By Cathie Ericson
“One of the most important things I realized when I began my career is how crucial it is to strike the right balance of being a team player and being accommodating, but also knowing how and when to push back,” says Goldman Sachs’ Stephanie Ivy Sanford.
“The firm values diversity of opinion, and you have to take calculated risks, whether it’s standing up for yourself or respectfully presenting a different strategy as you strive to make the work product better.”
Cultivating a 20-Year Career at Goldman Sachs
According to Stephanie, she “fell into finance” when her curiosity was piqued by classes she took while pursuing a master’s degree in public policy at Harvard University. She soon discovered that municipal banking might be an interesting path and began her career at what was then Fitch Investors Service through the support of a friend and mentor.
While a wonderful training ground, Stephanie was searching for a new opportunity to propel her career forward and reached out to a fellow Wesleyan alum working at Goldman Sachs. She joined the firm in 1997 and is looking forward to celebrating her 20th anniversary this year.
After two years in Goldman Sachs’ Fixed Income, Currency and Commodities Division, she became curious about other opportunities, and recognized that asset management was both a growing area and a good match for her skill sets and relationship-oriented personality. She joined Goldman Sachs Asset Management (GSAM) in 2000 and eventually assumed a role in a new group created for the middle market, covering west coast institutional clients. In 2006, she transferred from New York to Los Angeles, and currently manages a team of five covering GSAM’s west coast public fund client business, along with some strategic legacy corporate and endowment clients. She was promoted to Managing Director in 2012.
Lest anyone assume that the path is easy, Stephanie is quick to point out that everyone, even the most successful, have bumps along the way. “Starting out with no experience in finance, I couldn’t imagine being promoted to VP let alone MD. But by taking the risk to move out west and live in my client territory, and with the guidance of my mentors in new roles, I have been able to survive and thrive at Goldman Sachs for almost 20 years,” she said.
Currently, Stephanie is focused on signing a “goal” client — one they’ve been in discussions with for some time, and she is excited about the progress they are making. “It’s a very challenging situation we are determined to complete successfully, as it would be incredibly meaningful for GSAM to work with this client.”
Keeping Up in a Changing Industry
Stephanie finds that the industry today is very fee-focused, which ultimately affects her business. “It’s interesting to see where we compete with other managers who are looking at passively managed strategies versus our active management,” she says. “It’s important for us to have a voice and a view in the increasing conversations around alternative investments and equities, since they are affecting how we do business, and the increasing client demand for customization.”
Stephanie adds that she has the privilege of working on several industry boards, which allow her to gain additional insight into stakeholders’ views of trends shaping the sector. In turn, this helps her understand how Goldman Sachs can adapt to address industry changes, ensuring that the firm can best serve clients.
The Role of Advocacy in Women’s Careers
Stephanie has noticed that in general, women are less inclined to raise their hand and ask for an assignment if they don’t feel they are perfectly equipped for every aspect of it. In contrast, men often jump at taking on new responsibilities, even if they are not fully prepared for such a role. Stephanie stresses that women need to speak out in the same manner if they want to be considered for new positions.
She has also learned how important advocacy is in advancing your career; she acknowledges it can be more difficult in a male-dominated industry for women to establish the same type of relationships that men can develop with ease over dinner or on the golf course.
Stephanie recognizes therefore that it’s crucial to keep an open mind about who your mentors or sponsors might be and realize they don’t have to “look like you.” She references one mentor who became a close friend despite political and ethnic differences; their relationship provided insight into how she was perceived at the firm, which ultimately helped her career.
Finally, Stephanie shares one important lesson learned along the way – ask for help when you need it. She believes this is integral to the firm’s culture, and is behavior that is encouraged and rewarded. She recalls one instance where she was given so much responsibility and senior client interaction as an Associate, that she felt overwhelmed, When she finally asked for assistance, her manager said, “We were waiting for you to speak up – we only give you what we think you can handle,” a lesson that has stuck with her.
Seeking and Giving Feedback Are Both Crucial
An integral aspect of your career is requesting feedback and integrating that feedback into your daily processes, advises Stephanie. “This is a quality you find in the people who thrive and are given new opportunities,” she notes, adding that in the workplace, men and women approach feedback differently.
“Men are more prone to give feedback to other men, partially because they may be more worried that you might be offended to receive feedback as a woman or person of color,” said Stephanie. “You have to let them know you value their input. Say, ‘You can hit me on the chin; I want it. I can take it because it makes me better.’” She notes you should then circle back and identify the changes you instituted to reflect their input.
