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4 - Employee Retention with Beat Ventures' Dave Anderson
Manage episode 303892652 series 2984435
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If you have employees that just sit there, without being challenged or learning new things, then it’s likely they are going to leave for another company. They will feel like their growth has been stunted and that the other company will provide a better opportunity for them to continue their education.
Create a culture that encourages learning where everyone can learn from each other and grow. Dave Anderson, our guest for today’s episode, shares some of the key points of creating such a culture.
Companies who foster a challenging environment where people are constantly learning new skills will be able to attract employees who want to continue growing in their current position or those who aspire to grow within the company. Tune in to learn the tips to generating the most efficient work team for your company.
EPISODE 4 SUMMARY & HIGHLIGHTS
What is it that makes people want to stay with the company and grow and develop?
3:54
It’s the culture of the organization that makes people want to stay. People want to be where they feel like they have a voice. You don’t always have to agree with them but it’s important that they feel heard and respected. One of the core values of Dave’s organization is entrepreneurial spirit. Another one is a positive mindset. We need people around us to have the same value systems. A culture andenvironment of learning and growing is necessary. How can you make sure that all the employees are on the right track?
5:48
This lies in having the right mix of team members. Dave’s organization wouldn’t have survived if it was just 100% scattered all the time.You need to have the right balance of various team members that continue to challenge the others. What significance does entrepreneurship have in organizations?
8:13
Not everybody is an entrepreneur, but there is not a single person who doesn't have ideas. There lies the real sense of entrepreneurship. We need to provide an environment where people bring ideas to the table.
Entrepreneurship is a very broad term that's interpreted in many ways. Dave interprets it as the ability to come up with ideas. That’s what we try to develop. Entrepreneurial spirit is really an “idea” spirit. Creativity is not exclusive to creative people. Walk us through the process after brainstorming to implement ideas.
11:53
When you have a lot of ideas it’s important to bring in other points of views. The next thing you have to do is to check if the idea fits in with your core business. Also make sure that the idea is going to help advance the business in the direction you wish to pursue. If it doesn’t fit in with the core business, save it for later campaigns or you can use it for an offshoot company. An offshoot company is a company, group, or organization that has developed from a larger one. What's your process of developing people into different roles of leadership?
15:14
It’s always hard when you bring somebody in from the outside. They need to really understand the culture and the way you do things. When I hire people for our company, I’m not worried about their college grades. I look for mindsets. I take in people with an attitude of learning and growing.
After a while, if they want to leave the company, their leaders need to accept that. Think of it as a positive point that we're helping develop people, even though their loss to the organization sometimes hurts. What do you keep in mind in terms of training your team?
18:16
The number one thing is learning and growing. When we hire people, we ask the question, ‘how do you learn’. It's important that you stay current in your learning. Apart from this it’s also important that you educate yourself on business, management and emotional intelligence. I believe in a very diverse catalog of learning material. That for me is the number one thing. All of our team members have a path of growth outlined for them. We try to outline that path that gets them the skill sets that they need to learn to be able to advance into the next position that they're looking for.
KEY QUOTES:
04:10-04:18
“Are you providing an environment where people want to be? People want to be where they feel like they have a voice?”
07:30-07:38
“The number one lesson I learned was that you have to have people around you that will challenge you and at the same time will support you.”
09:50-10:03
“Entrepreneurship is a very broad term that's interpreted in many ways. I interpret it as the ability to come up with ideas. I don't know a single person that doesn't have ideas.”
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