Welcome to the CUInsight Minute, sixty seconds from our Associate Publisher Robbie Young with our favorite reads from the week
Financial anxiety has affected nearly everyone at this point, whether it stemmed from the global pandemic or has cropped up in other ways. While all generations have struggled with financial stress in some way, the way Gen Z is experiencing financial anxiety is unprecedented, alarming, and in need of remedy.
Over 74% of Gen Zers surveyed by W1TTY report high-stress levels around money management, making it clearer than ever that this up-and-coming generation is in need of a modern helping hand.
That leaves young people in a state of constant money management stress. Low financial literacy is undeniably linked to high financial anxiety. Disconcertingly, 50% of surveyed Gen Zers admitted to avoiding checking their bank accounts due to stress. [read more]
Interviewing for a job is fun! Virtual interviews are even MORE fun! Okay, so now that we’ve all had our daily dose of sarcasm, let’s talk about this from a more realistic perspective. Interviews can be stressful, anxiety-producing exercises, but interviews are a vital and necessary part of the job search and hiring process. The virtual interview existed before COVID, but its usage has absolutely exploded over the last two years. According to a study conducted by the Society for Human Resource Management, nearly half of hiring leaders say they will use a combination of in-person and virtual interviews moving forward. That same study also showed that 25% of companies will move solely to virtual interviewing.
It’s pretty clear that virtual interviews are not going away and will remain an option for companies to screen candidates and acquire talent. If you’re someone who reads this and has a knot forming in your stomach, don’t worry. As a professional in the recruiting and talent acquisition space, I’ve noticed a few things in the hundreds of virtual interviews I have conducted, and I’d like to share them with you. Hopefully, some of these tips will better prepare you for your next virtual meeting. [read more]
“The World Economic Forum in Davos is usually fixated on the future. This year the focus was not on the future but the past. People delved back into history… Today’s statesmen need to infuse their day-to-day decisions with a similar sense of history.” – Fareed Zakaria
What can history tell us about inclusive leadership? Plenty. As a management professor, I began researching answers to that question a few years ago, long before world leaders met in Davos. Surprisingly, I discovered that inclusive leaders move mountains! Their strategic actions have profoundly transformed business and society. But too often, their actions have been overlooked or obscured by time. This oversight matters because current approaches to Diversity, Equity & Inclusion (DE&I) are lacking.
Specifically, studies show that typical DE&I initiatives have raised expectations but produced disappointing results. Although organizations have more racial and gender diversity at mid-and low levels, the work culture, relationships, and executive demographics are relatively static. While reasons for these disappointing outcomes vary, a major impediment to success is an insufficient understanding of the value of including different people and how leaders drive meaningful social change. To address this knowledge gap, we can continue theorizing and experimenting or hoping that old, impotent tactics suddenly work — or we can seek evidence. I choose evidence. [read more]
Be sure to join us next Tuesday for a free webinar on Leveraging Remote Inspections and Apprisal Technologies at your credit union!