Great employees want to learn. Great managers want to teach.
In this video, Bernat Farrero, Founder of Factorial HR, offers key experienced manager advice for why managers need to take a personalized approach to employee development.
Managers need to adopt a "teaching mindset." It might not be as easy as it sounds. Sharing knowledge requires patience and humility. But if you can learn to enjoy the process, you'll be able to help employees to grow.
Mistakes are most expensive when the insights gained through the mistake are not properly distributed. But if the organization can harness these mistakes and ensure that people are learning from them, they become a key source of training and strategy.
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7 Jun 2022
Financials for Managers: Cost Accounting for Teams
In order to be effective, managers need to be aware of their costs, assets, and profits. In this video, serial entrepreneur and Factorial Chief Revenue Office Bernat Farrero outlines the finances managers need to keep in mind:
- The value of their assets (inventory, stock, etc.)
- The value their team is bringing (revenue, new customers, bugs solved, etc.)
Managers measuring profits will need to their costs from the value their team is bringing.
But remember! ⚠️ Keeping margins low at all costs is not always the answer. You just need to be aware of the trade-offs you're making. For example, Factorial increases overhead by investing time and money in developing employees. But this will pay dividends with more effective employees and ultimately more satisfied customers.
Are you tracking expenses?
30 May 2022
What's More Important: Right Things or Things Right?
In this manager tip video, Bernat Farrero, Founder of Factorial HR, talks about a choice many people have to make: do the right thing or do the things right. Throughout his career, Bernat has met many experienced people who have found the right way or the right thing faster than experienced individuals.
23 May 2022
What Your Organization Needs for Actionable Growth
What are managers and organizations missing when it comes to growth?
A few things, but the biggest issue is that they're missing action! Bernat Farrero, Founder of Factorial HR, gives his biggest tips on growth. His experience as a long-time entrepreneur has proven challenging but rewarding. Take a look at the tips he has for managers and organizations who want to see growth.
Tips for actionable growth:
- Find people who really want to grow
- Stop using "time" as an excuse for lack of growth
- Have conversations with your team about growth: how can they grow? what do they need to change? whats working? how can you coach an underperforming member of your team?..
17 May 2022
Tips for One to One Meetings
In this episode, Bernat talks about essential tips and advice on how to conduct successful one-to-ones with teams.
One to one Tips:
- Trust your team
- Keep your 1-1 inside an hour
- Don't squeeze in 1-1s between meetings
- Keep two 1-1s a day
- Don't focus on performance updates and reporting
- Persuade your team into implementing CHANGE mentality.
9 May 2022
How to Hire for Hard-to-Fill Positions
In this episode, Bernat gives tips for hiring effectively, from outreach to onboarding.
Hiring Tips:
Take charge of your hiring process.
Reach out to promising candidates with aspirational messages.
Be patient and build long-term relationships even if people aren't willing to move right away.
Look for people you might need to stop, but you'll never have to push.
Ask open questions about past experiences. People are what they do.
Sell the vision.
Find a great cultural fit.
Have fun!
2 May 2022
False Dichotomies in Management
Can you think and do at the same time? Can you work in the short term and the long term at the same time? In this episode, CRO Bernat Farrero explores the false dichotomies that set us up for failure. And the trade offs that set us up for success.
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