The performance data you receive from Impraise provides you with a roadmap for developing a highly effective team. Knowing how to use this data will put your team at a competitive advantage. Every great coach knows where each individual team member’s strengths lie and how to organize them in a way that allows the team to make full use of each person’s advantage on the field. How can you use Impraise’s performance data to lead your team forward?
1. Assess team strengths
The data you receive allows you to easily identify your team’s strengths. Having this information helps you assign tasks more accurately based on skill level, rather than intuition. Managers who know their employee’s strengths are 71% more likely to have employees who are engaged and energized. A Gallup study revealed that employees who use their strengths every day are six times more engaged and 8% more productive. Together, teams that use their strengths every day are 12% more productive.
2. Recognize star employees
The best ways to retain top performers are by showing appreciation for their great work and allowing them to do what they do best. Gallup found that employees who get to use their strengths every day are 15% less likely to quit their job. Placing your employees into strategic roles based on these strengths will demonstrate your confidence in their skills and boost motivation.
3. Identify skill gaps
Identifying the skills your team lacks will help you to either provide more targeted training or decide the best way to approach a challenge. Hiring new employees costs a company between $62,500 and $70,000. Instead, training your existing talent is cost effective and boosts learning agility within your workforce. More and more companies are also realizing that coaching can help turn new hires with potential into top talent. According to CareerBuilder, 35% of employers trained low-skill workers and hired them for high-skill jobs in 2015, 33% plan to do the same this year.
4. Become a better coach
Coaching your employees is not only cost effective, the millennial workforce expects to learn on the job. Accenture’s 2015 College Graduate Employment Study revealed that 77% of respondents expect their first employer to provide formal training, but only 53% received any. Part of becoming a great coach is being able to measure and encourage improvement over time. Being able to visually track your employee’s improvement based on feedback is a great way to motivate them to achieve more and teach them how to track their own progress in the future.
This article is part of a management guide about how to become a better leader with feedback.
Manager’s Handbook: How will Impraise help me become a better leader?
Why I should start using Impraise