Center for Business and Economic Research

• According to research from the National Bureau of Economic Research, generative AI, including ChatGPT, can increase workforce productivity by an average of 14 percent.
• "Ceipal is committed to developing innovative technology that enables users to overcome tomorrow's challenges in recruiting and talent acquisition today," said Ceipal Founder and CEO Sameer Penakalapati.
• Our ChatGPT integration represents another example of how we're providing exceptional user experiences and increasing hiring success."
• For more information, please visit the ChatGPT integration page.

• Their conclusion is based on the consultation of 30,000 performance evaluation forms of employees working in a large American retail chain.
• According to Prof. Shue, performance assessment is generally very factual and based on very concrete evaluation criteria.
• “What we commonly talk about in terms of management and potential are characteristics such as assertiveness, execution skills, charisma, leadership and ambition.
• Read more:
  Avec les nouvelles générations, il faut voir autrement les cheminements de carrière – surtout ceux des femmes

A better work-life balance

• In addition to perception issues, there are a number of other factors that explain the scarcity of female talent in senior management.
• These include the demands of balancing work and family, women’s choices for a better life balance, disillusionment about their chances of accessing these strategic positions, and so on.

For a new leadership type

• All these major factors are reshaping the game and calling for a new type of leadership, different from the command-and-control approach which marked the last century.
• This new type of leadership draws heavily on resilience, courage, flexibility, listening, empathy, collaboration, benevolence and recognition of the collective contribution.
• As parity in management functions is gradually taking place, these other leadership characteristics are emerging.

Career-boosting mandates

• One of the strategies that deserves attention is the acceptance of mandates that we will call career boosters, and which can be defined as follows: a short-term role that enables the acquisition of new strategic knowledge while creating significant added value for the organization.
• According to a study carried out among senior business executives, 71 per cent of respondents identified these types of mandates as having been their career boosters.

Raising awareness in organizations

• It’s possible to break through the glass ceiling, but succeeding in this major challenge requires a fresh look at leadership.
• Our organizations also need to become more aware of the hidden inequities embedded in promotion processes.

• Even a 1-degree difference in a forecast’s accuracy can be the difference between life and death, our research shows.
• As economists, we have studied how people use forecasts to manage weather risks.
• We found that when the forecasts underplayed the risk, even small forecast errors led to more deaths.

Forecasts that are too mild lead to more deaths

• We examined data on every day’s deaths, weather and National Weather Service forecast in every U.S county from 2005 to 2017 to analyze the impact of those forecasts on human survival.
• We then compared deaths in each county over the week following a day with accurate forecasts to deaths in the same county over the week following a day with inaccurate forecasts but the same weather.
• Both summer days that were hotter than forecast and winter days that were colder had more deaths.

People are paying attention

• People do pay attention to forecasts and adjust their activities.
• The American Time Use Survey, conducted continuously for the U.S. Bureau of Labor Statistics, shows what Americans across the country are doing on any given day.
• That could be due in part to having less flexibility to act on forecasts, or not having access to forecasts.

The value of better forecasts

• So, what is the value of accurate forecasts?
• We combined our theoretical model with federal cost-benefit estimates of how people value improvements in their chances of survival.
• From those, we estimated people’s willingness to pay for better forecasts.
• Past improvements have come from better models, better observations and better computers.

• Today, Student Freedom Initiative (SFI) , Stackwell , and Prudential Financial announced that the Student Investment Program (SIP), a multi-year strategic partnership granting $500,000 in funding to students attending Historically Black Colleges and Universities (HBCUs) and other Minority Serving Institutions (MSIs) nationwide, has successfully completed the registration of its 415 student cohort.
• The pilot program, which launched in November 2022, is providing participants with investment education programming and distributing $1,000 grants to each student’s investment account on the Stackwell platform.
• Grant funding is distributed to the investment accounts of participating students over a 12-month period to encourage participants to sustain their investment commitments and develop wealth-building behaviors.
• “The Student Investment Program provides us with money to start investing and is teaching us a lot,” said Ashanti Bonne, a Bowie State sophomore.