women in techThe lack of sufficient representation of women in tech at all levels is hailed as a “crisis” for the global economy. Yet the accelerating tech industry, while in massive need of highly skilled talent, is still fumbling to both bring women back to and keep them in an industry that they, for the large part, pioneered.

Global Acceleration of Tech Transformation

In 2019 and 2020, technology compromised 10% and 10.5% of US GDP, nothing compared to where it will go. The 2020 McKinsey Global Survey of executives reports how much COVID-19 has accelerated the global tech revolution: speeding up digital customer interactions by three years and digital products/services by seven years.

Whereas executives had envisioned shifts such as remote working capabilities and increased used of advanced technologies in business strategy to take 454 and 635 days respectively, these shifts happened in real time in just 10.5 and 25 day in 2020.

The U.S. Bureau of Labor Statistics projects that tech and computer related occupations will grow by 13% from 2020 to 2030. Tech occupations have a median annual wage that are 117% more than median annual wage for all occupations.

The Dice Tech Job Report shows that after a dip in 2020, tech job postings were up by 30% in Q2 of 2021 versus a year ago, creating “one of the hottest market since the dot-com era.”

Shortage of Tech Talent Is Most Acute in U.S. Financial Services

Meanwhile, a shortage of tech talent is considered the top restraining factor for adopting 64% of new technologies, and Korn Ferry is forecasting that by 2030, 85 million jobs could go unfulfilled globally, resulting in a $8.5 trillion talent shorted.

The U.S. financial services sector is anticipated to be most affected by the talent shortage, resulting in a $435.69 billion shortfall forecast, a third of the global sector total, and is anticipated to be in acute deficit within the financial services sector. India is the only country projected to have a surplus of highly skilled finance and business services tech talent by 2030, with current surplus countries such as China, Russia and UK losing that footing.

“Global financial services players are already experiencing skilled-talent shortages and are set to face the greatest talent gap of any industry sector in the next decade,” states Michael Franzino, President of Global Financial Services at Korn Ferry. “Financial services leaders need to act now or they will forfeit substantial growth opportunity.”

Women’s Representation in Tech Industry

According to the Anita B report, 2021 Top Companies for Women Technologists, women’s participation in tech (among their wide sample of firms with 100+ tech employees) slid by 2.1% from March 2020 to January 2021, to just 26.7%, a backslide after five years of progress. (Tech giants such as Apple, Facebook, Netflix and Google did not participate, where women make up about 25% of tech positions.) 18% fewer women were brought into tech positions due to hiring freezes in 2020 with a rebound in January 2021, women representing 31% of new hires that month. The share of women being promoted remained steady.

Among the participating companies, women as tech CEOs jumped from 3.9% in 2020 to 10.0% in 2021. While white women were represented from entry level (13.1%) to executive leadership (15.3%) at similar levels, representation for women of color declines as the ladder goes up. And while Asian women begin almost in parity to white women at 12.6%, they only comprise 3.7% of executive seats.

In the UK, The Guardian notes that despite the decade long agenda of boosting female representation in technology, “the percentage of women employed in tech in the UK has barely moved from 15.7% in 2009 to 17% today. And women hold just 10% of leadership roles in the industry.”

Pioneered by Women, Now Unable to Attract and Retain Them

The underrepresentation of women in STEM is a persistent theme, with hurdles across seven different levels including the drastic erosion of women’s sense of belonging in the STEM field.

“Ironically, America’s tech industry started as a majority-female industry. As Mary Ann Sieghart notes in Wired, during the 1950s and ’60s, roughly 90 percent of programmers and systems analysts were women,” writes Victoria Mosby in BizTech. “By the 1990s, however, men held most of those positions.”

As recently as 1984, women comprised nearly 40% of computer science majors at U.S. universities, and women comprised 35% of tech workers. Today, fewer than 1 of 5 Chief Information Officers at the 1,000 biggest companies are women.

Accenture’s Resetting Tech Culture 2020 report shares that women leave tech roles at a 45% higher attrition rate than men, and 50% of women who take a tech role drop it by the age of 35, 2.5x more than attrition in other positions. Meanwhile, there’s a huge disconnection between HR leaders perception and the women working in tech: HR is twice as likely to perceive it’s easy for women to thrive in tech.

What needs to shift? Next week, theglasshammer focuses on how COVID-19 has impacted women in tech and why tech is crying out for what Accenture calls a “widespread cultural reset”.

By: Aimee Hansen

Stephanie Schultz“It’s essential to create the space for people to be heard, especially when some aren’t as comfortable voicing their opinions,” says Stephanie Schultz. “I don’t want to be in a meeting and have everybody agree with a particular direction or discussion. I want to hear the people who are dissenting, or might have a different perspective, because it’s a pressure test – it’s helping to make sure that we’re getting to the most thoughtful outcome.”

Schultz talks looking ahead of yourself in the job hunt, going for the win-win in strategic partnerships, working in a get-it-right fintech culture and the merits of adaptive leadership.

“It’s About The Next, Next Job”

Having no clear idea of what exactly she wanted to do after college other than live in NYC, Schultz graduated with an economics and business degree from Lafayette College – feeling she’d have the breadth to explore her options while getting her feet wet.

But in 2009, she inherited a tough job market in which few of her peers were landing any positions. It was tempting to take the first offer that came – an executive assistant role at a small audio-visual music company – until a previous internship manager questioned whether it was the direction she truly wanted to go.

“She was the one who really encouraged me that whenever I was to think about a job, it’s not about that job. It’s about the next, next job,” reflects Schultz. “That was so important, because in the moment, I had not thought that way – and it was hard to turn down a job at a time when no one was getting them, but I did.”

Schultz kept applying, including at American Express. She did not get the first role she applied for, but the hiring leader recommended her for another better-suited opening, which she then landed.

“I didn’t plan to be working in fintech or at a financial services company, but I was attracted to the brand and the values of the company,” says Schultz. “So thinking about the next, next job, I realized I could spend a long time at Amex, learn a bunch of different things and really launch my career.”

Twelve years on, she’s moved from product development to heading up partnerships for Amex Digital Labs, the innovation hub working to make Amex a leader in fintech. Her team is focusing on developing the next generation of products, customer benefits and membership experiences across the evolving digital landscape through partnerships with both major tech companies and start-ups.

The Strategy of Win-Win Partnership in Fintech

“There is so much disruption happening in payments, which has really excited me and kept me passionate about the work itself,” says Schultz. “The technology is continuously evolving and so are customer needs. Payments are so foundational to everyday life, so it’s exciting to keep learning, to be on the cutting edge of improving and innovating, and to make a tangible impact in something that people do every single day.”

A recent product Schultz introduced, called Send & Split, was created in partnership with PayPal and Venmo, synonymous with peer-to-peer payments. Rather than create their own platform, the Amex Digital Labs team worked with PayPal and Venmo to develop a unique digital integration within the Amex mobile app to create a better customer experience – enabling Card Members to send money to friends and family without the standard Venmo or Paypal credit card fee. Her team also developed value-added features like enabling the splitting of transactions, such as an AirBNB stay or dinner, making it seamless to share bills and ease the social interactions between users.

Not only does she have a reputation for getting stuff done, but also for being able to navigate the tougher territories of strategic partnership. She feels if you come from a receptive solution space, there is often a win-win meeting ground to be found amidst conflict.


“I feel that throughout the years at Amex, I’ve been the person at the helm of some of the more complex questions or unique products,” reflects Schultz. “When a lot of people are saying it just can’t be done, that is the point at which they bring me in to help lead and figure it out.”

Her approach is not to force or strong-arm an outcome but rather – in the context of long-standing relationships across multiple lines of Amex business, complicated initiatives, and unchartered territories – to seek and find a workable and lasting solution for all involved.

