3 Ways to Invest in Your People
The success of a team is determined by growth, not just the growth of the company but each individual’s growth. When everyone on the team is learning and advancing, the team will be successful. But how do you ensure that your team is constantly growing?
A key way to invest in your team’s growth is through education. By providing opportunities for your team members to learn new things and refine their skills, you can help them grow as professionals and as individuals. Let’s take a look at 3 ways to invest in your people in Web3.
1. Create a plan with each individual
Managers should meet with each team member periodically to discuss not only their career goals within the company but also their ambitions. You can typically break that down into a few things. What are someone’s passions? Where can they utilize their skills more? What do they actually want? And that will be different for each person. Some people want to be executives one day, and some don’t. Some people want to own a piece of a function while others want to be ICs.
The way that the cultures of big tech have set the industry up is creating this sense that if everyone isn’t constantly moving up, the organization isn’t growing. It’s more important to make sure that your team ends up in the right position that best utilizes their talents. They will find more fulfillment and the organization will benefit from having the right people in the right roles.
This process will take time. You will get to know the person and how they work, then start essentially coming up with a career plan together. It’s not a one-and-done conversation. You should be having these conversations on an ongoing basis.
Once you have an understanding of what each individual is looking to achieve, you can start to invest in their skills development. This might mean improving technical skills or soft skills. Communication and collaboration are just as important as technical skills when it comes to success in the workplace.
Throughout the entire process, you need to be honest about where people need to improve, where people need to invest, and where people might need extra effort in improvement. The goal is to help each individual grow.
You also need to give honest feedback. This can be difficult, but it’s important to have these conversations early and often. It’s the only way people can improve and reach their potential. If you’re not honest about where people need to grow, you’re doing them a disservice. They won’t be able to improve and they’ll eventually become frustrated with the lack of progress.
All of this is important for facilitating growth for each individual on your team.
2. Implement time and resources for training
This is a much more tactical way of investing in your team’s education. You need to provide the time and resources for training, whether that means sending them to workshops or paying for online courses.
If you want your team to be constantly learning, you need to make sure they have the opportunity to do so. That means setting aside time for training and development. At Stardust, we have a $2,000 education credit per person per year that can be used for anything to sharpen skills. By strengthening your team’s skills, you make them more valuable to the company and better equipped to achieve their goals.
Make learning a part of your company culture. Everyone needs practice and everyone can always be improving. Learning should be encouraged and celebrated at all levels of the organization. When you invest in your career, you get better results and are better equipped to handle challenges and take on new responsibilities. This is a core tenant of how we think tactically about education and training.
3. Creating an environment where learning and feedback are collaborative and enjoyable.
Making people the priority will go a long way in ensuring that your team is happy and engaged. Hard conversations are inevitable, especially when discussing where someone needs to improve, so it’s important to also focus on the positive. Finding ways to give feedback in a way that is constructive and helpful will ensure that your team is receptive to it and more likely to act on it.
This makes the learning process more collaborative. When people are supported, they’re more likely to be engaged and receptive to new ideas. If they feel like their voice is heard and that they’re valued, they’ll be more likely to invest in their development.
Investing in your team’s education is an important way to ensure their success and the success of your company. By providing opportunities for learning and growth, you can help them reach their full potential. Creating a culture of learning and development will help you attract and retain top talent. And most importantly, it will make your team more effective and better equipped to handle whatever challenges come their way.