In the year 2020 PricewaterhouseCoopers predicts that global investable assets will be more than $100 trillion, with a compound annual growth rate of nearly 6%.
The future is indeed bright for the asset management industry.
Few people in the asset management industry would have thought so in 2008 or 2009. Changing markets and investor needs will combine to produce a positive environment and huge opportunities for asset managers. [Read more…]
Leadership issues and strategies have never been more important in this rapidly changing business environment. New technologies, new styles of management, a new set of skills have set the stage.
We have curated some of the best and most widely shared articles on the web written by Leadership Influencers based on our own research and this excellent resource: The Top 100 Socially-Shared Leadership Blogs of 2015.
Learn about rapid change and business disruption, and how they may presage the end of management as we know it. Tips on how to speak better during presentations and burnish your all-important communication skills. What The Millennials Take-Over really means as Baby Boomers retire at a rate of one every four seconds! Techniques on how to motivate your team. How do you build a road map for change with the Change Formula? What are the four ways to get to the top of your organization? And, much more …
10 Ways to Make People Feel Powerful
“You influence the way people feel about themselves. When you make people feel weak, they act in fear. When you make people feel powerful, they act with boldness.” It’s so important to help others with the words that are going to help them achieve the outcomes they are looking for. Read more HERE …
Author: Dan Rockwell – leadershipfreak.wordpress.com twitter.com/Leadershipfreak
Photo by: Ron Kroetz
How to Communicate With Clarity
Much of your success in life will come from your ability to communicate well with other people. Successful people know how to communicate and have taken a lot of time to improve communication skills. Social intelligence, which is the ability to interact well with others, is one of the highest paid and most respected intelligences in our society. So, how do you communicate more effectively with others? Read more HERE …
Author: Brian Tracy – www.briantracy.com twitter.com/BrianTracy
When you know your ‘why,’ then your ‘what’ has more impact, because you’re working towards your purpose.” Leaders who know why they do what they do find it much easier to get others on board. These leaders are easy to trust because they are mission-driven people who walk the walk and do the right things for the right reasons. Read more HERE …
Author: Naphtali Hoff – SmartBlog on Leadership twitter.com/impactfulcoach
Traditional Organizational Hierarchy is Soon History
Some say the traditional organizational hierarchy is soon history and we end up facing something completely new … a new way of how businesses communicate and create value. From hierarchy to collaboration? Will this be the future? Read more HERE …
Author: Torben Rick – Meliorate twitter.com/torbenrick
10 Communication Secrets of Great Leaders
No one ever became a great leader without first becoming a great communicator. Great leaders connect with people on an emotional level every time they speak. Great communicators are intentional about it, and there are 10 secrets they rely on to deliver a powerful message. Put these secrets to work in your communication and watch your influence soar. Read more HERE …
Author: Entrepreneur – entrepreneur.com twitter.com/entrepreneur
Hidden in Plain Sight: The Risky Reality of Neglected Leader Talent
What is inclusive talent planning? Why does it matter and what does it take? Most leaders move easily between functional roles as they advance their careers. But have companies kept up by also displaying a similar level of agility in recognizing and considering leaders from differing functional backgrounds as they create long-term talent plans? Read more HERE …
Author: Evan Sinar – www.linkedin.com/in/evansinar
Thinking Ahead – Millennial Leadership
“Against popular belief, I do not believe that workers from this generation are not loyal or grateful – they are loyal to those who are loyal to them, and unafraid of significant change in their life. It’s my opinion that much of their loyalty was simply out of fear of change and instability. Growing up in a world of instability, and seeing parents and friends be beaten down by the “system” has left little room for trust. That is typically going to be why these leaders will know their value, and not succumb to the outdated compensation levels. Pay them well, respect their value, and there will be no boundaries to the return they can provide.” Read more HERE …
Author: Brody Clemmer – N2Growth https://twitter.com/N2Growth
Why Organizations Should Embrace Healthy Rebellion
“I have learned that creativity almost always happens outside the boundaries of conformity. Those who have a proclivity towards conformity often feel threatened, offended or irritated by those who actually enjoy dancing outside the prescriptive lines drawn by conformity. Creativity is an act of rebellion on some level. Now I realize that the reason I was “difficult to manage” was because I should have been led by that person, rather than attempted to be managed … punished for lack of conformity.” Read more HERE …
Author: William Powell – theleadershipadvisor.com twitter.com/LeadrshpAdvisor
Develop the Three Levels of Organizational Awareness
In this brief video clip Daniel Goleman discusses systems thinking, three levels of organizational awareness, and visionary leadership. Outstanding leaders start with a level of self-awareness and self-regulation, move outward with empathy toward awareness of interpersonal relationships, and then further to awareness of the whole organization. Read more HERE …
Author: Daniel Goleman – morethansound.net twitter.com/morethan_sound
Seeking to protect a long sought career vulnerable to great peril, some leaders feel it’s too dangerous to voice opinions at the highest levels.
