Three Tips For Business Leaders Navigating A New Normal

CIC Delivery Leader at IBM – ROW 

The raging pandemic is showing signs of ebbing in some countries but in others, it continues to peak. The world is opening up within small windows. So, in the current situation, how should projects be handled and delivered? This is my second article along similar lines but with more insight into current events and the best ways forward.

Online classes, meetings, conferences and webinars are still ruling the roost. There are bountiful features now available in online meeting applications that help make it more secure, reliable, safe, fast and economical. Travel is slowly starting up again, but some companies may still be wary of traveling, noting the time and costs involved. 

Big IT companies are opening up their offices for senior and leadership employees once or twice a week to gauge the readiness and preparedness of coming back to the office for their entire staff. Precautions like proof of vaccination, face masks, social distancing and a sanitized environment are being carried out. Still, the threat of infection lingers on and is preventing any fast decision to return fully to office. The operating models of many IT companies have changed and a new working model is in place. This has been mostly successful and the impact on the business and operations due to Covid-19 has been very minimal. Some of these changes in the operating model are bound to stay forever now.

From the employees’ viewpoint, they have become accustomed to working remotely, and not necessarily from home. Many would prefer to continue this same way rather than maneuver in the dense traffic and eat meals out. I see a mindset already in place for many employees to continue working remotely as much as possible. Many people have benefited from less stress and better habits in absence of a commute and long days at an office. This can have a rippling effect on multiple professions who are dependent on business from this segment of workers.

It must be noted, many of the retail, telecom, energy, construction, travel and hospitality companies are struggling to survive and many of them have already closed. There is an eagerness as well as a hunger to bounce back to get more business. On the contrary, food delivery vendors as well as big retailers like Amazon and Flipkart have come out with innovative ways to deliver goods and services.

The entertainment industry which had taken a major hit is bouncing back with innovations. Leaders like Netflix and Amazon Prime are grabbing this space and creating new business models to survive. But it is yet to be seen how successful these are over a period of time. Some industries and activities after this pandemic are never to return. Some will return in a new form, and some are waiting for the pandemic to get overlying low.

There are a few instances I would like to highlight below which have chartered new territories in working remotely. A news report coming from the PWC company has stated that 40,000 of its U.S. workforce are asked to permanently work remotely and never to return to the office. This new policy will impact professionals across client services, including consultants, auditors and tax professionals. The firm claims the move is the first among professional services firms to offer a permanent work-from-anywhere policy moving forward.

Another startup company in India, “Slice,” has offered a unique proposition to aspiring job seekers. They are offering a three-day work week with 80{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the current payout. The remaining days are available to them to follow their passions and other activities.

For business leaders continuing to plan amid uncertainty, there are a number of measures to consider in planning for the future. I and my team have undertaken many of them in response to the many changes brought on by the pandemic.

Flexible Working Options

One potential solution is to make remote work optional. This allows freedom, especially for those who cannot come into the office for medical or other reasons. You can also consider a partially remote setup. For example, employees can come into the office on three alternating days during the week with the rest of the time spent working from home. This would work for departments like operations, sales, HR and some projects which require strict access controls to be in place. The third option is complete remote work. Extend the fully remote option to employees whose presence is not required in the office. There are many projects that do not need a physical presence in the office to execute the work.

Modified Benefits Plan For Employees

Consider updating your benefits plan to include a wider range of services. This could include reimbursement of internet, mobile phone, power back-up equipment, and more.

Employee Connection

It can also be helpful to renew efforts to foster employee connection. This could look like a remote work lunch session. I have used this for many of my meetings. Employees prepare their own food or it is ordered online and delivered to each home.

Virtual birthday/milestone achievement sessions with a surprise gift delivered home is another way to keep up connections.

I and my team have implemented many of the above policies and have seen lower attrition levels, higher motivation from employees, and a generally happier state of mind from the team.

Is there an end of this dark tunnel of pandemic anywhere in sight? There seems to be, but it’s impossible to know for sure. Another variant or some other global threat is always a possibility. Times are changing and so are the demands. It is not very far away when I can confidently say “Work will not matter enough.”


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Houlihan Lokey Continues Expansion of Its Global Business Services Group With Senior European Hires | News

LONDON–(BUSINESS WIRE)–Nov 23, 2021–

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today several senior appointments to significantly build the firm’s global Business Services Group’s presence in Europe.

James Ireland joins Houlihan Lokey as a Managing Director and brings more than two decades of experience advising clients on both public and private M&A transactions as well as debt and equity capital raises in Europe. He joins from RBC Capital Markets, where he was Head of European Business Services. Prior to RBC, he worked within Citigroup’s Global Industrials Group, focusing on the services and construction sectors. He began his career with Coopers & Lybrand (now PwC) and is a qualified Chartered Accountant (ACA).

