So let your staff grow in ways that actually interest them – and let them help your business at the same time. This recommendation comes from the businesscollective.com website.
80-20 plan
Are you familiar with the famous plan that Google deploys in order to help its employees succeed? It is called the 80-20 plan. Every employee is allowed to use 20% of their time for anything they consider useful.
And the results? This approach was behind the beginning of Gmail or Google News. Thanks to this plan, all employees are strongly encouraged to think creatively and try to propose innovative ideas, then work on them.
Personal development doesn’t have to be about constant improvement in one particular job. If you allow your employees to grow and nurture more of their abilities, the results may come as a pleasant surprise to you.
The key is to enable your employees to broaden their horizons while at the same time helping your company.
Failure should be allowed: stretch assignments are good
Google is definitely an ambitious company. And still, it allows its employees to fail occasionally. Management is satisfied with a success rate of 60-70%. And guess what: there is some solid reasoning behind this approach.
If you want your goals to be both ambitious and credible, you must realise that not all your plans will be successful.
On the other hand, it is true that failure in business is not always acceptable. If, for example, clients are involved, you should definitely aim for perfect results.
-jk-