Managing your Career: A 3-Step Guide

Contributed article in our business series. Enjoy! – Kimberly

There are over 130 million full-time employees in the United States. The main thing you need to do to keep yourself motivated as a full-time worker is to seek out advancement opportunities. Choosing the right career and adequately managing it is one of the most challenging tasks on the planet. If your career journey is leading out into the job-seeking world, you need to adequately prepare for this experience.

If you are about to start applying for new jobs in your industry, ResumeBuild suggests looking over your existing resume. The ResumeBuild website offers a number of appealing resume templates you can use. With the right template, you can make your resume more appealing to a hiring manager.

Image Source-Pixabay

Are you looking for helpful tips on how to manage your career? If so, check out the helpful tips below.Continue reading

What’s a Shero and How To Become Your Own

Who

Contributed article in our business series. Enjoy! – Kimberly

Sheroes can derive from all backgrounds and ages. Whether it is Greta Thunberg who is only a teenager devoting her life to stopping climate change or Arianna Huffington who has become one of the most accomplished business women in history, these women are sheroes by definition.

The term was coined during the suffrage movement in the 1836 but is more relevant than ever today: A woman who is admired or idealized for her courage, outstanding achievements, or noble qualities is considered a shero. These qualities seldomly come easy and are the result of hard work and dedication. To help you become your own shero, FTD has gathered nine tips from empowered women to set you in the right direction.

Take small steps but commit to the process and you’ll soon find yourself inspiring other women. Don’t forget to acknowledge the sheroes in your life by thanking them for being an inspiration and empowering women around them. By lifting each other up, we can create a supportive community that females across the globe will benefit from.

 

 

Why women in Tech Industry Still Experiencing Inequality?

Contributed article in our business series. Enjoy! – Kimberly

As well as we think we are standing right now in regard to our equality rights and performance, subgroups of minorities still exist where some individuals are better regarded than others. According to Pr News Wire (2019), 46% of women surveyed in an Ivanti Women Tech Survey 2019 stated that the marketing industry has not been able to completely close the gender gap to encourage more women to take part in the tech industry. Most of the women interviewed argued that stereotypes will determine men and women to be viewed as having separate roles within one company, with males being valued at a higher demand rate and thus women being disadvantaged.

Here are some of the main reasons women in tech industry are still experiencing inequality. Check them out to find more. You are welcome to add solutions and comments!

Highest paying jobs: predominantly male

The first reason why women in tech can sometimes show lower salaries than men are that, unfortunately, until now, most of the highest paying jobs in the technological world are predominantly male – and guess what? According to the Business Insider, women earn an average of 79 cents for every dollar that a man makes in the United States. One of the main issues is that women are being underrepresented in various leadership roles and positions, which is why this wage gap is bound to happen.Continue reading

9 Leadership Skills of Successful Women to Make Them Stand Out

Contributed article in our business series. Enjoy! – Kimberly

Gender equality in the workplace is gaining momentum, offering many opportunities to women leaders. This is good news for women who have been plagued by harassment, salary inequality and feelings of insignificance for years. Katrina Lake, founder and CEO of Stitch Fix, and the youngest CEO to lead a public offering, believes that decision-makers are starting to realize that being more inclusive of women is simply good business. 

Cultural transformations are taking place but they need to be translated into actions, whether it’s acing a job interview, successfully re-entering the workplace after a period of staying at home with children or developing leadership skills. Here are some of the skills successful women leaders need to stand out. 

  • Emotional intelligence

Emotional intelligence is the ability to understand and manage our own emotions, and those of others around us. It involves empathy, self-awareness and social skills. Emotions should never get in the way when making decisions. The more a woman is able to relate to and work well with others, the more success she will have. Continue reading

How to Promote Gender Equality in the Workplace

Contributed article in our business series. Enjoy! – Kimberly

In honor of the recent National Women’s Equality Day, we’re taking a look at how to promote gender equality in the workplace. 

Women have made so many strides in business over the past 50 years: they make up 47% of the workforce and are more likely than their male counterparts to have earned a bachelor’s degree by 29. Companies who invest in gender diversity see big economic returns, as companies who rank high in gender diversity categories are 15% more likely to outperform economic output averages. 

Despite these accomplishments, the global wage gap will still take 108 years to close at the current rate and women in the US earn 79 cents for every dollar earned by a man.

In order for women to be achieve workplace equality, they must be granted equal opportunity, access to top decision-making positions, and equal pay. A recent study revealed that this is closer to reality than ever before: the number of female CEOS of Fortune 500 companies reached an all time high in 2019. Yet this high sees only 33 women leading top companies in the US – that’s just 6.6%. 

For an organization to achieve gender equality, it needs to come from the top. Creating and cultivating an environment where women can work and thrive is a win-win for everyone. Discover 6 lessons from lady bosses and more tips for how your business can achieve gender equality with this visual created by Fundera.

Please click “Continue Reading” to see the entire infographic. Thanks!

