Find Your Own Steve Jobs with Performance Feedback
What company started out in an unused garage with $1,350 in reserves and turned into the most valued brand in the world? The company named after a tasty fruit of course, Apple. There are many reasons why Apple has gotten so big (innovation, opportunity, marketing, etc.) but one of the main reasons why this two-man startup became what it today is because of one man, Steve Jobs.
“Innovation distinguishes between a leader and a follower.” – Steve Jobs
How Companies View Leadership
Not every company will have their own innovative unicorn at the helm. You may not have a Steve Jobs, but your company can still go from a David to a Goliath! It all starts with leadership.
Tweet This: How to find your own Steve Jobs employee:
One of the keys to leadership in your company is acting on it. Even though 41% of organizations recognize the critical importance of defining leadership requirements, only 8% have taken the time to actually define their unique leadership requirements. With some simple math, we find that 33% of companies are ignoring their self-proclaimed need to define leadership requirements.
Steve Jobs not only made Apple what it is today, he also almost ran it into the ground. Martin Winterkorn, a former chief executive officer of Volkswagen, led Volkswagen in losing $7.3 billion to cover the cost of recalls and other efforts to limit damage during their emissions scandal. How can you trust the up and coming leader in your company when 71% of organizations said their leaders are not ready to lead their organizations into the future?
The key to finding your next leaders is looking at the next wave in the workforce. By 2025, Millennials with become 75% of the world’s workforce. Globally, 53% of Millennials dream of being the leader or most senior executive at their current company. Chances are, the next innovative leader for your company will come from the Millennial generation.
“Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.” – Steve Jobs
Feedback Is King
How does one admit or realize their mistakes? Communication through feedback with their team! It’s not only necessary for your business to succeed but your employees want it. 71% of employees surveyed prefer immediate feedback. Feedback helps your employees grow and become the leaders you want. 70% of employees think reviews should focus on skill development and professional growth.
Tweet This: 71% of employees prefer this kind of feedback:
Feedback from top leadership can be impactful but feedback from peers can be equally as valuable. 88% of peer-reviewed employees are happier with their jobs. How does a company implement feedback?
● Actually listen and care about your employees; feedback is about receiving and giving
● Build your employees up with positive feedback; leave negativity at the door
● Be immediate and specific with your feedback; don’t let mistakes fester.
“My favorite things in life don’t cost any money. It’s really clear that the most precious resource we all have is time.” – Steve Jobs
Work is More Than Money
When it comes down to it, money is not the most important thing for employees. 89% of employers assume that their employees leave for more money elsewhere, but only 12% of employees actually earn more from their next company. Money isn’t the reason why a potential future leader leaves, and it’s not why they stay.
Steve Jobs began with a vision to create a “computer for the rest of us,” not necessarily to make billions of dollars. The same goes for your employees. Many future leaders go elsewhere not because of money, but because they simply don’t feel appreciated. This is a glaring problem when 39% of employees don’t feel appreciated at work.
Tweet This: What do you do as a leader to make employees feel appreciated?
For some employees, workplace happiness can come down to the flexibility of life balance and work issues. 45% of employees felt that work/life balance was very important to their job satisfaction. Offering flexible work hours or encouraging your future leaders to take time off can help them feel appreciated in their workplace more.
“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance” – Steve Jobs
When the going gets tough, the tough get going. We want to help your organization and employees succeed! Your very own Steve Jobs could be working in your office today, you just don’t know it. Make your performance review smoother and more rewarding to find your next great leader. Let Reviewsnap’s all-in-one performance management system help you effectively develop your staff. Download your performance review template now!
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