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Three ways being generous creates value

Three ways being generous creates value

The basic idea behind generosity is you’re giving something away. Often the word is associated with simply giving your money away to a person in need or a charitable cause and sometimes people think about generosity as being something you can do with your time.

Both are true but the act of generosity goes far beyond the actual giving act. There’s also a return. Here are three ways how being generous creates value:

1. You can increase the skill level of your colleagues helping everyone become more efficient

Think of a task you and your colleagues do at work several times a week. Maybe it’s replying to questions submitted via the company website or editing a large amount of photographs for inclusion in a presentation.

If you’ve figured out a system or discovered a shortcut in the software you use then take a few minutes and offer to share and teach your colleagues to same. “Hey, I saw a YouTube video on automating the image resize function in Photoshop, want me to show you how it’s done? It’s saved me so much time.”

The caveat here is you’ve asked permission to be generous, no one wants a know-it-all showing them how they’re better than you.

2. Buying the next round of coffee will strengthen your team

This no-brainer is actually all brain. Robb Willer, assistant professor of sociology and psychology at UC Berkeley published a study showing even small gifts drives strong feelings of solidarity and identification.

It’s no secret a team that has a strong sense of solidarity will go the extra mile for each other and work harder in order to prevent letting their teammates down.

3. Investing in succession planning will show you’re committed to those you lead

Darwinism teaches us to look out for number 1, but a great leader knows that one day, they won’t be around anymore. Unless they want their legacy to be “everything they worked to build fell apart the day they left,” then succession planning is the only option.

In addition to ensuring legacy you’ll also let those you lead know you care about their development and have faith in them to continue the good works you’ve been doing after you’ve left. Showing commitment goes a long way to reducing the costs associated with turnover and keeps your reports engaged.

Photo by Ed Yourdon

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