47 Make Employees Feel Like Partners

If you want your employees to be motivated to do their best, and if you want them to be the most valuable asset on your balance sheet, then let them feel and experience ownership in the organization.

The best managers make every employee feel like a business partner. Why? Because when people feel ownership of something, they look out for it, protect it, and pour themselves into it.

One way world-class organizations and their managers help create workplaces alive with entrepreneurial thinking and a sense of ownership (aside from the usual profit sharing and stock options) is to retitle their employees’ positions. For example: Starbucks and TDIndustries refer to their employees as partners. Guidant, famous maker ...

Get The Complete New Manager now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.