Burnout happens in almost every industry – every day, every year. Paul Saunders, founder of James River Capital, talks about managing employee burnout and how to create a more productive environment. The interesting thing is how Sanders actually defines “burnout” and what research studies show.
A person being overworked or stressed is a potential candidate for burnout. The human anatomy isn’t built to deal with long periods of stress. Over time, individuals start to experience exhaustion; develop feelings of distrust; and sometimes become incompetent. Sanders suggests that this can be curbed if it is noticed quick enough and acted upon.
Since Sanders has acquired the company, he’s noticed signs of burnout among his employees. Noted signs were the shifts in his employee’s attitudes. He also observed employees losing their confidence. Consequently, his employees had totally lost their motivation. One of the more important notes he recalls are employees’ feelings of inadequacy or feeling as if they were not valued by the company.
Although it may seem like a tough hurdle to jump, it can be surmounted. Sanders realized that a change in certain policies and schedules had to be made. By doing this, he would relinquish some of the company’s control and let his employees have some say-so in their schedules and the company’s policies. With this newfound order, employees would not feel trapped and they’d have the opportunity freely express their opinions.
Paul believes in giving employees 10-15 minutes a day to do mapping out of their daily goals. He senses that it gives them more control over their long work-shift. He talks about being transparent with his employees. Employees tend to feel as if they’re left out of the loop when they don’t know everything. It’s exactly the ‘thing’ that causes them to be resentful and negative which leads to burnout.
Saunders constantly drills the management staff about being honest and communicating with employees. Employees should be valued as much as partners. That’s what will contribute to the growth of your business.
James River Capital Corp. was originally founded in 1986. It started out merely being an alternate investment center owned by Kidder, Peabody, & Co. Paul Sanders and Kevin Brandt changed the name in 1995 once they acquired it. James River Capital secures investments with one philosophy. If you add alternative investment exposure to a portfolio that is predominantly traditional investments through a sophisticated multi-manager approach – it will yield better overall risk-adjusted return. Learn more: https://www.cbinsights.com/investor/james-river-capital
The company has achieved the goal of diversifying its clients investments by developing a sophisticated management hiring process. Paul Saunders is not only the founder, but he is also the chairman and Chief Executive Officer of James River Capital Corp. among other affiliated companies.