If you're a small business owner in Australia, you'll likely already know all about the challenges of management. Right now, 97% of all Australian businesses are small (annual revenue under $50 million, less than & 100 employees), so it's a problem that many faces. In this article, we take a closer look at the primary challenges and how to overcome them.
What Are The 5 Management Challenges?
As you'll find out by taking most good business management courses, five primary management challenges exist. They include:
- Communicating effectively with your team
- Assessing & dealing with performance issues
- Recruiting the right employees
- Conflict management
- Retention of your best employees
Obviously, these are just the basic challenges that need to be overcome. So, while the environment and personnel might change, the overriding issues don't. Keep reading to find out how to overcome these common challenges that so many managers face.
So, How Do You Overcome Management Challenges Like These?
Ok, so we now know what the challenges are. Let's see how they can be overcome individually as we examine each point.
Challenge #1 - Communicating Effectively With Your Team
Communication is a perennial problem across the business world, and it's been exacerbated by the recent boom in employees wanting to work from home. Many Aussies still prefer to do so, even post-pandemic, and countless online platforms are being used - meaning that maintaining clear lines of communication going has become even harder than ever.
How to Overcome: Centralise your communication so that everyone uses the same platform & be sure to set aside time to catch up with employees that aren't at your location.
Challenge #2 - Assessing & Dealing With Performance Issues
Business management TAFE courses highlight the need to track performance and offer feedback on areas for improvement. Trying to conduct regular one-to-ones with your staff is vital to their development, but it can be tricky with a team spread over a large geographical area. However, it needs to be done for everyone's benefit.
How to overcome: Carry out performance reviews with EVERY employee and agree on SMART Targets to ensure that everyone knows what's expected of them and that their goals are attainable.
Challenge #3 - Recruiting The Right Employees
As online learning in recruitment shows, hiring the right staff is of great importance. You need to find not only someone with the right skills but also who's also the right fit for your company culture and has the right kind of experience. It's not easy, but recruiting the right employees is central to the success of every company, as businesses are only as good as the people they employ.
How to overcome: Plan your recruitment, ensuring the interview and selection processes are geared toward finding the most suitable people.
Challenge #4 - Conflict Management
In an ideal world, everyone gets along and is their best version. Sadly, we don't live in an ideal world, which means that conflicts can arise between team members. It's so important to deal with these problems when they exist, as they can end up impacting the whole company, and it's up to you as a manager to resolve the matter.
How to overcome: Engage in conflict management training. Also, take the time to really comprehend what's happening, so you can take the necessary action. Be fair to both sides, and you'll have no issues.
Challenge #5 - Retention Of Your Best Employees
After you've gone through all the time and trouble finding the right staff, you need to do everything within your power to hold onto those people. However, it can take a lot of work to do so. It's a competitive world out there, so if your staff isn't getting the pay and conditions they want from you, you could end up losing them. Owning a business is a natural part, but you have to get it right.
How to overcome: Ask for feedback from your staff to see what motivates them. Offering benefits like wellness programs and online leadership learning will also help to engender employee loyalty.
Enhance Your Management Performance With OCA Online Learning
If you'd like to boost your management performance, there's no better way than by engaging in our video-based CPD-Endorsed short courses online, like those found in our Advanced Staff Management Course Bundle. Engaging, mentally stimulating, and created in collaboration with top industry experts, we offer a next-level learning experience that makes learning professional skills easy.
We're proud to be able to say that our students see ours as the best online education Australia can offer, and it's something we work hard to make happen. Look at our Student Study Demo, and you'll see that every course in our huge library (covering 20+ industries) comes with 1-to-1 mentoring and can even be paid for in manageable instalments.
If you'd like to know more about this, simply visit us today at www.onlinecoursesaustralia.edu.au where you'll see everything you need and more. Alternatively, to speak to us about anything else, call 1300 611 404 or email us at email@example.com, and we'll reply without delay.