2018-08-08 01:12:48HR and Management: HR and ManagementEnglishValue-added leadership approach helps to build healthy employee relations and improves your company's bottom line. Here's all you need to...https://quickbooks.intuit.com/in/resources/in_qrc/uploads/2018/08/Business-professionals-review-a-value-added-leadership-contract.jpghttps://quickbooks.intuit.com/in/resources/hr-and-management-hr-and-management/https-quickbooks-intuit-com-india-r-hr-and-management-value-added-leadership-contracts/Value-Added Leadership: What It Is and How to Achieve It?

Value-Added Leadership: What It Is and How to Achieve It?

3 min read

There are many different management styles out there, and some are more effective than others. Value-added leadership is a particularly beneficial approach that can help to build healthy employee relations while also improving your company’s bottom line.

What Is Value-Added Leadership?

Value-added leadership is simply a term that means that management values collaboration over personal triumphs. The leader seeks to empower and uplift employees, which naturally leads to organic company growth. Rather than simply telling employees what to do, the team leader mentors, trains, and works alongside employees to help them develop and thrive within the company. At the same time, sometimes value-added leadership means giving employees space and allowing them to make their own decisions.

The Benefits of Value-Added Management Styles

Value-added leadership is rooted in positivity, and happy employees tend to be more productive. They’re willing to work hard because they feel a sense of pride and belonging, instead of just trying to earn a paycheck. When employees respect their leader, they genuinely want to do their best.

When your employees are happy with management, they’re also much less likely to quit. This helps to improve your company’s retention rates. After all, finding, hiring, and training new employees is extremely expensive.

Creating a positive company culture also reflects positively on your brand. Customers, clients, and business associates can often tell when an employee is just going through the motions. Value-added management helps to create a more authentic corporate culture that casts your brand in a favorable light. They say you can hear a smile through the phone. And value-added leadership promotes that kind of genuine approach that keeps people coming back.

Finally, value-added leadership just feels better for the team leader. It’s a win-win for both managers and employees. Most team leaders don’t want to micromanage their staff, but sometimes it happens, seemingly out of necessity. Value-added leadership is one of those management styles that makes the manager feel like a true member of the team, rather than just someone who sits at the desk in the big office and signs paychecks. It’s an organic, long-term approach to team building. It uses mutual respect to set a relaxed yet productive tone for the workday.

How to Incorporate Value-Added Leadership

Value-added leadership is based on trust. You have to really believe in your employees. While freedom is a major aspect of value-added leadership, a good leader also knows how to recognize when an employee is struggling and embrace more of a hands-on mentor approach. It’s all about finding that balance. Excellent communication skills are vital, as employees need to know what’s expected of them in order to fulfill their duties independently.

Managers who use the value-added leadership approach should also be willing to accept input from the team and make changes as required. When mistakes happen, they should be viewed as learning opportunities that benefit the long-term success of the company. Both management and their staff should always be looking for ways to improve. When obstacles arise, the goal is to find solutions and then keep moving forward. Maintaining upward momentum is at the core of value-added leadership.

As you can see, value-added leadership is one of those management styles that doesn’t have hard, defined rules. Instead, it’s a multifaceted approach that can take time to truly master. The first step is putting faith in your employees and working alongside them to help them reach their full potential. It’s a learning process for everyone, so results may not happen overnight. Start small now and stick with what works. And you may be surprised to see big changes once value-added leadership becomes the new norm.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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