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5 Steps to growing future leaders

5 Steps to Growing Future Leaders

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5 Steps to Growing Future Leaders

As baby boomers retire and thriving companies encounter rapid growth, one issue facing organizations today is the ability to identify new leaders. Leadership is a skill that’s not quickly or easily taught. It requires experience, coaching and formal training.

Unfortunately, the time and financial investment required to build up an organization’s future leaders can become a hurdle for some. But, a strong leadership development plan could expand your organization’s talent pool and set up your future leaders for greater success.

Learn why more employers are rethinking traditional employee training and moving toward e-learning solutions, which are faster, easier to access and more cost effective.

While our organization continues to grow, so too has our demand for strong leadership, which is why we instilled a leadership development program that has further developed our talent pool of up-and-coming leaders. The LEADer program details are unique to our organization’s specific needs and customized to fit our employee’s experience level, while also helping the organization accomplish its goals.

No one knows your business better than you. When you develop your own internal leadership plan, ensure your company’s values are incorporated into the final product. Before you begin crafting an effective leadership development plan, first define what effective leadership looks like in your business. Knowing this, you easily can build a program that’s best for your employees.

Answer these five questions to get started on your own leadership development plan:

  1. What does leadership look like in your company?

Take a good look around at the leaders in your organization. What makes them successful leaders? Avoid the cliché definitions of leadership such as “team player” and “hard worker.” Think beyond the typical traits we associate with leadership and really find what attributes set these people apart. Find out what really drives them to reach the goals they’ve set for themselves and their departments.

  1. What changes do you want to see?

Building a leadership development program for the sake of adding it to your corporate résumé is a wasted effort. While an internal program can be an added recruiting tool, the main goal is to impart leadership skills to your employees, which will enhance their value and improve overall productivity. As a side note, align the changes you wish to see with the current company culture to ensure a positive response.

  1. Who will participate?

Although pinpointing upper level employees to fill leadership gaps makes sense, companies should consider taking a more proactive approach and develop talent across the board.

Paycom’s LEADer program is open to all employees, no matter their tenure or seniority. We encourage everyone in the organization to apply. This strategy helps prepare all employees to fill current and expected skills shortages, in addition to future leadership gaps.

We focus on empowering our employees to lead where they are. Leadership doesn’t come from a position or title. Even if a team member has no desire to enter management, they can still lead themselves, their co-workers and their client to success.

For those with aspirations to enter management, it’s important for us to educate our employees that reaching a certain position in an organization won’t automatically make them a great leader. Good leadership is learned in the trenches, before a title is earned.

  1. What does your program look like?

Once you have answered questions one through three, you can begin planning the actual program, and there are several factors to consider:

  • Should your program be a weekend trip or a weekly workshop? What makes sense for your business and employees’ work schedules? Also consider time, budget and repeatability. Weekend trips can be fun and engaging, but sometimes costly and hard to maintain, so having ongoing weekly workshops can be just as engaging for less money.

 

  • What do you need to get your point across? Maybe it’s guest speakers, written materials, inspirational videos in your learning management system (LMS) or maybe a combination. Whatever it may be, make sure to include these teaching components into your budget planning and scheduling so you have ample amount of time to prepare. If PowerPoint presentations are options, consider creating generic templates that can be reused to save time.

 

  • Sometimes “doing” is more impactful than telling. It is likely that your employees have sat through plenty of workshops and appreciate a new perspective or delivery. Feel free to get creative. Our LEADer program includes outreach activities that provide opportunities for participants to lead a group of volunteers. This real-world experience has a lasting impact on the growth a leader.

 

  1. How effective were you?

After the conclusion of any new process, an evaluation should follow. Survey the participants about their experience for constructive feedback. Keep in mind leadership development is a process, so check in after six months to evaluate the program’s effectiveness.

An internal leadership development program is not the golden ticket, but it is a valuable tool in providing employees with necessary leadership skills. So, as you’re planning your next budget, consider investing in leadership and development. When the time comes to fill critical positions, you’ll have a great talent pool available.

 


Stacey Pezold

by Stacey Pezold


Author Bio: Stacey Pezold serves as Paycom’s first Chief Learning Officer. Having joined the company in 2005, she worked her way up to such positions as Regional Manager, Director of Corporate Training, Executive Vice President of Operations and, most recently, Chief Operating Officer. A graduate of Oklahoma State University, she has more than 11 years of leadership and training experience.

