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6 Things Companies Are Looking for When Hiring Remote Employees

Since the pandemic, workers are increasingly insisting on working from home, having had a taste of the experience during lockdowns. In fact, more than 9 out of 10 prefer at least some aspects of remote work moving forward in recent surveys. (Did you miss Bold Business’ survey and analysis on remote work? Check it out here!) Given the challenges many industries face in finding workers today, many companies want to accommodate these preferences. In fact, more than 60 percent of businesses are already hiring remote employees. But doing so blindly can be just as ineffective as lacking an adequate workforce. For this reason, it’s important that companies develop a remote recruiting tip list when it comes to their HR practices.

Naturally, the goal for businesses is to best serve their customers’ needs. In order to accomplish this, an effective workforce is needed along with a healthy workplace culture. Achieving these when many staff members are working from home can be easier said than done. But that doesn’t mean companies can’t thrive in such environments if they embrace effective remote recruiting tips. In fact, they might even find that hiring remote employees leads to greater innovation and creativity. With this in mind, each remote recruiting tip below are ones that businesses should consider in the current employment climate.

“The challenge for HR is to what extent can your employees set their own working patterns, their working hours and their working location. A broader issue is the extent to which you can trust your employees to get the job done versus feeling you have to track your employees to make sure they get their work done.” – Andi Britt, Senior Partner for Talent and Transformation, IBM

  • Remote Recruiting Tip #1 – Practical Issues

When it comes to hiring remote employees, all companies must consider some basic practical issues from the start. For example, many positions are not feasible when it comes to remote work. Job responsibilities that demand in-person services remove some employees from remote work considerations. But other practical issues must also be assessed. Some workers may lack adequate space in their homes to accommodate job tasks and duties. Others may not have broadband Internet or adequate technology to meet their job’s demands. As a starting point, these are some key issues that employers must address up front when hiring remote employees.

  • Remote Recruiting Tip #2 – Communication and Technology Skills

Let’s assume a potential employee has the right job and resources for remote work. Then, the next remote recruiting tip explores their capacity to use their resources effectively. Working from home requires excellent remote communication skills that involve using various digital media. Employees need to be able to express themselves efficiently, effectively and professionally in this regard. This is particularly true in using videoconferencing solutions. (Dive deeper into the subject of videoconferencing innovation in this Bold story.) At the same time, remote work often is accompanied with the occasion technical problem. Workers who can effectively address technical glitches quickly can boost productivity and eliminate the need for costly IT services. These should be some additional areas that businesses assess when hiring remote employees.

  • Remote Recruiting Tip #3 – Self-Discipline and Organization

Naturally, companies will want to seek out employees who have a high level of self-discipline and strong organizational skills. Because they won’t be on-site, management must trust remote employees to be responsible for attending to necessary tasks. Likewise, being well organized increases the level of efficiency, which usually leads to better productivity. Thus, when hiring remote employees, companies should explore attitudes and activities that demonstrate good self-discipline and organization. This is one remote recruiting tip that can save companies many headaches down the road.

  • Remote Recruiting Tip #4 – Self-Motivation and Initiative

The previous considerations when hiring remote employees tend to be characteristics to ensure that basic job responsibilities are well met. However, bold companies will attempt to leverage remote work trends to their advantage even further. For this reason, another remote recruiting tip involves seeking workers with high levels of self-motivation and initiative. These types of workers could thrive in a remote situation, leading to greater innovation and creativity for the business. These employees are also more independent in nature, and they require less oversight by management. All of these are admirable traits that companies should seek out when hiring remote employees.

  • Remote Recruiting Tip #5 – Performance and Productivity

Regarding whether hiring remote employees or on-site ones, performance and productivity remains a top priority. In this regard, businesses will still want to evaluate potential hires in terms of their ability to excel. Key performance indicators (KPIs) and other metrics can be used to assess productivity going forward. But at the same time, past performance and productivity metrics may also indicate how productive employees may be when working from home. This remote recruiting tip is not really much different from traditional hiring processes. But it remains a top priority for remote worker assessments regardless.

