McKinsey Rethinks Hiring Standards: Prioritizes Resilience and Adaptability
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Benzinga
- Hiring Standard Transformation: McKinsey's use of AI to analyze 20 years of hiring data reveals that candidates who have faced setbacks and recovered are more likely to become partners, thereby shifting the focus from perfect academic records to resilience, enhancing fairness and effectiveness in selection.
- Diversity and Fairness: The firm employs a game-based assessment tool called Solve to evaluate candidates' problem-solving skills while providing resources for diverse candidates to showcase their distinctiveness, further advancing its strategic goal of diversity in hiring.
- Industry Trend Impact: With AI integration in hiring, McKinsey receives approximately 1 million resumes annually but plans to hire only about 1%, indicating the firm's stringent selection process and emphasis on talent in a highly competitive environment.
- Future Job Market Changes: The rise of AI has led many young individuals to face shifts in the job market, prompting them to explore skilled trades; McKinsey's approach reflects a recognition of the importance of adapting to new technologies and the skills required for future employment.
Analyst Views on BLK
Wall Street analysts forecast BLK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLK is 1356 USD with a low forecast of 1244 USD and a high forecast of 1486 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 1085.100
Low
1244
Averages
1356
High
1486
Current: 1085.100
Low
1244
Averages
1356
High
1486
About BLK
BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, private markets, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
