How can your company be more resilient during a crisis?

The current business world often is uncertain and can be affected by numerous crises, such as severe weather events, pandemics, global conflicts and economic downturns. So it is important your company is resilient in the face of such challenges.

Employee development can be a crucial factor in how your company navigates crises, according to Inc. And developing your employees does not have to be overly complicated.

Inc. shares the following three steps every company should take to boost resilience in a crisis.

1. Treat everyone as a leader. Companies often focus on just developing a few people they view as potential leaders. But treating all employees as leaders enhances their ability to contribute to the company’s success. For example, you can be transparent and discuss decisions with your employees or expose them to new ideas to build their confidence and enhance their knowledge.
2. Provide individual attention. Your employees can grow into leaders when you understand their individual needs. You can meet regularly with employees one on one to define their goals and help them plan how to achieve those goals. You also can pair employees with a coach who meets with them consistently to help them work toward their goals.
3. Provide opportunities to step into leadership. Encourage employees to “think like an owner” and voice ideas for the business, such as cost-cutting or operational improvements. Welcome all ideas and implement them when applicable, which makes employees more confident regarding their contributions to the company.

Date : Jan. 01, 0001