Guy Mullin-Henderson has joined Houlihan Lokey as a Senior Advisor to the Business Services Group in Europe. He has an investment banking career spanning more than 35 years, including 11 years as a Managing Director at RBC Capital Markets, where he successfully established the bank’s Business Services practice, and 11 years as a Managing Director at Rothschild, where he was Global Head of Business Services. Mr. Mullin-Henderson began his investment banking career at Baring Brothers in 1985.

James Sutch joins Houlihan Lokey as a Director with more than 15 years of experience across the business services sector. Mr. Sutch joins from RBC Capital Markets and previously worked in the Business Services teams at Rothschild and PwC Corporate Finance. He is a qualified Chartered Accountant (ACA).

The Business Services Group has been further strengthened with the addition of a team of 11 outstanding financial professionals through the firm’s recent acquisition of GCA Altium, headed by Managing Directors Oliver Vaughan in London and Axel Bauer in Munich, Directors Arthur Callaghan in London, Tom Battersby in Manchester, Sebastian Weindel in Munich, and Senior Vice President Timo Maier in Munich.

“We are delighted to welcome such an experienced and talented group to our global Business Services Group. Our success to date has been built on a combination of strong teamwork, unrivalled industry knowledge, and a fierce commitment to client service. As all of our new colleagues share these cultural attributes, we are confident that all will make huge contributions to the Group and our clients in Europe, working alongside Managing Director Jon Harrison,” said Larry DeAngelo, Global Head of Houlihan Lokey’s Business Services Group.

“At Houlihan Lokey, our Corporate Finance business is undergoing an unprecedented period of growth, adding further strength and depth to our global industry teams, and we believe it is that focus on sector excellence that sets us apart from the competition. Our Business Services Group has established itself as the leader in its field in the US, and our aim is to repeat that success in Europe. We are excited by the addition of this outstanding group of seasoned advisors to the firm,” commented Scott Adelson, Co-President of Houlihan Lokey.

With more than 90 industry-dedicated professionals across the firm’s global network, including now 25 in Europe, Houlihan Lokey’s Business Services Group provides superior service and achieves outstanding results for its clients in M&A advisory, capital raising, restructuring, and valuation. The Group has advised on more than 70 transactions over the past 12 months across every key global region.

About Houlihan Lokey

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the U.S., the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.

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Copyright Business Wire 2021.

PUB: 11/23/2021 03:00 AM/DISC: 11/23/2021 03:02 AM

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Today’s Business and Stock Market News: Live Updates

ImageJeff Bezos at the National Press Club in Washington in 2019. Since stepping down as chief executive of Amazon in July, Mr. Bezos has significantly raised his profile as a philanthropist.
Credit…Emma Howells for The New York Times

Former President Barack Obama’s private foundation announced on Monday that it had been promised a donation of $100 million from the Amazon founder Jeff Bezos.

The gift, the largest yet for the Obama Foundation, was one in a series of splashy donations by Mr. Bezos, one of the world’s richest men, in recent months. Last week, Mr. Bezos announced $96.2 million in grants to groups working to end family homelessness.

Since stepping down as chief executive of Amazon in July, Mr. Bezos has significantly raised his profile as a philanthropist, in addition to traveling to space on a ship made by his rocket company, Blue Origin.

In return for the donation, Mr. Bezos asked that a plaza at the Obama Presidential Center be named for the civil rights leader John Lewis, who died last year. The foundation broke ground on the center, which will include Mr. Obama’s presidential library, a museum, an athletic center and more, earlier this year.

“Freedom fighters deserve a special place in the pantheon of heroes, and I can’t think of a more fitting person to honor with this gift than John Lewis, a great American leader and a man of extraordinary decency and courage,” Mr. Bezos said in a statement released by the Obama Foundation. “I’m thrilled to support President and Mrs. Obama and their foundation in its mission to train and inspire tomorrow’s leaders.”

News of the gift was earlier reported by the online news group Puck.

It was neither Mr. Bezos’s biggest gift in recent months nor his first brush with Mr. Obama’s orbit. In September, Mr. Bezos, standing alongside John Kerry, Mr. Obama’s former Secretary of State, pledged $1 billion through his Bezos Earth Fund for conservation.

Credit…Matt Rourke/Associated Press

Target stores will close their doors for Thanksgiving Day, the retailer announced Monday, and will continue the policy every year moving forward.

The retail giant shut its stores on Thanksgiving Day last year, citing safety considerations during the pandemic. It has also started offering discounts for the holiday shopping season earlier in October instead of reserving those deals for Black Friday.

“What started as a temporary measure driven by the pandemic is now our new standard,” Brian Cornell, Target’s chief executive, said in a statement.