Additionally, Stephanie calls on seasoned professionals to provide feedback to junior people, whether related to their work product or conduct in the workplace. “It’s also not just feedback they directly receive, but junior employees should also realize how nonverbal cues can contribute to the opinions that people form of them.”
She notes that she learned many of these unspoken lessons through the Goldman Sachs Firmwide Women’s and Black Network, which also provided additional opportunities to work with senior women across the firm. Stephanie cites developing a close, personal mentorship relationship with a female partner who later became her boss and helped her strive for bigger roles. “She really helped me understand how the firm works and how each role leads to a new opportunity when you think about your career.”
Stephanie is eager to pay it forward; she was gratified when she was recently asked, as one of the most senior woman in her region, to host Q&A sessions in the firm’s Los Angeles office for junior people.
Family and Philanthropy Fill Her “Off” Hours
Active in a number of philanthropic organizations, Stephanie serves on the board of Kids in Sports, which provides sport activities for underprivileged children; she’s also mentored students from Crenshaw High School; and is a former trustee of her alma mater, Wesleyan University. In addition, Stephanie is a founding member of the National Association of Securities Professionals’ southern California chapter, which serves women and minorities in the industry by providing networking opportunities and ensuring that minority firms receive visibility across the sector. She has also been involved with her church, serving on the hospitality committee and participating in a girls mentoring program.
Finally, she is passionate about spending time, skiing and exploring new places with her husband and 18-month-old daughter.
Idolize Your Boss? Not So Fast.
Career Advice, Career Tip of the Week!How can you learn to manage a relationship with your boss, whether they are good or bad? And, when things do go bad, how can you steer the relationship back to healthy?
When Love Hurts
Annie McKee is a senior fellow at the University of Pennsylvania, director of the PennCLO Executive Doctoral Program and the author of Resonant Leadership. In her work with leaders, she often sees the downside of having a boss who grows their leadership style from the root of having a congenial relationship with their employees. Mckee lists three primary issues that can arise from idolizing or loving your boss.
First, strong emotions tend to cloud our judgment, making it more likely that we will be passive when we should be assertive. Probably, having good judgment is one of the reasons you were hired in the first place—you don’t want to leave it at the door when you go into work each day.
Second, a relationship that is based in ‘liking’ one another can often lead to favoritism. This is never a good scenario; as soon as there is a problem, your boss is likely to distance themselves from you, as their likeability is their top concern. You will soon be replaced by the next easy target.
Finally, blind dedication to a leader can actually be truly dangerous as it leaves you vulnerable to making decisions which can compromise your values.
The bright side of a bad boss
While recent research shows that a boss who is truly abusive—somebody who uses public humiliation and personal attacks to impose fear and blind cooperation—is absolutely bad for your health and will most likely have a negative impact on your family life, it is possible to manage the relationship in a way that will benefit you, your team and the your company.
There is a lot of research supporting the negative impacts—on every aspect of business from the employee’s personal health to the company’s bottom line—of bad bosses, but there is not so much research on the positive impacts. Even so, there are many people whom have found that they have learned as much from challenging bosses as they have from those whom were easier to work with. If you are able to take a step back, you will learn what not to do, become more resilient, and self-reliant. These are stellar qualities that can help you become ready for your next leadership position.
A difficult relationship with your boss could be rooted in a number of different conflict types. They could be plainly harsh in their criticisms, irrational in their decision-making process or you could simply have a personality conflict. Either way, how can you find your way through it to the next phase of your career without damaging your personal brand, or your job performance?
Moving onward and upward
According to the American Psychological Association, the best way to manage a difficult boss begins with understanding the reasons your boss’ chooses to behave the way she does. If it seems that the behavior stems from stress due to work overload, it is likely to change in response to changes in the amount of workload or other factors. But if your boss’ behavior seems to follow a consistently hostile or abusive patter of interacting with co-workers and employees, it is less likely that the behavior will change. In this case, the APA recommends seeking the counsel of a trusted mentor.
Once you have determined the reason for your boss’s behavior, you will want to manage your own negative emotions. You do not want to engage in self-defeating behaviors such as counter-attacking your boss or stonewalling them. Remember your purpose at work, do your job, and remain professional.