  • Remote Recruiting Tip #6 – Prior Remote Experience

The final remote recruiting tip is one that might be rather obvious. While not every potential hire may have experience in working from home, those that do offer important opportunities. Examining past work behaviors and performance in remote settings provides a measure of future work productivity. Likewise, information about their motivations and drives for working from home can also be explored in these instances. This doesn’t mean only those with experience in remote work be considered. But when hiring remote employees, this additional information can be quite helpful.

“As employees return to the office, implementing flexibilityand cultivating the trust it requirescan be a catalyst for new ways of working and can redefine how the office can help people thrive. – Gale Moutrey, Global Vice President, Brand Management and Workplace Innovation, Steelcase

Creating Opportunity Out of Necessity

Given the persistence of various strains of COVID-19, remote work remains a necessity in many situations. But even after the pandemic subsides in intensity, working from home will persist. Workers increasingly prefer it, and employers are similarly realizing key advantages from remote working environments. With this in mind, it will be increasingly important that businesses exploit these opportunities to their advantage. One of the ways they can do this is through effective recruiting practices when hiring remote employees. By using the above tips for remote recruiting best practices, realizing these opportunities will increase. And this will place companies in the best position for ongoing success.

 

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Capital-Raising Has an Inclusion Problem

When it comes to small-to-medium-sized enterprises (SMEs), about one in seven are majority owned by women. When it comes to self-employed entrepreneurs, however, this figure increases substantially. Roughly 37 percent of these individuals are female, and like their business-owner counterparts, they require financial support as well. But in today’s climate, acquiring capital and VC funding for female founders is incredibly challenging. Many face significant barriers that their male colleagues do not. And one of the largest involves a lack of venture capital diversity among firms they approach. In essence, there seems to be a significant trickle-down effect when it comes to resistance toward gender inclusion.

Unfortunately, the problem that underlies the difficulties in pursuing VC funding for female founders is self-propagating. The obstacles women entrepreneurs face negatively affect their own abilities to acquire much-needed capital. At the same time, a paucity of women investors and limited venture capital diversity limit their opportunities. These same issues also undermine female entrepreneurs’ chances of receiving needed guidance and mentorship. Without question, the inclusion problem facing women’s ability to raise capital is a major one throughout the world. And in order to overcome it, a broad effort from everyone involved will be required.

Research shows that women who pitch to VC investors are asked more questions about their track-record as opposed to their potential, compared to male counterparts, and are less likely to be granted funding as a result. Many first-time women entrepreneurs, therefore, don’t even apply, because they know what they’re up against going in.”- Dr. Wendy Cukier, Founder of the Diversity Institute, Ryerson University

Perpetuated Stereotypes of Women Entrepreneurs

One of the most significant and enduring hurdles for VC funding for female founders relates to their perceived stereotype. Many see women as being less aggressive than men, and as a result, a more hesitant to invest in their businesses. A lack of venture capital diversity among investors doesn’t help the situation. Likewise, women owners tend to focus on additional areas like sustainability and social advancement. They are certainly interested in growth and profits as well, but many investors have a hard time seeing past these “softer” pursuits. From the very start, women entrepreneurs have the deck stacked against them when it comes to funding. (Read more about how female entrepreneurs have the deck stacked against them in this Bold story!)

Someone doing work bathed in sunlight
VC funding for female founders is sorely lacking. How can we fix this?

Research has documented that investors tend to have implicit biases against women business owners. This bias also tends to increase when investors are fatigued or have little time to spend examining opportunities. In addition, these same investors have statistical biases against VC funding for female businesses as well. In other words, because women-owned businesses have historically lower profits, they receive less attention. This speaks directly to the vicious cycle that a lack of venture capital diversity perpetuates. Reduced funding opportunities lead to less support, which leads to fewer opportunities to shine. All of this causes the undeserved stereotypes to persist.