“Building relationships is core to what I do, and it’s about thinking of the bigger picture and setting those partnerships up for success,” reflects Schultz. “I used to enter a negotiation feeling as though it’s my side versus your side. Throughout the years, I’ve completely shifted my perspective: it’s not me versus you. We’re in this together, and we want this to be a lasting partnership. So how do I find what really works for both of us? It’s about being real and authentic and transparent with your objectives, and what you’re both trying to achieve, and how you can get there most effectively, together.”

An Integrated Culture of Doing it Right

One of the hardest moments at work was the day Schultz told her boss she was pregnant, because she realized she was anxious about moving towards a time of managing multiple priorities, with family first, and how big of a change it would personally be for her.

“That was a difficult moment to navigate and come to that realization, but now has been the greatest gift of all,” says Schultz. “Becoming a mom has helped me to be more efficient and effective at prioritizing my time and has been a net positive thing on who I am as an all-around human being and empathetic leader.”

Fintech is not at all a “move fast and break things” culture as you might expect, because with working with heavy regulations and major tech companies, the work culture is far more focused on doing it right than just doing it fast.

“The culture at American Express has been something that has kept me in this role. It’s a culture that welcomes the diversity of perspectives and ideas and makes the space for that,” she observes. “You would think the culture might have multiple layers of hierarchy and you have to navigate that, but that has not been my experience. The expert is in the room while the presentation is happening.”

Former Amex Vice Chairman Ed Gillian, whom Schultz was inspired by, was often on the ground floor around projects that were driving digital transformation, working beside managers and analysts.

Digital Labs also has creative ways of cultivating inspiration, as ideas come from any direction. Regularly, her team has inspiration calls where they can share anything, from an article to a new app feature, that may be inspiring them. When it comes to ideas from the ground up, the team has a forum and toolkit to equip anyone with the spark of inspiration to be able to go from idea stage to concept and then to action, while also having access to the investment and resources to get the project off the ground.

Being Adaptive in Leadership

The one thing she most wishes to impart on her mentees is the power of belief and the feeling of being championed, pointing out how teacher Rita Pierson inspired a classroom of struggling students in an underprivileged community to succeed by reframing the way they perceived themselves: “I think that sometimes people’s potential can be redefined based on what other people see in them. There were moments throughout my career when I didn’t necessarily see myself having that potential, but I had a mentor or a sponsor who saw that in me. Everybody deserves that.”

Within the Women’s Interest Network in Amex, Schultz is involved in the Ready To Lead program, mentoring and creating connections for aspiring leaders from other business units. She’s often found mentoring more like building a relationship, and particularly in her role, she often learns about new features and products from her mentees.

When it comes to being a leader, Schultz is thoroughly committed to supporting the unique working processes of each individual she manages, rather than imposing her own style of work.

“I have a more adaptive leadership style with my team. Some people might want me to roll my sleeves up and get in and white-board with them. Other people might prefer to take the challenge away and come back to me later with ideas,” says Schultz. “I personally feel I am there to set the charter for the team, to set the vision and the goals. I believe in a model of service to the people on my team. What works for you to be effective and then how do I flex my support based on what you need, to be a sounding board and roadblock remover and helpful guide along the way?”

While her style is more casual than the normal latitude of management approaches in financial services, being authentic in her own leadership has resonated and served her team and success.

Schultz spends as much time as she can with her toddler, Cooper. Since becoming a working mom, savasana has gone from the pose she could not stay still for to a treasured and glorious moment.

By Aimee Hansen

Power of IntentionGloria Feldt, Co-Founder & President of Take The Lead, shares on the life-changing power of intentioning for women, as revealed in her newest book.

On a spectacular Arizona day in late January, 2020, when you can be lulled into thinking all’s right with the world, I was hiking with a friend. Then boom! I tripped on an unseen pebble, put my hand out to catch myself and knew immediately from the snap and the pain that I had broken my wrist. The first broken bone I’d ever had.

It’s never the mountains that trip you up. It’s the pebbles on the path.

Within 6 weeks, as everything shut down because the whole world had been tripped up by coronavirus, I realized I should have seen it as an omen. The year of broken bones I called it. Broken almost everything. More like two years now. And when will it stop?

We’ve all been through a difficult time of so much loss and grief.

The pandemic tripped us up. Ground us to a halt. Changed so much about how we see the world and each other. Maybe it changed how you envision your career and life from now on.

So there’s no better time to answer the question that prompted me to write my book, Intentioning: Sex, Power, Pandemics, and How Women Will Take The Lead for (Everyone’s) Good. This is without a doubt the #1 question you need to answer to be in the driver’s seat for the rest of your life, not the backseat wondering where life is going to take you next.

Your power TO WHAT?

What does that mean? Here’s the backstory.

I started writing Intentioning well before Covid-19 reared its ugly head. I interviewed over a dozen women whose stories form the basis for a new set of Leadership Intentioning tools to build on the 9 Leadership Power Tools in my last book, No Excuses: 9 Ways Women Can Change How We Think About Power.

In No Excuses, I explored women’s culturally learned relationships with power. I realized ambivalence about power was a key to why women hadn’t reached parity in leadership of any sector despite all we’d done to open doors and change laws. So much female potential was not being realized.

We needed a different idea about power than the oppressive narrative of history that’s based in fighting and wars and the assumption of scarce resources. By shifting the paradigm to the expansive, creative, generative, abundant idea of power TO, women’s would say, “I want that kind of power.”

Now, after a decade of teaching and coaching women how to embrace their power on their own terms, I realized the necessary next step is to ask, “the power TO WHAT? How am I going to use my power once I know I have it?”

Your answer will enable you to clarify your intentions.

Identifying and getting what you want out of life can seem like a daunting task, even more right now, when you may be uncertain about whether you’ll be working from home, whether your children will be safe, and if your job will exist at all. And it isn’t automatic that a woman will want to walk through an open door or even see it as a possibility. She may feel ignored or not respected, exhausted from experiencing microaggressions. She may fear she’ll be passed over for a promotion at work, that it’s too late to start over when her profession or company changes, or that for whatever reason she’s not good enough.

This doesn’t have to be how you live your life and I don’t want it to be that way for you.

Yes, the COVID-19 pandemic and another pandemic of belatedly acknowledged racial injustice created huge disruptions in every part of our economy and social structures.

But that is, or can become, a good thing.

We are in a season of disruption. We are in a season of rebirth. The two have much in common.

Disruptions of this magnitude are the best opportunity we will ever have to make long needed structural changes. Because when the world is in chaos, people and organizations have to think differently to survive. Ideas that wouldn’t have been considered previously become solutions.

So here’s a quick overview of the 9 Leadership Intentioning Tools that will enable you to achieve your goals once you answer that #1 question for yourself:

The Self-Definitional Leadership Intentioning Tools

  • Uncover Yourself – what sets you apart is what gets you ahead, and the keys to your best future are already in your hands
  • Dream Up – if your dreams don’t scare you, they’re not big enough.
  • Believe in the Infinite Pie – when we use our power to build rather than rule over others, we learn that the more there is for everyone, the more there is to go around.

The Counterintuitive Leadership Intentioning Tools

  • Modulate Confidence – self-doubt can have a positive value.
  • Strike Your Own Damn Balance (and love your stress) – you get to choose what matters to you and reject the rest.
  • Build Social Capital – relationships are everything and will ultimately help you as much as educational qualifications or work experience.

The Systems Change Leadership Intentioning Tools

  • Be “Unreasonable” – sometimes you have to break the rules and invent new ones to get where you want to go.
  • Unpack Implicit Bias and Turn Its Effects on Its Head – you can make its effects your superpowers.
  • Clang Your Symbols – they create meaning, which brings others into the story, the most essential function of leadership.

