The cost of your company’s bad hiring decisions can be staggering. To calculate this cost, I tell my clients to add the first-year turnover rate to the percentage of people who the company wouldn’t rehire. This number is your company’s Bad Hiring Rate (BHR). Next, I ask them to multiply…...
Countering Coronavirus through Inclusive Culture
When business continuity plans kick in, as they have in the current COVID-19 crisis environment, what happens to diversity and inclusion efforts at investment organizations? Do they fall away as nice-to-haves or are they seen as contributing to a cultural edge of resiliency? Evidence from a call last week with the…...
How Financial Services Can Win the War for Technology Talent
According to a report commissioned by the UK’s Treasury, Britain’s financial services system is experiencing an existential skills crisis. Why? As digital start-ups have moved quickly to offer desirable working benefits such as flexible hours or learning and development opportunities, financial institutions have been comparably slow to react to new workplace…...
On Career Resilience in Uncertain Times
Resilience is our capacity to recover, to bounce back, from challenges and misfortune. It implies emotional strength and grit, an ability to confront and overcome the barriers that stand between us and our goals. The coronavirus pandemic has tested that resilience, both our personal resilience as investment professionals and…...