Target announced earlier this month that most stores would reopen at 7 a.m. local time on Black Friday.

Walmart has also said it would close its stores on Thanksgiving Day for a second year. Trader Joe’s and Aldi will also be closed for Thanksgiving.

Credit…Mike Kai Chen for The New York Times

[Follow live news coverage on the trial of Elizabeth Holmes.]

The high-stakes trial of Elizabeth Holmes, the founder of the collapsed medical start-up Theranos, is headed toward a dramatic finish. The latest twist came on Friday, when Ms. Holmes unexpectedly took the stand in her own defense, after the prosecution rested its case.

She testified for an hour, and is expected to continue on Monday. Ms. Holmes has been charged with 11 counts of fraud and faces up to 20 years in prison on each count. She has pleaded not guilty.

Whether Ms. Holmes would testify had been one of the biggest questions of the trial. Up until Friday afternoon, many legal experts predicted that she would not. The benefits of doing so, the experts argued, could be offset by the risks of cross-examination.

At first, her testimony raised concerns for her defense. Her lawyers’ strategy has been to paint her as inexperienced, led astray by others like her former boyfriend and business partner Sunny Balwani (who is being tried separately).

But on the stand, Ms. Holmes depicted herself as very much in control. She presented herself as an expert in the technology Theranos was developing and detailed how she used that knowledge to attract investors, whose money would eventually be wiped out.

She also rebutted a key argument by prosecutors. The prosecution sought to establish that Ms. Holmes withheld information, particularly financial reports, from investors.

On the stand, Holmes detailed the “very comprehensive diligence process” of Don Lucas, a venture capitalist who eventually invested in Theranos and became its chairman. The defense presented a 2006 email in which Ms. Holmes sent Mr. Lucas detailed financial information. (However, this may undermine another defense argument: that investors were careless and at least partially to blame.)

The trial is also a referendum on Silicon Valley’s start-up culture. If Ms. Holmes is found guilty, it would put truth-stretching start-up founders on notice. But if she is acquitted, it would bolster the tech industry’s “fake it til you make it” approach.

“A non-guilty verdict will vindicate a Silicon Valley culture of celebrating aggressive innovation at the expense of the complete and whole truth,” said Jeffrey Cohen of Boston College Law School.

Stock prices rose on Monday on news that Jerome H. Powell will be renominated for another four-year term as chair of the Federal Reserve, reflecting investor relief that he would remain at the helm of the central bank, whose monetary policy has been a key driver of the market’s remarkable run over the past two years.

“The announcement of Powell’s renomination ensures continuity in the stance on policy,” wrote Ellen Zentner, the chief U.S. economist at Morgan Stanley, in a note to clients shortly after the announcement.

The S&P 500 climbed 0.9 percent in the first half-hour of trading on Monday, to what would be a new closing high. The benchmark index is up nearly 26 percent this year.

Mr. Powell’s renomination shifted expectations in the bond market, where investors’ movements showed slightly increased expectations for higher interest rates in the coming years.

Treasury bond prices declined, and yields — which move in the opposite direction — rose. Government bond yields, which essentially act as the foundation for interest rates charged on new car loans, mortgages, multibillion-dollar Wall Street bond offerings and more are heavily influenced by market expectations about what the Federal Reserve will do with monetary policy.

Yields on the two-year Treasury note, which had been hovering around 0.52 percent before the announcement, climbed to 0.56 percent. The yield on the five-year Treasury bill, which captures market expectations for how the Fed’s monetary policy will evolve over the next few years, a topic of considerable debate in the market, rose to 1.29 percent shortly after the announcement.

The rise in bond yields suggests that at least some investors were betting that Lael Brainard, a Fed governor whom Mr. Biden will promote to vice chair, could have been instead chosen to lead the central bank. Many progressive groups had championed her to replace Mr. Powell.

Steve Sosnick, the chief strategist at Interactive Brokers in Greenwich, Conn., said the rise in yields were an indication that some bond investors had thought Ms. Brainard, who is believed to be less aggressive about interest rate increases, had a chance to be Mr. Biden’s pick.

Credit…Joe Burbank/Orlando Sentinel via Associated Press

The Walt Disney Company has paused a coronavirus vaccine mandate for employees of its Florida theme park after the State Legislature and the governor made it illegal for employers to require all workers get the shots, a company spokesperson confirmed Saturday.

Walt Disney World could have been facing fines under the policy, illustrating how even one of the most well-known tourism brands in the state has to deal with the headwinds of political debate over the pandemic response.

Source: State and local health agencies. Daily cases are the number of new cases reported each day. The seven-day average is the average of a day and the previous six days of data.

The Republican-controlled Florida Legislature delivered the bill blocking Covid-19 vaccine mandates on Wednesday and Gov. Ron DeSantis signed it into law on Thursday, casting the measures as an effort to protect workers who could lose their jobs for lack of compliance.

