Managers play a crucial role in a company's journey to achieving its long-term goals. They manage resources, human and financial, delegate tasks, set short-term objectives for the team, and ensure the team is productive. Without them, a company would fall back on deadline. There would be no productivity and soon no money to run the business either. Unfortunately, a Gallup poll suggests that businesses often fail to choose the right candidate for the correct managerial positions around 82 percent of the time. Therefore, appointing good managers is essential to ensure a company thrives. While some managerial traits are thought to be innate, there are still several ways people can become better at managing a team of people. So, if you've been promoted to a managerial position or are trying to manage a small group of people in your enterprise, listed below are a few tips that might come in handy. Obtain further education Acquiring more education is a surefire way to hone your managerial skills. It may also be a prerequisite for earning a senior position in some companies. Updating your credentials will allow you to learn about new tactics and strategies to better manage a company’s resources. In today's tech-savvy world, you can easily acquire higher education while still working. Distance learning opportunities, such as this Management MBA online program, enable you to create a flexible learning schedule. You can use this flexibility to upskill and simultaneously apply your newfound knowledge at your workplace. These educational opportunities cater to professionals who hone their managerial expertise and climb the corporate ladder. Know your team It is crucial to know everything you can about your team. The employees on your team have different motivations, skills, weaknesses, and strengths. As an effective manager, you must become familiar with these traits to build trust, foster a better working environment, and enhance employee engagement. Managers who know their team well will probably have better opportunities to create a company culture that promotes their organization's goals and vision in the long run. It is always good to talk to every team member to learn about the previous manager's management approach. This will help you identify shortcomings and understand their expectations from you. Remember to encourage team-building activities. Doing so will help you interact and connect with your team to solve issues peacefully. Learn how to retain your top-performing employees Hundreds of businesses lose their most competent employees to rival businesses each year. Not to mention, the cost of recruiting professionals with exceptional skills is high. So, how will you entice and retain your top-performing employees? You should pay them what they deserve. Offering competitive packages with perks will prevent you from losing your team members to other companies. You can also challenge your team to do better and train them in different business areas. Cross-functional training will ensure employees' professional development, and it will also increase their loyalty to your team and the company. Always admit your mistakes. Of course, like everyone else involved in your organization, you're bound to make mistakes. Admitting your mistakes while working as a manager will allow you to learn from them and become a better leader. You can ask your teammates for suggestions and feedback and correct your mistakes. Moreover, admitting your mistakes will also influence your team to do the same and allow you to show your strength of character. Plus, doing so will let you earn your employee's respect and bring your closer to them, building trust and loyalty in the process. Schedule regular meetings with your team Consistently checking in with your team prevents oversights, helps maintain relationships and makes them more productive. In addition, when managers regularly check in with their workforce, employees remain motivated engaged and perceive constructive feedback in a more meaningful manner. Moreover, doing so also enables you to identify their strengths and weaknesses. That said, it is all about making your meetings more productive and efficient. For instance, you can set a strict time limit to when the session ends. That way, you will keep your discussions to the point. Also, keep conversations short and try to stay focused on important issues. According to a Harvard Business School survey, around 65 percent of managers suggested that meetings distract them from completing their work. So, ensure they are as productive and to the point as possible. Conclusion Managers should know they won't improve overnight. Instead, it will take a lot of continuous learning, effort, and time to improve their managerial expertise. This article mentions a few tips you can use to become a better manager. Consider taking professional courses to learn new traits. Make efforts to get to know your team better. Build a strong team by retaining the best talent. Admit your mistakes to improve yourself as a manager. Last but least, check in with them to ensure they're productive. Further Reading \t A Complete Guide on How and Where to Buy SAT Coins? \t Despite the Slow Economic Recovery, There Are Reasons To Be Optimistic. \t How to Go About Keeping Your Hands Warm in Cold Weather?