Evolved Employer

A Better Workplace


Diversity, Gender

Ambition and Flexibility: Not Mutually Exclusive


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By Melissa Anderson

Recently More Magazine released the results of a survey on ambition, work/life issues, and other topics. According to the survey of 500 college educated women over 35, 43% of respondents said they were less ambitious now than they were ten years ago.

The headline that many news outlets and websites ran with was along the lines of “Women are Losing Ambition.”

Well, not exactly.

In fact, the survey revealed quite the opposite. Because, while 43% of the survey respondents said they were less ambitious now than they were ten years ago, the majority (57%) said they were just as or more ambitious today.

Generations

Are Millennials Ready to Lead?


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By Melissa J. Anderson

Recently the Boston College Center for Work & Family released an executive news brief [PDF] on the topic of Millennials in the workplace. Written by Lauren Stiller Rikleen, Esq., the brief pointed out three key traits to remember about Gen Y individuals, when it comes to their future ability to lead companies.

First of all, Millennials are more than comfortable with using the latest technology in the workplace. Second, they desire a high level of flexibility to balance their professional and personal lives. And third, they desire meaning in their work – they want to be sure they are doing something that inspires them personally.

Add this to the fact that there aren’t nearly enough Gen X-ers to take over for the crop of baby-boomers who will be leaving the professional environment in the next decade or so, and it means companies must be sure they are playing to Gen Y’s strengths and providing opportunities to develop them into leaders – and soon.

Employee Engagement

How to Reinvigorate Performance Management


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By Melissa J. Anderson

When it comes to talent management, it seems that the majority of HR professionals are turning their noses at performance reviews. In a recent Wall Street Journal article, reporter Rachel Emma Silverman pointed to several studies revealing that HR professionals and managers take little pleasure in the review process.

For example, according to a 2010 study by Sibson Consulting Inc. and WorldatWork, 60% of HR professionals would grade their performance review system a C or below. Another study, she says, “more than 600 employee-feedback studies found that two-thirds of appraisals had zero or even negative effects on employee performance after the feedback was given.”

As a result, she pointed out, several companies are giving up on performance reviews altogether. But as the adage goes, “if you can’t measure it, you can’t manage it.” How can companies address problems with performance reviews, while still making sure talent is on task, creating value, and growing for the good of the company?

Diversity, Ethnicity/Nationality, Gender

Increasing the Representation of Multicultural Women in Leadership


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By Melissa J. Anderson

In a recent Harvard Business Review blog post, business writer Roger O. Crockett wrote that when it comes to the corporate space, women of color are “woefully underrepresented in leadership.”

Citing Andrea Jung’s recent departure from Avon, Crockett explained that there are now only two women of color chief executives in the Fortune 500 (Pepsico’s Indra Nooyi and Xerox’s Ursula Burns).

In fact, Catalyst recently released its 2011 Census of Fortune 500 Board Directors, Executive Officers, and Top Earners, which showed that women make up only a small percentage of corporate leadership. While the Census did not track executive officers or top earners by ethnicity, it did record the ethnicity of board directors.

And the numbers were hard to swallow. On average, women made up 16.1% of Fortune 500 boards. But women of color occupied only 3% of director seats. And that could be costly for corporations looking to grow and innovate.

News

Celebrating Big Achievements


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By Melissa J. Anderson

This has been a big year for Evolved Employer. We’ve shaped our content around diversity and talent management to best reflect the interests of our readers, who are looking new ways to attract and retain quality, high performing talent in a new diverse, global, multi-generational work environment, where employees have just as many expectations of their employers as the other way around.

Or goal for 2012 is to continue to bring you the latest in thought-provoking, inclusive talent management strategies. But that’s not all we’re working on – for example, this month we published (along with our sister-site The Glass Hammer) a new pilot study on women working on technology teams.

Women in IT: Ambition and Advancement seeks to gauge how women who work on technology teams feel about their ability to advance in their organizations. One of the most surprising findings within the report revealed that almost half of the women surveyed (41.86%) said they plan to leave their jobs in the next year.

That’s a huge amount of turnover for corporate teams to deal with, and considering that additional research, by the Level Playing Field Institute for example, has shown that many women in tech find the environment unwelcoming, it gives cause for companies to consider how their cultures may be driving women out, and work harder to attract and retain this talented group.

And many companies are working to do so. But our study showed that while many women participate in corporate networking or development initiatives, they aren’t always clear on the practical “how-to’s” regarding the implementation of advancement advice they may learn.

We urge companies to go beyond the inspirational and move into the instructional when it comes to the development and advancement of women.

Similarly, we are hard at work on our next study on LGBT professional women – and we will share more about that in 2012.

In the meantime, we’d love to hear from you. What topics would you like to learn more about in 2012? Please include your comments and questions in the space below, and we’ll work to be inclusive of the views and interests of you, our readers.

Diversity, Gender, Thought Leadership

Thought Leaders: Anne Izzillo on Boosting Global Corporate Diversity


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By Melissa J. Anderson (New York City)

Anne Izzillo, President of the Financial Women’s Association, believes sincerely in the power of networking – in fact, she said, that’s how she got involved in the group in the first place. “I lived and worked in London for 14 and a half years and I came back in 1999, basically without a network.”

