Investment and finance has long been defined as a field of work that demands a lot out of people, and can push almost anyone to their breaking point. Founder and Principal of James River Capital, Paul Saunders, who’s spent decades working in these industries, knows what it takes to manage employees who are working in a high-pressure environment, and how to spot the signs when they’re in the throes of burnout.
Burnout isn’t something that just happens. Saunders notes that there are signs that point to an employee heading towards burnout, and how to prevent it from spreading to their coworkers. Luckily for supervisors, there’s steps they can take before it’s too late.
One way to spot an employee that is at the point of burning out, is a sense that there aren’t enough hours in the day. Daily tasks that lead to a loss of control are often the result of an office culture that boasts inflexibility. Saunders says that this can lead employees to drop their performance and consider other opportunities. Managers should look at these employees as an opportunity to change how the workday begins, setting reasonable goals. This makes it clear to employees what’s expected of them while also giving them a way to chart out the day.
In order to pull this off, supervisors need to be transparent and embrace a free flow of communication with their staff. For employees who don’t feel like their time is being used constructively are not far from feeling that they’re not valued at all. If an employee isn’t advancing in their career as they expected, it falls to supervisors and managers to expect why they were denied a specific promotion or a raise. This means making sure that employees are given a realistic assessment of their performance, which can help prevent a decline in their work.
Saunders notes that these steps can instill a sense of confidence in employees, but it may not work for everyone. In certain cases it will be necessary to work one-on-one with these employees to set small, personal goals that helps them rebuild that confidence that’s necessary to feel competent again and able to contribute meaningfully to collective goals that accomplish even bigger tasks.
While his background is in investment and finance, Saunders points out that burnout is an issue that’s common in the Western world. Mobile devices have played a role in promoting a culture of overwork. While mobile devices have made it easier for managers and employees to communicate, they’ve also normalized the idea that employees are always on the clock. This makes an employee feel overworked, and from there it’s not far to burnout, and others in the workplace feeling the same way. Learn more: https://investor.com/rias/james-river-capital-corp-133297