06Jun

To our employees, clients and candidates –

In these difficult times, I want to assure you that Green Key Resources has taken a number of aggressive steps to protect our team and do our part to limit the spread of Covid-19, the coronavirus. While it is not “business as usual,” we are still actively working with clients and candidates and with our temp employees to meet everyone’s needs.

We have arranged for our entire staff of recruiters, account managers, researchers and support personnel to work from home. While our physical offices are closed for the duration of the crisis, all calls are being answered as usual without interruption. Emails and text or other messaging will also be handled as they always have. Our service to you will continue uninterrupted.

We have also implemented additional procedures to ensure the safety of our candidates, temp employees and clients. These include:

  • Video conferencing for interviews to reduce the instances of in-person contact as recommended by health agencies and the Centers for Disease Control and Prevention
  • Arrangements for our temporary employees to work remotely wherever possible
  • Enhanced IT support for all client and candidate system access.

We are here to do everything we can to help you through this crisis. Your Green Key Resources contacts can answer questions, take and fill job orders, arrange interviews and handle all business issues as they always have.

Our objective in taking these steps is to be as proactive as possible to reduce the health risks to our employees, clients and candidates. If you have immediate concerns or needs, don’t hesitate to reach out to your Green Key contact.

We know so many of you are concerned about the health of employees and loved ones and the impact the coronavirus is having on your business. Green Key Resources is here to help you through these difficult times. Staying in close communication is the most effective antidote to the workplace worries we all share.

For the last 15 years Green Key has been your trusted advisor and we continue to serve you through these unusual circumstances. We will get through these challenging times together.

Andrew Chayut

Managing Partner

More Vulnerable, Women CEOs Negotiate More Severance

When it comes to severance agreements for CEOs, the gender gap works against men. Women who lead publicly held companies negotiate severance packages more than half as rich as their male counterparts.

Good news? Not really, say researchers, who not only studied the size of these agreements, but also the reasons for the disparity.

“Pre-employment severance agreements reflect the heightened concern of prospective female CEOs that they are more vulnerable to being dismissed,” says Pierre Chaigneau, one of the three researchers whose study was published in November in the Journal of Management.

Writing about their findings, Chaigneau notes the statistics support women’s fears of being terminated.

“Female CEOs are 45% more likely to be fired than their male counterparts,” he says. “Previous research has shown that a man’s competence is often assumed in leadership roles while a woman’s competence is generally questioned. And female CEOs are more likely to be blamed when their organizations struggle, and are much more likely to be targeted by activist investors.”

To protect themselves, women negotiate higher severance agreements. For struggling organizations, their severance payout is higher still. Men got no premium for taking on a company with flagging performance.

The researchers found one exception: The severance gap was smaller in industries where women CEOs were more numerous or where there were women on the board.

“The takeaway for boards is that if they really want to bring women into the executive suite, they can use the severance agreement as a recruiting tool to compensate women for the obstacles that they will inevitably face,” Chaigneau says.

Photo by Dane Deaner on Unsplash

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How to Stay Connected in a Hybrid Environment

Maintaining relationships among your team is not as easy as it used to be. Fortunately, there are ways to resolve this issue and create strong bongs among teammates, which ultimately leads to more efficiency and less stress.