Building a great team is a cornerstone of any successful organization. For Saumil Ambani, the president of Land Ventures and R3 Capital Partners, the path to creating high-performance teams has been paved with strategic hiring, training programs, and retention strategies. Having worked with diverse teams and managed expansive projects across the financial and investment sectors, Saumil offers practical strategies that foster a productive and engaged workforce.
The Foundation of a Great Team: Hiring
For Saumil, the hiring process begins with clearly understanding the organization’s needs. He believes hiring the right people is not about filling positions but aligning talent with the company’s goals and culture.
- Define the role clearly—a well-defined job description will attract the right candidates and also set clear expectations from the outset. When defining a role, the company should outline the necessary skills, qualifications, experience, and specific responsibilities the candidate will undertake.
- Prioritizing cultural fit—unlike skills that can be taught, cultural fit is innate. In Saumil’s experience, cultural alignment ensures that new hires integrate smoothly into the team and contribute positively to the overall dynamics.
- Utilize behavioral interviews—by asking candidates to provide examples of how they have handled situations in the past, businesses can gain insights into a candidate’s problem-solving abilities, interpersonal skills, and work ethic.
Investing in Your Team: Training
After onboarding the right talent, it is important to equip them with the tools and knowledge needed to excel. Saumil is a strong advocate for continuous learning and development and recognizes that training is an investment in both the individual and the organization.
- Have a comprehensive onboarding process—Saumil believes onboarding should be more than just an introduction to company policies and procedures. It should be an immersive experience that helps new hires understand the company’s mission and their role in the organization.
- Encourage continued learning—a team that is always learning is a team that is constantly growing. Saumil invests in his team’s development to ensure they remain motivated, engaged, and equipped to meet the industry’s evolving demands.
- Mentorship and coaching—by pairing new hires with experienced team members, Saumil believes companies can foster a supportive environment where knowledge is shared and strong relationships are built.
Keeping Your Finest Talent: Retaining
Retaining the finest talent is just as crucial as hiring and training them. Saumil’s approach to retention is centered around creating an environment where employees feel valued, respected, and connected to the organization’s mission.
- Recognition and awards—Saumil notes that people want to feel their contributions matter. Regularly acknowledging employees’ hard work and achievements fosters a positive work environment and reinforces their value to the organization.
- Foster a sense of belonging—entrepreneurs should promote a culture of inclusivity and respect so that every team member feels valued and supported. This way, they are more likely to stay and contribute to their quality of work.
- Provide growth opportunities—career growth is a priority for many employees. Saumil is committed to providing advanced opportunities through promotions, new responsibilities, and cross-departmental projects.
Building and Keeping a High-Performance Team
Building a great team requires more than just hiring skilled professionals; it demands a strategic approach to hiring, training, and retention. Saumil Ambani’s leadership exemplifies how a well-rounded strategy can create a high-performing and loyal team. His approach serves as a blueprint for any organization looking to cultivate a thriving workforce and achieve long-term success.
Published By: Aize Perez
