PT 35A: How to GET EMPLOYEES TO WANT TO STAY  #shorts
Channel: Not Theoretical - It's Practical
Date: 2022-12-16

Habits of Highly Effective Organizations Series [1 Minute Better]
(Scroll to the bottom to see how to grow 🌱 your professional network by one more)

Employees at organizations with high levels of trust have more energy, collaborate better, stay with the company longer, and are more productive than employees of organizations with low levels of trust. They also tend to experience less chronic stress, which leads them to experience more happiness in their lives, which fuels stronger performance.

Paul Zak, a neuroscientist and researcher, identified nine management behaviors that foster trust. 

Here are three of the nine ways to foster trust in your organization and improve employee retention and motivation:

1️⃣ Recognize Achievements
👉 Public recognition and praise releases the hormone oxytocin, which fosters trust and cooperation. Additionally, recognition of accomplishments can lead to a release of dopamine, which boosts concentration levels and energy levels while also improving mood.
🧠 Neuroscience reveals that recognition of achievement has the largest effect on trust when it occurs soon after the accomplishment, when it comes from peers, is tangible, unexpected, is personal and public.

2️⃣ Assign Challenging, but Attainable, Goals
🧠 When a team is assigned a difficult, measurable,  achievable goal, the moderate stress of the task releases neurochemicals that intensify people's focus, strengthen social connections, and increase motivation to accomplish the goal.
👍 This approach is most effective when leaders keep track of progress and adjust goals that are either too easy or no longer achievable.

3️⃣ Allow People to Choose their Approach to a Task  
👉 Set clear expectations and then give employees the freedom to tackle challenges without micromanaging them. 👉 👉 Handing over responsibility to people shows confidence in their abilities and empowers them to take ownership of their tasks.
👉 This autonomy promotes innovation as different people try different approaches.  
👉 Effective delegation will limit mistakes, but expect mistakes to be made. 
🧠 When mistakes are made, the brain releases dopamine, signaling the need to focus. The next time you work on the task, your brain will work more slowly and deliberately, trying to determine where things went wrong. This “dopamine circuit” aids in learning. 
💥 You short circuit the dopamine circuit when you are overly critical of mistakes. People become less likely to admit mistakes, which hinders innovation by making people afraid to try new things.

🤔WHAT ELSE?
Younger or less experienced employees may be your best innovators, because they are less constrained by what “usually” works.

🎓 This tip is based on the principles found in Paul Zak's book 'Trust Factor: The Science of Creating High-Performance Companies'  https://amzn.to/3UVreYp via @amazon 

We've covered some of these in this Practical Tip, but if it helps you, here are key tips from the book:

👉Build trust through transparency: Be open and honest with your employees, and make sure that they have access to the information they need to do their jobs effectively.
👉Foster a culture of trust: Create an environment that values trust and encourages employees to be open and honest with one another.
👉Focus on building relationships: Trust is built on relationships, so make an effort to connect with your employees and build strong, positive relationships with them.
👉Encourage open communication: Encourage employees to share their ideas and concerns openly and honestly, and make sure that their voices are heard.
👉Foster a sense of belonging: Make sure that employees feel like they are part of a team and that their contributions are valued.
👉Provide opportunities for growth and development: Invest in your employees and provide them with opportunities for learning and personal growth.
👉Lead by example: As a leader, it's important to model the behavior you want to see in your employees. This includes being transparent, trustworthy, and open to feedback.

🤔ANYTHING MORE?
If you don’t have time to read or listen to a book, consider getAbstract and Blinkist. getAbstract and Blinkist are both companies that provide summaries of non-fiction books in the form of text, audio, or video.
🆓 Blinkist free trial  - http://blinkist-us.pxf.io/e4L3MO
🆓 getAbstract free trial  - https://www.getabstract.com/?af=NotTheoretical

💡 RECOMMENDATION: I subscribe to both Blinkist and getAbstract. I find their summaries capture different details.  During your free trials consider searching for books you like and see which summaries you enjoy most. 

ℹ️ The above links are our affiliate links. Affiliates pay a person when someone purchases products or services through their affiliate links. 
 
🌱 WANT TO GROW YOUR PROFESSIONAL NETWORK BY ONE MORE?  
🤝 Feel free send me a connection request on LinkedIn! https://www.linkedin.com/in/kcbarr/
 
😀MAKE SOMEONE'S DAY! LIKE & SUBSCRIBE - IT'S FREE!