Third, communicate your feelings with your boss or another trusted supervisor. It is important to frame your concerns in a positive manner. Perhaps this will bring a change, but some experts say this is unlikely. The administration of the company has already expressed their opinion by promoting the difficult boss in question.
In the meantime, the APA advises to try and separate your personal ego from your business persona. When your supervisor is critical, be rational in your response. Is there something for you to learn from the criticism? If so, use it as an opportunity to work with your boss on a play to address the problem. But if you don’t think it is reasonable or valid criticism, then take solace in that. Their lack of judgment does not have to take over your entire sense of self.
By Rebecca S. Caum
Why Self Promoters Get Promoted
Career Advice, Career Tip of the Week!We have all seen it. The loud person, usually a guy, gets the job. If women are loud, do they get the job? Sometimes yes and sometimes that same approach can backfire as being assertive as a trait seems to have a different impact depending on your gender. We know that there is unconscious or conscious bias around promoting and paying men more for the same job even if women have the same qualifications and experience ( and paid the same money for the same expensive ivy league degree).
But that aside for a second, research shows that self promoters do get promoted more despite everyone deep down knowing that confidence can outweigh actual competence or skill.
How do you feel about self-promoting yourself? Most people do not overly enjoy the thought and go straight to an extreme image. Stop there. Maybe it is easier than you think? Maybe it does not have to be so extreme.
Here are 3 ways to gently self- promote:
Best of Luck!
Voice of Experience: Stephanie Ivy Sanford, Managing Director, Investment Management Division, Goldman Sachs
Black History Month, Voices of Experience“One of the most important things I realized when I began my career is how crucial it is to strike the right balance of being a team player and being accommodating, but also knowing how and when to push back,” says Goldman Sachs’ Stephanie Ivy Sanford.
“The firm values diversity of opinion, and you have to take calculated risks, whether it’s standing up for yourself or respectfully presenting a different strategy as you strive to make the work product better.”
Cultivating a 20-Year Career at Goldman Sachs
According to Stephanie, she “fell into finance” when her curiosity was piqued by classes she took while pursuing a master’s degree in public policy at Harvard University. She soon discovered that municipal banking might be an interesting path and began her career at what was then Fitch Investors Service through the support of a friend and mentor.
While a wonderful training ground, Stephanie was searching for a new opportunity to propel her career forward and reached out to a fellow Wesleyan alum working at Goldman Sachs. She joined the firm in 1997 and is looking forward to celebrating her 20th anniversary this year.
After two years in Goldman Sachs’ Fixed Income, Currency and Commodities Division, she became curious about other opportunities, and recognized that asset management was both a growing area and a good match for her skill sets and relationship-oriented personality. She joined Goldman Sachs Asset Management (GSAM) in 2000 and eventually assumed a role in a new group created for the middle market, covering west coast institutional clients. In 2006, she transferred from New York to Los Angeles, and currently manages a team of five covering GSAM’s west coast public fund client business, along with some strategic legacy corporate and endowment clients. She was promoted to Managing Director in 2012.
Lest anyone assume that the path is easy, Stephanie is quick to point out that everyone, even the most successful, have bumps along the way. “Starting out with no experience in finance, I couldn’t imagine being promoted to VP let alone MD. But by taking the risk to move out west and live in my client territory, and with the guidance of my mentors in new roles, I have been able to survive and thrive at Goldman Sachs for almost 20 years,” she said.
Currently, Stephanie is focused on signing a “goal” client — one they’ve been in discussions with for some time, and she is excited about the progress they are making. “It’s a very challenging situation we are determined to complete successfully, as it would be incredibly meaningful for GSAM to work with this client.”
Keeping Up in a Changing Industry
Stephanie finds that the industry today is very fee-focused, which ultimately affects her business. “It’s interesting to see where we compete with other managers who are looking at passively managed strategies versus our active management,” she says. “It’s important for us to have a voice and a view in the increasing conversations around alternative investments and equities, since they are affecting how we do business, and the increasing client demand for customization.”
Stephanie adds that she has the privilege of working on several industry boards, which allow her to gain additional insight into stakeholders’ views of trends shaping the sector. In turn, this helps her understand how Goldman Sachs can adapt to address industry changes, ensuring that the firm can best serve clients.
