Isn’t It Romantic?

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It’s not the most romantic topic to discuss for Valentine’s Day, but since close to three out of four American couples say that money is what they fight about most, let’s get to the bottom of the problem so that we can get back to the love.

Our Lips Are Sealed

No one talks about money. Do you know what your coworkers’ salaries are? Trends indicate that 2022 will be the year to normalize pay transparency. If you can get comfortable talking with your team about money, then it will be easier to discuss with your partner too. Fights about money aren’t really about the money. They are about how we feel about the money. We bring all kinds of beliefs about it to our relationships including what society taught us about it, how our family used it, and our past experiences with it. For example, if you’d rather save money than spend it, then the pain center in your brain activates when your partner makes a purchase that you consider expensive. You may feel like you work hard to earn your paycheck and it’s bad enough that taxes, insurance premiums, retirement savings, etc., come out of it before you even see a penny and now your partner is spending what’s left on whatever they want. The spender got joy out of the purchase, but is now frustrated by your judgement of their decision. Both of you are making up negative narratives about one another in your heads because neither one of you feels good talking about what just happened. Now MY head hurts.

Start Me Up

Talk about money. When you decide to share your partner’s financial responsibilities, you both have to be self-aware enough to know what your values, triggers, and goals are. Then you both have to be brave enough to calmly communicate them to your partner on a regular basis. The two of you are in this financial situation together and need to maintain a team mindset. Keep your first conversation basic. Talk about a budget. For example, at least discuss what you have to spend (bills), what you have to save (emergency fund), and what you want to spend (leisure). If the word budget has a negative connotation for either you, or your partner, or both, then rename it. Call it Spending Plan, or Our Money Goals, or whatever label reminds you both that this agreement is a tool to help you build your future together. Ahhh…now we’re back to the love.

Let’s Dance

I oversimplified the solution, and simple doesn’t mean easy. Achieving financial compatibility can be more complicated than learning the Viennese Waltz. I boiled it down to give you a launch pad. The very act of starting the money conversation will give both of you peace of mind. You can’t put a price tag on that.

Why do you think talking openly about money is taboo in our society? Please share in the comments.

You Can Talk To Me

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You communicate so much you forget how complicated it is. The procedure is basic: receive information, process it, and respond. But the circumstances can be tricky. For example, communication can require:

  • A quick response (an emergency phone call)
  • Emotional control (face-to-face with an angry customer)
  • Tact (requesting clarification from your manager in reply to the vague instructions in their email)
  • Creating a secure environment (asking your teammates to turn their cameras on during the videoconference)
  • Warmth (posting on the company’s social media platforms) 

You’re surrounded by obligations to communicate with managers, direct reports, teammates, departments, networking colleagues, customers, etc. You have to adapt your technique for each interaction, but common to all forms of workplace communication are: receiving, transmitting, and non-verbal.

Receiving

It’s counterintuitive, but good oral communication does not begin with speaking. It begins with active listening. During conversation when someone is speaking:

  • Give them your full attention by eliminating distractions (put your phone away)
  • Do not interrupt (listen to learn; not to respond)
  • Summarize what you heard and repeat it back (this prompts them to reciprocate when it’s your turn to speak)
  • Ask clarifying questions (“Would you please say more about why that metric is relevant?”)
  • Mirror their body language (but only if it is open. If it’s closed, (crossed arms and legs, furrowed brow) then open your body language and try to get them to mirror you) 

Transmitting

Speaking – To successfully convey your message slow down your rate of speech, enunciate, and use as few words as possible. Avoid making your statements sound like questions. (Do: “Edit the third paragraph, please.” Don’t: “This needs edited, okay?”) Workplace communication is about collaborating, problem-solving, and receiving and delivering feedback. You are most effective when your words are positive and empathic. For example, “I know that you had a setback with our new client and I know you can also set things right with them.”

Writing – Most of your writing is probably email. Setting a pleasant tone (“I hope you had a good weekend”), composing a clear, concise message (“Our status update meeting is this Friday morning”), and closing with a clear call to action (“Please send me your report by COB Thursday”) are crucial to getting your desired result. People don’t actually read emails. They scan them. The more filler words your message contains, the more likely it is to be misinterpreted.

