A Career Strategist’s Top 10 Tips for Success
Leadership styles are important because they can have a major impact on the success of a business. So, what’s your leadership style? You may think you know, but there are many different types. Here, we will cover five leadership styles and how each type of leader should be compensated.
Mismanagement is a common issue for those who have been promoted into management positions without proper training or supervision. In order to avoid this, it’s important that you take the time to learn about different leadership styles and decide which ones work best for you and your team.
1. Common Leadership Styles
There are many different types of leadership styles, which are usually reflected in the person. Some leaders prefer to be forceful and authoritative, others tend to take a more compassionate approach, while still others are independent in their leadership style and establish their own rules and regulations.
So what are the different leadership styles? And how do they fit into a leadership role? Well, let’s take a look:
Leading by example
Leaders lead by example, so they are quick to show their team members the way. For example, if there is a problem in the workplace, they will immediately call the employee directly and express their concerns.
The Five Most Common Leadership Styles
The five most common leadership styles we often see in leadership positions are through our own careers. Here’s the breakdown:
Being in this leadership position, you rarely need to take action. You can simply delegate most tasks to someone else and stay on the side-lines. The only goal is to make sure the job gets done, which is usually done without anyone knowing. You may also be personally involved with the business, but this is generally within your own department and your job isn’t directly impacting your company’s goals.
It’s the term of art for being an assertive leader. While being this type of leader doesn’t often require you to take action on a daily basis, they will typically handle relationships with authority.
In an authoritarian leader, there is a power struggle for supremacy within the company, with little to no oversight and accountability. This type of leader keeps a close watch on what everyone is doing, then discards or ignores the work of those that have been given more responsibility.
Authoritarian leaders believe that the decisions they make are right and that those around them should also make the same decisions. In order to show authority, they may punish people who do not act in accordance with their desires.
Let’s say that your management style is aggressive. If you were to say something to a team member like, “you really need to work faster on this report for Monday,” that would be an example of a dictatorial leadership style.
While the authoritarian management style is often seen in the workplace, it can actually have a negative impact on your company if you are forced to use it excessively.
Authoritative leaders are characterized by a rigid and unyielding demeanor, as they tend to micromanage their employees. They’re looking for unquestionable obedience and self-sacrifice, not open dialogue and hard work.
Be wary of this style when it comes to negotiating pay or holding your team accountable. Also, avoid authoritarian leaders if you’re looking for mutual trust between the staff.
The status-oriented style can be a good choice for some managers, especially if you want to run a tight ship. If you’re looking to get more out of your staff, expect a lower degree of flexibility.
You know you need an attentive team if you have hired many professionals who are new to the profession.
If your team members are all new to the job, you will need to create a mentor-mentee relationship. This is an ideal time for this mentor to learn from the mentee’s work before moving on to the next stage of development.
You will need to be flexible and willing to change your tone of voice and the way you say things to adapt to the new employee’s style. Because new employees often expect more flexibility, you might also have to let them go if you find that they are unable to meet your expectations.
Managers who possess an affinity style are typically comfortable with change and other new employees. They are often willing to take on additional work and are passionate about what they do.
Leadership Style and Pay
The way your leadership style impacts your compensation is dependent on the structure of your current job or responsibilities. We all know that in a hierarchical environment, the more senior a position, the more money you make. But that’s not necessarily the case in many smaller companies. Many owners of small businesses are willing to promote from within, and the employees can share in the profits.
For instance, maybe you’re the assistant to the owner, and you’re already getting paid $30,000 a year. If you’ve been working in the company for five years, your boss knows you’re talented and competent, and you’re helping the company grow. Instead of directly promoting you, he could hire a new manager who has more experience than you and pay them $60,000 a year.
Measuring Success as a Leader
Have you ever thought about measuring how your business is doing? Success doesn’t always mean that you’re making tons of money, but does that money actually benefit the business? Is it enough for you to continue running the business or are you looking to grow it?
When you’re a business owner, you need to measure the success of the business in order to figure out how much money you’re making and whether or not you should be investing more in your business. As a leader, you should take a similar approach and want to know how much money the company is making.
Having a successful career is a major goal for many of us, so if you’re not already in management, here are some ways to make your management journey a smoother one.
Maintaining your own leadership style is important for both you and your team. Deciding on your personal leadership style is all about being comfortable with who you are as a person, knowing when and how to push your employees and when to step back. While these suggestions are about leadership styles, it’s very important to also be aware of your personality and learn to use these techniques to connect with others.
Must Read : Top 10 Best Hover Helmets With LED Lighting