What are the common mistakes to avoid when building a new management team?

The company,in the financial services sector,is a legacy corporation.New management,with a sprinkling of extant managers,are attempting to reposition this old firm.What are the common mistakes to avoid when building a new management team?
Well the basics of building a successful management team are the same throughout most every industry.



1) You want to hire people who bring qualities to the table and forget about people you get along with. There are different personalities (ie. introvert, extrovert, good with sales, good with math, etc) and you need a combination of all to have an effective team that will learn from each other and be a good mesh over time. Additionally this variety of skills will allow you (or person in charge) to utliize different skill sets with different employees.



2) As a manager/director/supervisor to a group of staff the second thing is to clearly outline goals AND have ongoing feedback with both one to one meetings (I'd say a quick weekly meeting one on one with each employee is fine) and monthly team meetings. Tell the team what excellence is and what priorities are and clearly define how to get there.



3) Keep your door open and be there to support your employees when questions arise or hurdles come up.



4) Learn as a boss of a team to be receptive to feedback that effects your team. Even if it means nothing or little to you if it's important to the team it HAS to be important to you.



5) Set up feedback loops with employees so when you give them a task by default they will give you feedback. As simple as "send me an e-mail when completed" or "If any hurdles in meeting timeline let me know right away"



I won't get into how to run one on one and monthly staff meetings due to space limitations, BUT you should have a clear agenda and the goal of the meeting is to leave each item with an action step and move on to next item. There are plenty of business books on how to run effective meetings and DO NOT try to solve problems at once.



Remember your team is what makes or breaks you and you should be there to support and assist them. You are building them to succeed so you can continue to take future promotions and transition them into growing roles with the company as well.What are the common mistakes to avoid when building a new management team?
Putting a woman in charge.

Letting them wear jeans.

Having meetings in the pub.

national tire and battery

yamaha outboards