The Role of Advocacy in Women’s Careers
Stephanie has noticed that in general, women are less inclined to raise their hand and ask for an assignment if they don’t feel they are perfectly equipped for every aspect of it. In contrast, men often jump at taking on new responsibilities, even if they are not fully prepared for such a role. Stephanie stresses that women need to speak out in the same manner if they want to be considered for new positions.
She has also learned how important advocacy is in advancing your career; she acknowledges it can be more difficult in a male-dominated industry for women to establish the same type of relationships that men can develop with ease over dinner or on the golf course.
Stephanie recognizes therefore that it’s crucial to keep an open mind about who your mentors or sponsors might be and realize they don’t have to “look like you.” She references one mentor who became a close friend despite political and ethnic differences; their relationship provided insight into how she was perceived at the firm, which ultimately helped her career.
Finally, Stephanie shares one important lesson learned along the way – ask for help when you need it. She believes this is integral to the firm’s culture, and is behavior that is encouraged and rewarded. She recalls one instance where she was given so much responsibility and senior client interaction as an Associate, that she felt overwhelmed, When she finally asked for assistance, her manager said, “We were waiting for you to speak up – we only give you what we think you can handle,” a lesson that has stuck with her.
Seeking and Giving Feedback Are Both Crucial
An integral aspect of your career is requesting feedback and integrating that feedback into your daily processes, advises Stephanie. “This is a quality you find in the people who thrive and are given new opportunities,” she notes, adding that in the workplace, men and women approach feedback differently.
“Men are more prone to give feedback to other men, partially because they may be more worried that you might be offended to receive feedback as a woman or person of color,” said Stephanie. “You have to let them know you value their input. Say, ‘You can hit me on the chin; I want it. I can take it because it makes me better.’” She notes you should then circle back and identify the changes you instituted to reflect their input.
Additionally, Stephanie calls on seasoned professionals to provide feedback to junior people, whether related to their work product or conduct in the workplace. “It’s also not just feedback they directly receive, but junior employees should also realize how nonverbal cues can contribute to the opinions that people form of them.”
She notes that she learned many of these unspoken lessons through the Goldman Sachs Firmwide Women’s and Black Network, which also provided additional opportunities to work with senior women across the firm. Stephanie cites developing a close, personal mentorship relationship with a female partner who later became her boss and helped her strive for bigger roles. “She really helped me understand how the firm works and how each role leads to a new opportunity when you think about your career.”
Stephanie is eager to pay it forward; she was gratified when she was recently asked, as one of the most senior woman in her region, to host Q&A sessions in the firm’s Los Angeles office for junior people.
Family and Philanthropy Fill Her “Off” Hours
Active in a number of philanthropic organizations, Stephanie serves on the board of Kids in Sports, which provides sport activities for underprivileged children; she’s also mentored students from Crenshaw High School; and is a former trustee of her alma mater, Wesleyan University. In addition, Stephanie is a founding member of the National Association of Securities Professionals’ southern California chapter, which serves women and minorities in the industry by providing networking opportunities and ensuring that minority firms receive visibility across the sector. She has also been involved with her church, serving on the hospitality committee and participating in a girls mentoring program.
Finally, she is passionate about spending time, skiing and exploring new places with her husband and 18-month-old daughter.
Black History Month
Black History Month, Career Advice, FeaturedWe hope you have enjoyed our featured articles and career profiles during Black History Month.
Take a look at some of our Featured Black History Month articles from previous years:
In honor of Black History Month 2016, this month The Glass Hammer will feature interviews with notable African American women at leading firms on their career experiences, aspirations, and advice for other women in their field. Theglasshammer.com all year long and over the past nine years ensures we profile women of all social identities and experiences and we have always stated from the beginning that we want our readers to have many different role models.
Leadership diversity pays off, and a new study by McKinsey “Why Diversity Matters” has the hard numbers to prove it. It also points out that most corporate diversity programs don’t go far enough to be inclusive of ethnically diverse leaders. The Glass Hammer has long upheld the “business case for diversity,” and senior women in the corporate space will be pleased to see statistically significant results supporting this argument.
When we talk about the progress that has been made by women in corporate America, using gender to mean ‘all women’, what we’re actually referring to is the progress and gains that have been made by white women.
Old Myths, New Mindsets: Strategic Leadership
Career Advice, Guest Contribution, LeadershipI have encountered many leaders, both within and outside of healthcare, who think:
1. There is no ‘I’ in team.
2. Great outcomes come from perfect plans
3. During times of rapid change wait for clarity before acting.
4. There are no stupid questions.
5. Everyone’s opinion counts.
6. Nice guys/girls finish last.
7. The customer is always right.
What I’ve found through experience and the changing mindset that I’ve developed as a leader is that a lot of this is no longer, and perhaps never was true.
