Posted by Accountemps on Wednesday, July 2, 2014 - 00:00 | Follow me
A smart leader knows not to micromanage and handhold, but rather to communicate and delegate. Chasing around each and every employee to check up on their progress — as you can see in this YouTube video — will burn you out, kill office morale and hurt productivity.
Your accounting and finance professionals are more than competent. After all, you likely hired most or all of them. But to lead your team to success, you must first learn how to delegate. When you entrust your staff with new responsibilities, you invest in the future of the organization by developing a motivated, skilled and highly productive workforce. In the long run, that can help your firm or department achieve its wider, big-picture goals.
So, how to do it?
Give the gift of delegation
First, remember that randomly dumping your work on others isn’t delegating. Not only is it unfair, it’s impractical. That being said, you need to focus on overarching objectives without getting bogged down by the details of payroll processes and credit checks. These are tasks your staff is more than capable of handling. With each new delegated task, your employees get the opportunity to fine-tune their technical abilities and soft skills, becoming better problem-solvers, project managers and decision-makers. These opportunities deepen the knowledge they already possess by allowing them to use their skills in broader contexts and new scenarios.
Delegate to develop your team
Trust your employees, and they will pay you back with loyalty and higher productivity. When you learn how to delegate effectively, you develop more well-rounded employees. Showing confidence in your workers also strengthens relationships and boosts morale. In fact, some companies are experimenting (and finding success) with giving people complete autonomy, judging employee performance solely on results.
Reap the benefits of smart delegation
Learning how to delegate strategically starts with carefully evaluating each employee’s strengths. This not only makes you a better manager, it allows you to capitalize on your employees’ abilities and interests. You can maximize your team’s output only if you delegate duties to the right people.
Divide and conquer the workload
Examine each task and then consider how to delegate effectively. There will be a few jobs that only you as a manager can do, while other projects will call for employees with specific skill sets. You obviously wouldn’t ask a mortgage underwriter or a financial analyst to perform an unexpected audit, for example. There will also be tasks that most staff members can handle, which you should distribute equally.
Roll with the punches
When you relinquish duties or projects, you also let go of some authority and control. Keep in mind that mistakes will inevitably occur, even if you think your directions are clear. This is a natural part of any learning process and despite setbacks, your team will emerge on the other side wiser and more experienced. If you want to improve productivity in the long run, you have to take some risks.
Know when to call for help
If you’re buried under a pile of work and even delegation won’t dig you out, consider tapping a staffing agency that specializes in accounting and finance. Staffing specialists can draw on a vast pool of highly skilled and experienced professionals to quickly find the right fit for your needs.
Let us be your staffing partner to find accounting and finance professionals.
Once you’ve quelled the micromanager in you, make learning how to delegate a priority. Empowering your workforce improves the bottom line, which is beneficial for management, staff and clients. Loosen the reins, explore the full potential of your newly macromanaged team and enjoy the resulting success.