Manage Your Talents, Manage Your Career
How to find a balance between executives and employees' objectives to attract and retain talents? How to show legitimacy and trust to align with citizens' values in a time of conflicts? What is the good timing to leave a company? Understanding these multifaceted questions is key for navigating the talent competition and fostering personal career growth. Today, students seek ethical employers, while employees yearn for deeper meaning in their work. Simultaneously, governments and consumers closely examine firms' practices throughout the supply chain. In this edition, researchers from diverse fields offer insights and business cases gleaned from their investigations.
To Attract and Retain Top Talent, Firms Sell Themselves as Springboards to a Great Career
These days, workers at management consulting, investment banking, accounting, and law firms tend to be as interested in their career paths as they are in their salaries—which often means jumping from one firm to another in pursuit of better opportunities. But their career paths and motivation can be powerfully influenced by what sort of tasks an employer assigns to them. A study by Raphaël Lévy, Associate Professor of Economics and Decision Sciences at HEC Paris, and his colleague Heski Bar-Isaac, Professor in the Joseph L. Rotman School of Management at the University of Toronto, explores how these firms’ task allocation strikes a balance between producing value for the business and offering workers opportunities to prove their talent. Three key findings: • “Lose it to use it”: To attract and motivate employees, employers sometimes sell their jobs as springboards to a great career even outside the firm. • Employees are motivated to perform when granted exposure on the labor market and when assigned to tasks allowing them to showcase their skills. • Different human resources policies coexist: some firms consent to high exposure to their employees to boost their professional advancement, others, more concerned with employee retention, offer flatter career paths.
Specialize or Generalize: What Makes Jobseekers Choose One Career Strategy Over Another?
The world of employment is undergoing a period of rapid change, with major technological developments, economic turbulence, and shareholder activism all contributing to a fast-moving and unpredictable context. To adapt to this new employment landscape, what kind of career strategies do (and should) professionals adopt, specialization or generalization? Professor Roxana Barbulescu of HEC Paris and Rocio Bonet of IE Business School offer insights for jobseekers and employers.
Five Lessons on Managing your Career in Sales and Sales Management
Sales is an occupation known for its high turnover rates. And for good reason: an HEC study shows that salary increases for salespeople tapers off within three years if they stay put. The study’s co-author, HEC Professor of Marketing Dominique Rouziès held a RESKILL Masterclass on October 19 to discuss her research on the value of experience. Rouziès and her colleagues (Professors Keshavarz, Kramarz, Quélin and Segalla) analyzed paycheck data of around 25,000 French salespeople and sales managers over a 20-year period to better understand the links between experience (i.e., careers) and compensation. These are five lessons Professor Rouziès shared in her Masterclass.
How to Handle People’s Data Ethically
Despite legislative transformation, the issue of data handling is far from resolved. Since GDPR (the General Data Protection Regulation) came into effect in 2018, the EU has collected over €3 billion in fines from companies who have broken the rules. And with the AI industry ramping up, the question of ethical data handling is more pressing than ever, say Dominique Rouziès, Professor of Marketing, and Michael Segalla, Professor of Management, both at HEC Paris.
How Much Control Do You Really Have Over Your Career?
For many of us, it is a given that if we work hard, make valuable contributions, and cultivate the right professional connections, our careers will progress. After all, nepotism aside, work is basically a meritocracy, isn’t it? Well, perhaps not fully, say Roxana Barbulescu, professor of Management and Human Resources at HEC Paris, and her co-authors Claudia Jonczyk of the University of Neuchâtel, and Charles Galunic and Ben Bensaou of INSEAD. Three key findings: Even in up-or-out career environments like professional services firms, and evaluations and promotions, chance events play a substantial role in shaping individuals' careers. Employees tend to interpret chance events differently, leading to varied career attitudes and plans. By identifying and addressing disparities in resource allocation, client visibility, and mentorship opportunities, leaders can enhance employees' sense of recognition and hopefulness about their career advancement within the organization.
When Does Pressure to Do Extra Work Drain Staff and Threaten Home Life?
Sometimes workers “go the extra mile,” doing charity fundraisers, taking part in team socials, or mentoring new recruits, but does it bring value or is it counter-productive? A new study from Ekaterina Netchaeva (HEC Paris), Remus Ilies and Massimo Magni (Bocconi University), and Jingxian Yao (Tongji University), shows that although this extra work can energize employees, the pressure to engage it in, on the contrary, drains them.
3 Lessons on Team Leadership in Times of Uncertainty
The current uncertain and complex environment is further driving research on how business leaders should respond in the workplace. In this RESKILL Masterclass, Brad Harris, Professor of Management and Human Resources at HEC Paris, discusses the questions of building trust, creating healthy dynamics and enabling an empowered culture needed to respond to the challenges the 21st century is throwing up. It was recorded on March 23, 2023, and is available on YouTube. You can also find all the questions and comments on the LinkedIn Live. Here are the three key takeaways... and a summary of leadership qualities.
Why Brilliant Multidisciplinary Academics Are Discriminated Against – And How To Fight Back
Leading academic organizations officially promote multidisciplinarity as favoring a richer, more innovative research environment. Yet Julien Jourdan, Associate Professor of Management and Human Resources and his colleagues, actually found that scientists specialized in one domain tended to protect their discipline against their peers with diverse experience, especially those with strong track records, and potentially stifled innovation in the process. He explains the mechanisms behind these territorial attitudes – and suggests ways of countering them.
Managing change and uncertainty
How to Build Business and Career Resilience
The world is constantly evolving and uncertain. However, if there is one certainty it is the need to remain humble. To better build the resilience needed to manage this change and uncertainty in a responsible way, find key findings and classic advice from HEC Paris researchers to decipher environments at all levels: from one’s own career to geopolitical business links. In this In-Depth issue, you will learn that family businesses focus more on resilience than on performance, that connecting private interests and sharing with the community is vital for sustainable objectives and that developing professional and personal resilience takes practice. You will also discover how hybrid governance and smart cities can overcome disrupted supply chains and fight social inequality. Find the PDF version of the Knowledge@HEC' In-Depth issue here.