What are the main factors in delegating a task?
Sharing or transferring responsibilities or authority from a superior to a subordinate Show
What is Delegating?In management, delegating refers to sharing or transferring responsibilities, and typically happens from a superior (or an employer) to a subordinate (or an employee). Delegating is a critical skill for supervisors at any level and can be a major challenge for them to learn, due to concerns of giving up control or the lack of confidence in the abilities of others. Delegating is an important trait for those who work in teams, and trust plays a critical role for its success. The Importance of DelegatingDelegation plays an important role in: #1 EfficiencyBy delegating work to others, the individual is transferring work to people whose skills better fit the task(s). For example, it would not make efficient sense to have the CEO do administrative work; it is better done by others. Therefore, it improves the efficiency of the individual delegating the work and lessens their stress. #2 DevelopmentIn a case where the delegation of work is to someone who is not well versed in doing the task, delegating can play a major role in coaching and teaching others. It is one important way to help them build new skills. Benefits of DelegatingDelegation of tasks to others offers the following benefits:
Guidelines for Delegating TasksAlthough delegating tasks boosts efficiency and productivity, and improves time management, it is important to delegate tasks correctly. Here are some things to keep top-of-mind:
The Difficulty in Delegating WorkAlthough there are clear benefits to delegating work, many choose not to do so. In fact, many people feel that it is more efficient for them to just do everything by themselves. There are several reasons as to why an individual may not want to delegate work to others: #1 Delegating does not eliminate accountabilityAlthough you give up the responsibility when you delegate a task, the delegator is ultimately accountable for the success or failure of the task. However, transferring the success to the person who did more of the work is a good strategy for supportive leadership. #2 Delegating results in a loss of controlMany people believe that they can do the job more effectively than others. The sense of loss of control of the task prevents many from passing off work to others. #3 Delegating requires mentorship and timeDelegating requires training on how to do the task. The delegation of work to someone else requires the manager to mentor and ensure that the person completes the task. The delegator may need to spend as much time teaching the other individual how to do the task as to complete the task himself. Delegating is important in any organization. In fact, in a 2013 Stanford University-led survey, 35% of executives indicated that delegation is something that they need to improve on, while 37% said that they are actively trying to improve their delegation skills. Examples of DelegatingEmpowering your EmployeesAtlantic Properties is a real estate company that has recently hired two new interns, Carl and Dave. The manager has recently been swamped with investment opportunities and has not had the time to do other tasks such as writing proposals and talking with key stakeholders. Before joining Atlantic Properties, Carl was a content writer and Dave worked at a call center. The manager decides to play to each intern’s strength and delegates writing proposals to Carl and talking with key stakeholders to Dave. The manager on-boards both interns on how to successfully do the task and gives a detailed guide on how to perform them. Additionally, the manager checks with each intern periodically to make sure that they are doing things correctly. Hiring a Helping HandCarmen recently started a new company in Vancouver that is involved in flipping houses. The company’s business model revolves around owning a house for a short period of time and selling it back on the market with the intention of generating a quick profit. Carmen is the sole founder of the company and she’s been doing everything by herself – marketing, accounting, business strategies, etc. In fact, she’s been overloaded with work to the point where she cannot focus on what she does best – finding bargains in the housing market to flip. To relieve the stress and improve her efficiency, she decides to hire a junior accountant and a marketing manager to delegate work to. By doing so, Carmen is able to focus on what she does best – improve efficiency and reduce stress. Additional ResourcesThank you for reading CFI’s guide to delegation. CFI offers the Financial Modeling & Valuation Analyst (FMVA)™ certification program for those looking to take their careers to the next level. To keep learning and advancing your career, the following resources will be helpful:
What are the three main factors in delegating?There are three elements of delegation, i.e., Responsibility, Authority and Accountability.
What is the main factors that influence delegation?Top 5 Factors Determining Delegation of Authority. Factor # 1. Willingness of Subordinates:. Factor # 2. Manager's Attitude:. Factor # 3. Desire to Dominate:. Factor # 4. Quantum of Work:. Factor # 5. Confidence in Subordinates:. What are 5 good reasons for delegating?Here are the top 5 reasons why you need to delegate more.. It Helps with the Growth and Development of Your Team. ... . It Increases Your Impact and Influence. ... . It Makes You an Attractive Leader to Work For. ... . It Boosts Your Reputation as a Leader. ... . It Frees You Up to Work on Bigger Things.. What are the 5 principles for effective delegation?Principles Of Delegation. the right task.. the right circumstance.. the right person.. the right direction/communication.. the right supervision.. |