Keeping Team Morale Up in the Wake of SVB
The recent collapse and save of Silicon Valley Bank (SVB) has affected many startups and companies small to large, leaving many employees feeling uncertain about the future of their company. How you show up for your team during tough times can make all of the difference in keeping your team motivated. After years of helping teams of all sizes stay connected, Happied is honored to share tips and strategies for boosting team morale in the wake of this challenging news.
Here are four ways to help your team weather this difficult time:
1. Communicate openly and regularly
One of the most important things you can do during times of uncertainty is to communicate openly and regularly with your team. Be transparent about the impact of the SVB collapse on your company, and keep your team updated as new information becomes available. This can help reduce anxiety and uncertainty among your employees and help them feel more secure in their jobs.
2. Focus on team building
Team building activities are a great way to boost team morale and help your employees feel more connected to one another. Whether it's a team lunch, a group outing, or a volunteer activity, taking the time to build relationships among your team members can help create a sense of unity and purpose that can be especially important during difficult times. Happied has a host of virtual and in-person options that don’t break the bank. Wellness events are an especially worthwhile option during these times.
Need something quick and easy? Here are some of our fave games to add on to your stand up meeting:
3. Celebrate small wins
It's important to celebrate even the small wins during difficult times. This can help your team stay focused on the positive and motivated to keep working towards larger goals. Whether it's hitting a sales target or completing a project milestone, take the time to acknowledge and celebrate these achievements with your team.
4. Provide support and resources
During times of uncertainty, it's important to provide your employees with the support and resources they need to succeed. This may include additional training, coaching, or mentoring to help them develop new skills or enhance their existing ones. It may also mean providing additional support for mental health and well-being, such as access to counseling or employee assistance programs.
Remember, your team is your most valuable asset, and by investing in their well-being, you can ensure the long-term success of your company.
