#AskPeshev 87: Building Trust and Loyalty as a Leader

#AskPeshev 87: Building Trust and Loyalty as a Leader

April 07, 2021

“Great leadership inspires trust and loyalty; bad leadership pushes people away.”

— Mario Peshev

Forget about knowing so much about your craft, becoming very popular, or generating a high revenue — if you don’t take care of your people enough and build trust and loyalty as a leader, success is just going to be momentary.  79% of employees would quit and seek new jobs because of bad leadership. The cost of a single turnover can vary by wage and role, but on average, replacing a salaried employee can cost as much as 6 to 9 months’ salary. It doesn’t have the case for your business.  This week’s newsletter aims to help you out in your challenges with establishing a great leadership and nurturing your relationship with your people. Read on and let me know if you have questions.  Mario

Remember the old saying, “People don’t quit jobs, they quit managers.”? It’s similar when the people in charge are at fault. Highly motivated and enthusiastic people, or people who want to make a change, give up because they don’t feel their leadership sees the future in the best possible manner.

It's All About Reading...

When you get passed over on a promotion you wanted, keep on with your day-to-day and report to your newly appointed direct manager or team leader. If you’re eager to land a promotion, work harder and have an open discussion with your management regarding possible opportunities to undertake a managerial role.

Build a Long-Term Relationship With Your Customers | Mario PeshevGreat customers are rare to find because they need to be in a very specific place at a point in time, in a specific industry, size, and need, so that they can leverage your services. Win them for good.

People who can trust their managers are more motivated than those who can't.The high manager trustworthiness indicated in the chart also results in improved performance, thus generating more earnings for the employee and ultimately, for the company.Indeed, people often leave or love their companies because of their managers. 

39% of employees feel that they are underappreciated at work and 77% would work harder if they were recognized.One of the best ways to extend your gratitude and recognize the efforts of your workforce is to reward them accordingly.And it doesn’t have to be all cash! There are other rewards you can give out. Specifically, here are 25 employee reward ideas. Take your pick!

April marks the beginning of Q2 and growth initiatives have been exploding over the past couple of weeks. This is why we see a lot of demand in both tech, recruitment, and brand building. Here's what we've compiled as the monthly deck of business tips you want to revise for April!