Governor DeSantis, also a Republican, has been at the forefront of the political fight to curtail mask and vaccine mandates, saying the push against those restrictions counters overreach from the federal government. “Nobody should lose their job due to heavy-handed Covid mandates, and we had a responsibility to protect the livelihoods of the people of Florida,” the governor said in a statement.

The Biden administration has ordered vaccinations for workers in large companies and members of the federal work force, but the effort has met resistance across the country. Florida is among states that have challenged federal mandates in court.

The new Florida law prohibits employers from enforcing strict vaccine mandates, allowing employees to choose exemptions that include health or religious concerns, pregnancy or anticipated pregnancy, and having had the virus and recovered from it. Unvaccinated workers could instead undergo periodic testing or wear protective equipment, at the employers’ cost. Fines for violation could cost $10,000 a day per employee violation for businesses with fewer than 99 employees or up to $50,000 per employee violation for larger businesses.

Government entities and school districts are also restricted by the Covid mandate ban.

Disney World previously struck a deal with employees to require theme park workers to be fully vaccinated against the coronavirus to keep their jobs, and the company defended that rule in a statement Saturday. “We believe that our approach to mandatory vaccines has been the right one as we’ve continued to focus on the safety and well-being of our cast members and guests,” the statement said.

More than 90 percent of active cast members in Florida have verified they are vaccinated, the company said, before it sent a memo to employees halting the mandate.

Walt Disney’s website tells visitors it has been “very intentional and gradual” in operating safely, recommending guests exercise caution: wearing face coverings, checking for symptoms and getting the shots. “We encourage people to get vaccinated,” it says.

Todd Gregory contributed to this report.

Credit…Stefani Reynolds for The New York Times

Tuesday

  • Retailer earnings: Another week of quarterly financial reports from big retailers will give investors more clues on whether supply chain disruptions are hampering businesses ahead of the holiday season. Best Buy and Dollar Tree are set to publish their reports on Tuesday for the three months ending October. Gap, Nordstrom, American Eagle Outfitters and Abercrombie & Fitch will also report on Tuesday.

Wednesday

  • Fed minutes: The Federal Reserve will publish minutes from the Federal Open Market Committee meeting that was held this month. Investors will get a clearer picture of any disagreements among Fed officials about whether they expect that inflationary pressures will persist.

  • Consumer sentiment: The University of Michigan will publish the final numbers of its survey of consumer sentiment for November. The survey measures how optimistic consumers feel about the overall economy. The index fell to its lowest level in a decade in early November.

Thursday

  • Markets closed: The New York Stock Exchange and Nasdaq will be closed on Thanksgiving Day, as will bond markets.

Friday

  • Black Friday: The traditional start of the holiday shopping season kicks off. Many shoppers have started early, concerned over whether product shortages and supply chain disruptions will make it harder to find the gifts they want.

Credit…Samuel Aranda for The New York Times

BARCELONA, Spain — Protesters in Barcelona are pushing back against foreign investment firms that have bought up thousands of homes over the past decade and are forcing out residents who can’t pay the rent.

Credit…Samuel Aranda for The New York Times
Credit…Samuel Aranda for The New York Times

Giant investment firms like Cerberus Capital Management, Blackstone and Lone Star have been snapping up properties across Spain at bargain prices since the global financial crisis that began in 2008. The firms then put them up for rent at a time when the country’s economy was on a stronger footing.

But the pandemic pushed the Spanish unemployment rate up to 15 percent and evictions nationwide spiked in the first half of 2021. The investment firm landlords sent out a slew of eviction notices to tenants across the country or canceled leases for those who fell behind on the rent, residents said.

In the streets of Barcelona, a group called War Against Cerberus decided to fight back.

When lawyers of private equity firms come with police officers to force residents from their homes, members of the group — some of them longtime housing activists — surround the building to block their entry. As residents are pushed out of apartments, the group sends squatters to occupy properties owned by the firms elsewhere in the city — sometimes breaking in to gain entry.

The activists even took over the offices of a Cerberus real estate servicer in Barcelona for a time last year.

Credit…Samuel Aranda for The New York Times
Credit…Samuel Aranda for The New York Times

According to War Against Cerberus, dozens of families have occupied buildings owned by private equity firms in Barcelona, which has long been a target of outside investors. That can translate into years of courtroom hearings and millions of dollars in legal fees to remove the squatters.

“This property belongs to Cerberus,” said Ana María Banegas, a resident who, along with a dozen other families, has occupied a building in central Barcelona since April and now refuses to leave. “And from this home, we aim to pressure them.”