Continue reading

Guide to Freelancing (Infographic)

Contributed article in our business series. Enjoy! – Kimberly

Whether you work a full-time job, already or are fresh out of school, it’s likely you’ve considered freelancing at one point or another. It’s a great way to gain a little extra income without too much commitment, and pick up new skills in an area of specialization. If you’re curious about freelancing, or are finding that you freelance client list keeps growing, you may wonder if you should simply freelance full-time.

While going freelance means you can work anytime and anywhere you want, it also means that your income is entirely dependent on the work you’re able to do. You gain more freedom, but you also lose some security. It’s entirely possible that you’ll have some months when you’re barely scraping by, and some months when you can’t seem to keep up. The unpredictable nature of freelancing can take a toll on your health and your finances if you aren’t prepared for the ride.

You’ll need a healthy emergency fund, good client communication skills, and a support system in place to make sure you don’t get bogged down by any setbacks. To find out whether or not you’re ready to freelance full-time, check out this visual by Turbo below:Continue reading

What is the Glass Cliff? (Infographic)

Career advancements often don’t come easily for women, what with facing gender discrimination on the job, struggling with pay inequality, and even dealing with sexual harrassment. If these obstacles were not enough, several female professionals also must confront the reality of the glass ceiling, the notorious barrier to achievement that often holds women back from reaching executive roles in corporations. Still, even for those high-performers that are able to successfully break the glass ceiling and take on top roles, far too many competent women are faced with yet another massive career challenge: the tricky paradox of the glass cliff.Continue reading

Top 5 Women in the Investment Game

Finance has always been a male-dominated profession, especially when it comes to positions of power. Women in finance face multiple hurdles on their way to the top. They are often underestimated and expected to work harder than male counterparts to prove their worth.  Additionally, women are often held to different standard and even simply overlooked when it comes to rising up in a work environment. These facts are supported by statistics, which show that even though women are actually 3 percent more effective than men in terms of leadership, only about 3 percent of top company CEOs are women.

If you want to make it big as a woman in finance, then consider finding a role model or mentor. Here are five women who have shattered traditional perceptions and made a name for themselves in the investment world:

 

Abigail Johnson, Chairman and CEO, Fidelity Investments

Called “the most influential woman in finance” by Boston Magazine, Abigail Johnson is a force to be reckoned with. Fidelity Investments is a 72-year old firm, but Johnson is “determined to remake her family’s company for a new generation. And she’s willing to shake up the old-boys club to do it.” She has been featured on many Forbes’ lists, including Forbes Most Powerful Women of 2018 with a rank of #5.

After over 30 years of working at Fidelity under her father, she was named CEO in 2014, and Chairman in 2016. Johnson is famous for pivoting away from traditional Fidelity strategies, and in her first year as CEO, Fidelity saw profits of over $5 billion for the first time ever. Apart from being an undoubtedly stellar female businesswoman, Johnson works with youth organizations to promote financial services as a career choice for young women through Fidelity’s Boundless program.

 

Linda Bradford Raschke, Professional Trader
Professional trading is a difficult field. Al Hill, co-founder of TradingSim writes, “First off, trading is honestly worse than a sales job or entrepreneurship when it comes to steady income. The level of uncertainty can be unbearable if you have never gone without a steady paycheck.” But the level of unpredictability didn’t stop Linda Bradford Raschke, who has made it to the top as a professional trader.

Starting off as a trader in the early 1980s, Raschke worked as a market maker for stock options. After working at the Pacific Coast Stock Exchange and then the Philadelphia Stock Exchange, she became a self-employed day trader. She has written a book on trading strategies that is widely featured in the media and is often called upon to lecture on trading for many renowned organizations like Bloomberg. Even though she is retired today, her legacy included two financial firms that bear her initials LBRGroup, Inc., a commodity trading advisor, and LBR Asset Management, a commodity pool operator.

 

Lubna S. Olayan, CEO, Olayan Financing Company

Lubna S. Olayan is the CEO of one of Saudi Arabia’s top companies, Olayan Financing Company. Not only is she responsible for 50 manufacturing companies, but she has also been featured on the Forbes’ “Most Powerful Women” list. Olayan is a great example of breaking barriers. As a Saudi woman in the 1980s, working in business was not considered socially acceptable. Even today, it is still rather uncommon for Saudi women to work outside the house.

But Olayan didn’t care much for these societal restrictions and didn’t let cultural perceptions get in her way. Today, she employs over 540 women in her company and is a strong advocate for women in the workforce. Her skill and perseverance led her to become the first female board member of a Saudi public company, Saudi Hollandi Bank in 2004. She has also served as a board member for Egyptian Finance Company and the investment bank Capital Union.


Aileen Lee, Founder and Partner, Cowboy Ventures
Featured on Forbes’ Midas list, Aileen Lee is the cofounder of Cowboy Ventures. According to Forbes, “Lee secured the #97 rank thanks in part to her investments in Bloom Energy, which could list on the public markets as soon as May and was most recently valued at about $3 billion; Dollar Shave Club (acquired by Unilever for $1 billion in 2016); and Rent the Runway, which raised funding this year at an estimated valuation of nearly $800 million.”

