When considering a career in venture capital, some may second-guess the field entirely because of how demanding the work can be. For many this is going to mean considering burnout as an inevitability. But this can be avoided, or at the very least better managed.
Founder and CEO of James River Capital, Paul Saunders knows that there are some telltale signs that a particular role or workload is becoming too much for an employee. And he places the responsibility for mitigating those challenges on the managers. Luckily, there are steps they can take to make sure employees keep their heads above water.
Perhaps the most common factor in burnout is a schedule that doesn’t consider who is working on what. Rigidity in a work schedule, whether accidental or by design, leaves no room to consider individual strengths and mismanages time. Employees will soon feel stuck in their role and forced to commit to a series of events they have no control over.
Saunders suggests giving employees a sense of ownership over how the workday unfolds. Taking a few minutes at the start of the day, managers ought to establish a schedule that outlines goals and time frames that compliments employees rather than hinders them. With a better feeling over how the day ought to go, employees can work in a more relaxed environment and increase their productivity.
Just as serious as bad scheduling is the issue of poor communication. Employees have expectations with respect to their career advancement, increases in their compensation, and privileges and permissions in the workplace. A manager that does not have a good line of communication with their employees may be blindsided when those employees grow frustrated or feel underappreciated in their role, and the whole office will have to deal with drop in productivity when that employee starts considering other options.
As a leader, Saunders notes that communication is the responsibility of managers, to be clear and thorough with every employee for the good of the entire staff. Updating employees with performance reviews and direct communication can go a long way towards keeping an employees expectations and reality in line. Group discussions and activities, and office-wide memos help make sure that everyone knows what is taking place in the company in a timely fashion. Learn more: https://www.bloomberg.com/profiles/companies/1266783D:US-james-river-capital-corp
Employees that are well informed are far more likely to know what’s expected of them, what they can expect from their superiors, and keep everyone working towards the same goal.
Then there are those who are harder to reach. They may become overly critical of their work, and wind up slowing their output or dropping the quality of their work. For these employees, Saunders recommends more personal communication. Managers can set small goals that line up with their career expectations, giving them a series of attainable achievements that rebuilds confidence and restores productivity.
About Paul Saunders:
James River Capital was founded in 1995 by Paul Saunders. He’s remained as Chairman, President, and Chief Executive Officer of his company for over 20 years. In his various leadership roles, he’s been responsible for managing the products and services all James River Capital companies make available to the business and finance industries.