The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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A business is only as powerful as its team

If you want to build a successful business, invest your time, energy and resources in building a strong team.

0218 Action Matakana Team Purple-186Take it from Zig Ziglar, “You don’t build a business - you build people - and then people build your business.” Your team can provide insight into business ideas and operations that you may never view from a management level.

If there is one thing business owners shy away from it's collaborating with their people to gain ideas, feedback and solutions. Without receiving and understanding team feedback, your business is missing out on opportunities to grow and improve.

Showing your team that you value their feedback will get them emotionally invested and committed to your vision. One tool that is essential to this pursuit is a team survey. This is an invaluable opportunity for teams to respond to management style, business operations, the effectiveness of recent changes and areas for improvement.

Benefits of a successful survey

For a team survey to offer the highest value to you and your business, you must guarantee anonymity. Allowing teams to express themselves anonymously greatly increases their willingness to answer honestly. When it comes to responding to feedback, demonstrate that you listened and use the feedback to start a dialogue. There’s nothing more discouraging than being asked to complete a survey, only to have your responses ignored. As you work to implement changes and strengthen what’s working, demonstrate that you hold yourself to the same standards you place on your team.

With a team survey, you can discuss topics ranging from team benefits, management processes, business goals, career development, communication, culture and work environment. You can even use the survey to acquire input on potential products or services. By doing so you can test your ideas and gauge how the market will respond.

Conducting and analysing

A successful survey will gather as much information about the different areas of your business in the shortest amount of time. Increased team participation and buy-in will come from surveys that are quick and easy to complete. An effective survey combines multiple choice, ranking and short answer questions to gain a variety of data that’s easy to analyse. Incorporate this survey into your annual planning, exit interview process and even your quarterly evaluations.

After conducting each survey, it’s your responsibility to objectively and mindfully review the responses. Begin with recognising the positive feedback. It’s important to acknowledge the people and processes working at a high level. A strong survey will not only accurately identify challenges, but provide potential solutions. Remember, criticism is not a personal attack but rather suggestions made by the individuals who are closest to the issues. Consider the feedback and create programs to address what’s necessary and appropriate. Knowing that all suggestions won’t be feasible or agreeable, focus on improvements that make the most sense for you, your business and your team. Clearly define the expectations moving forward allowing for further collaboration.

Team surveys have the power to demonstrate your business strengths by uncovering and addressing your business weaknesses. Conducting this survey shows you’re strong enough to accept constructive feedback and confident enough to create an effective plan. There is nothing more powerful than emphasising the role your team plays in building a great business.

If you would like to improve your HR processes then call Alliotts in Auckland on 09 520 9200 to make an introduction. HR Contracting have over 30 years’ experience in human resources and have access to an extensive library of online tests which can quickly and inexpensively assess behaviour, cognitive ability and skills. They also have a huge catalogue of position descriptions and have conducted over 30,000 selection interviews. This experience combined gives a superior prediction of job performance and the information needed to make training and development decisions.
Colin Dunn is a Director and Co-Founder of PANALITIX. Article by PANALITIX Accounting Firm Consulting Services & Business Improvement. First published July 2018 -

Topics: culture leadership management talent