New Research from Paycor Finds Only One-Third of Small- to Medium-Sized Businesses Describe Their Teams as “Effective”

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CINCINNATI, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Human Capital Management (HCM) company today released Conducted by and commissioned by Paycor, this new research provides data-driven insights from more than 1,000 human resources (HR) and finance leaders of SMBs across the U.S. on how they currently create and manage their teams, the issues they face, and best practices in recruiting, coaching and developing processes to build effective, high-functioning teams.

According to a study titled, “,” employees who are part of effective teams are more likely to describe themselves as “fully engaged,” more satisfied with their careers and their company, and even more optimistic about their lives outside of work. In a high-pressure, competitive work environment, individuals who become valued team members are more likely to feel more effective, more capable and, therefore, more engaged.

Paycor’s research found that while 67% of small- to medium-sized business (SMB) leaders agree that building teams is important, only 31% describe their teams as “effective.” As such, it appears businesses today are struggling to build successful, high-performance teams.

Paycor’s “HR Benchmark Report: How to Recruit, Coach and Develop Teams” reveals core strategies for how SMBs can build “effective” teams. Key findings include:                      

SMBs can implement various tips and tools to ensure recruiting for the open position ends in success for the team. Building a hiring profile document describes the ideal candidate, their role and value they would add to the team, as well as ensure stakeholders to align on exactly who the team is looking to hire. Additionally, interview scorecards help define and objectively standardize the most important criteria for candidate evaluation, operationalizing the work done in the hiring profile. And investing in an employee referral program empowers employees to identify and recruit the people with which they most want to share their work lives.

A culture of feedback helps take the sting out of conflict. Normalizing feedback tends to have less conflict because negative emotions don’t have a chance to take root. Offering employees actionable and potentially life-changing insights on how they can achieve their potential up front and without charge, implementing 360-degree feedback into the performance review process for a holistic view of a team member’s performance and training managers to decipher feedback and convey it in a positive, actionable way prove beneficial for individual employees, healthy for teams and better for the overall business.

Collaboration is a skill that can be learned; it is not a personality trait. Investing in a learning management system (LMS) that enables a wide range of courses, including soft skills like interpersonal communication and collaboration, that offers a variety of formats (online, interactive, self-paced) to accommodate diverse learning styles, and promoting peer-to-peer learning, which enables team members to learn from each other, are just a few ways that collaboration can be a competitive advantage in an increasingly knowledge-based economy.

To access the full report and learn more about how to recruit, coach and develop teams for better business outcomes, please

Paycor creates HR software for leaders who want to make a difference. Our Human Capital Management (HCM) platform modernizes every aspect of people management, from the way you recruit, onboard and develop people, to the way you pay and retain them. But what really sets us apart is our focus on business leaders. For 30 years, we’ve been listening to and partnering with leaders, so we know what they need: HR technology that saves time, powerful analytics that provide actionable insights and dedicated support from HR experts. That’s why more than 30,000 medium & small businesses trust Paycor to help them solve problems and achieve their goals. 

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Globe Newswire: 14:00 GMT Tuesday 14th January 2020

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