As the CEO, you may want to control every aspect of your business and ensure everything is going well. However, as your company grows, having control of every process becomes impossible. Has your company grown? If so, you need to learn how to delegate like a CEO.

First, separate different tasks into specific categories when pursuing delegation in management. Then figure out who can handle which assignment the best. Then, you’ll need to delegate the tasks to the best employees. Now, spend your time focusing on complex and big-picture items.

To learn how to delegate like a CEO, read the guide below. Now, let’s get started!

What Does Delegation in Management Really Mean?

Delegation is a vital part of a manager’s job. However, many supervisors and managers avoid delegating and take on too many tasks themselves. Why do they do so? Many prefer to do some projects themselves. Others don’t like to spend too much time explaining how to complete a task.

Delegation in management involves transferring one person’s tasks to another individual. Essentially, that includes a manager or CEO requiring certain employees to complete specific projects or assignments. 

So, what is the role of the CEO? The CEO is responsible for keeping employees engaged by delegating tasks and providing them with some amount of autonomy. 

A Gallup study found that CEOs with impressive delegation skills produced 33 percent more revenue than CEOs who do not have the same level of delegating talent. Delegating helps CEOs and managers find more time to focus on high-value projects, which allows them to grow their businesses.

Can Anyone Master Delegation?

Any leaders like executives, mid-level managers, or immediate supervisors can all master delegation. For instance, women business owners and female leaders can all succeed by learning how to delegate effectively. The best leaders know where they excel and need help, which is when delegation comes in handy.

If you’re CEO, you will need to assign tasks to others you, as the leader, have weaknesses. As such, you will need to determine the strengths of everyone on your team. Then, it is vital to find the right projects and assign them to each employee to grow their skill set.

A few tips to help anyone master delegation include:

  • Understanding what tasks require oversight and which to delegate
  • Using your employees’ strengths and career goals when delegating
  • Defining the desired results of a project
  • Offering the right amount of authority and resources to employees

How To Delegate Efficiently If You Are a CEO

So, how do you master delegation when you’re the CEO of a company? The CEO’s best practices in delegation first include understanding any possible resistance toward delegation. 

First, it is vital to state company goals and any behaviors impeding that progress. When examining certain behaviors, CEOs should consider what would happen and how they would feel if they did the opposite. What would be the outcome?

Doing so should help CEOs see the benefits of delegation. The best leaders will start to delegate and stick with the goal. To start, try several small, low-risk delegating procedures. Team members should also consider whether they can take on new roles and responsibilities in the workplace. 

To delegate efficiently when you are a CEO, you must pick the right employee for certain tasks. Focus on who can develop vital skills and can take on the challenge. Also, when delegating, provide the following:

  • Clarity on the task at hand.
  • The expectations for the project.
  • The amount of autonomy expected.

Furthermore, you will need to provide the necessary resources for your employees, such as training, a quiet space to work, supplies, or assistance from other workers.

Lastly, CEOs should develop milestones in the project development phases, create a motivating environment for their workers, and tolerate possible mistakes on the part of their employees.

5 Rules of Delegation

If you want to figure out how to improve delegation at your company, you may need to follow the 5 rules of delegation. The 5 rules of delegation include the following:

  1. Define your precise strengths
  2. Perform a task, eliminate, delegate, or automate
  3. Plan out your delegation and provide resources
  4. Assign responsibility and authorize an employee to complete a project
  5. Analyze results and offer constructive feedback to employees

Figure out which areas you have strong skills in and complete any tasks associated with those strengths. Otherwise, make sure to delegate tasks in areas you have a weakness. 

When facing a task, figure out whether you can automate it, eliminate it, or delegate the work to someone else. What will happen if you eliminate it? Does it need completion today? Is this a common daily task that you can automate? Consider these questions when deciding what to do.

Provide the support and resources employees need when you do delegate a task. You also need to stop taking control and give autonomy by providing employees with the authority to complete an assignment.

Lastly, you will need to review the outcome of a project, see whether the goals were met, and provide feedback to team members.

CEO’s Best Practices for 2023

Delegation of authority aligns with the latest best practices CEOs have developed for 2023. When you have worked to scale your business and achieved more revenue through that growth, you will find that greater demands, less time, and fewer resources force you to delegate more tasks.

For true success as a leader and CEO, you must let go of control and become less involved. The best practices for 2023 among CEOs also include the following:

  • Delegating tasks you have weaknesses in
  • Delegating well-functioning processes that you don’t need involvement in
  • Delegating assignments that you need your team to complete in the future

The Final Word

After reading through the guide above, you should now have the right process in mind to delegate like a CEO. Follow the 5 rules of delegation, and you should have no problem growing your business. Soon, your company will make its mark in its industry.  

About the Author, James Webster

James Webster, founder and Executive Chairman of ROK Financial has almost two decades of experience within the financial services industry. His passion for helping small business owners and his innovative way of thinking, has allowed him to run multiple successful businesses including National Business Capital & Services. Under the National name, the team was able to help secure over $1 Billion in financing for small businesses nationwide.