I wish you great intentioning.

Bio: Gloria Feldt is the Co-Founder & President of Take The Lead: Breakthrough diversity and women’s leadership  solutions for individuals and companies, and author of Intentioning: Sex, Power, Pandemics, and How Women Will Take The Lead for (Everyone’s) Good. On her website, you can get her free workbook that accompanies the book and will help you answer your #1 question, get the most from these tools, and make a plan to achieve your highest and best intentions.

We’ve rounded up some of the most acute advice on elevating yourself to a leadership mindset, from the women leaders we’ve interviewed in our Voices of Experience leadership series this year.

1. Don’t Shy Away From Hard Truths

“To be a good leader, you need to be able to cheer your team on with all the good stuff. But to make changes and keep progressing, you also need to be willing to address the challenges and difficult matters,” notes Marcia Diaz of PGIM Real Estate. “I think people appreciate direct and honest feedback and ‘knowing where they stand.’”

2. Let Go of Certainty

“Women have a tendency to be very certainty driven, and they end up not taking as many risks and opportunities. It’s like that quote ‘doubt kills more dreams than failure ever will’,” says Monica Marquez of Beyond Barriers. “Women need to be much more open to taking the opportunity and embracing just-in-time learning, so they don’t rob themselves before they try.”

3. Keep Personal Fulfillment As a Priority

“Someone once told me that when your career takes off, something else is going to suffer. For a long time, I was convinced that you have to work very hard while other things would have to take a backseat,” says Anna de Jong of PGIM Fixed Income. “You are actually more successful when you understand what is really important to you and cultivate personal satisfaction, as well.”

4. Set Your Vision Ahead

“The more senior you get, the more you are responsible for steering and being able to see around the corner and anticipating the different challenges that you’ll face along the way,” says Katherine Stoller of Shearman & Sterling. “You get more experienced at identifying the problems you may be seeing tomorrow.”

5. Broaden Your Circle of Concern

“When I was subsequently promoted…I remember asking myself: am I willing to fight for my team, even to the extent that I may compromise my job? Am I willing to fight for my team for what is right?” say Geklang Lee of PGIM Real Estate, Asia-Pacific. “Only when I was prepared to do that, did I accept the role.”

6. Lead With the Space For Growth

“When you are hands on, you do things a certain way and tend to believe others should do it the same way. But people have different approaches, and it takes time to admit to yourself those approaches are fine, and so are the consequences,” says Silke Soennecken of Commerzbank New York. “You are supporting the growth of people by allowing them to also make mistakes. You’re going to support and guide them, but there’s purpose in delegating and giving others the opportunity to grow and shine in their own way.”

7. Don’t Just Manage, Inspire

“I would rather be a leader than manager. To be a good leader, you really do have to have a vision, a mission. I want people to feel inspired to get on board with what we’re doing and feel purpose and connection,” says Erika Karp of Pathstone. “Management is structural and systems and measures and accountability are critical. But I don’t love management as much as I love leadership.”

8. Model A Leadership that Gives Power Away

“One thing I learned through my community organizing training with Midwest Academy is this idea of leadership: that giving power away is how you grow a powerful movement,” says Caroline Samponaro of Lyft. “I focus on imparting that message to those I manage: how are we giving away power to build a strength of team and community that can be that much more successful?”

9. Know Your Network of Influence

“People often want to go directly to the key decision maker and say ‘get to know me’, but if you get to know the influencers of the key decision makers, you become an influencer in the organization as well,” says Natalie Tucker of Radioligand Therapy. “When joining an organization, this is a good first step for those who are more introverted and looking to quickly create positive impact on the business because you’re able to have honest dialogues on key matters. It’s about reading the organization, and learning about its people – not their title, but who they are, and their communication networks. Once you understand the communication network of an organization, you can navigate it well.”

10. Invite Being Challenged

“I’m completely open to, and actually encourage, my team telling me when I’m wrong. I invite them to convince me that I’m wrong. I love that!” says Grace Lee of S&P Global. “I want us to have the best ideas, and that’s only possible when we are all contributing, debating and challenging each other.”

11. Stay Grounded In Yourself

“Some people would say you shouldn’t necessarily point out or emphasize the difference,” reflects Nneka Orji of Morrinson Wealth Management UK,“but I think it was so helpful in terms of me knowing who I was and who I am, and being true to myself. Of course I wasn’t always as confident in this respect and I’ve grown a lot since, but being comfortable in your own skin, in terms of your own history and culture, is critical. As long as you know who you are, you know your motivations, your boundaries and you make decisions in line with these.”

12. Diversify Your Personal Board of Directors

“I realized the people I go to often are very similar to me, so when I go to them for advice, they’re probably going to give me what I want to hear,” says Leah Meehan of State Street. “So I have one person on my board who has been a friend for a long time, and he tells me ‘how it is’. He does not hold anything back, to the point it sometimes upsets me, but he’s helping me to move ahead; I need more of those people, to diversify my board.”

13. Stand Tall in Your Value

“The biggest thing I think I took away from mentors and coaches over the years was to learn to give a value to myself,” says Beverly Jo Slaughter of Wells Fargo Advisers. “External recognition is a wonderful thing, but we all have to learn to give recognition to ourselves, to recognize when we have done well, to celebrate our value and feel confident that we bring it to the table.”

14. Come From an Intrapreneurial Mindset

“So as I think of being an ‘intrapreneurial executive,’ I bring that same sense of acting like an owner to the organization I work for. I’m going to be constantly thinking about ways of improving the business,” says Linda Descano of Red Havas. “I act like I own it, as if it’s my investment. It’s working with that same sense of responsibility and drive to make it grow.”

15. Foster a Longterm Perspective

“It’s a long career and so easy to get wrapped up in the here and the now, especially when you start out,” says Emily Leitch of Shearman & Sterling. “But you really have to remember — when you feel overwhelmed, when you’re in a transaction and it’s all-consuming — you have to be able to ride those waves and think from a long-term perspective.”

By Aimee Hansen

women in l&dLearning and development (L&D) is an industry where women are considered to thrive, but that reputation is shockingly more substantiated by the abundant representation of women entering the field than the slimmer percentages in leadership roles. 

As leveraging L&D expertise becomes more critical to propelling women into senior roles amidst reskilling/upskilling demands across industries, can the L&D field address its own gender ratio flip at the leadership level?

Female-inclined Field, Same Leadership Gender Gaps

By the disproportionate numbers entering into the field, women are clearly drawn to leading on education. A recent survey showed that both education and human resources were among the top five areas for job satisfaction for women. Gallup research has previously found that women slightly outrank men on accepting and empathizing with others as well as being able to recognize and develop people’s potential, natural matches for the L&D field.

Training Industry research has also shown that women in traditionally “female” fields (such as L&D) are more likely to have access to training in strategy and negotiation, key leadership skills, relative to fields like tech or government—which makes what happens at the leadership level more astounding.

L&D is often housed in human resources, where women comprise over 70% of managers, but that’s an inaccurate reflection of L&D senior leadership composition.

As called out by #womeninlearning, a movement began by Sharon Claffey Kaliouby and co-founded with Kate Graham to amplify the voices of women in the L&D sector, research by Donald H Taylor revealed that the more senior you go in the US and UK, the more absent women are in L&D roles.

While support and entry level positions were 67% female and 33% male, this ratio flips entirely at the senior level—where leadership positions are 69% male and 31% female.

The gender advantage toward women already dissipates at mid-authority roles (51% male, 49% female) and practitioner roles (53% male, 47% female), where the split is equal but men become overrepresented versus entry level numbers.