So what is the key to effectively earning that seat at that important table and harnessing your leadership voice? First start with avoiding these three traps. Read more HERE …
Author: Amy Balog – twitter.com/abalog connextionpoint.com/
Effective Methods to Motivate Your Team
“No man will work for your interests unless they are his.” ~ Dr David Seabury
That quote attributed to the great psychologist, lecturer, and author David Seabury perfectly sums up why so many managers have a difficult time motivating their team. This article discusses various techniques that you can adopt and adapt to motivate your team. Read more HERE …
Author: Rob Jackson – magnovo.com twitter.com/followMagnovo
How to Avoid The Biggest Mistake Leaders Make
What is the biggest mistake? Answer: Not providing appropriate feedback. Why is that? One obvious reason is most managers receive little to no training when they move into a supervisory role. Read more about what you need to do before giving feedback and other guidelines. See more HERE …
Author: Randy Conley – Leading With Trust twitter.com/RandyConley
Being a leader is much more complicated than simply acting leader-like. True leadership is quality-based. Fake leadership is leader-like sound-bites of things leaders might say. Bad leaders are simply bad for business. Negatively-perceived leader behavior hurts morale, increases turnover, and lowers productivity and quality. Read more HERE …
Author: Duane Dike – Management Issues twitter.com/mgissues
How to Speak Better During Presentations
“Just be yourself!” Possibly the most well-meaning but awful advice. It’s really hard to be ourselves when we’re nervous.When we’re feeling nervous we have a very hard time being ourselves. Someone else comes out. Someone stiff, maybe awkward. Someone who’s not as funny and smart as we are. Read more here …
Author: Ita Olsen – conveyclearly.com twitter.com/ConveyClearly
Success in the C-Suite In The New Millennia
“Change is everywhere and the c-suite is no exception. There are new technologies, new styles of management, a new set of skills that need to be cultivated.” It takes 5 particular skills. This article discusses the principles needed if you’re looking to take the elevator to the c-suite. Read more HERE …
Author: Jeffrey Hayzlett – Huffpost Business twitter.com/JeffreyHayzlett
Making Change Stick with The Change Formula
As the pace of change increases so does the demand for effective leaders and impactful leadership. The key to surviving the fast paced world of today is the ability to accept and manage change. When it comes to managing change in businesses, the failure rate is high. What can be done to change these results?
This article suggests using a framework called the change formula to guide your thinking and help you stay on track. Read more HERE …
By George Ambler – georgeambler.com
Complexities, ambiguities, competing priorities and shifting demands make up the new global marketplace of financial services.
Survival and success within this environment demand people who are creative, digitally savvy and can adapt quickly to constant change.
According to the 19th Annual Global CEO Survey, 70% of financial services CEOs see the limited availability of skills as a threat to growth and competitiveness. But, less than 30% are changing their focus on the skills and adaptability of their people.
Does this lack of action demonstrate that financial service companies aren’t willing to explore alternatives to their tried and true strategies?
Disruption As An Opportunity
This survey covers in detail this conundrum for financial services business leaders and makes its own recommendations. It concludes that a new mindset is required as much as a new skillset.