“Everybody had gone to the four winds in the almost 15 years I was away,” she explained. “And somebody I know, a friend of a friend actually, suggested, because I was bemoaning the fact that I didn’t have a network anymore… that I join the FWA.”

Izzillo explained that networking externally is critical for building individual careers, but she believes it can also improve corporate diversity on a global scale.

Generations

Five Tips to Communicate with Gen Y in the Workplace


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By Melissa J. Anderson

In a recent Fortune article, Katherine Reynolds Lewis says that many of the negative stereotypes about millennial workers could be alleviated if younger employees and more senior ones could just learn to communicate with one another more effectively. She writes:

“When employers first identified this issue and began talking about dealing with different generations in the workplace, managers could easily have felt that their young employees were too precious to upset with frank talk and had to be handled with kid gloves. But increasingly, companies are expecting both managers and Millennials to compromise on their communication styles and work habits, with a goal of meeting somewhere in the middle.”

In fact, clearing up a few communication issues could go a long way in helping engage and develop younger workers. As University of Califorina Santa Barbara researchers Karen K. Myers and Kamyab Sadaghiani explained in their recent study, “Millennials in the Workplace: A Communication Perspective on Millennials’ Organizational Relationships and Performance,” communication is a key factor to ensuring an effective team dynamic and maximizing performance. They wrote:

“In particular, communication that reveals shared values and reflects common commitments to organizational goals enables coworkers to forge and sustain productive relationships in organizations (Herriot 2002). Communication can also have direct and indirect effects on team and organizational performance (Greenbaum and Query 1999).”

Following are five practical tips that can help business leaders better communicate and work with Millennial employees, so that everyone produces at their highest capacity.

Diversity

Why Diversity Isn’t Yet Built into Senior Leader Succession Planning


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By Tina Vasquez

In 2009 Xerox made an unprecedented move by appointing Ursula Burns as chairperson and CEO of the company. Not only did Burns become the first African-American woman CEO to head a Fortune 500 company (a position she still holds today), but everything about her, from her background to her appearance, was drastically different from her predecessor Ann Mulcahey.

We’ve all heard about the benefits of building diversity into company culture, from an increase in productivity and creativity to increased sales, but as evidenced by Ursula’s distinction as the only African American woman to ever head a Fortune 500 company, very few corporations consider the importance of building diversity into their top levels.

When considering a succession plan for a senior leader, it’s easy to imagine their replacement as someone who looks and acts just like them, but that’s not the best or smartest way to plan for a successful future. In a speech at the Economic Club of Washington, D.C., Burns argued that leaders and policy makers in all sectors have become too satisfied with the status quo. “Rather than focus on what can’t be done, we all need to exhibit a lot more impatience with what is and more passion for what might be.”

As it turns out, the problem may not be a reluctance to challenge the status quo, but rather that companies are failing to create proper succession plans, let alone build diversity into them.

Diversity, LGBT

Did the HRC Change Corporate Policy with the CEI?


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By Melissa J. Anderson

The Human Rights Campaign released its 2012 Corporate Equality Index earlier this month, announcing the big news: despite increasingly tough standards, 190 of the companies polled received perfect scores.

Three years ago, the HRC announced that it would be creating more stringent goals for companies to achieve in order to gain perfect scores on the index, which has become the gold standard for benchmarking corporate acceptance for LGBT employees. By this year, to gain a 100%, companies would have to provide equal healthcare coverage for transgender individuals, including coverage for sexual reassignment surgery.

The inclusion of transgender healthcare benefits proved challenging for a number of companies – last year, 337 companies earned top rankings. This year that number decreased significantly. But, HRC President Joe Solmonese wrote in a recent article in the Huffington Post, this is all part of the organization’s goal to become more inclusive of its constituents – and to honor those companies that are truly providing “best-in-class” workplaces for their employees. He implied that by upping the ante, the HRC is working to influence companies to change their policies.

Solmonese wrote, “As companies compete to recruit and retain the best employees and influence consumer choices, CEI ratings have redefined the norm for how all companies treat LGBT workers and their families.”

Do corporate rankings really move the needle toward inclusion for underrepresented groups? According to the HRC, they do.

Diversity, Gender

Why is Gender Balance So Slow in the Legal Profession?


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By Hua Wang

New research shows that how law firms distribute billing origination credit and compensation affects the advancement of women lawyers to positions of real power and influence in their firm. What steps can law firms take to develop fair and equitable compensation, origination credit, and client succession policies that will help drive gender balance at the top ranks?

As women lawyers become more senior, they experience an increasing shortfall in income compared to male attorneys, and firms see higher attrition rates of women senior women lawyers. Despite commitments to build a more gender balanced senior echelon at law firms, women represent only 16% of equity partners nationwide. These lawyers hold an ownership interest in their firms and occupy the most prestigious, powerful and lucrative positions.

The underrepresentation of women among law firm equity partners means fewer women on compensation committees, which research shows, impacts the compensation of women across the board. According to the 2010 American Bar Association survey study “New Millennium, Same Glass Ceiling” [PDF] of nearly 700 women law firm partners, about half of the respondents had one woman on the committee. One-fifth had none. Another fifth had two women. When women are not part of the dialogue and the decision-making body that charts the future direction of firms, the chances are greater that the policies and practices implemented will be less responsive to the career needs of women lawyers.