Working as a manager involves overseeing and leading others in an organization. For many, the idea of working as a manager comes with appealing benefits. Understanding some of the benefits of being a manager can help you determine whether you want to pursue this career path. In this article, we discuss the most compelling benefits of choosing a managerial position for your career.
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Nine benefits of choosing a managerial career
Working in a management position can bring new challenges to your professional life. This role can also offer various benefits, such as:
1. Higher pay
One of the key benefits of becoming a manager is earning more than nonmanagerial employees, as management team members typically have higher salaries. Some companies offer additional benefits to managers, such as additional paid time off and bonuses.
According to Indeed Salaries, a retail sales associate earns an average of $12.80 per hour, while a retail manager earns an average of $47,555 per year.
2. More influence on company culture
Many managers enjoy influencing the way their organization runs and operates, such as through shaping and improving the company culture. Understanding the importance of culture can help organizational leaders retain top talent and promote a more supportive and appealing workplace for employees.
When considering the current culture and how it could improve, think about some of your favorite previous employers and what made those particularly appealing.
3. Opportunity to make personnel decisions
Most managers are responsible for making personnel decisions. Although some may see this as a challenge, others view this opportunity as a way to build a strong, cohesive, and collaborative team. As an employee, you don’t have much control over your co-workers and what they contribute to the team. However, as a manager, you can decide who to hire and determine what attributes are most important to building a better, stronger team.
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4. Personal growth and development
Managers have to interact with their subordinates differently than co-workers interact with one another, so you can develop different communication skills, including the ability to listen and respond to employee needs.
As a member of the leadership team, you’ll also need to demonstrate leadership skills to inspire and motivate your team to achieve their goals. Strong managers continue to develop and grow throughout their careers. Look for classes to take or conferences to attend to build your skills and continue on your path toward improvement.
5. Help employees develop and improve
Working as a manager offers the opportunity to support your subordinates in their career goals and progression. You can use the skills you have gained through your continuing education and development to identify top-performing employees and encourage them to develop their own skills to qualify for higher-level positions. A good manager can also identify employees who need improvement and create motivating and supportive plans for growth and success.
6. Identify your leadership style
When you step into a management role, you have the opportunity to identify what style of leadership suits you, as well as what leadership style benefits those you lead. Some of the factors that may impact your personal style of leadership include your personality, the personalities of the team members and the goals and expectations of the organization for which you work.
If you’re not sure what leadership style best suits you, compare main styles and determine which feels the most natural when leading your team.
7. Create team autonomy
A strong manager can create a culture that allows employees to initiate and maintain autonomy or independent responsibility for their work.
Building an autonomous work environment encourages respect, trust, accountability, and integrity which also promotes overall team productivity. This benefit can help you create a stronger and more collaborative environment while encouraging and empowering members of the team.
8. Create a better work environment
As a manager, you have the opportunity to create a strong work environment to empower and motivate employees. In order to build an environment where team members can thrive, it’s important to establish guidelines and allow for open communication. Set expectations at the beginning, so that you can clearly outline the environment and expectations.
9. Career advancement
The opportunity to advance in your professional career is an appealing benefit of taking on a management role, providing more responsibility, control, and often, a better salary.
Often, to promote internal career advancement, organizations will offer formal professional development programs—or pay for external educational programs—to encourage training, skill advancement, and growth.
I hope you find this article helpful.