Myth: There’s no ‘I’ in team.
Fact: A strong “I” or commitment to personal accountability and professional achievement from each member leads to high performing teams.
Action: A comprehensive operations plan includes clear role assignments and timelines at every phase of a project leaving no question which team member is accountable for driving the success of that element. It also provides ample opportunity for the leader to recognize individual contributions along with team achievements.
Myth: Great outcomes come from perfect plans.
Fact: Great outcomes come from consistent, forward-moving action. Poor implementation or an overly rigid plan will often sabotage great outcomes.
Action: Execution starts when the Leader fulfills their responsibility to: 1. Clearly and consistently communicate the desired future state AND 2.) Secure the resources necessary for success. Wise leaders adjust goals when they are unable to fulfill one or both of these leadership accountabilities or when business circumstances change.
Myth: During times of rapid change, wait for clarity before acting.
Fact: While it is always wise to fully examine the circumstances surrounding change, complete clarity is typically hard to come by in the midst of a rapidly evolving business cycle.
Action: Just as in the previous example, leading an organization during times of heavy change requires clear communication and necessary resources, including employee education. Arming the team with information and expertise is a sure way to drive out fear and get ahead of the curve. Don’t be afraid to take action on the known and plot course corrections as new facts become available.
Myth: “There are no stupid questions.”
Fact: We’ve all heard stupid questions being asked in a business setting, let’s face it. The damage can be immediate as the collective perception of the individual goes down a notch. Various possibilities run through the listener’s mind – none of them good. Didn’t she/he prepare for this meeting? Haven’t they been listening? If this person does not grasp a fundamental concept, will they be a capable contributor?
Action: It is time to evaluate which of the many possibilities noted above is accurate. With this knowledge and the full engagement of the individual involved, a high impact remedy is possible. Ideally, the result is an improvement in this colleague’s ability to perform as a well-respected contributor.
Myth: Everyone’s opinion counts.
Fact: Leaders must make tough decisions. Facts and the wise consul of strong subject matter experts count. In many cases the opinions of the full employee population simply do not.
Action: Once a key business decision is made, the immediate next step is to inform others with a legitimate “need to know.” Although that sometimes includes all employees, partners, and customers, more often the audience is limited. A comprehensive communication plan with well-developed talking points will help the full leadership team engage in meaningful dialogue with those impacted.
Myth: Nice guys or girls finish last.
Fact: Committing to being the best version of you does not mean you are soft or a pushover OR that you will finish last. Many of the world’s most successful leaders are genuinely nice people who make deals and solve problems through the mutual relationships formed with people they like and trust.
Action: The work of staying humble and treating others as you’d like to be treated requires frequent, honest self-evaluation. Don’t be afraid to engage an effective career coach to help you stay grounded. It’s okay to be human. It’s okay to be compassionate. Your employees will respect you for being your genuine self: intelligent, bold, and kind.
Myth: The customer is always right.
Fact: No. No. No. In fact if the customer were always right, they wouldn’t need us. Your customers surely have fantastic ideas and insights, but so do you! Working together you can find the right path and solution set to achieve their goals.
Action: Regardless of the organization’s product or service, you have been chosen for the ability to favorably impact your customer. When they have chosen a strategy, product, or service that will not achieve the desired future state, it is your job to respectfully lead them to a better solution. Make the art of consultative guidance a part of your employee education program.
This group of business myths is far from complete. It’s important to note that, along with the many examples included here, many industries or individual organizations have their own set of myths that protect the status quo. Courageous leaders aren’t afraid to challenge long held beliefs regardless of their origin.
Guest Contribution by Jackie Larson, President, Avantas
Jackie is a healthcare industry veteran and recognized thought leader. She joined Avantas in 2008 and has been the driving force in building out the company’s client management, analytics, and consulting groups into world-class teams providing guidance and support to clients on a wide range of issues including workforce optimization, productivity, business analytics and more.
(Views and opinions of Guest Contributors are not necessarily those of theglasshammer.com)
Maybe Next Year: The Promotion or Bonus Promise That Was Not Kept
Career Advice, Career Tip of the Week!By Nicki Gilmour
What do you do when you are told that you did great work this year but you are not getting the promotion or the bonus you were set up by these managers or HR people to expect?