Additionally, Namely found that women entering human resources made nearly 11% less than male counterparts, the gap widening around age 45. In organizational and industrial psychology, the gap was 17.7%. A salary and compensation report from the eLearning Guild in 2018 found that women beginning e-learning roles in their 20s start with a 6% pay gap, which increases to 20 percent at 60+ years. Men also received double the average bonus given to women, .5% higher raises, and 16% more average total compensation, despite women in the sample having higher education levels.

One survey of L&D professionals by Training Journal showed that one in four respondents felt outright discriminated against because of gender, many feeling penalized for being a working mother. Greater were the race disparities. Chief Learning Officer data has shown that only 9% of learning managers are Latino, 5.6% are black, and 2.2% are Asian.

Looking to L&D To Advance Women Across the Board

While the L&D industry’s reputation as a women-oriented field conceals its own perplexing gender leadership gap, the industry is itself being heralded to lead the way on recovering lost ground on gender equality and making advances.

Amidst the vast and disproportional hit that Covid-19 pandemic response measures have had on displacing and exasperating disadvantage for women in the workforce, online learning is being championed as a primary ally in returning opportunity to and empowering women in professional roles.

“It is only when they have access to quality information and ways to decipher it that women can march ahead towards leadership roles in organisations,” writes Dr. S.K Nigam in HERSTORY. “And sectors like Corporate Learning and Development have a huge role to play in this.”

Training Zone in the UK observed that from the beginning of the first lockdown in March 2020, “the number of women enrolling in online courses tripled, with a 250% year-on-year increase in female enrollments across our business and management courses.”

Training Zone also found that since the pandemic, 75% of US employers are more likely to hire people with online education.

In addition to “seeing more women taking the initiative in using online learning to combat the impacts of the pandemic on their careers,” the organization emphasize that organizations need to assume this responsibility too.

A D2L survey reported an awareness gap around training resources: only 48 percent of women reported having access to online learning platforms at their company. But according to Nigam, an international survey indicated that among a sample of 300 companies, 59% reported they ran women-specific learning and development programs, the number going up to 79% among large enterprises.

Upskilling/Reskilling Demands are Elevating L&D’s Profile

Writing in Chief Learning Officer, Amy Borsetti, senior director at LinkedIn Learning Solutions, points to the LinkedIn Learning’s “2021 Workplace Learning Report” to affirm that “L&D is well-positioned to have a long-term, elevated role within organizations today, from promoting internal mobility to actively creating a more inclusive and equitable workforce.”

“One thing this year has made clear is that skills are the new currency in the workplace,” write Borsetti, later continuing, “From an organizational standpoint, creating a culture of continuous learning is a competitive advantage. Those organizations that seize the moment, and get this right, have a higher likelihood to outpace their competitors. It’s not just about learning itself — it’s about the outcomes.”

Whereas being seated in HR has arguably distanced L&D from the core business value and strategy discussions, Borsetti argues that the C-Suite has never been more actively engaged than it is right now. The LinkedIn Learning report found that over half of the 1,260 L&D professionals surveyed felt that L&D is evolving in prioritization from a “nice to have” to a “need to have.” And 63% of L&D professionals reported having a seat at the C-Suite table, a 27% lift within one year.

As Borsetti puts it in Chief Learning Officer, “The reality is, the shelf life of learning programs is shortening at the same or faster clip than the shelf life of jobs.”

The acceleration of pandemic response-correlated disruption, such as displacement and job creation from automation and the more autonomous work-from-home office, has made ongoing reskilling/upskilling both individual and organizational agendas. Meanwhile, attaining microcredentials and refining essential soft skills are on the rise too.

The report found upskilling/reskilling were the top priorities for L&D professionals in 2021, especially internal mobility: “The conditions have never been more right to prioritize skill development as the new corporate currency, level the playing field, create a more equitable workplace and achieve business results that wouldn’t be possible otherwise,” notes Borsetti.

But the question is not only what is needed, but how it should be done. What is garnering attention is exactly how L&D structure, content and approaches evolve to meet the current context in which education must engage, much of which was not considered amidst the whiplash reactivity to online education brought on by the pandemic.

Dr. Rumeet Billan, Chief Learning Architect at Viewpoint Leadership Inc, observes: “We continued to perpetuate our traditional understanding of what L&D is supposed to look like, instead of what learning is supposed to feel like.”

L&D professionals are speaking to how learning is evolving towards being more accessible and customized, self-driven and on-demand, context-relevant, bite-sized, blended, flexible, on-going and more akin in interaction to everyday work activities.

“Transformative learning is an art. Designing a training session is choreography – it’s a sequence that makes the learner reflect, feel, and draw connections that are applicable and practical to them. It’s an experience,” says Billan, who also adds: “The future of learning should look and feel different. We should be intentionally redefining the traditional notion of L&D, how we design and deliver content, and how a learner experiences training and development.”

Can L&D Lead its own Gender Equality Change?

“…I do believe what we’re doing here is opening people’s eyes. Once you see the imbalance, it becomes almost impossible to unsee it,” notes Kate Graham, co-founder of #womeninlearning. “Just look at the speaker line-up of any conference and you can instantly see if that organisation is paying any heed to gender balance and the voices of women.”

So as L&D rises in position in the C-Suite’s vision agenda and increasingly focuses on the learner experience to shape the design and delivery of learning, what kind of experience will be created for the women aspiring to rise to leadership in this very field?

By: Aimee Hansen

Laura Ansloos“Training is very heavily criticized for its return on investment. Well, why is that?” asks Laura Ansloos. “What happens when the whole picture is not taken into account before training is deemed to be the answer to the problem? What may be working against training within an organization? What are the other forces at play within organizations that drive behavior change, or impact on individual’s performance?”

She continues, “Going down the trajectory of organizational psychology has given me the words to articulate these matters with my clients, help them see the plurality of some of the issues they are dealing with and to find ways to move forward.”

Ansloos talks about her passion for behavioral economics & organizational psychology, how the training issue is often a failure to diagnose the problem and why L&D truly belongs both at the leadership table and in problem-solving teams.

Reclaiming Her Own Trajectory

As often happens when you step on a certain track, the track can begin to take you along it—until you find yourself at the top of a trajectory you never set out for.

With a degree in biochemistry from McMaster University in Canada, Ansloos did not identify with the idea she held of being a scientist in a lab, so ended up pursuing medical communications, a specialist service within public relations and advertising that works with mostly pharmaceutical clients. She quickly fell into client management, gaining higher profile roles and bigger clients in little time and moving up through the business development and commercial leadership route.

Ansloos moved towards the e-learning industry by joining a leading learning solutions firm, Epic, where she managed multi-sector client portfolios such as Civil Service in the UK, Burberry, Diageo, Barclays Bank, EasyJet, and British Airways, helping them transform their internal learning & development offerings towards digital. Soon enough, and amidst a merger, she was Managing Director EMEA of LEO Learning.

“I reached what would be considered a pinnacle if you’re working in a client services career trajectory. But I didn’t love it,” she admits. “I remember always saying that I never want to be responsible for the money, but that’s the trust you build. That’s how it went and where it went to.”

Ansloos wanted to gravitate towards her passion of being more “hands on” with problem-solving around her client’s people and performance matters, and further away from managing the provision of services to clients. She’s been making progress in that direction by leading consulting on workplace learning and performance strategy with Ogilvy Health, heading up the Ogilvy Health UK company apio, and is currently attaining her Masters in Organizational Psychology at Birkbeck, University of London to go further.

Through the depth and breadth of her experiences in management, she’s developed an acute, insightful overview of why training is often set up to fail. Now she seeks to bridge her management and leadership background with adult learning, behavioral science and psychology to create meaningful behavior change intervention in the workplace.

