by Elizabeth Harrin (London)
Generation Y (also known as ‘The Millennial Generation’) are people born between the late 1970’s and early 1990’s, and represent the demographic cohort following Generation X. Chances are you have some in your department. They don’t have the same approach to work to that of their older colleagues. We offer up our top 10 tips for managing that population:
Contributed by Caroline Ceniza-Levine of SixFigureStart
While layoffs are more common and carry less stigma, it is still true that employers generally prefer employed candidates to unemployed. So you need to be truthful and acknowledge the layoff, but you don’t need to dwell on it. In fact, you want to move away from the topic quickly and refocus back on the positive aspects of your career. A good way to structure what you should talk about is to take your cues from the employed candidates:
by Liz O’Donnell (Boston)
The number one hiring request at fund management firms right now is for diverse candidates, says Karen Fenaroli, a recruiter who specializes in senior level jobs at asset management firms. It sounds encouraging, but is it really? Are the requests for diverse candidates a response to the growing body of literature and research that shows a strong correlation between women at the top and healthy bottom lines? Has Wall Street decided more women and people of color makes for better business? Or are human resource professionals merely mandating that their hiring managers simply follow the Equal Employment Opportunity Guidelines. As Fenaroli puts it, “Are they looking for an appropriate perspective of women in management or just checking off a scorecard?” The answer lies somewhere in the middle.
Clara Sierra is the Executive Vice President of mutual fund company Sentinel Investments, and one of the highest ranking people at the firm. She has an impressive resume having worked at AIG and Alliance Capital before joining Sentinel. She is also female, Hispanic and a mother.
“On paper I look like everyone else,” she says, “but in real life, I don’t look like anything in the room.” So when she got a call from a recruiter who told her she was the hottest ticket in town and not to worry what the job entailed, just know the position was “top echelon, corner office and they want a woman,” Sierra thought it was “bombastic.”
James Walsh, author of “Mastering Diversity: Managing for Success Under Anti-Discrimination Laws“, says hiring managers are looking first, for great people and second, not to get sued. “The key question is do you want a diverse payroll or do you want diverse people working for you? Is diversity something you look for in the individuals you hire?”
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