“… we believe it’s time to go back to basics in determining what talent your business needs and how it can be hired, built, motivated and retained within the constraints on skills availability and financial resources.” – Jon Terry, Global Financial Services, HR Consulting Leader, PwC
“Even with all the new technology, people skills are actually more important now. Whether it’s providing day-to-day services in our bank branches or managing our data analytics, it’s all about people. So the risk is, can we hire, retain, and develop the top talent and, frankly, will they be happy working here?” – Brian Moynihan. Chief Executive Officer of Bank of America Corporation US
There are significant opportunities ahead for reinvigorating growth and re-engaging with customers, employees and society as a whole. Implementing effective people practices is one of the keys to achieving this.
Key Talent Findings in The Financial Services Industry
Shifting demands, competing priorities:
Adjusting to the new talent realities in financial services
19th Annual Global CEO Survey/February 2016
[Based on a survey of 1,409 CEOs in 83 countries and a range of industries in the last quarter of 2015, and face-to-face interviews with 33 CEOs.]
If you are looking to replace or upgrade your staff, please contact Robert Pestreich for a complimentary consultation.
Call Harrison, Stone & Associates at 212.687.3030.
Follow @rpharrisonstone
You might be surprised to learn that even talent magnets like Google, Yahoo, Facebook, Apple and Twitter are in a war for talent and doing some interesting things in hiring that you may not know about.
The aim of this article is to introduce you to some of these strategies and let you know how an executive search firm like Harrison Stone can help you out.
One of the most aggressive strategies employed by top companies for recruiting talent is aqui-hiring. This strategy involves acquiring startups by established organizations. The technology industry has practiced this for decades. The acquisition may not be just for a company’s products, but also to quickly get hold of an entire team of talented employees before a competitor.
This hiring strategy was originated by large tech firms, but Cloud technology has made it possible for all organizations to access and hire talent globally.
“Facebook has not once bought a company for the company itself. We buy companies to get excellent people,” Facebook CEO Mark Zuckerberg has been quoted as saying,
A less aggressive strategy compared to aqui-hiring is the lift-out strategy. A ‘Lift-out’ involves the recruitment of an intact team rather than acquiring the entire organization. This strategy potentially delivers all the benefits that the aqui-hire strategy provides without either the expense or aggression associated with aqui-hiring.
Many growing companies are hiring high-functioning groups of people who have been working together effectively within one company and can rapidly come up to speed in a new environment. These lifted-out teams don’t need to get acquainted with one another or to establish shared values, mutual accountability, or group norms; their long-standing relationships and trust help them make an impact very quickly.
The process is not without risks. A failed lift-out can lead to loss of money, opportunity and credibility. Regardless of industry, nationality, or size of the team, a successful lift out unfolds over four consecutive, interdependent stages that must be perfectly managed.
When a lift-out is planned and executed well, the expertise and experience of the group will give a boost to your company’s bottom line almost immediately.
No matter how a lift-out is executed, it is a disruptive event that a client has to face. A team lift-out can be a far more economical way to enter a business instead of buying a firm. Harrison, Stone & Associates has the expertise to help you in identifying and hiring the right team.
Bagging Purple Squirrels, the “game changers” who are indeed a rare color for a rodent, is another approach to recruiting top notch employees.
Different from an average employee, so-called Purple Squirrels generally never apply for an open position, cannot be contacted through traditional methods, and are known to sit on multiple job offers at one time.
Purple Squirrels are hard to attract, but easy to find, even though they make up less than 1% of the workforce. They’re busy receiving awards, leading seminars, giving the keynote at industry conferences, leading online forums and quoted in trade magazines.
They are motivated by the work they do, not by money or perks!
These outside-the-box thinkers and 24×7 innovators have the next big ideas and the potential to change the course of your organization.
If you are looking to replace or upgrade your staff, please contact Robert Pestreich for a complimentary consultation.
Call Harrison, Stone & Associates at 212.687.3030.
Follow @rpharrisonstone
While the economy is at its strongest in years, new federal regulations post recession of 2008 have given financial industry CEOs much to ponder.
Five critical issues are set to dominate financial services in 2016. Here are the words and trends confronting today’s financial industry.
1. Dodd Frank influence
Dodd-Frank demands that financial service professionals make significant changes to the way they conduct business. [Read more…]
