When employees are burned out at their position, it can have a deep impact on their performance that can quickly spread throughout the office. At James River Capital, their Founder Paul Saunders knows that it can be difficult to maintain a healthy work and personal life balance, especially if there are problems at the office. This is why it is so important to learn to disconnect from work worries during your private time. Is there is nothing that you can do to fix it right now, you shouldn’t be worrying about it while you are at home.
Fortunately, while burnout is rather common it is also easy to detect as long as you are looking for it, according to Paul Saunders. This is why he encourages his management team at James River Capital to be on the lookout for any of these signs and encourages teams at other companies to do the same thing. With more than 3 decades of experience in investing, Paul Saunders has dealt with a lot and continues to be going strong to this day. Here are some of the things that the Principal of the investment advisory services farm suggests looking out for within your own company.
Confidence Is Key
You may be confident in your company, but are your employees? Even if they are confident with the company as a whole, are they satisfied with their own capabilities? People can become stressed out and lose the confidence that they used to have in their careers. They can feel like they are constantly on the edge of getting in trouble which can impact their ability to do their job correctly. When you worry about doing something right, you tend to make more mistakes which can make their fears a reality. To combat loss of confidence in your company, you can ask your management team to set easy, obtainable goals for their employees in order to recognize their efforts and help them gain their lost confidence back.
They Feel There Isn’t Transparency
It’s important to provide open lines of communication for your employees or else they can feel as if they are not being paid attention to by management. When making a decision for the company, ask your team for feedback and be prepared to offer answers to any questions that they may have. When actions are not explained and discussed with your team, they can start to feel as if things are being hidden from them and they are being overlooked for things like raises and promotions. If your team is not sure of what is going on in the company Paul Saunders of James River Capital knows that negative feelings can quickly arise. Learn more: https://www.crunchbase.com/organization/james-river-capital
It is the desire of every firm to get the value for money in every factor of production, especially from the workforce. It is, however, one of the most frustrating moments in management to realize that ‘burning out’ is a reality. James River Capital is one of the few companies that are working to reverse this reality and make companies more productive. The CEO of this company, for instance, has been so passionate about this particular issue in the recent past.
Paul Saunders points out that the main reason why most employees are no more productive is mainly due to self-doubts. Self-doubt is common among employees in competitive career paths around the world. Saunders acknowledges that self-doubt is a complex human condition and therefore it is impossible to have a working environment free of self-doubt and work insecurity. He, however, points out that companies with the help of professional entities such as James River Capital can restructure. Restructuring, in this case, means that the companies must set reasonable individual goals. According to Paul Saunders, setting reasonable goals is not a way to reduce productivity but a smart move to a less self-doubting workforce.
If employees feel that they do not have control of their future within the company, their productivity is farfetched. Paul Saunders, therefore, advises companies to have clear structures on promotions, work expectations, and contracts. These three aspects according to Saunders are the most defining aspects of a successful company. Saunders points out as the part of the James River Capital; he has been active in helping the companies make these factors a reality. When employees have an opinion about their future at the firm, their productivity is not a farfetched reality. For instance, if the employee understands the criteria, the company uses to promote people and reward them; they are more likely to work hard compared to when the company has opaque policies.
Paul Saunders also points that emotions and attitudes have a significant effect on the company’s productivity. He points out that although people are emotional, the emotional aspect should never be a hindrance in achieving the company’s goals. He suggests a customized approach to the emotional issues within the company. James River Capital main suggestion is creating support systems within the organization. Support systems make people feel wanted, valued within the firms, and therefore more productive in the long last. The main advantage with creating a support system within the company is that they are a relatively cheaper remedy to unproductivity and they are customizable.
Operational issues such as productivity of the workforce, management of different investments and advisory on various topics in the corporate world are some of the problems Paul Saunders is passionate about and therefore the main reason for founding the company. Learn more: https://vimeo.com/272365860
James River Capital was established in 1986 and served as alternative investment department of Kidder, Peabody & Co. In 1995 it became an independent investment firm after Paul Saunders, and Kevin Brandt acquired the business from Kidder. James River is licensed as an Investment Advisor with the SCE, Commodity Trading, and Pool Operator with the CFTC. According to statistics James River had over $570 million under management in James River products, as of July 1, 2018.
Recently James River released a blog on three things to do to improve leadership qualities. According to River, a leader is both an art and science as great skills of development are required to lead and effectively manage a team. For one to be a great leader, there are simple changes you can adapt to your leadership approach which can make a big difference. Many companies have conducted extensive studies, and they have discovered three simple changes that can improve leadership skills.
1.Support your team rather than Leading them
A good leader who is dedicated to supporting, and willing to see his squad succeeding should utilize this strategy. It begins with making a critical mentality shift not to lead but instead help your team. Such Small changes sometimes make the most significant impact. Follow James River Capital on LinkedIn
2.Promote and Encourage Close Communication
Fact shows that about 85 percent of employees withhold critical information to their employers. With poor communication, there will be no room for innovation, collaboration, and engagement. Openness and transparent communication are vital for the success of any business. Google through research discovered psychological concept, which ensures there are close links between employees and their bosses. This close link makes people feel safe when presenting to you their problems, challenges, and improvement. Methods of creating psychological safety in your firm are through encouraging and making sure every worker gets a chance to speak during meetings. Learn more: http://jrccblog.net/
- Listen and Accept Everyone`s Opinion
During team meetings, it’s essential to recognize and appreciate participating members. An appropriate strategy should be laid down to ensure every member of the conference gets a chance to a speak out their view. This can be achieved through recording members in attendance and also placing checkmarks next to person names when they speak. Following that procedure, you will realize the quitter members and ask them for their input. Following the above will enhance mutual understanding of workers to their boss.