Written by: Justin Reynolds
What percentage of your organization’s problems would you say you’re aware of?
According to Sidney Yoshida, you are almost certainly being too kind to yourself. In his study “The Iceberg of Ignorance,” Yoshida asserts that top managers are only aware of a paltry 4% of the problems that are affecting their organizations at any given moment. Furthermore, middle management is only aware of 9% of the problems while supervisors are familiar with 74% of them.
Does anyone know all of the problems affecting an organization at any given point in time, according to Yoshida? Yes: frontline employees.
So, per Yoshida’s research, the people best equipped to solve problems — and those who have the authority to do so — are the least likely to even know the issues exist in the first place.
Whether these problems are related to efficiency, employee happiness, workloads, or professional development opportunities — among other things — they need to be addressed and resolved quickly if companies expect their employees to stick around for the foreseeable future. When management isn’t even aware that there are problems taking place, there’s no way they will be able to solve them.
The good news is that it’s possible for you to captain your company in such a way that ensures you avoid crashing into the “iceberg of ignorance.” Here’s how:
1. Use pulse surveys
Since you can be certain that your low-level employees are very aware of the problems that are occurring at your organization, the easiest way to figure out what’s going wrong is by asking them directly. Because some members of your team might be a little shy and afraid of giving their honest opinions out of fear they may be disciplined for sharing bad news, utilize pulse surveys that enable employees to give their feedback anonymously. That way, you increase the chances that your employees tell the truth. Look for patterns in your employees’ responses to figure out what needs fixing. Act upon their suggestions as soon as you can.
2. Keep your door open
If you want to know about every problem that’s occurring at your company, get in the habit of keeping the door to your office open as much as you possibly can. Encourage your team members to pop into your office to let you know about any problems that are either developing or are anticipated to develop in the future. The more communicative you can convince your team to be, the less likely you will be blindsided by bad news.
3. Schedule exit interviews
Don’t let your employees leave without picking their brains and asking them what went wrong. Schedule exit interviews with each of your workers who decides to leave to pursue another opportunity. Ask each employee what they liked about your company and what they would change if they were in control. Use the information you glean from these interviews to identify problems areas. Whenever you uncover a serious problem, take swift action to address it immediately. By doing so, you will almost certainly enhance employee happiness and convince your team to stick around.
Develop a feedback loop with your employees so that they can always be counted on to tell you about things that aren’t going as well as you wish they would be. That way, you won’t be left in the dark — and you won’t crash into the iceberg of ignorance. Your company will live to float comfortably for years to come.
Signs of Slowing Economy Continue to Mount
11 Most Read IRIS Articles of the Week!
3 Strategies to Feel More in Control of Your Investments in 2019
3 Life Insights From the Jeff and Mackenzie Bezos Divorce
Weekend Warriors: Ortho Regenerative Technologies Begins Final Animal Studies in Rotator Cuff Repair
Advisors: A New Way to Build Trust With Your Audience on Social Media
4 Tips to Get Over Your Fears of Being on Camera
Top 7 Questions To Identify Core Leadership Skills
How Technology Is Helping Clients Take a Bigger Role Than Ever
What Happens When Labour Gets Commoditized
Markets1 day ago
Long-Term Investors: The S&P 500 Is Not Your Friend. Here’s Why.
Development1 day ago
Again, and Again, and Again: The Way to Build a Great Advisory
Advisor Marketing1 day ago
How to Integrate a Robo-Advisor Offering on Your Website
Equities2 days ago
MIT Says 2019 the Year That Blockchain Goes Mainstream
Sales Strategy2 days ago
The “Polite” Prospect Can Be the Most Difficult Prospect
Human Performance2 days ago
6 Techniques to Close Deals Faster
Markets3 days ago
Is the Market Rising Due to the Lack of Bad News Screaming at Us?
Markets3 days ago
The Early Bird Sells too Soon