Tag Archive for: remote

Veronica Willis“I’ve learned a lot of strategies about productivity during this working-from-home time due to COVID-19,” says Veronica Willis. “I’ve also learned a lot about what really is high and low priority, so now I know what to focus on and I will take this back to the office with me.”

Wells Fargo’s Willis discusses a career shift into investment strategy, finding her own stride as a leader, and what the remote working environment has taught her so far.

Moving Toward Investment Analysis

A Chicago native, Willis graduated from Washington University in St. Louis, majoring in mathematics with a concentration in statistics and a second major in Spanish language and literature.

After joining Wells Fargo in 2012, she put her quantitative prowess into application in researching and running quantitative models for developed and emerging countries, commodities and currencies.

From working in heavy quantitative analysis, she began to investigate the strategic side and felt herself pulled in that direction.

“I realized the writing side was interesting to me,” says Willis. “I began to explore the research and strategy side, especially around commodities. And while the quantitative work still mattered, I found my interests were going in a different direction.”

In 2015, she began to move into research and recommendations around asset allocation with the head of asset allocation, bringing strategic market insight into advising investors on how to minimize risk and maximize success, in alignment with their investment goals.

Currently she is part of Wells Fargo Investment Institute, focusing on clients of Wells Fargo’s Wealth & Investment Management division —where much like bridging the rich diversity of her two university majors, she combines an aptitude for quantitative and qualitative insight.

Becoming a Leader

Willis is proud of the new tax efficient asset allocation models that launched on December 1, a project she worked on throughout this year and for which she took the lead.

“It’s been a great opportunity to show my leadership abilities,” reflects Willis. “It’s really amazing we were able to get this completed in this complicated year.”

As she takes on new leadership opportunities and challenges, Willis is coming into stride with the gear-shift that rising to leadership asks of her.

“As a leader, I’m excited to learn how to take the lead in projects, how to manage peers and take ownership,” she says. “That can be a fine balance if you move from working with people as peers to then being in charge of a project. I struggled a little with the shift at first.”

However as she ventured into this territory, Willis quickly gleaned?? that real leadership is never a one-size-fits all approach, but a matter of listening and attentiveness.

“I think the key is to figure out how people want to be managed, style-wise,” says Willis. “Some people want autonomy and to be left alone. Some people want a lot of check-ins. As a leader, you need to meet them in the style that is best for them.”

Willis is now enjoying expanding her experience in people management.

“I want to be a leader who develops people on the team,” she says, “I want to guide them in their careers, especially now in this remote work environment, as teams are geo-diverse, and there’s just not the opportunity to catch up in the office as there once was.”

Attuning the Work-Life Balance

Willis finds that the remote workplace has prompted her to increase mastery of her time management and prioritization skills.

“I’ve learned time management working from home,” says Willis, who produced a massive amount of intensive research during the volatility in the spring. “I used to pull long days and check emails outside of the office constantly. I realized when I was working from home that I had to draw some boundaries and stop at a certain time.”

Stepping away from the office, Willis has found it easier to curtail the 24/7 availability habits and instead create a better work-life balance.

“It’s very easy to stay logged in, checking and replying to emails, long after the work day has finished,” says Willis. “I’ve learned it’s okay to turn off the work phone, and I plan to continue to have the off-time delineation when we go back to the office.”

Mentoring and Supporting Others

During the first year of her career with Wells Fargo, Willis had a formal sponsor who advocated for her and still does to this day.

Willis has found that mentorship is very valuable in building up her transferable skills, and she wishes to pass that support onto others.

“My mentor helped me find my voice to help others and build my skills,” she says. “I mentor people who are now going through the same program that I myself started my career in.”

Outside of work, Willis also serves on a young professional board at the Saint Louis Crisis Nursery, focused on stopping abuse and neglect of children. She supports the organization in creating a safe space for kids to come and providing help-line support for overwhelmed parents in need.

Be Willing to Discern and Expand

If she could say anything to her younger self, it would be to practice discernment and own your ‘no’s’ as much as your ‘yes’s’ in alignment with valuing your time and professional goals.

“It’s okay to say no to some requests,” she reflects. “I was always saying ‘yes’ early in my career, and I would tell my younger self to be more selective, especially if you’re trying to build a specific skill-set.”

