Leadership Practices for Optimizing Performance and Job Satisfaction in the Financial Industry

Scientific Study from the year 2021 in the subject Leadership and Human Resource Management - Leadership, language: English, abstract: A company is only as successful as its leaders. Becoming a leader is not always easy, but there are ways to lay the foundation. Core values are essential to create a good working atmosphere in the team. There are various aspects of leadership - such as the role of vision and emotion - that need to be considered. Dr. Richard Young wants to raise awareness on various leadership practices for optimizing performance and job satisfaction on knowledge workers. What are best leadership practices for managing employee performance in the financial industry? Which methods affect their job satisfaction? And which management styles permit an organization to increase wоrklоаd without negative impact on the team and its members? To ensure a detailed overview of different management practices and their effects on employees, the author bases his research on qualitative interviews, observation, and document analysis. 200 IT managers and 1000 еmplоyееs in the financial industry were observed and interviewed. The publication is directed to leaders who want to build a healthy and growing company. To achieve this, they have to define leadership principles that articulate and translate the organization's core values into behaviors. The right tools and training will help knowledge workers to distribute the principles in the company.