“Men disproportionality invest in men. Women venture capitalists do have a much higher fraction of their investments in women-founded companies and startups. So this lack of gender diversity in venture really affects the ability of female founders to get capital.” – Paul A. Gompers, Professor of Business Administration, Harvard Business School

Networking Barriers Due to Poor Inclusion

As is the case for capital-raising in general, networking is key. The reason networking is so important is because of the small number of investors usually available for a business founder. Only a few may be willing to invest in your industry sector, and even fewer in your specific product or service. Then, on top of that, there is usually a limited amount of time to give your company’s pitch. The more network support you have, however, the better your chances for being heard or considered. This is why some startups choose to locate in specific cities. Unfortunately, VC funding for female founders faces additional obstacles here as well.

The lack of venture capital diversity among investors means female entrepreneurs will likely have fewer networking resources. In 2019, less than 18% of senior VC professionals were women. Because male venture capitalists tend to associate more with male entrepreneurs, this places women founders at a disadvantage. Their network is smaller, and therefore, the support they have at the table is reduced when compared to male founders. This same lack of venture capital diversity also reduces potential mentors they might enjoy who could coach and guide them. All of this leads to decreased chances for VC funding for female founders to succeed in their efforts.

“I believe we require allies and support beyond basic networking and spanning gender and race. We need everyone who has a stake in the game to join the fight for women, with focused attention on the challenges encountered by women of color.” – Shanea Leven, Co-founder and CEO, CodeSee

Shifting the Tide Toward Greater Venture Capital Diversity

In 2015, there was a high-profile case involving Ellen Pao and the venture capital firm, Kleiner Perkins. Pao alleged discrimination due to a lack of promotion in the firm. Despite the court ruling against her, the publicity associated with the trial notably increased the number of women moved into senior VC roles. In essence, this helped venture capital diversity, but only to a small degree. For more impactful changes to take place, greater and broader efforts will be needed. Only then will VC funding for female founders approach the same level of access as male founders.

Given the lack of venture capital diversity, women alone will not be able to overcome current obstacles. In order to improve VC funding for female founders, all stakeholders need to pursue changes that move toward gender inclusion. Financial institutions, including VC firms, that tout diversity and inclusion should be held accountable. This means greater transparency regarding gender ownership of the startups they support. It also means that government programs behind startup incubators be more discriminative in their support. In essence, positive change will require effort not only from VC firms but from society at large.

 

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The Long and Unexpected Journey – The Story of mRNA Vaccine Development

Over the course of the last half-century, a number of threatening infectious diseases have escaped scientific efforts for a cure. The HIV virus is perhaps among the most notable, but others existed as well. Though rare in occurrence, Ebola and Zika viruses have created concerns among public health officials. Similarly, influenza virus strains continue to cause hundreds of thousands of deaths each year worldwide. Therefore, it might be perplexing how researchers from around the globe developed incredibly effective vaccines for COVID-19 in record time. But the mRNA technology that enabled these new vaccines didn’t just emerge from nowhere. In fact, mRNA vaccine development began more than six decades earlier.

(Read more about the COVID vaccine that will protect against all variants in this Bold story!)

The history of mRNA vaccine development isn’t one that’s filled with a repeated chain of continued successes. Scientists faced setbacks throughout their development, often contributing in ways they didn’t even realize. Many actually gave up on their work and explored other areas of research. And none, until perhaps today, expected to receive any recognition or fame for their accomplishments. But without question, without the work of dozens of researchers, mRNA technology wouldn’t be where it is today. And in all likelihood, we would still be without an effective vaccine to address the COVID-19 pandemic.

“There weren’t many people in the mRNA therapeutics world who would have imagined 95% initial efficacy rates in this emergency [pandemic] scenario”. – Kathryn Whitehead, Associate Professor of Chemical Engineering and Biomedical Engineering, Carnegie Mellon University

The Early Work in Genetics and mRNA Technology

If one is looking for a starting point for mRNA vaccine development, they would likely target 1960. This was the year that mRNA was first discovered. These tiny fragments of ribonucleic acid serve as templates from which cells make proteins. Once isolated, scientists realized mRNA fragments served an important purpose, not just for human cells but for viruses as well. By inserting their own mRNA pieces into human cells, viruses could “trick” the cells to make more viral particles. But at the same time, these same mRNA pieces might offer a way to attack the viruses themselves. This is where mRNA vaccine development had its first considerations.

I bunch of COVID vaccines marching off to war
Thanks to advances in mRNA technology, we had COVID vaccines in record time. What’s next?

