Why You Should Be Generous To Your Employees

Why You Should Be Generous To Your Employees

“Every great leader has a generosity gene.”
- John Welch

Often, we associate generosity with someone who loves giving gifts, donating to charity, and always ready to pick up the tab. But once you connect this term to a leader, it creates a whole new picture.

Generous leaders don’t just authorize bonuses or pay for luxury company trips. It’s hard to put a price tag on the value they provide. They impart their knowledge, share important information, offer opportunities, and allow space to make mistakes. These offerings are invaluable - as the old saying goes, if you give a man a fish, he eats for one day, but teach him to fish and he’ll never go hungry again.

Jack Welch, former chairman and CEO of General Electric, asserts that generosity is the most vital element of leadership. It doesn’t only help your business succeed. It also does wonders for your people's confidence. Without further ado, here are some ways employees can benefit from your generosity - and in turn help drive the success of your brand:

Employees are informed.

Unfortunately, many leaders don’t put the sharing of information high on their agenda. That’s a major misstep, according to a survey by 1000 Ventures. It found that employees ranked transparency as one of the most desirable qualities in a leader. This is because when you go out of your way to impart relevant information, it lets your employees know that you value them.

It can be about a new milestone reached by the company, the latest development in your field, or in fact anything that may be of interest to anyone in your team. This practice helps your employees acquire knowledge they can use to progress their careers or for personal growth. What’s more, engaging with employees in this way leads to conversations where they can also share with you what they know, resulting in you learning from them too.

Employees feel they belong.

It’s not uncommon for employees to feel like outsiders, especially when they’re new. Make them feel at home by giving them your time - show them the ropes inside your organization, introduce them to people, and check in on them.

When your people witness your benevolence through these actions, they will be more likely to emulate this quality and in turn assist new team members settle into the company. This will help foster a healthy company culture, another key factor cited by employees as likely to either keep them happy and productive or compel them to start checking for vacancies elsewhere.

Employees connect well with management.

When you openly share company updates, you open the lines of communication between you and your employees. It may be complicated to make them understand the vision you have for your company and even harder to make it their own. However, if you make an effort to explain it to them, they will realize its importance. Be sure to tell them the relevance of their roles and responsibilities in making this vision a reality.

Surveys show that the degree of separation between management and staff correlates with the success of a company. Leaders who are visible and accessible are more likely to inspire loyalty and spur productivity. It’s important to foster a healthy work culture that runs on teamwork and transparency. Nurture the relationships you have with your team members by creating opportunities for social interactions.

Employees become more engaged.

Being a generous leader also means you are unselfish when it comes to giving compliments and praise. Your team needs to hear if they are doing well. It will encourage them to work harder. Not knowing where they stand in the company can make them lose their drive and interest. If this happens, there’s a risk that they will take their skills to your competitors.

So spare a minute to commend their performance verbally or through a quick email. If you have time, you can hold a small ceremony where you can present awards. Demonstrate to your people that you appreciate the work they do. Equally, if you think they need help, give them feedback and points for improvement. Employee engagement increases when individuals see that someone is willing to use their time to guide them.

If you want to help your employees, you have to be prepared to provide support so that they can do their best work. Don’t limit your mentorship to those who report directly to you - whenever you can, extend it to employees in all levels of your organization. You may well discover people in the unlikeliest places with the potential to help you achieve your goals.

“Sometimes, when we are generous in small, barely detectable ways, it can change someone else’s life forever.”
- Margaret Cho

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