Miquel Hernández, a spokesman for War Against Cerberus who helped Ms. Banegas find the home where she is squatting, accused the private equity firms of profiting from the economic distress caused by the pandemic.

“They’re treating them like any other asset,” he said, referring to the homes owned by the firms.

The problem has caught the attention of Spain’s national government, led by a left-wing coalition. It has proposed the imposition of rent controls on investment funds and other large landlords.

The proposed legislation, supported by Barcelona’s mayor, Ada Colau, would allow for rent caps for owners with more than 10 properties in areas where rent increases have outpaced inflation.

Credit…Samuel Aranda for The New York Times
Credit…Samuel Aranda for The New York Times

“We have to civilize a market that has gotten out of control,” said Ms. Colau, a former housing activist who rose to power with an organization that fought against foreclosures. “A problem that was bad before the pandemic has suddenly gotten worse.”

Spain imposed a partial moratorium on evictions for much of the pandemic, but only for those in “vulnerable situations,” such as single parents. In cases that went to the courts, the judiciary was seen as siding largely with the landlords.

In the first quarter of 2021, evictions of renters in Spain rose by 14 percent compared with the same period the previous year, according to the government. By the second quarter of this year, they surged to eight times as many as in the same period in 2020.

Samuel Aranda contributed reporting from Barcelona.

Credit…Laetitia Vancon for The New York Times

VIENNA — As Europe experiences a menacing fourth wave of the coronavirus, Austria entered a nationwide lockdown on Monday and the possibility of a vaccine mandate in Germany was under discussion as the only way to sustainably overcome the pandemic.

“Probably by the end of this winter, as is sometimes cynically said,” the German health minister, Jens Spahn, said on Monday, “pretty much everyone in Germany will be vaccinated, recovered or dead.”

Mr. Spahn has spoken out against a universal vaccine mandate in Germany.

The lockdown in Austria, in which people are allowed to leave their homes only to go to work or to procure groceries or medicines, will last at least 10 days and as many as 20 and comes after months of struggling attempts to halt the contagion through widespread testing and partial restrictions.

While Austria may be the first European country to respond with a lockdown, it may not be the last. That prospect, along with increasingly stringent vaccine mandates, has set off a backlash in Austria and elsewhere, with mass demonstrations in Vienna, Brussels and the Dutch city of Rotterdam over the weekend, sometimes punctuated with violent outbreaks.

Video

transcript

transcript

Austrians Protest Lockdown and Vaccine Mandate

Thousands in Vienna over the weekend demonstrated against the measures, which include a nationwide lockdown.

[drums] [chanting] [drums] [whistles] [drums]

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Thousands in Vienna over the weekend demonstrated against the measures, which include a nationwide lockdown.CreditCredit…Lisa Leutner/Associated Press

The new Covid wave is being driven by widespread resistance to vaccines and to the growing prevalence of vaccine and mask mandates. Austrian officials have said they will enforce a nationwide vaccine mandate in February, the first European nation to do so.

Austria, where 66 percent of the population is vaccinated, reported more than 14,000 new cases of the virus within 24 hours on Sunday. Over the past week the Netherlands has been averaging more than 20,000, while Germany has seen roughly double that number.

The German health ministry said on Monday that the country was facing a dwindling supply of the Pfizer-BioNTech coronavirus vaccine, which was partly developed in the country, as it races to provide booster shots.

And while the European Medicines Agency is poised to approve the vaccine for use on children 5 to 11 this week, first doses will not begin until Dec. 20, when shots for children are scheduled to be delivered to European Union countries, Mr. Spahn, the health minister, said.

The opposition to the lockdown and vaccine mandates in Austria is being fueled in part by the far-right Freedom Party, which has used its platform in the Austrian Parliament to spread doubt about the effectiveness of the vaccines and to promote ivermectin, a drug typically used to treat parasitic worms that has repeatedly failed against the coronavirus in clinical trials.

But the fury is not limited to far-right activists, as the throngs that filled Vienna’s streets on Saturday attested. The police estimated the crowd at 40,000, with many families and others far outnumbering the right-wing extremists.

6 business analyst resume tips

Maybe you’re interested in a job as a business analyst (BA), using data analytics to bridge the gap between IT and business. Maybe you’ve already got a BA gig but are looking for greener pastures — or a higher salary. To get your job search really underway, you need to get your resume together, so your LinkedIn profile and the email you’re about to send to your future boss puts your best foot forward.

We’ve given you resume advice before. But after speaking to a number of current and former business analysts, as well as career specialists and those who work with (and hire!) BAs regularly, we came away with some tips tailored for business analysts.

1. Target your resume

One of the oldest cliches in the book is to “dress for the job you want, not the one you have.” When looking for a job, your resume is the outfit you’re showing off to potential employers — and you need to match their sense of fashion. As Courtney Kirschbaum, a corporate career strategist who specializes in preparing corporate professionals for career pivots and upward career transitions, puts it: “A resume is written for the reader, not the candidate.”