The Missing Diagnostic: Is It Really a Training Problem?

As a new manager with a team of 25 direct reports, reading The Five Dysfunctions of a Team nearly 15 years ago is what first ignited Ansloos’ fascination in understanding behavioral motivation, the psychology of management and leading change. She then became interested in behavioral economics, with popular books like Thinking, Fast and Slow, Predictably Irrational and also Inside the Nudge Unit, which explores how the UK government uses behavioral economics.

“I was reading all this stuff and thinking, why don’t we use this in organizations? Why is this thinking not there?” she wondered, which led her to another question: “Why does training have such a bad reputation? Why is it so often ineffective?”

Ansloos points to the value of using behavioral science insights to inform interventions in individual performance or behavior change in the workplace. For example, we are more motivated by the fear of loss, due to its emotional impact, than we are by gain (prospect theory). We also have a tendency to do as others do, particularly if we identify with them (so called social norms). Armed with these sorts of insights, one can expose hidden opportunities to influence behavior change in the workplace.

For example, she was asked by a client to help provide an educational piece to their leadership team on the value of strategic partnerships. They needed their leadership’s advocacy and support, otherwise the rest of the organization would not understand why partnerships were needed. The challenge was that those partnerships were not yet delivering immediate or tangible commercial gains and came with risk, and so their value was being questioned and “ears and minds of leaders were closing”.

Ultimately, Ansloos and her team used psychology and behavioral science to frame interventions. They set out a value proposition for partnerships using a loss aversion frame: without partnerships, the future leadership position of the organization as an innovator was at risk. They used social/occupational norms and commitment devices to encourage leaders to go public to their peers and share their personal story on what convinced them to “give partnerships a chance to shine” and ask their peers to do the same. While the brief started with an educational request, the team ultimately intervened with psychology to reframe partnerships not as a long term gain but as a way to avoid material losses, and ensured that giving partnerships a chance was “the done thing” among leaders.

Bridging the Gap

Observing that small changes play a huge role in creating significant performance results, Ansloos sees more opportunity to bridge the gap between psychology and management: “Because I’m not an academic, I have that opportunity to help bridge the gap, because it is missing and it’s a very under-tapped area in organizations. We need that expertise of organizational psychology to help widen the lens of the relationship between people and work.”

The big “miss” she sees in L&D is the too often absence of diagnostics around the problem itself. Often organizations leap frog to training as a reflex. But if the issue is not a training (capability) problem to begin with, training will not solve anything.

Ansloos loves the simple and academically grounded COM-B model that says behavior results from capability, opportunity and motivation: “Using this kind of diagnostic lens you say, ‘this is the problem that the business is having, but we first need to see if it’s a capability issue, an opportunity issue or a motivational issue – and then design our interventions accordingly.”

She gives the example of R&D lab scientists in a pharmaceutical company who weren’t filling out timesheets that financial regulators required: “The organization just wanted to implement training on the time sheeting system. But by taking a behavioral lens, we helped them to understand that they didn’t have a knowledge deficit issue that scientists didn’t know how to timesheet. They had a motivational deficit because R&D scientists don’t see it as their job to be commercial entities.”

Rather than training on timesheet completion, which would never have helped, they did psychology-based nudge interventions, like making the task both simple and social, so that scientists witnessed each other doing it and followed along, using the social notion of the ‘in-group’.

“A progressive organization values and understands the mindset of always learning and has the ability to evaluate its systems, its own psychology, its policies, wider society and the expectations it operates within,” observes Ansloos. “It can diagnose what its issues are and where and when training or learning strategy is needed, and what other behavioral interventions may be best required to help solve problems, make better decisions or fulfill individual potential.”

L&D Belongs Across & Within Teams

“Having been in management roles for so long, I know how important it is to get these things right and how much it can bring to the table, so I really believe in this work,” says Ansloos. “I can explain things in a way that is easier to understand and relatable.”

She has been honing her ability to question accepted knowledge, not just relying on status quo but being willing to step back and ask ‘why are we doing it this way’.

This kind of critical thinking is often missing in organizations— this fear to challenge, or to ask a question in the spirit of actually trying to get to a better place,” says Ansloos.

She feels that L&D suffers from being a subset of Human Resources, which is female-dominated but with far too few seats at the leadership table. This is why the notion of the Chief Learning Officer comes in: “Learning is so central for individuals and the organization. Why isn’t it given a more strategic or louder voice in the leadership part of business?”

Ansloos notes HR is perceived as being less strategically tied to business or adding less value, so L&D gets these associations too: “But re-skilling is the number one priority for most CEOs or leaders at the moment. Well, that is learning and development.”

In her years of experience as a learning consultant, she has been surprised to find she is only working with the marketing teams on the client side, with a limited base of learning as extensive as knowing what their predecessor did.

“L&D should be across and integrated into all functional areas of a business. It shouldn’t be departmentalized,” notes Ansloos. “Training is often the first thing to be blamed, so it needs a competency and understanding that is centered and situated within teams that have a broader understanding of when, why and how training is effective.”

Asking Why

With one year to go in her organizational psychology degree, a wife and two children of seven and five years old, Ansloos keeps very busy these days.

In her children, she witnesses the ability to center themselves, question why things are how they are and challenge assumptions—and she plans to keep on encouraging it and learning from them, too.

By Aimee Hansen

neurodiversityRoben Dunkin, chief operations and innovation officer at PGIM, talks about the importance of neurodiversity in creating a culture of innovation in the workplace.

A Lesson From Mom

When she was just a little girl, Roben Dunkin received one of the biggest lessons that would later help shape her nearly three decades in the finance industry, most recently as chief operations and innovation officer at PGIM, the $1.5 trillion asset management business of Prudential Financial Inc. It was a lesson she learned from her mother, a teacher at a school for children on the autism spectrum. Meeting the children her mother worked with and seeing how she related to them was eye opening.

“The autism spectrum is such a broad range of so many different ways the brain works,” Dunkin says. “I could see my mom’s frustration, because the ability to communicate for some of these kids wasn’t there. But at the same time, I saw her compassion and patience. She found a way to understand what each one of them needed and she found a way to get through. She never gave up on anyone.”

That experience was something that stuck with her as she began her career in finance at Lehman Brothers, where she rose to global head of sales and investment banking technology.

“What I learned from my mom actually makes me a good manager—having that patience, and really trying to understand the different levels of how people communicate with each other,” Dunkin says. “It’s not just people with autism, everyone is so different and kind of quirky in their own way. Within my own family, we have a lot of dyslexia and ADHD. When you grow up with that around you, you learn that some people need extra time and attention to bring out their best. And their best might astound you. Not everyone understands that. They think if someone has one of those conditions, they’re not smart, or they’re not good enough.”

After Lehman’s failure in the financial crisis, Dunkin joined Credit Suisse and became a leader in the firm’s technology organization. In a position to influence the company’s talent strategy, she set her sights on changing management’s perception of what traits made a valuable employee.

The Great Untapped Population

“Everyone seems to understand now how important diversity is to a company, but too often, they overlook a large part of our population that is truly underserved, but also incredibly talented—one that crosses, race, religion, gender, sexual orientation and national origin,” Dunkin says. “People across the neurodiverse spectrum, which includes everything from Asperger’s and autism to ADHD and dyslexia, have to face a stigma. Their levels of unemployment are quite higher than the general population—as high as 80%.”

And yet, Dunkin points out, even if someone doesn’t have any of these conditions, they almost certainly know someone who does.

