As a professional who has worked in the D&I field for 25 years, I am seeing some significant emerging trends in the workplace. As a result of an improving economy, previously slashed HR budgets are finally being revitalized with attention being paid to training and development – especially for diversity and inclusion. In addition, as the labor market continues to improve, more employers are talking about becoming an “employer of choice” and strengthening their programs and employee relationships. The days of employers feeling their staff should “just be happy to have a job” are increasingly behind us as the market shifts in favor of employees. Savvy employers who value diversity, widen their recruiting net and retain talent by implementing inclusive programs will win the war for new talent. The newest generation entering the workforce is more diverse than ever and the generation behind it will produce an even more diverse “wave” of new hires. Status quo is no longer applicable.
A new report shows that 80 % of financial industry arbitrators are male with an average age of 69. Contrary to claims made by the FINRA, its pool of arbitrators that decide virtually all investor disputes with financial professionals in the U.S. lacks diversity, according to a new report released by the Public Investors Arbitration Bar Association (PIABA). This diversity problem in arbitration is made worse by the almost total lack of transparency in how the FINRA arbitrators are recruited and what disclosures they make, said the report.
A black-and-white photograph curled at the edges pressed between the pages of Anna Karenina falls into my hands as I fumble about the bookshelf. Anna Karenina. It appears I was using the photograph as a bookmark and apparently gave up after page 662. Do not judge me, dear Reader – I was only fifteen at the time. No doubt, I found the drama of my own life infinitely more interesting.
This article in our Women in Technology series features women in accounting professions. A discussion group was pulled together with the assistance of ADR advisor, Larry Stone, who is then Director of Professional Development for Decosimo Accountants and Business Advisors, commonly known simply as “Decosimo”. Larry has deep roots in the Chattanooga area and serves on the Professional Development Committee of the Tennessee Society of Certified Public Accountants (TSCPA). The group of women that he assembled represent diverse professional and generational perspectives. They shared their insights on STEM education, careers, and work-life challenges …
“I am a Generation Y. ” This statement seems harmless enough, until you find yourself planted in a room full of baby boomers fed up with the millennials, the whiney, egocentric, group of fickle youngsters filing into the newly unstructured world of work. We are the facebookers, the job-hoppers, the demanders and questioners who want a raise NOW with a company car and a key to the executive washroom. Never mind that we’ve only been working for two months. True, the Y generation may be a bit spoiled and tend to expect rewards somewhat prematurely, but we do have a few good traits that could encourage you to work with generation differences.
Saturday, my husband followed our GPS to a conference center bordering the inner city of St. Louis. He drove our four door, sandy colored Chevy. I sat on the passenger side, gripping an imaginary safety handle to make me feel more secure. The day was dull, cold and cloudless. Slight rain began to bubble on our windshield. My cell phone rang. “Hello,” I said. It was my forecaster son, calling to warn me of the freezing rain ahead. “Be careful,” he said.
A requirement for my medical school was to participate in health teaching. I chose to provide an informal session on alcohol, sex and drugs for a small group of freshman girls, the next generation of diverse women. I find this subject so important, because the issues confronting teenagers are numerous and can create a significant generational gap between them and their parents. It’s not as simple as just staying clean and not having sex to avoid pregnancy. The reality is that most teenagers at some point will drink alcohol and take drugs and/or become sexually active.
How much do grades actually matter in the real world? A letter doesn’t say much about what a person can do. A percentage doesn’t tell you how to do it better. In the real life, we are not graded. Life is too complicated to sum it up with a single letter. That’s why colleges and universities all over the world have revamped their grading policies.
In my last article for American Diversity Report, “Embrace Diversity, Embrace the Future”, I used the example of Zanzibar and how the people there appeared to deal with diversity by accepting differences of other cultures including religion without co-mingling or requiring others to bend to the will of any one group. However, since my visit there and writing that article, I have discovered that more recently, Muslim youth riding on motorcycles threw acid on the faces and bodies of three American young females who were walking through the streets of Zanzibar on their last evening in the city. The girls were at the end of their mission to help out in the area and were going to celebrate their stay there. They will forever be scarred both emotionally and physically by this experience. This example simply shows how fragile our cultural stability is as mobility of the world’s people increases at a rapid pace and the introduction of new ideas, ways and cultures are seen as a threat to the old established ways.
My grandmother Hilda passed away when she was 95 years old. Her funeral was one of the most impressive events I‘ve ever joined. According to my feeling, all the citizens of her and my hometown had come to the cemetery. She was born and she died at the same small town in Northern Bavaria, Germany, which might have been one reason for her fame. She had never left her hometown longer than for a day trip. Another occasion could have been the way she decided to spend her time and live her life.