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A New Talent Leader At Guild, Fauci’s Career And Sick Leave For Rail Workers

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Here is the published version of this week’s Forbes Careers newsletter, which brings the latest news, commentary and ideas about the workplace, leadership, job hunting and the future of work straight to your inbox every Wednesday. Click here to get on the newsletter list!

This is a newsletter about careers, but we don’t often cover the moves executives make from one job to another. We do, however, when they’re notable, and this one qualifies: Former Patagonia head of human resources Dean Carter is taking on the chief people officer job at Guild, the upskilling and education platform.

But Carter’s move is interesting not just because he’s a much-followed figure in the H.R. world who hails from a company known for its onsite childcare, bail reimbursement programs employees who get arrested for protesting issues and four-day workweeks every other week. (The latter started, Carter told me, to help retain employees who were mountain climbers and skiers but didn’t have enough time to regularly get away from southern California for the weekend. Sounds nice!)

It’s also because he’ll take on a much more externally facing role than many CHROs typically have. When Rachel Romer, Guild’s CEO and cofounder, recently decided to redesign the chief people officer role at her company, she wanted something different. “The job is as much being the leader of the chief people officer community that we work with as it is focusing inward,” says Romer, comparing it to chief technology officers at tech companies who run internal systems but also act as tech advisers for their customers. “We’re a human capital company, so we wanted to have a broader chief people officer remit that looked externally.”

At Guild, which has roughly 1400 employees, Carter’s early focus will be on career paths for employees and continuing to work on diversity and inclusion internally. But his job will also be to help develop Guild’s leadership team and work externally with Guild’s CHRO partners. He plans to create a consortium of leading CHROs, develop a curriculum that H.R. leaders can take through Guild’s marketplace to develop their careers and serve as an advocate for H.R. leaders in webinars and events.

“We have an opportunity to really shape the future of work,” Carter says of the ideas he hopes will drive these external conversations. “We had a moment where the future of work was how you consolidate the opportunity for everyone into just a few people, and I think we have to figure out—all of us, not just a few—how to spread opportunity across lots of people.” For more on the story, check it out here.

—with assistant editor Emmy Lucas


FEATURED STORY

Everyone SBF Planned To Blame In Front Of Congress Today — Before He Was Arrested

Talk about a career crash. Sam Bankman-Friend was arrested Monday in the Bahamas, charged with eight criminal counts that include wire fraud and campaign finance violations. He was planning to testify before Congress on Tuesday about the dramatic collapse of his cryptocurrency exchange; Forbes obtained the testimony he was going to give and reporters Sarah Emerson and David Jeans report on all the people he planned to blame.


WORK SMARTER

It’s performance review season. Here’s how to deal with a bad one.

Try these five tips for coping with a toxic co-worker.

‘Tis the season for social events. Here’s advice on holiday networking—even for those who struggle.

The end of the year calls for self reflection. Think about these ideas when it comes to your future success plan.

Here’s how to get your resume noticed by those applicant tracking system softwares.


ON OUR AGENDA

The power of tenure: In a period of increased “job hoppers,” Dr. Anthony Fauci is stepping down at the end of this year from his post as director of the National Institute of Allergy and Infectious Diseases—a role he has held for nearly four decades. Forbes contributor Tess Brigham outlines the pros and cons of working at the same company for the majority of your career. Meanwhile, contributor Edward Segal details the crisis lessons to be learned from Fauci’s leadership.

Layoffs continue: Forbes is tracking the biggest layoffs in the U.S. this year as companies react to fears of a recession. Banking giant Goldman Sachs is finalizing plans to cut more than 400 retail banking jobs, Bloomberg reported, in addition to its new policy that will annually fire between 1 and 5% of its lowest performers, the New York Times first reported in September.

Sick leave: A group of 73 Congress members is urging President Joe Biden to use an executive order to ensure guaranteed sick time for rail workers. Some progressives faced blowback for voting in favor of an agreement between unions and the rail industry that did not guarantee paid sick leave, Forbes’ Nicholas Reimann reports.

Economic outlook: As stock values collapsed last quarter and the Federal Reserve works to combat inflation, the wealth of American households has evaporated—dropping by more than $6.8 trillion this year, Forbes’ Jonathan Ponciano reports. Senior contributor William Baldwin explains what bond buyers should know about the consumer price index.

New program aims to help expand career opportunities: The U.S. National Science Foundation created a new workforce program, dubbed Enabling Partnerships to Increase Innovation Capacity, to award $20 million to community colleges, HBCUs and minority-serving institutions. The goal is to help faculty and administrators expand programs that lead to emerging technology jobs and startups, Forbes contributor Shalin Jyotishi writes.


BOOK CLUB

In the newly released The Way Up: Climbing the Corporate Mountain as a Professional of Color, authors Errol L. Pierre and Jim Jermanok provide actionable advice on climbing the corporate ladder.

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