Nonverbal

When you consider nonverbal communication you probably think about tone of voice, eye contact, and hand gestures. But it can also be:

  • Work ethic (doing your job to the best of your ability)
  • Flexibility (you’re willing to occasionally adjust your schedule to meet a deadline)
  • Adaptability (you not only complete your own project but also pitch in and help where it’s needed)
  • Clothing and accessories (novel jewelry is a conversation starter)

Learning to communicate well is like learning to play a musical instrument or a sport. The more you practice, the better you get. What are you currently doing to improve your communication skills at work? Please share in the comments.

Off-balance

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COVID-19 and its variants have allowed us to blur our boundaries between work and not work for the last 21 months. For whole industries The Great Resignation is fueled by the results. As 2022 approaches, society contemplates the future of work and how to make it sustainable for both employers and workforce. In the meantime, what if you tried integrating your job with your life instead of striving for work-life balance?

Isn’t Work a Part of Your Life?

Why are the two entities compartmentalized and put on a scale? When you assimilate what you do for a living into the rest of your life, it’s easier to bring your whole self to both. For example, if you work for a small business, maybe you have to handle accounting as well as on-boarding new hires. When you apply those pivoting skills to work and not-work responsibilities, you create flexible solutions for both. You may have to pioneer these types of innovations at your company. People are creatures of habit. How likely is it that your manager will offer to meet with you to brainstorm ways you can do your job outside of the office? Since you know how best to accomplish your projects, you have to demonstrate how your plan works best. For example, make sure your manager knows you are creating win-win situations for all the parties involved. Wasn’t the client impressed with your dedication to their account when you joined the videoconference from your car during your child’s basketball practice? You also have to monitor your boundaries. Remember that a task you do for your employer is work whether you are doing it in the office at 9:00AM or at your kitchen counter at 9:00PM. Communication (with management, teammates, clients), prioritizing (urgent vs. important), and organization (empowering others to help both at home and work) are key elements for successful work-life integration.

Declare Your Boundaries

To gain some control, try block scheduling. It may help you with the logistics of integration. These blocks can be however long you want. Maybe start with thirty minute blocks and increase up to an hour if you can manage it before taking a break and moving on to the next one. Obvious blocks can be your current work projects broken down into tasks and family medical appointments, but remember to schedule not-so-obvious blocks for exercise, self-care, and leisure. This also helps you see what activities you value and how much time you really need for them.

Change is Hard

Our relationship to work is changing. Employees have more leverage than ever right now. Workforce is waiting to see how governments will respond to the call for reformation of childcare, living wages, and paid time off policies. Employees are shaking up the business community with their insistence on flexibility like shorter work days/weeks, and hybrid work models. While we navigate this transition, do what you need to do to take care of yourself, especially your mental health. You can both do your best for your employer and yourself.

How did you integrate what you do for a living into your life in 2021? Please share in the comments.

Filling in the Gaps

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I love to see people thriving in second act careers. There are plenty of reasons for someone to work beyond the age that the Social Security Administration dictates: The novelty of retirement has worn off. Your children have grown and flown. You served twenty years in the military. You can’t afford to retire. Traditionally, the older you got the less opportunity knocked. Enter COVID-19 ushering in the Great Resignation. Companies are now forced to get creative in hiring. If you are an elder job hunter (a forty-year-old employee is considered old in America, btw) now is the time to act. One way to differentiate yourself from other candidates is to offer your services as a mentern.

What’s a Mentern?

A mentern is an employee who simultaneously teaches and learns, combining the characteristics of a mentor and an intern. Usually over 50 years old with about 25 years of experience in the workforce, a mentern wants to teach skills, like emotional intelligence, while learning skills, like digital intelligence. For more information, the book Wisdom @ Work by Chip Conley is the story of the birth of a mentern, and the movie The Intern is an example of the concept in action.

Why Would Companies Want Them?

