
Talent retention: A new approach to hiring and developing employees
In a rapidly changing economy — where AI will reduce the importance of some technical skills even further — it is more important than ever that companies focus on talent that is driven to contribute and continually learn.
The Human Potential Network, which is backed by Stand Together, Western Governors University, and Walmart.org, aims to help employers transform their talent practices so they can better source and develop workers capable of consistent evolution.
HPN brings together employers, investors, and workforce and education innovators to accelerate an already-growing talent development movement that centers on each person's unique attributes and desire to contribute.
At the inaugural Human Potential Summit last fall, employers, investors, and workforce and education innovators came together to rebuild and refine hiring and talent development practices to better reflect the modern economy.
The second Human Potential Summit, the Network's flagship annual event, convenes 300 leaders who have achieved business value through human-centered talent strategies and are looking to further break down silos, seed innovation, and forge new partnerships. HPN is actively seeking business leaders to join the movement. Sign up at the website here.
I talked with HPN's founding partner, WGU President Scott Pulsipher, and one of the Network's advisory council members, Patti Constantakis from Walmart.org, about the value they find in HPN. Here is the first part of our conversation.
This interview was edited for clarity and length.
Stowers: What sparked your organization's interest in the Human Potential Network?
Pulsipher: The core of WGU's mission is to change lives for the better by creating pathways to opportunity. We firmly believe talent is truly universal, and opportunity is abundant. But the means and mechanisms, or the systems and pathways by which we telegraph talent and opportunity, are not as effective as we need them to be.
We are not tapping into all the talent that is resident in every individual. We need to be thinking about developing, inventing, and scaling more effective means by which we can make these pathways to opportunity more accessible, more relevant, and more traversable. This is where I think the Human Potential Network starts to come into effect.
Constantakis: The Human Potential Network naturally fits and aligns with Walmart.org's mission. It leans into the way we think about things, which is how to activate the entire system around fostering human talent. We're looking for systems change — how is it that we can really think about our full talent system and actually transform it?
The Human Potential Network focuses on human capital and economic mobility. From an employer's point of view, people are our most important asset, and we're looking to understand where those ladders of opportunity are for people and how we can actually create those ladders of opportunities for our associates.
What I believe the Human Potential Network is trying to do is transform our talent system into one that that recognizes an individual's skills, aptitudes, and unique experiences. It's trying to create an agile, skilled workforce that's well positioned to adapt to these changing times and technologies.
WGU President Scott Pulsipher speaks at the inaugural Human Potential Summit last fall. The second Summit is set for November in Utah.
Stowers: That's awesome. And at Stand Together, we really believe it's not just large employers that need to be thinking about the future of work. Whether you're a large retailer, a web design company, or a wine shop, these principles apply. But tell me: Why now? Why is the Network so essential at this current moment?
Pulsipher: Data shows the gap between the readiness of college graduates to contribute and the reality of what employers are looking for has been widening for two or more decades. And it's only going to grow with artificial intelligence and the digitization of the workforce itself. If there were ever a time when we needed greater alignment between talent development pathways and employers, this is it.
The workforce is so rapidly changing that employers need to be more active in setting expectations for what the talent needs to do, what people need to be capable of contributing, and what skills and knowledge they need to possess.
Constantakis: It feels like we're at this crossroads. Things are moving and changing really quickly, so our talent needs are changing very quickly. There are jobs that we'll need to fill in three to five years that we don't even have a clue about right now.
Current talent ecosystems are just woefully unprepared to handle that kind of change. We simply move too slowly. Our education and training systems are not aligned to the jobs of the future. So, ultimately, what we need here is an agile, adaptable talent system that is going to help us create an agile, adaptable workforce.
To create that system, we must bring people together, and that's the sort of transformation I think we'll get with the Network. When you bring people together in a collaborative situation, you get the best ideas. We just can't do this alone.
Patti Constantakis and Walmart.org have facilitated conversations with employers about how to transform talent ecosystems to create a more agile workforce.
Stowers: Thank you, that's so helpful and I'd like to drill down a little more on the employer side. Why should employers engage with the Network, and how will it benefit them? What are the pain points they are facing now that would be alleviated by joining this movement?
Constantakis: I think most employers would agree that we need an agile workforce. We need to close our skills gaps and all of that big stuff, but what is not clear is how to execute that change and transformation. At Walmart.org, we've taken a lot of different kinds of steps to try to facilitate this with employers, but we still haven't cracked this problem.