“Earlier in my career, one of my peers had a son who had Asperger’s syndrome and couldn’t get a job. And we talked about how so many people who are on the spectrum, their brains think differently—sometimes they can see patterns other people can’t, they go about solving problems differently, and that can be a good thing. We started just kind of brainstorming, asking, ‘What can we do about this?’”

The idea that Dunkin and her colleague eventually developed was to actively seek out neurodiverse individuals for a pilot program in data science—specifically, to identify anomalies in data surrounding trade fails. Trade fails can happen when there are mistakes in processing or mismatched information, and they can be a costly problem for a firm. One of the goals of Roben’s team was to discover if there were particular clients, types of trades, or other patterns that would help them identify where problems might occur. While AI and machine learning could parse huge amounts of data, the computers had their limitations. There were still reams of data to filter out.

Participants in the pilot program, as it turned out, were quick to find patterns others had missed. “They were able to look at the data and pinpoint the issue, pinpoint the problem. They had the ability to redirect the technology to ask the right questions. That’s such a specific skill set that most of us really have to learn. There seemed to be an innate ability in some of the people that we were working with to be able to do that,” Dunkin says. “It was just really impressive the amount of positive feedback that we got from people working with the individuals in the pilot program. And those participants—they were so thrilled to be employed and really contribute. It was so rewarding on so many levels.”

Dunkin doesn’t want to make it sound simple, because it isn’t. A lot of legwork went into making sure the program was set up for success.

The Right Goals, The Right People, The Right Projects

It’s the same work Dunkin is putting in now to establish the neurodiversity program at PGIM, with one big difference.

“We’re not looking to narrowly focus this on one area of the business,” Dunkin says. “Individuals on the spectrum have skills and interests that are just as diverse as their neurotypical peers, and we see this as something we want all our asset managers to be involved in and benefit from.”

That begins with a firm commitment from the top.

“Neurodiversity can be a very emotional topic,” Dunkin says. “Recently we had a panel with many of our senior leaders at PGIM, some with children who are on the spectrum, even leaders who identify as neurodiverse themselves. The head of our largest asset management business spoke at length about his two sons who have autism. We had hundreds of employees attend and it was game changing for a lot of people who were able to put their hand up and self-identify. We broke through a lot of walls.”

Secondly, for a neurodiversity program to succeed, managers need to be trained and prepared to work with individuals who may miss social cues. Those managers need to be clear about expectations and literal about tasks.

“Cues and signals that we might expect would be normal are not normal for a lot of people on the spectrum. So you have to ask questions differently—you have to be more nuanced, and can’t worry about body language and eye contact. Job interviewers and managers should be able to understand how to engage with people differently,” Dunkin says. “It’s important to learn where someone is on the spectrum and understand how to help them thrive and deliver their very best. Do they feel more comfortable emailing, do they not do well in a group setting? You want to always be learning how you can give and receive feedback so you can course correct relatively quickly.”

The remote work environment brought on by the pandemic has added to this challenge.

“In some cases, if you talk to some of the people who are on the spectrum, they’re loving remote work, because they don’t have to interact with people in person,” Dunkin says. “At the same time, for a manager, it makes it even more difficult to engage with that individual and make sure they feel included.”

Finally, Dunkin says you need to connect individuals with the right projects, with a clear business case and business value.

“You can’t necessarily put someone on a trading desk environment, but you can put someone on in a data science role. So it’s being very clear about matching the person and the right skill set with the right job and being really explicit about what you’re aiming to accomplish,” Dunkin says.

Why all this matters

“The financial services industry is struggling to hold onto talent,” Dunkin says. “And here is a talent pool that is able and willing to work, and has skills to contribute in the right roles.”

Her prior experience tells her the effort is worth it.

“It’s hard to find data scientists—you can’t train them fast enough. And we know there’s high attrition rates in data science—when you train them, they leave. But our neurodiverse employees in the pilot program were super loyal. We built a team of data scientists from scratch who were able to help us leapfrog ahead quite drastically to meet our goals. We’d done right by them, we gave them a chance, and they rewarded us by staying with the company.”

Dunkin believes that attention paid to neurodiversity in an organization has a much wider impact on company culture, leading to better outcomes for all employees.

“The pandemic has been a very challenging time,” she says. “We’re all uncomfortable, we’re all re-learning how to interact with each other, we’re all working differently. We all need compassion and patience. If we’re not using this moment to identify talented individuals inside and outside our organizations and do what we need to do to support them, then we’re wasting a golden opportunity.”

Emily Leitch “Early in my law career, I felt like there was an established hierarchy and I was hesitant to speak out of turn. I wish I’d broken that notion sooner and had more confidence in my own voice,” reflects Emily Leitch. For sure, respect is earned along the way, but I love seeing the confidence of the incoming female associates today and value their insights. I hope I had a small hand in creating more open dialogue for future generations.”

Leitch speaks to staying focused on your path, leveraging your unique presence and sustaining yourself through the long Big Law journey.

Gravitating Towards Capital Markets

Leitch began in investment banking out of college before deciding to attend University of Texas School of Law after two years. Exploring both securities and mergers and acquisitions (M&A), she felt more magnetized to becoming an expert in capital markets.

“I love that we get to interact with the heart of leadership of the company, and to hear not only about the transaction, but also their strategies and their business,” she says. “You come to know and understand the company’s business, so that you can describe it properly to investors, and ascertain the potential risks and opportunities.”

Not only does Leitch enjoy the high profile client interaction and broad business exposure, but because the intense transactional periods are often accorded in timing to SEC deadlines, she also feels the overall flow is less volatile than the peaks and valleys of M&A law.

Reflecting back, she was probably most surprised to realize how rules-based and regulatory in nature the practice is, which means constantly keeping up with changes in laws and regulations that come with different administrations and different agendas.

Joining Shearman in February, she loves that there’s always more growth and a new challenge: “This is not a career where you’re learning curve ever really flattens. It’s always on an upward trajectory and constantly being engaged intellectually has been something I really enjoy. And the people that I get to work with and am surrounded by — the associates, partners, clients — are all smart, motivated, wonderful, and well-rounded people.”

Staying Attuned To Your Own Development

“As a young associate, you hear ‘so and so billed this many hours’, ‘so and so got to work on that transaction’, and people can get really wrapped up in the competitive nature of it. But from the start of my career, I was pretty good at tuning out that noise,” reflects Leitch on what has contributed to her personal success: “I was good at keeping my head down, doing good work that I was proud of, and walking into the office every day thinking, ‘I’m going to do the very best I can do’.”

Making partner at just eight years and named by Law360 in 2017 as one of the top five lawyers nationally under 40 in the area of capital markets, her focus on her own work has served her well.

“I’m a good team player, so people generally like working with me. I think being naturally social has also helped a lot, as my network is really wide. I enjoy taking part in organizations and leadership teams and committees — from the legal profession to church to school — which also helps me keep some context in this industry,” notes Leitch. “As you grow in this business, it becomes so relationship-driven.”

She’s often heard the reflection that she is high energy, confident and strong, even when she hasn’t exactly felt that way — especially when she was juggling young children with returning to work.

A highly memorable moment of her journey was when, with two babies at home, she had reached a breaking point and was ready to side-shift to any kind of less demanding peripheral position. While informing Leitch that she just short of making partner, a head of her department encouraged her to hold on through the difficult phase and keep the course, and the team just needed to give her the support she needed.

“I’m so glad I held on, because when you make partner in this industry, it opens a lot more doors. If I had gone all that way to stop right before that finish line, my career would be totally different, and I wouldn’t be where I am today,” reflects Leitch. “But sometimes, as women you just you need that support. You need to vent to somebody or say I can’t do this. She was able to really help me through that, and I remember because it was absolutely career-defining.”