“Pay attention to the job requirements that you are applying for,” says Dr. Maria Mirzaei, a career and leadership consultant who started her career as a business analyst, “and make sure it’s in alignment with the job description. If they want a more technical business analyst, then highlight your technical skills. If they are more interested in a business-oriented BA, then elaborate on your industry knowledge — and use language that demonstrates your deep understanding of their industry.”

Kirschbaum is even blunter about tailoring a resume for the specific job you’re applying for: “Your reader will not respond to what you write unless they see their own words on the page or the LinkedIn profile.” She’s seen plenty of resumes and knows that far too many are nowhere near specific enough.

“The advice I would give any business analyst who is serious about their career: Don’t load your resume and LinkedIn with catchphrases like ‘highly motivated self-starter and team player’ or ‘proven servant leader who helps organizations with transformation,’” she says. “They don’t work, and they communicate that you have no idea how you add value or how to say how you add value.”

2. Use projects as the building blocks

While it may not seem intuitive or comfortable at first, the best way to be ready for a career pivot is to document what you’re doing now so you can brag about it later. For a business analyst, that means keeping track of specific projects to which you’ve contributed, not just maintaining a list of employers.

“Diarizing your accomplishments and creating a thorough portfolio of the results you’ve helped deliver is one of the best things you can do to ensure your resume is the best it can be,” says Zoë Morris, president of Mason Frank International. “Keeping this achievement log up to date should be a weekly exercise — you should see it as a touchstone rather than a chore. It’s easy to forget projects and the achievements that resulted from them, so keeping a record is extremely important.”

Having material to draw from makes it easier to focus your resume for each job opening. “Charting your wins means you can see your own growth and personal strengths as you go, making it much easier for you to pull out the most relevant skills when customizing your resume for a particular business analyst role,” says Morris.

Diane Davidson, owner of Clever Fox Advisory, agrees with this project-oriented approach. Moreover, she structures each project on her resume using what she calls the VAR (vision, action, result) format:

  • Vision: “The desired goal of the initiative.”
  • Action: “The role that I played in the project.”
  • Result: “This is the outcome of the project, and the most critical part. I always try to tie the benefit to a dollar value or other metric.”

Davidson shared a bullet point from her own resume to demonstrate what the VAR format looks like practice:

Continuous improvement manager leading the process improvement initiatives related to the centrally managed procurement (CMP) process and virtual legal entity strategy. Provided recommendations to unlock trapped value in the CMP process to achieve the benefits realization schedule of $7 million for Q3/Q4. Transitioned to the deployment lead responsible for managing the Performance Improvement team to address operational and systematic issues.

3. Use numbers for context and storytelling

Other experts we spoke to agreed with Davidson that numbers are important. As a business analyst, part of your job will be nailing down the numbers that illuminate the outcomes of business processes, so it’s all the more important that you show those results on your resume.

“If your efforts improved certain measurables, percentages, and revenues, or saved time, make sure you list these numbers,” says Matt Collingwood, managing director at VIQU. “These tangible successes make your experience stand out.”

In fact, it’s not just your results that can (and should) be quantified on your resume, says Kirschbaum; it’s everything that led up to them as well. “Get the budget for every project,” she says. “Count the team members and vendors you worked with or supervised. How large was the company you worked for? How many employees did they have? What is their market value? All these matter.”

4. Show your process, and your tools

Anything that showcases on your resume how you delivered results can only help you. “While nearly all resume-writing articles agree that showing results on your resume are critical, explaining how these results were achieved is frequently the differentiator,” says Alan Jacobson, chief data and analytic officer at Alteryx. “A candidate who knows how to re-engineer a process, leverage analytics and process automation techniques, with the ability to execute in a data-driven manner is incredibly important to most organizations.”

Explaining the how can also give other items on your resume extra weight and authority. “Almost every applicant will say they are advanced in things like Excel or Python,” says Lindsay Francis, a business analyst in the publishing industry in New York City. “But are they really? Maybe, but maybe not. Be sure to specify how you use such programs and describe the results you produce.”

In fact, you should be digging deep into everything you’ve done to make it clear what you know how to use and what you’ll be ready to do by day one. Anton Derkach, delivery manager of Intellectsoft, says that tech leaders involved in the hiring process will particularly want this information. “It would be great to specify what artifacts the analyst had to work with (backlog, epics, user stories, project scope breakdown, scope of work, change requests, etc.) and what tools were used for documentation (Confluence, Jira, Spreadsheets, emails, UML Diagrams, etc.),” he says.