What I like to tell people is that we've started on this journey, but we run into a lot of challenges, whether it's technology or something else.
Pulsipher: Patti articulated the value well. I think the Network will help all of us collectively crystallize the problems or the challenges we're trying to address and synthesize them in a very actionable way. The Network then will activate its many participants to collaborate and engage together to advance solutions and designs of new processes, or mechanisms, or even technologies that are needed to not only benefit each individual employer organization but also the overall talent ecosystem.
Are you an employer trying to modernize your talent acquisition and development strategies? Join the Human Potential Network.
The Human Potential Network brings together employers, investors, talent innovators, and education providers to catalyze a talent development movement that centers on the individual and unlocks potential through skills and strengths. Learn more about its upcoming Human Potential Summit, taking place this November.
The Stand Together community partners with changemakers who are tackling the root causes of America's biggest problems.
Learn more about Stand Together's efforts to transform the future of work and explore ways you can partner with us.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
Wayfair Poised For Q2 Sales Beat On Strong Inventory, Vendor Promotions
Wayfair (NYSE:W) is gearing up to release its second-quarter earnings before the market opens on August 4, with expectations of surpassing Street estimates for both sales and profitability. On Monday, Bank of America Securities analyst Curtis Nagle reiterated a Neutral rating on Wayfair, setting a price forecast of $60. Nagle's projection of $3.15 billion in second-quarter sales surpasses the Street's consensus of $3.12 billion. This more bullish outlook is attributed to stronger-than-expected industry trends, increased inventory availability driven by higher utilization of Wayfair's CastleGate system, and effective vendor-funded analyst's EBITDA estimate of $153 million also exceeds the Street's $146 million, fueled by expectations of higher gross profit dollars due to greater flow-through and leverage from Selling, Operations, Technology, General & Administrative expenses, particularly from a right-sizing of the company's tech headcount. Supporting these positive trends, Bank of America's aggregated credit and debit card data indicated a slight improvement in online furniture spending, which declined by 0.8% year-over-year in the second quarter, compared to a 1.6% decline in the first quarter. Nagle suggests that these improving trends could signify a pull-forward in demand and increased promotional spending, although this might potentially come at the expense of industry sales later in the year. He further noted that accelerating web and app trends suggest Wayfair is continuing to gain market share, driven by better product availability and vendor-funded promotions. Consequently, Nagle raised his second-quarter sales estimate by 1% to $3.15 billion and his EBITDA estimate by 2%. Looking ahead to the third quarter, Nagle also increased his sales estimate by 1% to $2.86 billion, which aligns closely with the Street's estimate of $2.87 billion. This adjustment reflects the better-than-expected performance of consumer spending and the broader furnishings category. Furthermore, concerns regarding tariffs appear to be easing following Vietnam's trade deal, despite an August 1 deadline. The extended Black Friday in July event also indicates a healthy supply on the site, likely as vendors increasingly leverage CastleGate. Nagle sees this event as an additional opportunity for Wayfair to drive incremental sales. However, he maintained his fourth-quarter estimates, primarily due to tougher year-over-year comparisons. While tariff concerns are abating, they remain a significant point of discussion for Wayfair. As such, topics on the upcoming earnings call are likely to revolve around the potential impact of tariffs on second-half 2025 trends and how vendors are navigating these challenges, particularly through CastleGate, vendor-funded promotions, and renegotiations. Nagle observed that the current share price already reflects the potential upside from easing tariffs and healthy supply trends. Price Action: Wayfair shares are trading lower by 1.51% to $55.59 at last check Monday. Read Next:Image via Shutterstock Latest Ratings for W Date Firm Action From To Feb 2022 Credit Suisse Maintains Outperform Feb 2022 RBC Capital Maintains Sector Perform Feb 2022 Needham Maintains Buy View More Analyst Ratings for W View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? WAYFAIR (W): Free Stock Analysis Report This article Wayfair Poised For Q2 Sales Beat On Strong Inventory, Vendor Promotions originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
4 minutes ago
- Yahoo
Embrace the chaos: A Morgan Stanley derivatives exec on life at the desk