Technology disrupts every industry. It is a huge fault in logic to assume that digital natives (Millenials and Gen Z) have an indisputable advantage over their elders (Boomers and Gen X) when it comes to IT skills. Technology changes at a speed that can give you whiplash. New software comes online every day. Every employee has to learn, use, unlearn, rinse, and repeat with each upgrade. Menterns have years of experience refining and iterating processes based on experimentation and feedback. This knowledge can be transferred to a digital native open to learning from other people’s wisdom. When digital natives are promoted to managers, they are habitually promoted for their technical skills and not their people skills. They are left to fend for themselves to figure out how to coach a team. A mentern has years of practice communicating, problem-solving, collaborating, and leading. Pairing a mentern with a digital native can fill in the gaps of both. This is how sustainable companies are built.

How Do You Become One?

If you are a good leader, you already have an inclination to both learn and serve. If you are also humble and curious, then you have the makings of a successful mentern. Your goal is to share your wisdom, experience, and network with a coworker two generations younger than you while also listening and learning how to use the tools you need to successfully navigate emerging business processes. It’s work to reconcile these two seemingly contradictory skills, but the ability to do so is the secret to a successful menternship. As with most skills it becomes easier with practice.

Elders and digital natives both want the same things: opportunity, income, and flexibility. If each generation starts on their side of the gap and then starts building a bridge to cross it, imagine the resulting exponential growth in productivity. Interested in becoming a mentern? Here’s a website you should check out.

How would your company benefit from menterns? Please share your experience with the concept in the comments.

It Can Be Tricky

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The approaching holiday has you all up in your thankful feels, but you’re worried about inadvertently offending instead of appreciating. When it comes to acknowledging your managers, remote teammates, clients, coworkers, volunteers, board members, mentors (Wow. You have a ginormous sphere of influence.), if you express your gratitude sincerely, specifically, and sensitively, then it has the best chance of being received well. Here are some examples of what not to do followed by a better way.

Sincere

DON’T: You stop at your teammate’s cubicle and see they are out to lunch. You leave a blank envelope containing a five-dollar gift card to their favorite local coffeehouse on their desk, then you go out to lunch. Your teammate returns and finds the random gift. Instead of feeling appreciated, they are creeped out.

DO: Wait for an opportunity to see them in person so you can look them in the eye and tell them why you’re giving them this gift. How did their recent action positively affect you? Simply saying, “I appreciate you having my back in the report-out meeting last month. Please have a cup of coffee on me at your convenience.” Will not only prevent them from being creeped out, it should also ensure their future support.

Specific

DON’T: You just gave your direct report a glowing performance review. At the end of the meeting, you say, “Great job last year. Keep it up. Have a good rest of your day,” then leave the video conference.

DO: You have to go through the standard on-a-scale-of-one-to-five form for HR, but if you want to retain this employee, you also need to draw a little deeper from the appreciation well. There are probably several instances when they made your life easier last year. Choose one and expound on it. For example, “Thank you for putting the Powerpoint presentation together last July for the contract renewal meeting. It took a lot of time to shepherd all the departments involved, fact check the slides, and incorporate everyone’s notes. Would you please write a report with your suggestions on how we can improve that process?” Not only does that express your gratitude for their mad follow-up skills, it also validates their work, lets them know they have a future with the organization, and encourages them to take on more responsibility. 

Sensitive

DON’T: Once a year you give an award to the individual contributor that received the most positive feedback for customer service. This year’s recipient is known throughout the organization as an extreme introvert. You present the award to them in front of the whole company and their plus ones at the annual holiday lunch. Instead of feeling honored, they are embarrassed.

DO: Is it necessary to announce the award winner at the holiday lunch? If so, don’t force the extreme introvert to walk up in from of everyone to accept it. An award of appreciation should be thoughtful, creative, and personal. An announcement in the company newsletter and a handwritten note thanking them for the good care they took of your customers last year is more appropriate for an extreme introvert.

Thirty percent of employees quit their jobs due to lack of appreciation. Maybe your New Year’s resolution could be finding one thing to sincerely appreciate about one person every day. A daily gratitude habit can be contagious. You could revolutionize your workplace.

How often do you intentionally thank those around you? Please share in the comments.

Help Me Help You

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You don’t get a raise because you need the extra money. You get a raise because you’ve made a positive impact on the bottom line and the company anticipates you’ll contribute in the future. If you executed duties above your job description, brought in revenue, and/or saved the company money, then you deserve a raise.