That said, tailoring your resume to fit its readers means being inclusive of various levels of technical knowledge, given that will likely be more than one reader of your resume anywhere you apply. “Many times, an HR rep will be the first to review your application, so feel free to briefly describe what software and programs you use,” says Francis. “If you use Tableau, you could add that this is data visualization software. Not only will this give the HR rep an idea of the software if they are unfamiliar with it, but it will also help get your resume through any automated filtering programs the company may be using.”

5. Sell your skills

Even if you don’t have experience specific to the industry you’re applying for, tailor your application to the job as best as you can by figuring out the skills you can boast about that might apply. “The beauty of being a business analyst is that it is possible to move around different industries,” says Francis, whose career began in healthcare before she moved to publishing. “Presenting adaptable and versatile skills on your resume is a great way to stand out. A hiring manager may want an applicant who is familiar with the industry — but more times than not, they want someone who is adaptable and capable of doing the work.”

This is true whether you’re a business analyst new to your target industry or you’re looking to lock down your first BA job, says VIQU’s Collingwood. “Where have you displayed requirement gathering abilities, probed for details, illustrated good attention to details and people management skills?” he asks. “Think about where you have used these in your previous jobs or even through your degree.”

6. Keep it short, recent — and free of errors

We’ve given you a lot of suggestions here, but don’t take that to mean your resume should be an epic tome. “Keep it concise,” urges VIQU’s Collingwood. “Your CV should be two or three pages at most. Don’t be tempted to write more.”

One way to pare that down is to showcase your latest successes: “Make sure your most recent projects get more detail, and roles from a decade ago only get a single line,” he says. (Though that doesn’t mean everything should be a strictly chronological list; remember what we said about pulling out the most relevant projects for your target job.)

And finally, Collingwood offers the same (very good) advice that job seekers have gotten since time immemorial: “This sounds obvious, but proofread your CV. I’ve lost count of the number of times clients have pulled candidates up for their attention to detail, and as a business analyst, attention to detail is very important.”

Correctly spelling the name of the company you want to work for won’t get you that job on its own, but spelling it incorrectly will certainly lose it for you.

Copyright © 2021 IDG Communications, Inc.

Business Services and Solutions for Healthcare Professionals

The healthcare industry is a rapidly growing industry that has both unique and everyday challenges. The people in the healthcare profession have to be up-to-date on the latest research, treatments, and technologies to provide quality care for their patients. For this reason, there are many business services and solutions available for professionals in the field of medicine. This article will discuss some of these services such as:

  1. Web Design and IT Services

Although their primary focus is on healthcare, healthcare professionals constantly need an IT service provider to help with web design. A great deal of technology goes into making today’s websites more effective and easier to navigate and use than ever before.

Healthcare professionals can better market their business and increase revenue and patient retention with the right website design.

  1. Payor Contract Management Specialist

The tremendous growth of payor contracts and negotiations in the health sector has made it necessary to address these arrangements more effectively.

The need for a Payor Contract Management Specialist is real, and the field continues to grow as insurance companies continue to dominate healthcare. For this reason, when looking for a payor contracting company, it is crucial to look for one that has the resources and experience necessary to be effective. They should have a dedicated Contract Specialist, someone who knows how to succeed in this role. These individuals are responsible for the day-to-day management of contracts and negotiations with health plans, coordinating resources across different functional groups within their organization on contract-related assignments.

  1. Medical Records Management

In the healthcare sector, records management is a critical part of the business process. It can have severe impacts on patient safety and care and revenue loss if not done correctly. That being said, many healthcare professionals are looking for a reliable yet cost-effective medical records management solution to help them effectively manage patients’ information in their ever-complex world.

Medical records management encompasses anything related to handling paper or electronic health records (EHR). It may include processes like data entry into databases, arranging files, filing physical documents, moving old files out of storage, transferring new/updated content onto CDs or DVDs, managing off-site files by storing backups remotely via cloud computing solutions, etc., retrieving archived patient information upon request from hospital staff members, etc., securely destroying files and papers, etc.

  1. Medical Billing Services

Medical billing is the process of submitting claims to health insurance companies for services provided to patients. It is an integral part of the revenue cycle for medical offices and clinics.

Medical billing can be complicated, so it is essential to work with an experienced outsourced billing company specializing in healthcare services. With an experienced team of billing experts, you can focus more on patient care while your medical practice benefits from streamlined revenue generation.

The healthcare sector is growing daily, and with it, the need for qualified professionals. The demand is outpacing supply in many areas of healthcare, which means that hospitals are looking to outsource certain business services and solutions. This blog post explains that this can include everything from transcription, billing services, or coding assistance to patient care management programs.