Sales and trading desks have thrived amid market volatility this year, boosting bank revenues. To decode what industry upstarts need to succeed, BI spoke to a top exec at Morgan Stanley. Iliana Bouzali, a global derivatives head, shared her advice and experience on the trading floor. When you think about Wall Street, you usually think about M&A — but with dealmaking in the slumps, big banks' sales and trading desks have become the stars of the show. In the first half of the year, several major banks reported record-breaking revenues from helping institutional clients, such as hedge funds and pension funds, trade stocks, bonds, and derivatives. A volatile 2025 market has brought more price swings, more trading opportunities, and more client activity than ever before. With all eyes on this booming business, Business Insider set out to shine a spotlight on Wall Street's sales and trading business. What's life like at the desk? What does it take to thrive in this fast-paced job? And what should young people aspiring to work in sell-side sales and trading know? For answers, we turned to Iliana Bouzali, global head of derivatives distribution and structuring for Morgan Stanley. She started her career as an intern at Morgan Stanley in 2003. She was pursuing an economics degree at Yale when she fell in love with the trading floor and never looked back. "The energy of a trading floor is like nothing else. It's not for everyone, but if you like it, you love it," she told Business Insider. "It's a very flat architecture, there's no hierarchy. If you have something useful to say, you say it. If there's a problem to solve, it doesn't matter what your title is, you solve the problem. And it can be very infectious, so I was hooked." Whether you're pitching clients on the products they need to grow and protect their portfolios (sales) or executing on those orders (trading), Wall Street trading floors are known as fast-paced, high-intensity environments where people thrive on the adrenaline and competition of following the market. To succeed, she said, you must embrace the chaos. "Life, markets, clients — can be complicated. It will be chaotic at times," she said, adding, "The best young hires don't panic, they adjust under pressure." Here is Bouzali's advice for interns and industry upstarts after 21 years rising in the ranks on the trading floor of one of Wall Street's most competitive banks. Embrace insecurity rather than avoid it Bouzali said she often tells young hires to use their inevitable feelings of fear and insecurity as motivation to work hard instead of faking confidence or know-how. "I always like telling our incoming interns: You will be insecure, it's a fact of life," she said. "Embrace it and let those insecurities, your fears, become a driving force. Use them instead of pretending that they're not there." Bouzali, for example, admitted to feeling both excited and terrified during her first summer on the trading floor, and was worried she didn't know enough about finance. "It's important to not compare yourself to peers and start competing against a more honest metric — the version of yourself that plays it safe." Learn to deal with "opacity" One of Bouzali's earliest lessons was learning not to expect the structure and direction she was used to at university, where the path to success is clearly laid out in syllabi and measured via homework and tests. "A trading floor is particularly opaque, and that ambiguity is a feature, it's not a bug," she said. If that's confusing, it's meant to be, Bouzali said. "It's something that I try to convey to our interns early on," she said, adding, "You will not always be handed tasks or told exactly what to do and how to do it." Opacity is not a signal to wait, but to move, she explained. "You have to throw yourself into problems. You have to sniff out what matters and what doesn't matter. You have to pin point what people's bottlenecks and pain points are and just start being useful," she said. Make decisions with less information than you think you need Bouzali referenced what Jeff Bezos once coined as his "70% rule." It argues that you should make decisions with 70% of the information, and Bouzali says it's something she tries to live by. "In certain domains, if you wait for 80% or 90% of the information, the opportunity will be gone," she said. It's a mantra she thinks more industry upstarts should adopt. "I sense that young people — and generally all people — overthink, overplan, and wait too long to curate the perfect path forward," she said. "Many decisions can be reversed, few decisions are irreversible." Chase impact rather than promotions No one — not even the best investors in the world — can predict the future. Bouzali knows this and suggests young people learn to focus on what's in front of them. "Don't obsess over the next 10 years," she said. "Just focus on winning the next 6 to 12 months." Getting things done versus chasing titles will naturally lead you to the next big thing. "Promotions don't follow ambition. They follow impact," Bouzali said. "A better question than 'How do I get ahead?' is 'What are the hard things that need to get done that I could do?'" Learn to slow down Bouzali's job demands she stay up to speed on the news and market at all times, so she uses reading as a way to diversify her perspectives outside the here and now. From obscure medieval history to art criticism and strange fiction, she prefers to read things "off the beaten path." "I try to avoid the super contemporary and super trendy because I really want to develop completely different mental threads," said Bouzali of her book choices. "It's been very good for me to just step completely outside of what is trendy here and now and find older, slower modes of thought." Read the original article on Business Insider
Yahoo
4 minutes ago
- Yahoo
7 lessons I learned about end-of-life planning when my mother died, as a financial advisor
