August 7, 2022
Image: Christopher T. Fong/Protocol
Welcome back to our Workplace newsletter. If you’re feeling stressed, please watch this soothing TikTok of Kevin Bacon walking his horse. Today: tips for finding tech execs — but don’t fire your recruiting firm yet. Plus, Apple workers petition for more flexible WFH policies, and banks pay big fines when their employees use unapproved messaging apps.
— Meg Morrone, senior editor (email | twitter)
The market for talent at all levels is still wildly competitive, even in a downturn. Strong C-level and VP-level talent is particularly hard to find, and even harder to close.
“The pool of highly capable execs to take a startup from one inflection point or another is scarce,” Vivek Ravisankar, the co-founder and CEO of HackerRank, told Protocol. Ravisankar’s sourcing process takes inspiration from Vinod Khosla’s “gene pool engineering” recruiting advice:
Ravisankar still uses recruiters, though he said he cringes at the six-figure bill.
Be the candidate’s personal concierge: Ravisankar said he’s found success giving candidates “VIP service.”
Ravisankar asks candidates to weigh in on real situations he’s dealing with at HackerRank. “It makes it feel like you’re actually working together,” Ravisankar said. “I’m less interested if they come up with the correct solution or not, but more around thought process.”— Allison Levitsky, reporter (email | twitter)
Apple employees launched a petition Monday pushing back on the company's return-to-office policy, saying workers have "performed exceptional work" inside and outside traditional office environments.
Apple Together, the group of workers behind the #AppleToo movement, is urging the company to allow each employee to work directly with their manager to determine what work arrangement is best for them. Employees also ask that work arrangements not require "higher-level approvals, complex procedures" or the providing of private information.
DataRobot's AI Cloud for Financial Services Unlocks the Art of the Possible: DataRobot continues to attract clients in financial services who want to de-risk their AI investments and rapidly scale AI to almost every part of their operations, resulting in improved productivity and higher customer satisfaction.
Don’t use an app for that.
Here are the dollar figures that some of the big banks have earmarked to pay in fines to the SEC just for using unapproved messaging apps, including WhatsApp.
Anyone else having a bad case of Great Resignation whiplash? It’s hard to keep up with which tech companies are growing, shrinking, floating or sinking. We’re here to help.
⬇️Hulu and other companies are cutting back on paid parental leave (beyond what’s required by law).
⬇️Ford is transitioning to electronic vehicles, but that means 3,000 layoffs.
For more news on hiring, firing and rewiring, see our tech company tracker.
DataRobot's AI Cloud for Financial Services Unlocks the Art of the Possible: Banks need to secure a competitive advantage in an increasingly tight race to harness best-in-breed technology. Decision makers need to not just plan a future-ready strategy, but also recognize the value of AI that could boost not just their performance in-house but also their reputation among their global customers.
A roundup of workplace news from the farthest corners of the internet.
Are you as tired of hearing about quiet quitting as I am? (It’s not quitting! And when bright and capable employees start coasting at their jobs, it's a lot louder than you think!) Here are helpful tips for employees and their managers to help establish better work/life balance and remain productive. (Forbes)
Recruit like “Moneyball”: How focusing on the specific contributions each employee makes helps you build a better team. (Harvard Business Review)
Bye-bye Zoom Towns. Home prices are falling in Boise, Idaho, and other pandemic boom towns. (Bloomberg)
Find out if your boss hates you, or if they just want to kill you. (The Onion)
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