3 Basics for Delegating Responsibilities
Part of being an effective leader is delegating responsibilities to the members of your team. This isn’t something that should be done without thought and intention, as there are strategies to delegating successfully.
Handing tasks over to your team requires confidence in each member’s abilities, as well as taking the time to clearly convey the assignment and supporting the member as needed. Successful delegation may also involve adopting a team spirit and positive attitude that makes you approachable when one of your members needs input or advice.
The three basics for effective delegation that I use every day as CEO of Ox Bonding include the following:
Work on weaknesses, utilize strengths
Your team is likely a diverse mix of individuals, and as such, will each bring something different to the table. Take time to get to know your team, and the elements and skills that they bring. This will make it far easier to delegate successfully when the time comes.
When utilizing the strengths of each team member during an assignment or job, don’t forget to make an effort to work on areas of weakness. Give them a chance to hone skills that they may not have right now, but that they may be able to foster with a little bit of instruction and tutelage.
Everyone’s contribution is valuable
Show appreciation to your team and remember that each and every contribution is a valuable one. Be sure to give your staff the opportunity to shine, and recognize that everyone is capable of greatness given the proper support. Don’t be stingy with positive affirmation and kudos whenever an opportunity arises; this can inspire and motivate, even when some team members may be less than thrilled with the tasks they are given. Thank those that exude a good attitude and that don’t mind going the extra mile when it is required. Be careful to not play favorites, with subordinates always strive to be fair and objective in compensation, advancement and conduct.
Lead by example
Remember that you are leading a team working toward a common goal. With this said, show your staff that you don’t ask them to do something that you wouldn’t, or couldn’t, do yourself. Model a team attitude by helping out when possible or as needed, and instill respect among your coworkers. When they see that you are willing to lend a hand, there may be less resistance when you call upon them to do something tedious or difficult. By showing your team that you are willing to go the extra mile, you’ll encourage them to do the same.
Effective leaders exhibit the following traits:
It is my experience that effective leaders recognize areas of strength and weakness in their team. These professionals will utilize skill-sets among their staff, and take the time to help them in areas that are not yet honed. They also strive to make every member of the team feel useful, worthy and valued.
I find that keeping an open and receptive line of communication with team members fosters success, as does acting as a role model for the rest of the team, taking part in tasks, assisting during difficult times, and getting my hands dirty as needed. Respecting everyone you work with while showing you are also working hard goes a long way in earning the respect and hard work of those around you.
When all is said and done, a good leader never makes excuses, or blames their subordinates. Leadership means taking responsibility for failure themselves, and sharing success with others.
Jeffrey Camp, President and CEO of Ox Bonding, a Cinium Financial Services company, has excelled in the finance industry since his career began in 1991. Aside from leading multiple companies, since 2008 he has taught a graduate-level business class at the University of Miami School of Business Administration. This class teaches practical applications for the investment process.