3 Business Services Stocks With Solid Dividend Payouts

The Business Services sector, despite the coronavirus-induced market uncertainty, has been steadily gathering steam on the back of gradual resumption of business activities, increased adoption and success of the work-from-home model, rise in demand for risk mitigation and consulting services, and expertise in improving operational efficiency and reducing costs. Providers of essential and non-deferrable services, such as waste removal and building maintenance, remained resilient to the pandemic-induced disruptions.

– Zacks

Owing to its widely-diversified nature, the sector seeks to benefit from the growth of the overall economy, which is expected to strengthen further on the success of the ongoing mass vaccination program, continued government response in the form of pandemic-relief packages, expanded unemployment benefits and relaxation of restrictions.

In view of the aforementioned favorable trends, several business services firms such as Charles River Associates CRAI, Automatic Data Processing, Inc. ADP andWaste Connections, Inc. WCN have chosen to reward their shareholders with dividend hikes. We believe consistency in rewarding shareholders through dividend payments or share repurchases not only boost investor confidence but also positively impact a company’s earnings per share.

3 Companies That Rewarded Shareholders

Charles River Associates: This Zacks Rank #2 (Buy) Massachusetts-based consulting company has increased its quarterly dividend rate by 19.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, from 26 cents per share to 31 cents per share. The increased dividend will be paid out on Dec 10, 2021 to shareholders of record at the close of business on Nov 30. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Despite coronavirus-induced adversities, Charles River Associates’ top line has been doing well on the back of strength across services, geographies and improved utilization and headcount increase. Charles River Associates recorded double-digit revenue growth in Financial Economics, Forensic Services, Antitrust & Competition Economics, Labor & Employment, Marakon, and Risk, Investigations & Analytics practices. Geographically, growth was witnessed across North American and international operations.

The Zacks Consensus Estimate for Charles River Associates’ 2021 EPS has moved up 7.6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the past 90 days. The company’s expected earnings growth rate for the year is 61.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. Additionally, it has a long-term (three to five years) expected earnings growth rate of 15.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The company has a trailing four-quarter earnings surprise of 50.9{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, on average. The stock has rallied 95.1{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} so far this year.

Automatic Data Processing: This Zacks Rank #3 (Hold) New Jersey-based company recently announced a dividend hike of 11.8{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, thereby raising its quarterly cash dividend from 91 cents per share to $1.04. This reflects Automatic Data Processing’s 47th consecutive year of increased cash dividend. The raised dividend will be paid out on Jan 1, 2022 to shareholders of record on Dec 10, 2021.

Automatic Data Processing continues to enjoy a dominant position in the human capital management market through strategic buyouts like Celergo, WorkMarket, Global Cash Card and The Marcus Buckingham Company. It has a strong business model, high recurring revenues, good margins, robust client retention and low capital expenditure. The company has a lower risk of insolvency. Further, Automatic Data Processing continues to innovate, improve operations and invest in its ongoing transformation efforts. Effective cost containment measures have helped the company improve its margin performance. Automatic Data Processing is also witnessing new business bookings and client retention in these challenging times.

The Zacks Consensus Estimate for ADP’s 2022 EPS has moved up 2.4{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the past 90 days. The company’s expected earnings growth rate for the year is 12.3{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. Additionally, Automatic Data Processing has a long-term (three to five years) expected earnings growth rate of 12{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The company has a trailing four-quarter earnings surprise of 9.7{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, on average. The stock has rallied 33.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} so far this year.

Waste Connections: This Zacks Rank #3 Canada-based waste removal services company has hiked its quarterly dividend by 12.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, from 20.5 cents per share to 23 cents per share. This reflects Waste Connections’ 11th consecutive double-digit percentage increase since the initiation of dividend payment in 2010. The increased dividend will be paid out on Nov 23, 2021 to shareholders of record at the close of business on Nov 9.

A sequential improvement in solid waste volumes and increased recovered commodity values have been aiding Waste Connections’ top line. The company’s focus on secondary and rural markets to garner a higher local market share is appreciable. The company has optimal asset positioning to generate higher profitability. Acquisitions have been helping Waste Connections in expanding its global presence and strengthen its product portfolio.

The Zacks Consensus Estimate for WCN’s 2021 EPS has moved up 2.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the past 90 days. The company’s expected earnings growth rate for the year is 21.9{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. Additionally, it has a long-term (three to five years) expected earnings growth rate of 13.6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. Waste Connections has a trailing four-quarter earnings surprise of 6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, on average. The stock has rallied 33{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} so far this year.

The chart below shows the price performance of the aforementioned stocks compared with the broader Zacks Business Services sector so far this year.

Zacks Investment ResearchImage Source: Zacks Investment Research

Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Automatic Data Processing, Inc. (ADP): Free Stock Analysis Report
 
Charles River Associates (CRAI): Free Stock Analysis Report
 
Waste Connections, Inc. (WCN): Free Stock Analysis Report
 
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