Have you ever wondered how successful you are as a leader? It can get difficult to judge yourself because your self-serving bias is bound to distort your perception of your own successes and failures. Most people judge their leadership skills based on their contributions towards the company's progress. But that is not always an accurate measure of an individual's leadership skills.
Every organization should establish a few metrics to help their leaders define and measure what success looks like for them. But till that happens, here are five measures every leader can use to gauge their success:
Do your team members engage and interact with one another or do they work in isolation? Employees who work together are much more productive that those who stay aloof and work by themselves. If your team members are disengaged and have constant ego clashes, you need to re-evaluate how much you're accomplishing as a team leader. A toxic manager cares only about profits. He/she isn't concerned about his/her employees because of which the turnover rate in the team is very high. A good leader measures the engagement of their team on a regular basis.
A good leader understands the potential of each of his/her team members and hones their skills and abilities to help them achieve the goals they set for themselves. These goals are a healthy combination of professional as well as personal goals. A good leader should track the progress of each individual on their team. If people stay where they are on the talent map, it shows poor leadership.
How often do you sit with your employees and show them how to do something? A good leader always finds time to impart knowledge to team members. He/she isn't skeptical that they will become better and move ahead. In fact, he/she encourages the team to put their best foot forward, and suggests their names for important promotions. A good measure of your leadership success is calculating how many people have achieved big things under your leadership.
Do you indulge in favouritism or are you just and fair? Do you choose your close friends when it comes to assigning important projects? A good leader strives to see all his/her team members grow, and isn't partial on any count. He/she adheres to a balanced standard of justice without taking into consideration his/her own feelings and inclinations.
A good leader is respected by his/her team members. They look up to and follow him/her not because they are scared, but because they believe in the leader’s cause. If your team members don't care about your feedback or what you have to say, you have failed as a leader. A successful leader makes their employees feel appreciated and treats them with respect.
If your team increases your company's profits but has a high burnout rate, you need to re-evaluate your leadership. Gauge your leadership success by assessing the above-mentioned five metrics carefully.