Just 2 Steps to Being More Productive

You Are 2 Steps Away From Being More Productive

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You Are 2 Steps Away From Being More Productive

Productivity often is touted as the Holy Grail of today’s workforce. Countless books and apps are packed to the brim with tips promising to make you more efficient, while today’s managers scour for — and promote — candidates with past episodes of grand productivity.

You would think that with such pushes, a steady increase in individual and workplace productivity would exist. You would be wrong.

The Myth of Productivity

In a recent Bureau of Labor Statistics report, the productivity change between 2007 and 2016 in the nonfarm U.S. business sector increased 1.1 percent, an all-time low since the 1940s. Scholars give a myriad of reasons for this dip, ranging from a decrease in innovation to repercussions from the Great Recession; however, this stark stat likely makes even the most motivated worker feel defeated

But the thing about leaders is they have something others lack: foresight. Leaders see the bigger picture. They believe that their actions actually matter, and in fact, that those actions can inspire others.

You can’t control the changes that come with working in a knowledge economy, but you can control what you do each day. Below are two proactive ways to incite productivity in your daily life.

  1. Prioritize Time

Think back to a time when you felt like you were crushing it.

Perhaps you were working on a report or managing a team, and you were completely engrossed in your task. Now think through your typical day: Likely, there are moments of productivity … and then you get a text or an email or a meeting request, perhaps all at the same time. Information is everywhere; it clouds our lives. A 2015 Deloitte study noted that in a single day, people exchange more than 100 billion emails, yet only one in seven of those emails could be qualified as extremely important.

Although technology has made space for innovation and ease, it also has been a metaphorical shock to the U.S. workforce’s system. Indeed, many experts who study time management have changed the ubiquitous phrase of “multitasking” to the more apt “rapid toggling” to communicate the futile effort of doing multiple things at once, even when technology promises we can.

Studies have shown that if you want to do deep work that puts you in a state of flow and ahead of your competitors, then you must prioritize uninterrupted, focused time. In fact, a recent article in Harvard Business Review outlined the importance of restorative silence for busy individuals: “Recent studies are showing that taking time for silence restores the nervous system, helps sustain energy and conditions our minds to be more adaptive and responsive to the complex environments in which so many of us now live, work and lead.”

You may ask (while frantically scanning your bursting inbox), “How do I do this?”

Start by identifying a time during your day when your presence isn’t really required. Perhaps you need to attend that recurring weekly meeting only every other week, or maybe you can send an employee in your stead. Assess your daily rituals — maybe that morning stroll around the office where you chat with everyone could happen later in the afternoon so your mornings are free from distraction. Is your office door always open? See what happens if you shut it for 30 minutes. Chances are no one will notice that time you’ve stolen away for yourself, and you’ll have space to focus on what really matters.

  1. Prioritize Values

There is a reason that successful companies put such stock in their values and vision: Clarity makes space for progress. In 2015, General Electric executive took time to verbalize the company’s values, after feeling the business was becoming too complex. Known as “the GE Beliefs,” those values acted as a road map for them to plot out and execute their top priorities.

A Deloitte University Press article noted, “The GE Beliefs play a large role in leadership development and are also used to change how GE recruits, how it manages and leads and how its people are evaluated and developed.”

GE is just one example of many companies putting emphasis on clearly articulating core values in order to spur output. And if successful companies are doing so, why wouldn’t you?

According to Inc. 500 entrepreneur Kevin Daum, “Much like company core values, your personal core values are there to guide behavior and choice.”

How do you craft a list of personal values? Glance over your job description, reassess your passions and future goals, and then put pen to paper. The list of values doesn’t have to be long, but it must be clear. To spur ideas, look at examples from companies like Zappos and Facebook.

Once you have your values nailed down, certain tasks that have been consuming your time likely will lose their urgency. For example, if innovation is part of your purpose, but the last time you researched new advances in your field was six months ago, then it’s time to reassess either your values or how you’re spending your time.

Productivity can be tricky to quantify, but creating a conducive environment is a great place to start. Making crucial space and aligning your daily tasks to your vision are two steps in the right direction.

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Posted in Blog, Featured, Leadership, Talent Management


Author Bio: Oden-Hall is an award-winning public relations, communications and marketing professional with over 20 years experience driving corporate strategy for Fortune 500 companies. Her Oklahoma roots and passion coupled with her global experience and creative flair have helped her drive numerous successful strategic initiatives. She joined the Paycom team as Chief Marketing Officer in April of 2012.

