Monday, December 3, 2012

Management Tip of the Day: Use "Returnships" to Bring in Fresh Talent

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Management Tip of the Day
Harvard Business Review
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DECEMBER 3, 2012
Use "Returnships" to Bring in Fresh Talent
Despite high unemployment, it can be tough to find the right applicants for higher-level positions. Some companies are trying "returnships," where experienced, highly educated workers who have been out of the workforce take on short-term paid positions, with the hope they'll join the firm long-term. Here are three ways to make such a program work:
  • Model it on your existing internship program. The work assigned to returning professionals should be more challenging, but many other elements — the application process, the orientation, and mentorship arrangements — can be similar.
  • Give participants role models. Expose them to high-performing employees who took time off during their own careers. This will give them a sense of the upward mobility they can hope for if they attain a regular position.
  • Get hiring managers on-board. Managers are often reluctant to consider people who've been out of the workforce, fearing that their skills are out-of-date. Set up face-to-face meetings with returnship participants so managers better understand where they're coming from.
Harvard Business Review Article Today's Management Tip was adapted from "The 40-Year-Old Intern" by Carol Fishman Cohen.
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Saturday, December 1, 2012

Turn blank stares into standing ovations

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TURN BLANK STARES INTO
STANDING OVATIONS
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The Daily Stat: Why Firms with Female Directors Make Fewer Financial Mistakes

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The Daily Stat: Facts and figures to stimulate thought -- and action.
Harvard Business Review
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NOVEMBER 30, 2012
Why Firms with Female Directors Make Fewer Financial Mistakes
Companies whose directors include one or more women are 38% less likely to have to restate their financial-performance figures to correct errors than firms with all-male boards, says a team led by Lawrence J. Abbott of the University of Wisconsin-Milwaukee. Gender diversity may make a board more open to viewpoints that oppose the CEO's and may encourage a more deliberative and collaborative decision-making process, according to the research, published in the American Accounting Association journal Accounting Horizons.
Source: Women on corporate boards foster better financial reporting, study finds
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