What do you do if your career growth in Financial Technology depends on delegation skills?

Empower your FinTech journey through effective delegation! Begin by understanding how to empower your team. Identify and assign tasks based on each person's strengths, allowing everyone to perform at their best. Instead of just giving tasks, equip your team with the necessary tools and guidance to succeed. Trust is key; it helps turn potential into results. Delegation isn't just about offloading work—it's about empowering strategically, encouraging creativity, and revitalizing your work environment. Use it as a springboard to reach new heights in your Financial Technology career!

If you want to grow as a professional, you need to delegate. Delegation is decreasing the risk of execution. You can't be responsible for many streams. Your attention is limited. While decreasing execution risk, it increases your liability — that's your risk now. Your boss gets his big paycheck because he sleeps much worse, thinking about all these risks, like "Will you be able to finish the job", and "Will we have a new website by Friday". I learned it the hard way, through pain and suffering. I built a department around my decisions and approvals, so I became an authoritarian leader, who controlled everything. Then I learned to delegate and trust people. You can't do everything. Multitasking is a myth from fancy books.

Before deciding if a task should be delegated, first understand and be able to perform the task yourself. This includes looking to sources outside of your direct department including support and operations. Sit with these team members and offer to take on the task in specific instances so that you can become an expert enough to understand when delegation makes best sense.

Enhance your career in FinTech by shifting from delegation to team empowerment! Begin by entrusting your team with leadership; allow them the freedom to make important choices and drive innovation. Instead of micromanaging when you delegate, show faith in their skills. Make sure every team member has the power to handle tasks on their own, encouraging responsibility and sparking creativity. This method not only creates a strong team capable of facing challenging FinTech issues but also positions you as a forward-thinking leader, paving the way for success in the industry. Empower, involve, and achieve excellence!

Your goal is to provide the maximum of valuable information. Product documentation, context, references, and be ready to answer questions from employees. Without doing it, you will have excessive meetings, chatting in Slack, and spending valuable time after you delegated it and expected results. So it's better to do it in the first place. Don't forget about budget, if needed to hire respondents, or test some enterprise tool.

In a Fintech Firm, fostering a culture of recognition is paramount for nurturing engaged and loyal employees. Employee appreciation isn't just a checkbox—it's a deliberate and meaningful practice. Establishing a recognition program marks a crucial first step, but exceptional firms go beyond, constantly reassessing how they reward their team and its impact on company culture. As the firm expands, delegation becomes pivotal. Leaders must delegate tasks effectively, empowering teams to handle recognition initiatives autonomously. This not only fosters a sense of ownership but also ensures that employee appreciation remains an integral part of the company's growth journey.

I also learned it the hard way. You must appreciate your coworkers' efforts. Every member of the company, anybody who joins your team, works on delivering value to shareholders. And don't wait for a special occasion. Open corporate messenger right now, and text your developer/designer, that he's cool and you love his performance. Leaving a good impression is crucial, especially in the era, where employees switch their jobs so easily. Your Teamlead at Stripe today, your Revolut CTO tomorrow. Don't forget it.