Employee buy-in is a challenge for many business owners.
A business is only as good as the systems and people in it, and those people need to have buy-in to what they are doing.
Research has shown time and time again that when employees have buy-in to what they are doing, they perform better.
One of the key ways to increase employee buy-in to what they are doing at work is for them to have buy-in to the business they are working for.
When employees are more motivated and have more buy-in, it’s a win-win situation.
It’s a win for employees because they have more purpose with what they are doing.
It’s a win for employers because their employees become more productive and they generate a more positive business culture.
A key way to generate this buy-in can be to increase transparency in your business.
Get your employees around the table
Depending on the size of your business, this will be a different table.
The table your employees should be sitting at with you might not be the same table the owners are sitting at – there should always be a separate space for decision making where the owners of the business sit.
However, employee buy-in will not be optimal if they never get to have their ideas heard, either.
There should be a space where employees – or at least select, key employees – get to have their ideas for how the business can be improved heard.
Their ideas might be great ideas for your business too. It’s a win-win.
A great time to do this is during monthly meetings with all your staff.
Be transparent with key figures in your business
The numbers in your business will tell the story of your business.
Your turnover, your profit and loss, your number of staff, your number of clients, revenue over time – the list goes on.
You will probably find that employee buy-in goes up when you are transparent with some of these numbers.
Which numbers you show your employees is up to you.
You might want to just show your employees your revenue. Alternatively, you might just want to show key employees your revenue.
Here at LGAS, we have a great deal of transparency with the key figures in our business, and we go through some of the key numbers both once a month as well as in more depth during our annual conference.
This level of transparency breed employee buy-in within our firm, and it might for yours as well.
Get in touch with us for a free consultation if you would like expert help.