Leveraging Your Presence in The Room

While there have been many female associates across firms she’s worked in, Leitch has often been the only female partner in the room or even only woman at all, considering she works a lot with investment bankers, but notes that she didn’t use to notice it and has rarely focused on it — somehow seeing mostly male faces on Zoom has made it more salient.

“It’s not something that I’ve considered a bad thing, and frankly, I’ve probably considered it an asset and used that as an opportunity to stand out,” says Leitch. “I’ve been fortunate along my career to work with very supportive men, who are supportive of women and have helped me develop my career tremendously.”

While it might not be at a conscious level, Leitch is aware that even her presence in the room commands noticing, and feels perhaps that has empowered her to value and use her voice and her ability to influence.

“People see me as a female leader, and I think younger female associates have always looked up to me as a trailblazer in a sense,” she observes. “I’ve never really thought of myself that way: I just did my best work along the way and didn’t care if I was a man or a woman or who I was working with, but it’s nice to help bring other women up behind me.”

Remember It’s a Long Career Journey

“If I could go back and change one thing, it would be to ask more questions and to have more confidence approaching senior people,” says Leitch. “When I was the junior associate, I’d try to figure it out on my own or go to another associate.”

With the value of hindsight, she intentionally tries to be approachable and open.

Leitch has also learned through experience, and impresses upon associates, that while every transaction may feel like a dead sprint, it’s important to remember you’re in it for the marathon.

“It’s a long career and so easy to get wrapped up in the here and the now, especially when you start out,” she notes. “But you really have to remember — when you feel overwhelmed, when you’re in a transaction and it’s all-consuming — you have to be able to ride those waves and think from a long-term perspective.”

With time, she’s learned where to give it her all, which she often has, and where to put her boundaries up and give focus where it’s needed now, to make work-life integration work for her.

“Some days work has to come first. Some days, children have to come first. Some days my husband has to come first,” says Leitch. “We’re all balancing things in our lives, and the longer you do it, the more you instinctively know where the ball cannot be dropped that day.”

Leitch has enjoyed the opportunity to pick her nine year old son and seven year old daughter up from school everyday, as a result of the remote workplace. Much of her personal time is spent engaging in what excites them — from Astros’ baseball games to Tik Tok dance videos.

She’s all about her Peloton at the moment (a pandemic purchase) and as a creative outlet to her highly mental vocation, she feeds her life-long affection for theatre, finding pocketed opportunities to perform, including playful covers of Lady Gaga, Whitney Houston, Vanilla Ice and MC Hammer at Teacher Appreciation Days at her kids’ schools. With a mix of fun, family and a successful legal career, ‘you can’t touch her’.

By: Aimee Hansen

burnoutFirst, let’s get one thing straight: burnout is not an individual problem; it’s an organizational problem that requires an organizational solution. Self-care has been the prevention strategy du jour for decades. And yet burnout is on the rise. Why? Because we’re ignoring the systemic and institutional factors that are the real causes of burnout – things like workload, lack of control, poor relationships, and other root causes that cannot be solved with yoga and vacation time.

If you are feeling burned out, know that it’s not your fault. But focusing on what we can do to help ourselves is the part we can control in a world full of the uncontrollable. And if you happen to exhibit one of the following personality traits, you are more prone to burnout.

Neuroticism

Neuroticism is one of the “big five” higher-order personality traits in the study of psychology. If you dig into the definition, it makes sense that this trait correlates to higher rates of burnout. Individuals who score high on the neuroticism scales are more likely than average to be moody and to experience such feelings as anxiety, worry, fear, anger, frustration, envy, jealousy, guilt, depressed mood, and loneliness. People who are neurotic respond worse to stressors and are more likely to interpret ordinary situations as threatening and minor frustrations as hopelessly difficult.

In her 2018 dissertation, “The Relationship Between Big Five Personality Traits and Burnout: A Study Among Correctional Personnel,” Sharon Maylor of Walden University found that neuroticism was the only personality trait that was associated with all three dimensions of burnout.

Conversely, it’s important to see the value in this personality type. We tend to give personality traits like these a bad rap, but there are upsides. People with the neuroticism trait tend to be:

  • Highly analytical and hyperaware of threats or dangers
  • Cautious and less likely to make impulsive decisions
  • More accountable and will take personal responsibility for errors

There are obvious potential benefits to tending toward neuroticism on the team, but you need to be mindful of the downside to avoid burnout.

Introversion

It is a myth that introverts fear or dislike others and are shy and lonely. This is not the case. They simply have nervous systems more suited to spending time in a calm environment with one or a few friends.

Although their nervous systems may be dissimilar to those of extroverts, that doesn’t mean that introverts aren’t just as effective. “Extroverts are routinely chosen for leadership positions and introverts are looked over, although introverts often deliver better outcomes. They’re not perceived as leadership material,” says Susan Cain, bestselling author of Quiet: The Power of Introverts in a World That Can’t Stop Talking, and a frequent speaker on introversion and extroversion in the workplace.

According to Cain’s research, the power of introverts can be identified in the following behaviors. They:

  • Tend to be more productive than extroverts and less likely to become distracted
  • Explore subjects in more depth
  • Are great listeners, which helps them in problem-solving scenarios
  • Are often creators; writers and artists are more likely to identify as introverted
  • Have a strong capacity for empathy
  • Are moderators and can calm stressful situations
  • Are more cautious and better at managing risk

However, since the physical office can be a highly social place, research suggests that introverted people are at greater risk of developing burnout than extroverted people.

Introverts working virtually in most situations, minus a global lockdown, are removed from the noise, the hustle and bustle of a buzzing office, the potential disruptions that cause a lack of psychological safety, and the pressure to conform to those office norms. What if we made workplaces free of these kinds of strain?

Just ask Cain, who shared in our interview, “The best workspaces allow people to move freely between solo and shared spaces. Sometimes we want to work alone. Sometimes we crave company. Sometimes we want both of these things in the space of a single morning. Why not design around these natural preferences? Radically open office plans don’t actually increase collaboration or decrease loneliness. On the contrary, they create giant rooms full of worker bees wearing headphones.”

Perfectionism

If you’re prone to perfectionism—specifically, perfectionism concerns— you run a high risk of burning out. Broadly defined, perfectionism is a combination of exceedingly high standards and a preoccupation with extreme self-critical evaluation. Scientists Joachim Stoeber from the University of Kent discovered that our desire and subsequent efforts to achieve perfectionism are acceptable as long as we can emotionally handle scenarios when we don’t achieve it. When we start to believe that everything we do must be perfect and anything less means a failure, or that others may judge us as a failure, then this becomes detrimental to our mental health.

Someone who struggles with perfectionist concerns may exhibit the following traits:

  • Maintaining a rigid self-evaluative style that looks at events in all- or-nothing terms, for example, you’re either a winner or a loser.
  • Overgeneralizing negative events by making a rule after a single event or a series of coincidences. For example, someone is passed over for a promotion, and the narrative is now, “I will never move up in this company.” These “always” or “never” statements frequently appear in a perfectionist’s vocabulary.
  • Ruminating about past failures. Being unable to let go of mistakes and assuming they will come up again in the future.
  • Having a strong need for self-validation, for example, always questioning their self-worth. In some situations, they will subconsciously seek out ways to prove they are “right.” They believe their self-worth is constantly threatened.

According to researchers Andrew Hill and Thomas Curran in their article “Multidimensional Perfectionism and Burnout: A Meta- Analysis,” “Perfectionistic concerns are associated with considerable strain that render individuals vulnerable to the accrual of stress and subsequent burnout. In summarizing current understanding of the perfectionism–burnout relationship, then, it is the harsh self-evaluative processes central to perfectionistic concerns that are understood to fuel the perfectionism–burnout relationship, rather than perfectionistic strivings.”

