WorkHappy Wrap: #BigBroCEO, #BigSisCEO, Silver Tsunamis and more from a busy week in the workforce
by Jennifer Sigler | May 15, 2017 | Workhappy Blog
First-born children are 30 percent more likely to become CEOs than their younger brothers and sisters. Sibling rivalry never looked so one-sided!
While there has been some significant job movement last week (F.B.I. Director James Comey lost his, and retail food giant Whole Foods replaced five of its directors and named a new CFO), as well as some disappointing first-quarter earnings reports (both Macy’s and Snap are not pleased), the topic of jobs has also taken center stage in some thought-provoking feature-esque pieces that are easy to miss with the aforementioned hoopla going on.
But we’ve got you covered. Here’s what happened:
Born to be Boss: “Born leaders” are real — if they’re born first. According to new research, first-born children are 30 percent more likely to become CEOs. So all those years of bossing around younger sibs was actually training, not selfish (feel free to pause now and call your mother to explain it to her). Derek Thompson for The Atlantic contextualizes this phenomenon, citing additional research that IQ is also strongly associated with birth order. Oldest siblings are entrusted with more responsibility, and held to a standard that typically wanes with each additional child. Therefore, they begin to develop leadership skills very early on in life. Younger siblings tend to get more creative in developing ways to get more attention — which often translates into a more creative profession in adulthood. Basically, what you wanted to be when you grew up was, in part, affected by how many siblings you have and where you are in the line up.
In the Wake of a Tsunami: A ‘Silver Tsunami,’ that is. This is what many economists are calling the massive impending shift in ownership of small businesses. Baby Boomers are getting ready to retire, and what they decide to do with their businesses could have a big impact on employees. The options? (1) sell (2) pass it down to another family member or (3) shut it down.
According to a recent study, approximately 2.34 million of Baby Boomer-owned businesses employ 24.7 million people. To save these jobs, business owners need to get proactive on their succession plans, stat.
Work Experience Preferred: Harvard Law School wants applicants who already have experience in the real world, and they want it bad enough to expand their deferral program. What’s this? In 2014, the college initiated a deferral program offered to Harvard juniors, who could apply and defer admission pending completion of their degree and two years of work experience in the form of jobs, internships, fellowships or the like. Doing anything. This week the school announced that the program is expanding to include applicants from other universities. Students are able to pursue other important experiences without having to worry about applying to school later, and Harvard Law is starting to see a turnaround in enrollment. Everybody wins.
JOB OF THE WEEK:
Village Capital is well known for finding, training and investing great entrepreneurs. They also believe that entrepreneurs make the best investors, and are looking to hire an Entrepreneur in Residence. This is only the perfect job for anyone interested in investing in the next generation of entrepreneurs. You need to have expertise in one of Village Capital’s target areas (health, education, agriculture, energy or fintech), preferably from starting your own company, have at least three years of experience in leading your company, as well as an insatiable intellectual curiosity. The trade off? You get to build an enviable network of contacts that will inevitably launch you to the next stages of your career. NBD. Not to mention you get to pay it forward.