Early challenges related to mRNA technology involved the marked instability of mRNA itself. If present outside of cells, the body’s immune system would quickly destroy it. As a result, scientists began exploring liposomes, which are small bubbles surrounded by fatty lipids, as carrier molecules. Thus, in 1978, scientists were first able to successfully transfer a mRNA fragment safely into a cell using liposomes. This was then following by successful synthesis of mRNA particles themselves in a lab. Some researchers began seeing mRNA vaccine development as the future. If they could just create the right mRNA pieces and get them into cells, the human immune system could do the rest.

“A lot of people were skeptical as to whether [mRNA technology] could ever work”. [Today], the whole field of mRNA is just exploding. It’s a game changer in medicine.” Anna Blakney, Assistant Professor, University of British Columbia, Canada

The Dark Years in mRNA Vaccine Development

Despite early optimism regarding mRNA technology, the years to follow were surrounded by disappointment. After researchers at Harvard University had successfully synthesized mRNA, the process was believed to be straightforward. First, identify a mRNA fragment that characterized the virus in question. Second, coat that mRNA particle in a liposome and place it in a cell. Third, let the human cells produce the protein fragment from the mRNA piece. And lastly, allow the immune system to develop a response against the protein produced. This response would them provide the human host with protection against the virus should it ever infect that person.

Unfortunately, the process wasn’t that simplistic or feasible in terms of scalability and cost. mRNA technology at the time was quite expensive and cumbersome. Many labs and researchers found it difficult to attain funding as a result. In addition, liposomes had their own challenges, including that of instability and toxicity. Scientists continued to pursue mRNA vaccine development at the time, particularly in relation to HIV and influenza. But the results were quite disappointing due to unwanted side effects and lack of effectiveness. It was during this time many researchers decided to move onto other pursuits rather than continuing with mRNA vaccine development.

“Once all the pieces came together, it was like, holy smoke, finally we’ve got a process we can scale.” – Andrew Geall, Chief Development Officer, Replicate Bioscience, San Diego

A Final Common Pathway to Success

There was some concern in the late 1990s and early 2000s that mRNA vaccine development may be a dead-end path. Interestingly, however, several separate and powerful events changed these perspectives. In 1997, some scientists began using mRNA approaches in cancer patients as a potential treatment. Tumor proteins were made from mRNA fragments, which could then be used to stimulate immune cell attacks against cancers. This prompted many researchers who had place mRNA vaccine development on the backburner to reconsider. If oncologists had found a way to use mRNA technology, perhaps infectious disease therapies might indeed be feasible.

In addition, two major breakthroughs occurred in the 2000s that completely changed perspectives as well. The first involved modifications made to the mRNA to make it less toxic and less immunogenic. Modified mRNA technology allowed mRNA to be administered without unwanted side effects. The second development involved the creation of a lipid nanoparticle to replace liposomes. These nano particles had 4 components, of which 3 were important for stability. The fourth component, however, enabled mRNA to access cells without causing toxic reactions in the body. These were the final two pieces of the puzzle needed to make mRNA vaccine development practical. It was only a few years prior to the pandemic that these events occurred, which is indeed fortunate for all.

“The other category [besides viruses] is autoimmune diseases. That is intriguing because it’s verging beyond the very strict definition of a vaccine.” – Dragony Fu, Associate Professor in Biology, University of Rochester

A World of Possibilities for mRNA Technology

With Operation Warp Speed, mRNA vaccine development took place in record time. Massive funding allowed mRNA technology to be scaled like never before. Fortunately, this happened at precisely the right time, not only because of the pandemic but because of recent scientific developments. But for many in the field, mRNA technology for infectious disease vaccines is imply the tip of the iceberg. As noted, this same technology can be used to combat cancers. But it is now being considered for a variety of other conditions. This not only included various autoimmune disease like multiple sclerosis and genetic ones like cystic fibrosis. But it is also being evaluated to reduce heart disease risks and asthma. Without question, few would have ever suspected these potential uses six decades earlier. But thanks to some fortuitous discoveries and years of hard work, this is a very probable reality for the future.

 

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