When asked how they achieved success, most entrepreneurs would talk about their own mentality and work ethic. Conversely, Paul Herdsman, CEO of NICE Global, has more to say about the people to whom he owes his prosperity: his employees.
In the article 12 Success Tips for Entrepreneurs From NICE Global CO-Founder Paul Herdsman, Paul emphasizes the importance of attributing the success of the company to its employees.
To begin, Paul believes it’s imperative to hire great people. People who are driven, smart, and willing to never stop learning. He openly admits that the people he hires are, in fact, smarter than himself, and he takes pride in this. It gives him the ability to put his full trust in his employees, allowing them to take the reins when needed. He claims that trusting others to take on his overbearing responsibilities was a tough personal challenge and that overcoming this challenge was very fruitful.
Once hired, the employee must be given high attention training. Many companies fail to train people thoroughly which results in those people being as useful as a screen door on a submarine. It may cost valuable time, but it’s a necessary investment.
In order to make a return on this investment, the employees must remain at the job for a large amount of time. To remain they must be happy. The best way to ensure their happiness, according to Paul Herdsman, is to create a family in the workplace. He thinks people find happiness from being part of a culture. One way to promote the family mentality is for every employee to understand every job and its role.
For maximal performance, Paul suggests using incentives. He offers rewards to those who exceed expectations. This makes certain that the employees know their work is being noticed and appreciated, propelling them to remain driven. Refer to This Article to learn more about Herdsman and his business strategies.
Paul Herdsman’s advice certainly is different and refreshing. A machine surely cannot work if its parts are broken, regardless of the operator.
See related link: https://medium.com/@paulherdsman