It’s Work

If you don’t have a “Brag File” yet, start one. Right. Now. Populate a new folder on your desktop with complimentary emails from both clients and coworkers, the link to your recommendations page on LinkedIn, awards, and any other evidence of the great job you did over the past 365 days. With this research, write a report quantifying your value to the company using explicit data to empower your case. For example, “I saved the company $19,800 in training expenses through my network connections and research.” Practice talking about how what you’re currently working on will benefit the company in the near future. Check out websites like salary.com to find out what others with your job title make. All these things pulled together enable you to enter the meeting knowing your worth.

It’s Scary

Your goal is to make you, your manager, and your company successful. You  did your due diligence and have every reason to be optimistic, but it’s natural to feel nervous. Set a positive tone when you walk into the room. After greetings and small talk, use your curiosity to dive into your agenda. Ask your manager what their priority is right now. Follow up their answer with what you did this past year to help them get closer to their goal by pulling that report from your Brag File. Thank them for their insight. Tell them you’ll use it to further refine your process to assist them in achieving their priority. Of course, that means you will take on more responsibility and you anticipate that more compensation accompanies that effort. Say that with a poker face. Take the emotion out of the conversation. Report what you did to further the company’s success last year, demonstrate how you intend to keep doing it next year, and put a dollar amount on what the company should invest in your time, energy, and attention. It’s more scary to not get the raise you could’ve received if you’d simply asked for it.

It’s Worth It

Seventy percent of employees who ask for a raise get one. You may be told no even though you performed your job above and beyond its description. COVID-19 decimated our economy and your employer may not have the funds to give you a pay increase right now. Ask if the company is open to other forms of compensation (e.g., flexible schedule). If your requests are rejected, schedule a meeting for six months from now to revisit the possibility. Ask what KPIs your manager would like to see you hit in the interim. Keep your manager updated on your progress either through scheduled 1:1s or an end-of-week emailed report showing that your work is aligned with both your manager’s and the company’s goals.

If the compensation conversation intimidates you, reframe your fear as excitement. You’re anxious to share the good news of how you’ve improved both yourself and the company during the past year. If your enthusiasm is welcomed by your manager, then that’s a good sign you have a future with the company. If it isn’t, well, that tells you something too.

What do you do to build up your confidence to ask for a raise? Please share in the comments.

Purposeful Procrastination

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Here in the Digital Age where business moves at the speed of data traveling through fiber, if I’m not productive every minute I’m at work, I fear that I’m being lazy. Since emails are tasks someone wants us to do and they arrive 24/7/365, it seems I’m not the only one with boundary issues. In terms of time management, we put off completing a task because we have other tasks that are either more urgent or more important. Or, we put it off because we don’t want to do it. But what if we use procrastination as a tool to preserve our boundaries?

If/Then

  • If we restrain ourselves from replying all to a group email asking for volunteers to organize the office holiday party, then are we lazy or are we allowing someone else to step into leadership?
  • If we proofread the slide deck for tomorrow’s weekly team meeting because the team member assigned to do so hasn’t done it yet, then are we being helpful or are we doing their job for them?
  • If we accomplish a last-minute errand for a co-worker, do we then set ourselves up for accomplishing more last-minute tasks for this co-worker in the future? 

This is Not the Admin You’re Looking For

For example, sixty-three minutes before my team was scheduled for a video conference with a client, the account manager emailed me saying that the client needed to reschedule. He tasked me with:

  • Notifying the other team members that the meeting was postponed
  • Checking their availability for the new meeting time the client proposed
  • Rescheduling the meeting on our video conferencing platform
  • Updating the meeting calendar invitation

When this task arrived in my inbox, I was preparing for a different video conference huddle that was only fifteen minutes away. I had time to send a quick group email, but I chose to ignore the account manager’s request and prepare for my imminent meeting.

Sixty-eight minutes later, the emails from my teammates flew, reply-all style. The account manager ended up completing all the tasks he attempted to assign to me.

Confession: I intentionally procrastinated.