Authors Mick Oreskovich and James Anderson suggest that we need to consider the following, if we experience perfectionist concerns:

  1. Identify the difference between power versus powerlessness over people, places, things, and situations; if we stop trying to control everything, we will find more joy. It may be a challenge to surrender, but it is necessary to prevent burnout.
  2. Understand the differences between self-knowledge and self-awareness (self-knowledge is what we believe to be true about ourselves; self-awareness is seeing ourselves as others see us). These insights are rarely the same yet are equally important.
  3. Accept help.
  4. Take care of ourselves so that we can take care of others.

Jennifer Moss is an award-winning journalist, author, and international public speaker. She is a nationally syndicated radio columnist, reporting on topics related to happiness and workplace well-being. She is the author of THE BURNOUT EPIDEMIC: The Rise of Chronic Stress and How We Can Fix It.

{Reprinted by permission of Harvard Business Review Press. Excerpted from The Burnout Epidemic: The Rise of Chronic Stress and How We Can Fix It by Jennifer Moss. Copyright 2021 Jennifer Moss. All rights reserved.}

Marcia Diaz “Wherever you are, get the best experience, keep developing your skills, and keep networking. Whenever you’re asked to do something, make sure you do it well,” says Marcia Diaz. “You’re creating your brand. Whatever happens next, make sure someone will want to pick you to be on their team.”

Diaz speaks to unexpected opportunities in the right moment, making both your work and your ambitions known, leveraging your position and the value in sometimes asking forgiveness rather than permission.

When One Door Closes, Another Opens (Again!)

What at first appears as a stable and steady thirty-year stint of experience in commercial real estate financial services with PGIM Real Estate was actually a little touch-and-go in moments of Diaz’s journey.

Beginning in retail and then obtaining her MBA at UC Berkeley, Diaz joined the Prudential Realty Group, following the track of getting initial experience at a big institution–to “see as many deals as possible, learn the fundamentals, and get some good grounding”–before planning to go onto work at a real estate developer.

Less than a year after starting as a junior loan officer, the market turned and she found herself working on foreclosures: “Pretty quickly, I was put in a totally different position than I thought I was going to be in, and it was so much more adversarial than the sales side. But I tell people it was like medicine. At the time, I didn’t like it, but it was the best learning experience for a new person in real estate–you learn all the things that can go wrong and you really come to understand the loan documents.”

A few years later, Diaz got into the heart of real estate, moving over to an asset management role and working on mega deals in LA and San Francisco. But as Prudential prepared to go public, the strategy included selling off the major assets she’d been working on.

Just as she had chosen a severance option, she received an invitation to join real estate investment banking in Prudential Securities. For three years, she gained experience in capital markets and M&A, though it felt too far removed from real estate to her. That’s when the head office decided to close down the investment banking group, and she received her second severance package.

As she pondered what was next, she received a second unexpected call, again from within the greater company. This time the offer was to head up the re-opening of the LA real estate office. She would be building and hiring her team and working with multifamily agency products. Since accepting, Diaz has remained on the debt side in originations in the LA office.

“It’s a been a very dynamic company with lots of changes and new opportunities – loan originations, dispositions, asset management, investment banking,” summarizes Diaz. “Every time I got comfortable in one of my roles, some new opportunity and challenge came up where I moved to a different role, and that’s kept me here.”

Real Estate Holds a Story


Diaz enjoys how approachable and tangible real estate is when it comes to the often abstract world of finance. She loves the story that is behind each asset: “Every property is so different and every one has a story. Even after thirty years, my favorite thing is still to go to a new market and hear the story from the developer and the owner and why they’re excited about it.”

“These people are such experts. They tell you why this specific corner is better than that corner and why they’ve laid out the development the way they have.”

Beyond the West Coast, she’s been able to explore London, Mexico and other new markets to feed her passion.

Do Your Best Work, But Also Make it Known

“My parents instilled in me that the only thing you can control is yourself and what you do, so make sure whatever you’re doing, you excel in it,” says Diaz, which she remembers applying even to the most meticulous of tasks in her retail days. “Focus on your performance and whatever you are doing, do your very best work and a lot falls into place.”

Diaz accredits her insistence on showing up with her best effort as to why her name was twice spoken for new opportunities in different parts of the organization. At the same time, Diaz learned that doing your best work is only half the equation. What came less naturally for her was self-promotion, as well as being direct and assertive about what she wanted and where she wanted to go. 

“During my career, there have been some people who I felt maybe weren’t as qualified as I was, but made it known what they wanted to do–whether a new responsibility or promotion–and I watched it happen for them,” she notes. “I learned you can’t just wait for things to happen. You’ve got to make them happen. Talk to your boss, raise your hand for opportunities, make sure people know what you’re interested in. Don’t let them just assume you’re happy to stay where you are.”

Diaz feels as though her networking was often by default. While that contributed to her opportunity offers, she could have benefited from doing even more: “Start your networking early on, and be proactive, strategic and disciplined about it. This business is so much about contacts and relationships and how you help each other out and refer business.”

Leverage Being Memorable in the Room

Having been in the organization for three decades, from the days when the boys club was shockingly overt at moments, through a time of greater social maturing, Diaz has often been the only woman at the working social event, meeting table or competitive pitch.

But generally recalling the notion of being around the table with twelve men, all dressed similarly and with similar names, it never escaped Diaz that while she was trying to remember “who was who” amongst them, she herself stood out.

So while it can be very intimidating, and Diaz jokes it would help if she was a golfer, she also has chosen to make standing out as a woman work for her, as opposed to seeing it as inhibiting her.

“When I was marketing to borrowers and brokers, I could be competing with five other guys (lenders) who had been in their office that day, but they’re going to remember Marcia. So I tell junior female team members to take advantage of that, but to remember you also must be clear and compelling in your pitch.”

Speak Truthfully and Directly

Diaz feels she has gained respect and trust as someone who will tell the truth, even when it’s difficult or controversial.

“To be a good leader, you need to be able to cheer your team on with all the good stuff. But to make changes and keep progressing, you also need to be willing to address the challenges and difficult matters,” notes Diaz. “I think people appreciate direct and honest feedback and ‘knowing where they stand.’”

Diaz observes that it’s far kinder to be truthful and direct even in critical feedback and to give someone the opportunity to receive and address it, rather than to avoid that conversation until it’s too late.

Grooming and developing talent has become a bigger aspect of her daily life the more senior she has become and is now the most important part of her position. From watching new hires rise to senior positions over decades with her, to understanding the dreams of university student mentees, it’s what she finds most gratifying in the work.

Ask Forgiveness, Not Permission (Sometimes)

As someone who identifies as a “rule follower,” Diaz has had a few successful, dynamic movers and shakers in her journey that passed on an important message: sometimes you just gotta ask for forgiveness, not permission. While taken to the extreme, it may become reckless, she sees the value in being willing to take some informed risk.

“The notion is that when you know things are right, you gotta go with it, especially in the world of transactions,” says Diaz. “That sticks with me, because I think that sometimes you need to have the confidence to recognize you have enough world experience and just go with it.”

As one of her retail bosses early on taught her, ultimately no one else is as close to your business or can tell you what’s best for it.

With so many unexpected twists and turns in her own journey, Diaz also emphasizes to her mentees that there are many things out of your control, so put your energy into doing your best where you are now.

So much of her professional fulfillment comes from in-person social interaction that Diaz awaits the day she can return to the field and hear more real estate stories directly.

She has already combined her love of tennis and travel by attending both Wimbledon and the US Open and would love to travel to France or Australia next to do the same. She grew up on the West Coast as a Pac-12 girl and loves college football season.

By: Aimee Hansen