Her advice to others is not to let your past interests or roles define the latitude of your future possibilities.

“Don’t necessarily box yourself in — you don’t have to be what you studied in college. You can explore new things that interest you and that you have passion around,” Willis encourages. “It’s okay to build those skill, and then it’s okay to follow your passions and grow.”

 


Risks

All investing involves risks including the possible loss of principal.

 

Disclosures

Wells Fargo Investment Institute, Inc., is a registered investment adviser and wholly-owned subsidiary of Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company.

The information in this report is for general information purposes only and is not intended to predict or guarantee the future performance of any individual security, market sector or the markets generally. 

The information contained herein constitutes general information and is not directed to, designed for, or individually tailored to, any particular investor or potential investor. This report is not intended to be a client-specific suitability or best interest analysis or recommendation, an offer to participate in any investment, or a recommendation to buy, hold or sell securities. Do not use this report as the sole basis for investment decisions. Do not select an asset class or investment product based on performance alone. Consider all relevant information, including your existing portfolio, investment objectives, risk tolerance, liquidity needs and investment time horizon.

Wells Fargo Wealth and Investment Management, a division within the Wells Fargo & Company enterprise, provides financial products and services through bank and brokerage affiliates of Wells Fargo & Company. Brokerage products and services offered through Wells Fargo Clearing Services, LLC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. Bank products are offered through Wells Fargo Bank, N.A.


Remote leadershipRemote leadership is in the spotlight in this current COVID-19 reactivity environment of quarantine and social distancing, and leaders are called to remember – now, more than ever – that leadership is not just about the employees or projects you manage, but the human beings you are interconnected with.

As entire offices are now working from home, the question is how to lead and motivate through these times. How do you stay supportive and facilitative to your people through the absence of in-person interaction? With a backdrop of increased uncertainty and lack of control, how do you take it day by day as a manager?

This is Not Last Year’s Remote Office

Prior to the crisis, remote working had grown by 91% in the last ten years and 52% of workers globally were working from home once a week. It was estimated that at least 50% of the U.S. workforce would work remotely by 2020. The current context has blown the statistics apart.

Context is everything. The advantage of working remotely is normally the sense of freedom and flexibility, but for many it’s now a result of imposed restriction, that goes across every aspect of life.

Some team members will struggle deeply with isolation and routine loss. Previous remote workers will not be having the same experience as before.

Elizabeth Grace Saunders, a Time Management Coach, writes in Fast Company, “For some, the idea of working from home is a dream—no commute and no drop-in meetings—pure productivity bliss; for others, it’s terrifying… Ready or not, you’re working remotely.”

American Psychiatric Association (APA) emphasizes, “Many are teleworking full-time for the first time, isolated from co-workers, friends and family. Our daily living routines are disrupted causing added anxiety, stress and strain—physically, mentally, and financially. It is completely natural for this disruption and uncertainty to lead to anxiety and stress.”

6 Ways to Support Your Team

As a remote leader, here are recommended ways you can support your team members:

Establish Work Availability and Boundaries

“When transitioning to a remote team, leaders should prioritize the development of clear boundaries and guidelines,” writes Jason Wingard, dean and professor at the School of Professional Studies at Columbia University, in Forbes. “At its most basic, this involves assisting employees in delineating their availability: when they will be working, how they can be reached for different needs, and how they will address challenges such as childcare.”

Encouraging employees and yourself to establish work hours and be communicative about them will help productivity and avoid burnout.

“There’s a lot more flexibility, which can be exceptionally dangerous,” writes Saunders. “You can end up barely working, working all the time, or somewhere in the middle where you begin your work very late and end up needing to work into the wee hours of the night.”

“Segment out what home or personal tasks you won’t do when you are in your work hours;” she advises, “that way you don’t spend half the day tidying the house and neglecting key tasks.”

Remote leadershipEncourage a Routine and Dedicated Work Space

The APA recommends keeping a regular routine including work, family, breaks, and other activities – as well as a designated physical space for work within the home – to support mental health while working from home.

Saunders writes that sticking with your routines – such as wake up, eating, activities and exercise times – support a greater sense of normalcy and clarity.On the other hand, Saunders writes “Abandoning all your routines will lead to decision fatigue and likely a lapse of willpower. You may find yourself home all the time, yet not even showered or dressed most days.”