Sound investments aside, it is worth noting that Cowboy Ventures in one of the first VC firms to be launched by a woman. Previously, Lee worked at the prestigious firm Kleiner Perkins Caufield & Byers for 13 years. As a champion for women in the workplace, Lee is also a founding member of All Raise, which runs a one-on-one mentorship series for women in investment called “Female Founder Office Hours.”  

 

Marie Chandoha, President and CEO, Charles Schwab Investment Management
With over 35 years of investment experience, Marie Chandoha was named CEO of Charles Schwab Investment Management (CSIM) in 2010. Chandoha got where she is today by taking risks. For instance, as stated by Forbes, “she once took a role at a company heading an underperforming department. She knew the job could disappear if she didn’t turn the unit around and the parent company collapsed it.” Instead, Chandoha successfully made the department profitable again, allowing her to move on to other roles.

Prior to joining CSIM, Chandoha was the global head of the fixed-income business at BlackRock (formerly Barclays Global Investors). Chandoha is a strong businesswoman, but also has an innate concern for the well-being of others. She acts as a mentor to many women colleagues and encourages them to take career risks and stretch themselves. She is also an advocate of sustainability and owns a ranch with her husband dedicated to sustainable farming practices.

Being a woman in investment is no easy feat. With a multitude of various obstacles along the way to the top, much still needs to be done to even the playing field between men and women in business. That being said, if you’re a woman in finance looking to shatter the glass ceiling, don’t lose hope. After all, as proven by these five titans of the investment world, sheer grit and determination can lead to success.

“Age is not important unless you are cheese.”

Helen Hayes

“Age is not important unless you’re cheese.” – Helen Hayes, an American actress whose career is said to have span 80 years.

When I saw her quote for the first time, it made me think of two things:

  1. The really good cheese I enjoy that takes time to age.
  2. The people I know who are doing amazing things and “have aged” according to cultural concepts of aging.

One of those people who stands out to me is someone named Sherry Saterstrom. I met Sherry when I was a college student and she was a dance professor. She has the kind of voice recognizable from across a room. She expresses the energy of what she’s communicating in exclamations and punctuative sound. Similarly, she is nimble and quick, and the most energetic and curious person I have ever met. At the time, she was also almost 70 years of age.

Sherry Saterstrom

While I was at school, I took several of her dance classes, one of them I even took twice just because it meant more time around Sherry. We learned anatomy, physiology, evolution, somatics, dance, and improvisation, and practiced something we now call “Mindful Movement.” As students, we watched and learned as this limber and spritely woman showed us how with an attention to alignment you can be in the middle of lecture and discover you can do a handstand (this literally happened one day while we were in class).

When I think of someone who doesn’t let anything, like expectations around what someone at age 70 should be doing, I think of Sherry. In fact, her more recent jump from teaching into what most people call retirement also took a more unconventional route.

“Graduation”

After spending 30 years (of one year contracts) teaching dance at St. Olaf College, Sherry decided it was time for one great life phase to end. No, she wasn’t retiring. As a St. Olaf alumnus herself, she told everyone, “I’m finally graduating.”

During her time teaching at St. Olaf, she had never gone on sabbatical, so her first year after “graduation” she set aside as “sabbatical.” She gardened, cross country skied, cooked, organized her home office, and probably ate yummy cheese. But she didn’t sit around in the fridge like cheese. In fact, winter, when Minnesota feels the most like a refrigerated world, is when Sherry loves to be outside the most.

This year, she told me she’s looking for a market. She’s ready to start her own venture about mindful moving and fitness.

“This is an idea I had 20 years ago, but when I was thinking about it then, I was 20 years too early!” She says, “Today, even when I go to the Y for my cross fit class I hear the trainers talking about being mindful. Who knows, maybe I’m still wrong and it’s too early, but I think there’s a wider awareness now about what mindfulness is and that makes me look for a market to launch a venture offering new kinds of classes.”

Lessons about Age

Listening to Sherry’s story, I wonder: how did she know this was the idea she wanted to go for? In some ways, it was because it’s something that she has been fascinated by for decades. In other ways, it’s because she has seen other people talking about the concepts she wants to build a business around. Either way, her age has given her the advantage to see her idea in a broader context.

That tells me two things:

  1. We all have potential skills and value to offer already inside us. Like an expensive cheese, we have so much depth and richness that can create value in the world today. Potentially, even greater value the more we age!
  2. Hearing about other people thinking the same thing isn’t a bad signal. In fact, it may be a signal the idea you have is even more worth doing. Timing is critical in launching and getting traction around a business, and knowing your idea resonates with people who may be future customers is a great signal you’re onto something good.

While things are still early for Sherry, what I love about her journey into “retirement” so far is that it’s characterized by a clear intention to throw out the window all the things we think “should” happen as we get older. Instead, she plans to continue to be curious about what’s next. No venture is too big or too small when you set your mind to it and begin to see all the possibility. Who knows, maybe Sherry’s career in dance will eventually rival Helen Hayes’ career in acting. If you’re going to have that much life, what are you going to get up to?

Kirsten Schowalter is the founder of Aging Courageously and the author of the memoir In My Own Skin. Originally posted on Aging Courageously.