Many people come to me with this issue and frankly are not very happy about it. Depending on the exact circumstances, this could be a deal breaker for some professionals who start looking around for a different opportunity in a new firm. For others, it is time of working with their boss to plan to replay what the goals were and to look at instances which met, exceeded or came close to the expectation. Why do this? Why delve into the past? Well, sometimes it can be useful to ensure that the criteria to progress is made explicit for this year. This process is helpful to set up a system, so that during the year you can have formal or informal check-ins to show that you are meeting the milestones and that your success is hard to refute. Moreover, maybe it is about making busy people notice.
How can you have this conversation without it being inappropriate, weird or reflect badly on you?
Firstly, know your boss. How will he or she react to an after action review? Will they find it constructive if couched as such?
Secondly, know the cultural norms of how things are done there. Stay safe, play within norms (unless you have a huge appetite for risk in which case do what you need to do but be able to live with the consequences).
Lastly, understand the importance or including or excluding HR as each firm is different on the use of human resources and talent processes. I say this with respect, because if you have a strategic and involved HR team who really get the talent retention piece and can see you are trying to develop yourself, then that can help you immensely as their systems might make for a less subjective process. Conversely, if they are all police and there is no strategic process then perhaps finding a different route to your manager as it pertains to how you reach the next level is ok too.
Is it as easy as asking your manager the following? In some cases, yes.
A direct question like “What do I explicitly need to do to get the x title and be paid y with z in bonus starting January 2018?” is suitable for some firms and not for others as is, “If I fulfill on tasks as discussed and fulfill on what we agree realistic success to be, can you give me a reassurance that we are going to be both happy and rewarded this time next year?”
This gives your manager a chance to think about what success looks like for you and them at the very least and in more subtle environments, just asking “what does success look like?” might be a good way to build that relationship and clarify some benchmarks.
Getting any sort of criteria in writing can be useful and on a weekly, monthly or quarterly basis as appropriate, send an email to your boss and other stakeholders with an update on how the activity is furthering or completing the stated goal.
And, if it is a moving target then ask your boss to break it down based on today’s live time view and suggest a formal time every month or quarter to talk about how goals are evolving based on the external environment or whatever stimuli is making them constantly move. Just make sure this is not an easy out for your manager to stay vague on purpose.
Because, you do not want to be having the same conversation this time next year now, do you?
(If you are interested in hiring an Executive Coach please contact Nicki@theglasshammer.com to discuss further)
Happy Presidents Day
FeaturedOn Presidents Day this year enjoy a selection of our profiles from 2016.
Image via Shutterstock
Voice of Experience: Sarah Churchman, Talent, Inclusion and Wellbeing Leader, PwC UK
Mover and Shaker: Karyn Cavanaugh, CFA, Senior Marketing Strategist, Voya Investment Management
Voice of Experience: Susanna Charlwood, Partner, Shearman & Sterling’s Litigation Group
Voice of Experience: Melissa Barrett, Managing Director, Chief of Staff Global Compliance & Head of Global Compliance Training, Goldman Sachs
Voice of Experience: Marie Louise Kirk, Partner, Goldman Sachs
Mover and Shaker: Peggy Watson, Vice President, Product Management, North American Fleet for WEX
Movers and ShakersPeggy Watson believes that respect and relationships are the cornerstone for success. She has found that it’s vital to take the time to know what matters to people: Whether you’re trying to close a deal or get the best from an employee, if you know what makes them tick and address it in a genuine way, you will be successful.
“Being genuine and having respect will allow you to build relationships that will help you move forward together,” she says.
A Successful Career at WEX – With One Detour
Watson has spent the majority of her 30-year career in marketing, starting with a position in high school doing management and marketing for a pizza chain. It not only sparked her love for food, she jokes, but also gave her the business bug and an enduring curiosity for how businesses tick and promote themselves.
She joined WEX in 1998 where she has held various roles for the past 18 years with only one brief departure.
“I loved my job and got a lot of energy and satisfaction from it, but at one point after I had reached a director level position, I had the opportunity to try something totally different which I thought was my calling – that would allow me to combine my love of business with my love of food,” she says. She joined a small catering business, working with the owner to expand its reach; although she wasn’t sure it would be the right fit, she told herself to be bold and take a chance because if she didn’t try it she would always wonder what might have been.
