Benefits April 21, 2010

Networking Still Helps Some on Job Hunt

April 21, 2010 (PLANSPONSOR.com) – Some 46% of workers over 50 years old participating in a recent study said networking continues to be important for those job seekers in that age bracket.
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A news release from the IMPACT Group, a career management firm, said that was one result of its latest Candidate Tracking Statistics, which polled more than 700 of the firm’s job candidates who got a job between July 2009 and January 2010. 

According to the announcement, the study found that:

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  • Referrals from within an organization (18%) and outside the organization (9%) are the most successful ways to land a job opportunity.
  • Posting an online resume gives a candidate a scant 8% chance of success.
  • Social networks (e.g. LinkedIn, Twitter, Facebook, etc.) can be important in identifying referral opportunities.
  • For those earning more $100K, networking is the most successful strategy, with 50% of candidates identifying the opportunity in this way.
  • There has been a downward trend in the overall effectiveness of recruiters since 2005.
  • Men are more likely to learn about opportunities through networking, while women are more successful with published openings.

More information is here.  

Deals and People April 21, 2010

Russell Investments Names Head of Americas Institutional Biz

April 21, 2010 (PLANSPONSOR.com) - Russell Investments has announced the appointment of Penny Zuckerwise as CEO Americas Institutional.
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Zuckerwise will join Russell on May 3 and will report to Russell’s president and CEO Andrew Doman. She will also become a member of the firm’s Executive Committee.   

Based in New York, Zuckerwise has more than 25 years of industry experience, as a business leader, consultant, and investment adviser, according to the announcement. Prior to joining Russell, she was president and CEO of Utendahl Capital Management, L.P., a minority- and woman-owned asset management firm.   

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Previously Zuckerwise also served as the principal and founder of Wiserock LLC and president and chief operating officer of Chancellor LGT Capital Management (now Invesco).    

Russell also announced that as part of its expansion of client services in both the U.S. and Canada, nearly 30 new hires will join the company this year in the areas of consulting, investment product development, defined contribution, and risk management.   

Russell’s Americas Institutional business serves institutional investors across North America, including corporate and public defined benefit plans, defined contribution plans, multi-employer plans, and endowments and foundations.

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