What do Millennials and Today’s CEOs Have In Common?

What Do Millennials and Today’s CEOs Have In Common?

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What Do Millennials and Today’s CEOs Have In Common?

HR industry experts have devoted a lot of time and research into demystifying millennial employees, only to discover that this younger generation has more in common with mature, seasoned employees than once thought.

This is especially true when it comes to the desire for day-one productivity. The C-suite values new hires who can become contributors faster; millennial employees, who were born between 1981 and 2000, crave the opportunity to do just that.

So, the goal they share is desire to be immediately productive – to be a valued contributor as soon as they walk through the front door.

Getting an early start

Growing up when technological advances made instant gratification a way of life, millennials have come to expect it in almost every aspect of their lives, including work. Young employees want to feel purposeful in their jobs, and nothing meets that need quite like getting the chance to work on the first day, instead of filling out form after form and memorizing the alarm code.

One way to get there is by designing an onboarding process that gives new hires the ability to complete onboarding tasks efficiently, either on or before day one. Consider incorporating the following strategies into your plan:

  • “Preboard” new hires.

    Allow them to complete new-hire paperwork and train electronically, via an employee self-service portal. They can get the groundwork done before they even start in order to hit the ground running on their first day.

  • Assign goals and expand training.

    According to Gallup, half of employees don’t understand what’s expected of them at work. To prevent this type of uncertainty from affecting a new hire’s productivity, include training on his or her individual role, and what his or her job looks like when done well.

  • Introduce your culture.

    Understanding what your company values can help new hires feel confident about making smart decisions. Not only can this boost early productivity, but it can help build long-term engagement, too.

Just a few tweaks to the traditional onboarding process can help new hires devote more time and attention to the activities that will help them become a valued contributor sooner than later. And that’s something both your C-suite and millennial new hires will love.

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Posted in Blog, Employee Engagement, Featured, Leadership, Pre-Employment, Talent Management


Author Bio: Oden-Hall is an award-winning public relations, communications and marketing professional with over 20 years experience driving corporate strategy for Fortune 500 companies. Her Oklahoma roots and passion coupled with her global experience and creative flair have helped her drive numerous successful strategic initiatives. She joined the Paycom team as Chief Marketing Officer in April of 2012.

Oregon State Retirement Plan

Oregon Creates Landmark State Retirement Plan

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Oregon Creates Landmark State Retirement Plan

This year, the state of Oregon will launch a landmark, statewide retirement program: OregonSaves. This program requires private employers to automatically enroll employees in retirement accounts. The goal is to benefit almost 1 million Oregonians who currently lack access to employer-sponsored retirement programs.

OregonSaves has been in the works for the last few years and will officially kick off in July 2017 with a volunteer pilot phase. Full program implementation is scheduled to begin in November 2017, starting with employers who have 100 or more employees.

What This Means for Oregon Employers

Employers that do not offer retirement plans are required to inform employees about the program and automatically enroll them. Additionally, they will have to:

  • Provide employee data to the state to allow the state to set up accounts for the employee.
  • Setup payroll deductions for employees participating in OregonSaves.
  • Track employee decisions as to contribution levels or to opt out.

Employers who already provide retirement options do not have to offer OregonSaves. Those employers will complete a simple certification process.

What’s Next?

Oregon is the first state to offer a program of this nature. California and Illinois likely will launch similar programs by 2019. It is important to note, however, that there are currently bills pending in the federal legislature to overturn rules that make it easier for states to create such plans. If these bills pass, state programs could be stalled. Oregon does plan to move forward with its retirement plan regardless of how the legislature acts, so employers should be prepared. Paycom’s Benefits Administration Suite can help employers accurately track the data they will be required to transmit to OregonSaves.

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Posted in Blog, Compliance, Employment Law, Featured

Alyssa Looney

by Alyssa Looney


Author Bio: As a compliance attorney for Paycom, Alyssa Looney monitors laws, rules and regulations to ensure that the Paycom software is up to date, specifically regarding immigration law and state law developments in the Western United States. She holds a JD and an MBA from Pennsylvania State University, as well as a bachelor’s degree from Texas A&M University. Outside of work, Alyssa enjoys cooking, being active, playing with her puppy and exploring Oklahoma City.

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