Melissa Shaw became her mother's primary caregiver after a sudden terminal cancer diagnosis. Shaw, a financial advisor, learned crucial lessons about end-of-life planning and caregiving. Her biggest lessons include the importance of Medigap, healthcare proxies, and life insurance. This as-told-to essay is based on a conversation with Melissa Shaw, a 46-year-old financial advisor in Palo Alto, California. It has been edited for length and clarity. I've been a financial advisor since 2011 and have worked at Teachers Insurance and Annuity Association of America, or TIAA, as a wealth management advisor for over seven years. I help clients with estate and incapacity planning, but I encountered completely different issues when my own mother became terminally ill and I became her primary caregiver in October 2024. Her diagnosis was sudden. Doctors found stage four cancer that had metastasized to her back, causing a fracture. Within weeks, my family moved her from Las Vegas to Northern California to be closer to me. She died by the end of December — it was a two-month ordeal. Becoming her caregiver was emotionally intense Initially, she seemed fine, but she declined rapidly. It was shocking and unexpected. I visited the hospital daily and took on the bulk of decision-making responsibilities. Thankfully, TIAA offers generous caregiver benefits and flexibility, and I had savings to help cover unexpected costs. I've learned many valuable lessons through this experience about end-of-life planning. 1. Medicare supplemental plans are essential Since enrolling in Medicare at the age of 65, my mom opted for a Medigap (Medicare Supplement Insurance) plan instead of a Medicare Advantage plan, and that decision proved vital. Her Medigap plan covered 20% of medical costs that original Medicare didn't, including any doctor or procedure approved by Medicare, without referrals or prior authorizations. Every doctor she saw was relieved she had it. If you or a loved one is approaching 65 — especially with ongoing health issues — I strongly recommend researching Medigap options during the Medigap Open Enrollment Period, when insurers can't deny coverage or charge more due to pre-existing conditions. 2. Assign a designated healthcare decision-maker ASAP My mom didn't assign a designated decision-maker, and I couldn't make health decisions for her. When her health rapidly declined in the last three weeks of her life, she became barely cognizant and luckily was able to manage a scribbled signature for a necessary procedure. I started to prepare a POA and healthcare proxy, but by the time it was ready, she was no longer mentally competent enough to sign it. She signed an advanced directive form with the hospital when she started the cancer treatment, which allowed me to make some decisions on her behalf. I learned how imperative it is to name a health proxy at any age. 3. Banking may not be easily accessible After she died, we were unable to access her bank account funds for 45 days due to a waiting period intended to protect creditors. Luckily, she had a term life insurance policy that paid out quickly to help cover immediate expenses. Additionally, she didn't name a beneficiary for the bank accounts, which is a common mistake. Many assume that checking accounts don't need beneficiaries, but even modest balances may end up in probate, which can be a significant hassle. Also, the bank was unable to share her transaction history, so I had no way of knowing which bills had already been paid. 4. Sign up for life insurance We received her life insurance proceeds quickly; all that was required was a death certificate. Clients may want to consider insurance as a liquidity measure at death to cover immediate expenses, such as funeral costs and bills. 5. Prepare for end-of-life costs I was surprised by how expensive it is to bury someone. We were quoted up to $25,000 for burial plots in California. Even cremation, which we chose, came to around $23,000 after including the niche (a final resting spot to house cremated remains) and the funeral. Prepaying or researching in advance can prevent financial issues. 6. Prepare for the difficulties of caretaking I spent many nights in the hospital with my mom. Her condition changed from day to day; it was an emotional roller coaster. Balancing work, caregiving, and my own emotional health was difficult. I'm married, and my kids were 5 and 7 years old. I wasn't seeing them regularly during the two months she was sick. Luckily, TIAA offered eight weeks of caregiver leave. Many caregivers only have access to unpaid leave through the Family Medical Leave Act (FMLA), so it's important to plan for potential income loss. If you can take paid leave, do it, because it's tough to balance the emotional toll it takes. 7. Wills aren't everything Wills are essential for securing guardianship and expressing personal wishes, but they don't guarantee that all your assets will be transferred correctly. Retirement accounts, such as IRAs or 403(b)s, are typically passed by beneficiary designations, rather than through wills or trusts. Many other assets are passed via trusts. You should work with both a financial advisor and an estate attorney to discuss your needs. I did the best I could, but if I could do things differently, I would've taken an official leave from work to focus solely on caring for my mother. Read the original article on Business Insider