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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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?

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.