Denoting a dedicated work space to settle into will help you and team members focus – and reserving that space as much as possible for work.

Be Flexible and Compassionate To Differing Circumstances

Optimal availability, schedule, and routine may look different for each individual, including yourself.

“Your mindset (now) has to shift to flexibility, overcommunication, and compassion,” writes Jay Friedman, president and parter of Goodway Group writes in Business Insider. “Take everyone’s situation into consideration and adopt accordingly.”

Friedman emphasizes the importance of establishing ‘parameters for a work-life integration plan’, which allows employees to adapt their schedule around their total responsibilities, such as home-schooling, and that may look different than a 9-to-5.

“To avoid miscommunication, encourage employees to be open on their calendars by blocking out ‘family’ time;’” he writes, “encourage those without such responsibilities to carve out ‘personal time’ before and after their work day to facilitate healthy work-life harmony.”

Also, re-assess responsibility allocation in your team based on the current situation.

Prioritize Goals, Not Hours

It’s not about hours spent sitting at the desk. Focus on goals and results.

“Don’t worry as much about what is being done. Instead, concentrate on what is being accomplished,” quotes Forbes, from sales and marketing professional Donald Hatter. “If we are meeting our goals, then great. If not, we need to look into the situation further. It is all about accomplishment, not activity.”

“Especially during times like these, look at the team’s achievements and celebrate what they’ve done,” Friedman writes. “The ongoing support and celebration of wins — both large and small — will be a huge motivator.”

Clarifying goals and who supports what can help with delegation, according to authors in Harvard Business Review (HBR): “Clarifying roles among the team helps people understand when they can turn to peers instead of the leader, which prevents the leader from becoming a bottleneck.”

Check In Regularly and Document

46% of remote workers, according to HBR and cited in Forbes, reported that the best managers checked on their team members regularly and frequently.

Checking in, as well as responding quickly, are important to keep connection, while face-to-face virtual meetings retain a sense of closeness and cohesion.

As written in HBR, “The most successful managers are good listeners, communicate trust and respect, inquire about workload and progress without micromanaging, and err on the side of overcommunicating.”

According to John Eades, CEO of LearnLoft in Forbes, questions should be:“What have you done? What are you working on? Where do you need help?” It’s important to give ownership for how things get done with individuals, and trust your people.

Brian de Haaff, Co-founder and CEO of Aha!, points out that documentation is critical when running a team remotely, assuring communication is flowing, messages are accurate, and records are kept. Recording virtual meetings on Xoom, etc helps to catch team members up directly.

Haaff further recommends documenting the three Ps: “problems, progress and plans”, to use as a launching point for weekly check-ins.

When moving around the virtual office, check your bias. Homophily – such as reaching out, relating to, assigning and relying on those with whom you share similarities – is at play. One recommendation is to keep a list of team members with photos around to consult, so you can see if you’ve truly been reaching out to all.

Be Connected, Be Personal, Be Empathetic 

More than ever, remind yourself that your team members are human beings with emotions stirred up in this moment.

“People suddenly working from home are likely to feel disconnected and lonely, which lowers productivity and engagement,” according to HBR. “Under these circumstances it is tempting to become exclusively task-focused. To address these challenges, making time for personal interaction is more important than ever.”

This means keeping face-to-face connections through virtual tools, especially with those who may need extra support, showing active interest in people’s lives and well-being, being available and approachable as a leader, and acknowledging people’s concerns with compassionate flexibility.

“The best way to ensure people are engaged is to over-communicate. You can do daily check-ins and virtual hangouts like morning coffee or lunch,” advises Friedman. “If the method you’re trying isn’t working, change and adapt quickly.”

Don’t just manage your team or projects. Connect as humans that are mutually inside a challenging environment of disruption and uncertainty, and need support as we help each other through these waves.

By Aimee Hansen

Aimee Hansen is a freelance writer, frequent contributor to theglasshammer and Creator and Facilitator of Storyteller Within Retreats, Lonely Planet recommended women’s circle retreats focused on self-exploration and connecting with your inner truth and sacred expression through writing, yoga, meditation, movement and ceremonies.