Sorry (Not Sorry)

It was hard to restrain myself. I felt bad for not preventing my teammates’ confusion and for using them to force the account manager to do his own administration. But apparently, I did not feel bad enough to go ahead and do the account manager’s administration. I prioritized my boundary above everyone else’s convenience. 

Proceed With Caution

Having said (and done) that, please remember that we should exercise good judgement when evaluating such situations. Using restraint to enforce boundaries can look like procrastination and can be detrimental to our brand. We need to examine who may be impacted and how negatively before we intentionally delay action. In the above example, three people were inconvenienced for a relatively short period of time and my brand was positively impacted because I’m not the team’s administrator. I used the passage of time to help me hold that boundary. Hours after the incident, I replied to the account manager’s original email. I suggested that it’s probably not a best practice to rely on me to complete last-minute tasks as evidenced by this incident. I have not received another last-minute task from him since. 

Have you ever intentionally put off work? Why? Please share in the comments.

The Talk

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It’s time for “the talk.” Not THAT talk; you need to talk to your family about retirement savings-both theirs and yours. Yes, the economy is suffering right now and it’s tempting to push pause on long-term savings, but the future keeps coming and everyone from Baby Boomers to Gen Z should continue to plan for it.

Don’t Count on It

Do not make the mistake of counting on the United States government to fully fund your golden years. Social Security is intended for use as an emergency resource, not your main source of income after you leave the workforce. Plus, by 2034, projections reveal that the Social Security Administration will be paying out more benefits than they are taking in through payroll taxes because there will be more retirees than employees. If Congress steps in then it probably won’t run out. But if you want to live the rest of your life comfortably, then you should fund your own retirement.

It’s Not About the Money

When talking to your family about future finances, you’re not really discussing money. Whether it’s your adult children who want you to carry them on your insurance or your parents who want you to be the executor of their wills, money is just a representative. What you’re really talking about is both expectations and emotions. Whether fear, resentment, kindness or generosity, feelings are attached to financial conversations. These discussions are not one-and-done. For example, when your parents began telling you about the birds and the bees, it wasn’t just one talk, was it? When our daughter was three years old she asked me where babies came from. I told her Cleveland. That satisfied her for two years. As she grew older, her questions grew more specific. It’s the same for the money talk. As everyone in your circle of care ages, the questions you ask them should become more specific. For example, when speaking with:

  • Gen Z – Do you have an emergency fund with at least $1000 saved? If not, they should think about automating their savings. Here is how to create a plan
  • Millennial – Are you aggressively paying off debt? Here are some pros and cons
  • Gen X – Are you taking advantage of catch-up retirement savings? Here is how they work
  • Baby Boomer – Have you thought about where you want your assets to go after you’re gone? Here is what they need to know if they live in the great state of Ohio

Awkward

How you manage your money is a very personal choice. When it has the potential to impact, either positively or negatively, the people you care about, you must talk to them about it no matter how awkward it feels. Opening up a dialogue before a financial emergency happens allows you to remain calm when the crisis hits. It may even prevent the crisis. The result of uncomfortable money conversations with your loved ones is it becomes more comfortable the more you do it. The result is peace of mind, and you can’t put a price tag on that. 

What stops you from talking to your people about their and your future finances? Please share in the comments.

My Way or the Highway

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I keep stumbling over the word agency because it’s a contributing factor to The Great Resignation. It’s trending in the context of one of its lesser meanings (check out #9). As I struggled to visualize it, I received an unexpected email of encouragement from my manager. In reassuring me that I am achieving our goals, his email helped me label how I achieve them. It also woke me to the fact that not everyone has this freedom in their work. Employers had to give up a certain amount of control over their workforces at the height of COVID-19 when they weren’t allowed to have employees work under their watchful eyes. An employer who has issues with employees working remotely is not a logistics problem, it’s a trust problem.