The wonder ceased soon after she joined as she realized that she was better suited to corporate marketing. “I have always enjoyed cooking and entertaining, but I realized my joy comes from doing it for people whom I love, and the job took me away from that.”
Her boss at WEX had encouraged her to return if her other opportunity didn’t work out so soon she was back, feeling more confident and bolder in her career after the learning experience. “It was an amazing experience, from which I learned a lot, and have no regrets.”
After she returned to WEX she eventually moved into a role where she was overseeing both product and marketing and supervising a large team. “That’s one of the benefits I’ve experienced while working at WEX. There’s always a new challenge.”
Overseeing the Challenges of the Future
Backed by a company always looking to increase the speed with which it moves and innovates, Watson enjoys building teams and is now relishing the challenge of building a repeatable and scalable process for taking customer insights and turning them into valuable products solutions for customer.
One important industry innovation she is tracking is the intersection of payments, mobile technology and the connected car, which has the potential to have a major impact on their business model going forward. “I believe that the concept of a driverless car will be a reality within my career,” she says.
Realities of the Corporate World
When reflecting on what she expected in the business world, Watson shares a vision common among young professionals – the glamour of corporate travel. While she appreciates the opportunities she has had to go interesting places and meet people, she soon found out, as many do, that on the whole travel takes its toll.
Mentors Helped Her Achieve
Over the years Watson has had a number of advocates who have helped with both visibility and building confidence. Along with multiple positive role models, she had one in particular who showed her what not to do — a boss early in her career who seemed to enjoy working in a chaotic environment and would create fire drills to watch the staff respond. Watson quickly learned that when there is actual deadline stress, you want the team to take it seriously and be at their best, rather than having it be a regular occurrence.
On the other hand, she mentions a boss who offers two traits Watson tries to emulate. “She was the smartest person I’ve ever known, but she used her knowledge to be inclusive rather than exclusive. She was the smartest person in the room, but she never made anyone feel less so. “Her knowledge was deep and wide, and she was generous with it, rather than imperious.” Watson says that she learned that sharing information leads to strong, trusting relationships that will positively impact your career.
Watson also appreciated the team perspective her mentor offered, understanding what each person brought to the table and how it fulfilled the whole picture.
“She brought me on the team to fill a gap. She herself was a very talented writer, and once when I struggled for days trying to write a piece she stopped me and said, ‘Don’t struggle with that, as I can do it easily. Instead, I need you to manage the production of the publication because I’m dreadful at that.’” That’s when Watson says she learned to look for complementary skills rather than clones when pulling a team together.
Watson appreciates the educational opportunities she’s been offered at WEX, including an integrated leadership development program of which a significant component was working with an executive coach. “That relationship has been enormously helpful in developing my career and refining my future goals and how to achieve them.” Watson notes that she’s often been tapped for a positon even when she wasn’t certain she was ready, but the rapport she’d developed with the coach allowed her to see the possibilities and embrace the challenges by taking the risk and putting herself out there.
In one instance, she put her hat in the running for a bigger job that she wouldn’t have considered without her coach’s encouragement. Though she didn’t end up in the position, the process was extremely empowering and built a feeling of confidence for the next opportunity.
A Love of Cooking Permeates All Aspects of Her Life
When not working, Watson continues to indulge her love of cooking and entertaining; in fact she says it’s not unusual for her and her husband to have dinner guests two or even three times a week. “I learned a lot in the short time I switched careers, and now I can whip up a dinner party for 20 in two hours,” she says with a laugh.
And although her catering venture wasn’t a good career fit, she continues to help friends with special occasions. Using cooking as a creative outlet has threaded throughout her career, even to her philanthropic pursuits, where she delights in helping in soup kitchens and food drives.
Career Lessons
There are two important lessons I’ve learned over the course of my career, she says. “First, take risks – you always learn something from them, and the more you do it the less scary they are. And second, respect people: Understand where they are coming from and understand what they do well and give them the opportunity to use those skills.”
Burnout Isn’t “Their Issue”: Changing Our Behaviours to Benefit Us All
Career Advice, Office PoliticsBy Nneka Orji
For many, burnout is a familiar concept; its association with emotional exhaustion and reduced motivation is widely acknowledged.
Image via Shutterstock
Why You Need to Continue Learning – and How to Do It
Career Advice, Career Tip of the Week!, Guest Contribution