In: Accounting
The importance of delegation:
The term delegation refers to the process where managers and supervisors assign some of their authority to subordinates for the completion of jobs. In this process, managers transfer full responsibility for the tasks to the subordinates along with full authority over the resources necessary for the completion of jobs. One of the reasons for the delegation of work is that it improves the efficiency and decreases the stress. When the workload on managers is reduced, they are able to focus on solving larger issues critical in achieving organizational goals and also further develop their skills and abilities. The other important reason for the delegation of work is to develop the future leaders in the organizations. Managers can help their team members in developing new skill sets and abilities by mentoring them and delegating jobs. Delegation is an important leadership skill that empowers team members in becoming experts. Delegation makes the communication easier because it reduces the distance between managers and subordinates. Delegation helps subordinates in making good decisions when they feel empowered and important. Finally, delegation also helps in decreasing the delays in achieving the tasks and therefore save one of the most valuable resource called time.