Control

If it’s not enough to complete the task correctly and on time, but it also has to be done the way the manager prefers, then you have a lack of agency. For example: toward the end of her life, our grandmother was not physically strong enough to wash the windows on her house herself. During a visit, my husband offered to do it. She immediately pointed out what equipment to pull from where, gave him a recipe for the cleaner, dictated while he mixed it, and window by window instructed him on how to clean them. Kudos to him for his patience. There were 13 windows on that house. It was a long afternoon. Haven’t we all had a micromanager? Or one who insisted we be available to them 24/7/365 like Miranda Priestly in The Devil Wears Prada? If this is your current situation, can you set boundaries on when you’re available to your manager? Can you transfer to another department that allows you more freedom? Is having agency important enough to you to find a different job? Whatever you decide, take time to think about how you got into this situation. Are you habitually involved with people (managers, people you date, etc.) who want to control you? If you determine that you’re the common denominator in these relationship equations, talk about them with a trusted friend, therapist, or coach to help you identify red flags in both your behavior and your manager’s. Otherwise, the lack of agency is likely to follow you to your next role.

Trust

Your lack of agency means your manager doesn’t entirely trust you. Some things to consider:

  • Have you done something to lose their trust?
  • Are they micromanaging everyone, or just you?
  • Is your relationship strong enough that you can ask them what they are afraid of?
  • Is there a way you can reduce their insecurities?
  • If you do what you’re told the way you’re told to do it every single time, there’s no learning. Would your manager let you experiment, fail, then learn from the result? For example: Can you do a project how, where, and when you want to, successfully complete it, deliver a report of the results to your manager, then ask for this process to become your standard operating procedure?
  • Have you had success on your own initiative that you can remind them of to prove your credibility?
  • Would more communication (e.g., weekly status reports) on projects give them more confidence in you?

You train people how to treat you. You cannot change other people’s behavior, you can only change what behavior you will accept from them. If you can’t achieve the autonomy you need at your current position, then your decision is whether to stay or go.

What do you do when you experience a lack of agency at work? Please share in the comments.

The Tide is High

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You kept your business solvent during the pandemic. Now vaccines are available and buildings are reopening. Both you and your workforce are deciding where to go from here. Pivots like switching the product you manufacture (e.g., making hand sanitizer instead of bourbon) or shifting your employees to working from home has not only burned everyone out, but also revealed work-life integration paradigm shifts. You need to both retain your current workforce and attract new employees, but how? This week, let’s focus on keeping the folks you have.

Pivot Again

You regularly adapt your business to market conditions. This shift in the balance of power is a condition more abrupt than most, but it offers you a gift. It forces you to look at your mission, vision, values, policies, and procedures and sift them through the filter of The Platinum Rule. For example, employees hear the siren call of flexibility and autonomy in their jobs. Are your company’s paid time off policies amenable to employees with caregiving duties to young children, aging parents, chronically ill partners, etc.? If not, then it behooves you to reevaluate those policies. If your employees are being washed away by the Talent Tsunami, then you need to take a long, hard look at your company’s culture, protocols, and development paths. If your workforce was happy before the pandemic, then they would not be so tempted to leave now. You will be wise to shift your mindset to focus more on taking care of your employees and repeatedly communicating that commitment. People want to work in an environment where they feel valued. If your company has a vision the workforce can believe in, you coach them to share it, and demonstrate how their jobs are integral to realizing it, then employees get invested in meeting the company’s goals and want to stick around.

Engagement Brings Retention

The inconvenient truth is it’s cheaper to keep an employee than to hire a new one. If you don’t know what your employees need to achieve work-life integration, or to feel appreciated, now is the time to ask and actively listen to their answers. Individual contributors who feel they belong and have purpose are less likely to burn out. How do you know if your employees are burned out? Ask them. Company-wide email surveys are easy to create, send, and compile results. You can ask questions like: How do you think the company handled pivoting during COVID-19? How many days a week do you want to WFH? If the company reimburses you for upskilling, will you agree to work for us for a year? The answers will give you data that will not only help you to assess the risk of employees leaving, but also reveal what you can do to keep the good ones.

“Bye” the Way

Unless employees signed a contract saying they’d do one, they are not obligated to give exit interviews. A smart employee will not grant one if they don’t have anything nice to say. An exit interview is more of a benefit to you than to them. It’s an exiting employee’s gift of feedback to you. If the resigning employee grants one, stick to questions that will help you retain other employees. For example: What could the company have done to make it easier for your team to communicate with each other?

What are you doing to encourage your employees to join you in making your business succeed? Please share in the comments.