If you are a manager or a business owner you are probably always on the look out for new strategies that can accelerate growth for your company and for strategies that can improve employee productivity. Admittedly, it can be hard to decide what strategy will best suit your office culture so there’s no reason you shouldn’t use the oldest strategy in the textbook: competition among employees.
After all, there’s a reason schools all over the world use competition –up to a point – to help their students achieve greatness, because competition helps individuals take bigger risks and become more creative. Of course, that’s not to say that you should make your office a war zone, but according to Reuters millennials, the largest generation in the workforce, are in fact highly competitive, and they yearn to be noticed. So, it’s evident that a bit of competition in the workplace can do wonders for your business.
See Also: How Millennials View Work
Competition is healthy for the workplace because it inspires creativity and innovation. It also promotes growth, and it teaches employees how to be better. However, when left to its own devices, competition can become unhealthy, so it’s important to know how to create a culture of healthy competition.
1. Set the Rules of the Game
It’s essential that you set clear policies of what’s allowed and what’s not allowed regarding competition in your company. Make sure that they all know what is unethical and what is not accepted at work. They should also know to expect severe consequences if they do not abide by the rules.
2. It All Comes Down to Being a Team
I know this might seem counter-intuitive but if you don’t remind your employees of the bigger picture, the team and the goals the team should have as a whole, you risk of making your company a war zone. Remind them that they are all working towards a collective goal and every sub-goal that is achieved brings the team one step closer to the main goal. Celebrate each person’s success and make sure that every victory is treated the same.
3. Keep Score
It’s important to help your employees understand that competition should be fun. They should neither feel threatened nor intimidated by their fellow employees. But like every game, there are rules and there are rewards for those who win.
So make sure that you keep score of what your employees achieve. It’s always a great idea to reward them based on their performance; it could be, for example, that the more successful employees get better end of year bonuses. You should do this to show your appreciation to your employees and motivate those who did not have a great year to achieve greatness the next year.
A competitive office culture can help your business push forward and be a beacon of innovation in the industry.