Wall Street Journal, Business News, 09/06/2017 The Big Shift at Work Everyone has felt the shift in retirement and health benefits received from employers, which has been dramatic in recent years. While today more people are able to have flexible work schedules and work remotely from home, a favorite coffee/tea house or on the beach, many fringe benefits of full-time, permanent jobs have gone by the wayside. The biggest concern we hear from candidates is covering health benefits. The days of companies self-insuring or giving employees coverage at no cost are long gone but companies offering the best healthcare options rate higher up in evaluating which company to join. Looking at the WSJ chart, it is clear to see the vast changes. HEALTH INSURANCE Share of workers at large companies with employer-sponsored health insurance - 97%(1980) vs 61%(2016);With single coverage paying no premium -72%(1980) vs 5%(2016); With family coverage paying no premium - 51%(1980) vs 1%(2016) RETIREMENT Percentage of private-sector workers with pension plans 38%(1979) vs 13% (2014);With a 401(k) plan 17%(1979) vs 45%(2014) Source: Bureau of Labor Statistics (health insurance, work-life balance); Kaiser Family Foundation (health insurance); Employee Benefits Research Institute retirement)
Thursday, September 7, 2017
Thursday, June 29, 2017
Hiring without resumes - Could this be a new trend?
WSJ Business & Finance Tuesday, June 27, 2017 Radical Hiring Experiment: Resumes Are Out - No resume? No campus recruiting. No human touch until the end of the process. Now that’s a new concept. No more agonizing over every word, accomplishment, spell check, whether to have an Overview or not, what to include, tailoring it to the specific job, how to format it, how to be creative. Well, a radical concept is being tested by Unilever PLC. While no resume is required, Unilever PLC is testing an exhaustive, in-depth new screening process for hiring entry level jobs and internships where software and algorithms do the bulk of the work to narrow the candidate pool for the final interview. A human writes the job description and a targeted ad is placed on Facebook and career-advice sites (like WayUp and the Muse) Interested candidates are directed to a career site to apply. Then the fun begins. The candidate goes through a series of online games and if they pass that hurdle, they go on to the next step – submitting a video answering pre-selected questions. The software uses a variety of data points including how fast the person responds to the question, body language and vocabulary to weed people out. For the candidate, it has to be strange because there isn’t the human feedback or body language of an interviewer to see if something needs clarification. The candidate pool becomes narrowed down to those who actually finally meet face to face with managers and human resources. Since the fall of 2016, Unilever has hired over 450 people globally. It will be interesting to follow how the process works over time vs the conventional method. Will it produce employees who are more successful and a better fit with the company? And, will it be extended to higher level positions? Stay tuned.
Tuesday, May 23, 2017
AICC Spring Showcase Featuring Women Founded Israeli Companies
The America-Israel Chamber of Commerce Chicago (AICC) Innovation Showcase of Women Founded Israeli companies was a fabulous success @1871Chicago last night - Moderated by Alyssa Jaffee, Pritzker Group Venture Capital; Panelists were Roni Tehori, Sentic Technologies, Tali Kogan, Tel Aviv Couture & Ilit Raz, Joonko (right to left). Illinois First Lady Diana Mendley Rauner was the keynote Speaker. It was an awesome event to learn how these entrepreneurs were inspired to start their companies, raise money, deal with the ups and downs and how they are succeeding. As First Vice President of the AICC, it is rewarding to be a part of promoting Israeli companies, particularly women founded ones. This Showcase was the Inaugural Spring event and we look forward to continuing the tradition.
Thursday, April 6, 2017
I attended Choose Chicago's Annual Meeting today at McCormick Place. It was a great event showcasing the variety of events, partnerships, media coverage, marketing that has brought tourists to Chicago, with the positive economic impact. 2016 was an awesome year for Chicago - Go Cubs. There were 54.11 million visitors to the City, the third year of over 50 million. David Whitaker, the President and CEO of Choose Chicago is leading the charge and looking to bring in more global visitors. With all the attractions (sports, cultural, food, entertainment), Chicago is an ideal city for companies to locate and attract top talent. As more and more companies relocate to the downtown area, the city becomes more vibrant. Looking forward to a great 2017. Photos: Davie Whitaker on stage and me with Kathy Bucaro,Co-Founder/President of LiquidIron, www.liquidiron.net
Wednesday, August 31, 2016
us for a lively panel discussion. For more details or to register, visit the Chicago AMA website. www.chicagoama.org
Wednesday, June 1, 2016
Have you ever done a Skype interview that becomes a podcast? You think it should be a “no brainer”. You have a conversation with someone on a topic you know and you are looking at the person on your computer- it’s simple. Not so fast, if it’s the first time you have done it and you don’t know the questions ahead of time, it can be tricky.
Jeff Hyman, founder of Strong Suit, successful serial entrepreneur, advisor to hundreds of entrepreneurs on how to recruit “rockstars” and long-time business colleague of mine invited me to be interviewed for one of his biweekly podcasts. The topic – how to recruit rockstars! No preparation ahead of time.
It was a great experience, a little nerve-racking at the beginning, but I look forward to doing it again. It actually was great fun. The things to keep in mind are similar to what I would tell a candidate who is doing a Skype interview with a potential employer. I had to remember my own advice.
· Before the interview, do a test with someone to see how you look to them. Make sure the monitor is set properly so that not just your face is in view. You want to be sitting at a desk or table to create a setting and you might even want to have the chair raised a bit to have more of you in view.
· NO cell phone, telephone, pets or children nearby.
· Have a glass of water nearby.
· Practice having a conversation and don’t talk with your hands – it’s distracting.
· If you have to clear your throat, press “mute” so it isn’t disruptive.
· Look directly at the interviewer on your computer.
· Be a good listener. Don’t interrupt the interviewer.
· If possible, get the questions ahead of time, but don’t rehearse answers. It will sound that way.
Relax and enjoy the experience. And, use social media to promote it.
To hear the complete podcast, http://www.strongsuit.com/podcast, Podcast #020, May 10, 2016
Monday, May 23, 2016
Strong Suit Podcast, the playbook for how to recruit Rockstars, interviews Susan Rosenstein on how to find top talent for start-ups.
Jeff Hyman, advisor to entrepreneurs on hiring “Rockstar” talent and
founder of Strong Suit, asked to interview me for one of his weekly
podcasts. What an opportunity for me! Jeff is a successful serial
entrepreneur, who has started 5 companies and raised $55 million from VC
investors and who is a fellow Kellogg alum of mine I have known for