter 2 Engaged 31.5% Not Engaged 51.0% Actively Disengaged 17.5% Gallup 2014
- 3. Sample Co Make YourBusiness Better 3 Visionary Integrator Finance Marketing/ Sales Operations
- 4. Sample Co Make YourBusiness Better 4 Visionary Integrator Finance Marketing/ Sales Operations
- 5. Cost of Turnover MakeYour Business Better 5 Average Turnover % of Annual Salary Sample Co FTE Total 20 20% 4 Avg Salary $25,000 Total $100,000 COST $75,000 Sample Co FTE Total 50 20% 10 Avg Salary $25,000 Total $250,000 COST $187,000
- 6. Make More $Via Your People Engaged People Work more for FREE! Make Your Business Better 6
- 7. Step 1- Convey Your Mission Portable | Repeatable | Ideally Memorable What are we here to do? How do we do it? Who do we serve? What value is created? 6 Steps Make Your Business Better 7
- 8. Step 2– Sit & Set Requirements Sit 1-1 time confirms supervisor cares about teammate Set Role specific – manage to the individual level 6 Steps Make Your Business Better 8
- 9. Step 3– Check Your Progress Inspect what you expect What’s rewarded is repeated 6 Steps Make Your Business Better 9
- 10. Step 4– Wage Survey Are we paying right amount to keep? Are we paying right amount to attract? 6 Steps Make Your Business Better 10
- 11. Step 5– Provide ‘Big Company’ benefits PTO policy ( vacation, sick) Medical, Dental, Ect Savings/retirement Very difficult to afford/justify when under 250EE 6 Steps Make Your Business Better 11
- 12. Step 6– Engaged People! Want to work more For free! Attract other high quality Increases company margin 6 Steps Make Your Business Better 12
- 13. Entrepreneurs Must SaveAmerica They're the key to jumpstarting job creation and the U.S. economy - Gallup, 2012 America = Small Business Make Your Business Better 13
- 14. Early •Founder (+) •Friends, Family Growth/Stability •EmployFriends, Family & Strangers •Typical by comparison •Early stage teams High Performance •4x more revenue Existence. Survival.. Doing Requirements Success, Take-Off. Expected Minimums to Attract EE’s Best In Class! Optimal Make Your Business Better 14 Savings Plan, Flex time, Medical, Payroll ADP, Trinet, GMS, Paychex Insperity Workforce Optimization (exclusive to Insperity) 1- Intentional Performance Improvement 2- Liability Shift (Partner) 3- Medical (Pool vs Brokered)
- 15. Host and Sponsor Host- Paul Kilzer Serial Entrepreneur Advisor Author of Forthcoming Book- Lead Your Business From the Beach 4 Strategies to Work 3 Days a Week, Make 3x More Money & Bless the World Sponsor- Make Your Business Better 15
Editor's Notes
- #4 Vulnerability story- 1st company I trusted highly, and didn’t document our terms. Got burnt and lost A LOT of upside. His atty told my atty that if I didn’t sell my ½ of the $3MM company for $13,000 (as per capital account), he would bankrupt the company and I would have to payback ½ of the $300,000 credit line. Learned- leadership team alignment is critical and erodes on its own. Learned
- #5 Vulnerability story- 1st company I trusted highly, and didn’t document our terms. Got burnt and lost A LOT of upside. His atty told my atty that if I didn’t sell my ½ of the $3MM company for $13,000 (as per capital account), he would bankrupt the company and I would have to payback ½ of the $300,000 credit line. Learned- leadership team alignment is critical and erodes on its own. Learned
- #6 Vulnerability story- 1st company I trusted highly, and didn’t document our terms. Got burnt and lost A LOT of upside. His atty told my atty that if I didn’t sell my ½ of the $3MM company for $13,000 (as per capital account), he would bankrupt the company and I would have to payback ½ of the $300,000 credit line. Learned- leadership team alignment is critical and erodes on its own. Learned
- #16 1st co- 30+ EE, $3MM+ 2nd co- 25+ EE, $2MM+ MADE MISTAKES- boot strapping & undercapitalized. No 6 mos of reserves, haphazard HR efforts