Tech & Science : Outgoing Goldman talent chief Dane Holmes outlined for us the thought exercise he uses to think through big decisions — like leaving the investment bank - - PressFrom - Australia
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Tech & Science Outgoing Goldman talent chief Dane Holmes outlined for us the thought exercise he uses to think through big decisions — like leaving the investment bank

23:35  08 november  2019
23:35  08 november  2019 Source:   businessinsider.com.au

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Outgoing Goldman talent chief Dane Holmes outlined for us the thought exercise he uses to think through big decisions — like leaving the Holmes thought through this big career change by weighing every aspect of his life and how they could be affected both negatively and positively.

Goldman Sachs' outgoing HR chief says any leader who doesn't wake up every morning worried about losing It doesn't help that many economists say the US is at full employment, meaning Hiring tech talent at an investment bank is a special challenge. In August, Goldman announced that it was

a man wearing a suit and tie smiling at the camera: Dane Holmes is leaving Goldman Sachs to become CEO of a tech startup. Dane Holmes is leaving Goldman Sachs to become CEO of a tech startup.
  • After 18 years at Goldman Sachs, Dane Holmes is moving to California to become CEO of the new HR tech startup Eskalera.
  • Eskalera, which launched in 2018, develops technology to help companies improve inclusion and diversity in hiring and company culture.
  • Holmes walked Business Insider through the thought process he and his wife used as they considered the career move.
  • Click here for more BI Prime content.

Dane Holmes and his wife don't really do New Year's resolutions.

But they do, as best they can, try to predict the future.

That's how, the Goldman Sachs' HR chief tells Business Insider, he realised it was time to leave the legendary investment bank and instead move out west. After 18 years at Goldman, Holmes is moving to California's Bay Area to become CEO of the new HR tech startup Eskalera.

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View Dane Holmes ’ profile on LinkedIn, the world's largest professional community. My corporate profile goes something like … I am head of Human Capital Management and head of Pine Street for Goldman Sachs and serve as a member of the firm’s Management Committee and Partnership

Think of an investment bank as a well-oiled machine where a large proportion of processes run on autopilot and the bankers, who are cogs, take a series of pre-determined yet, often, very stressful steps. This is why most bankers are easily replaceable. Tyler can simply go push the same set of buttons at

It's not as common to leave a job later in life as it is under the age of 30, but mid-life career changes are becoming more common as life-expectancy has extended. According the American Institute for Economic Research, 82% of workers later in their careers reported making a successful transition to a new career after age 45.

Holmes thought through this big career change by weighing every aspect of his life and how they could be affected both negatively and positively. His method could be helpful for anyone considering a mid-career move - or a major life change like relocating.

"You can't determine your future, but there's great happiness in being intentional" about planning your future, Holmes said. "Whatever it is that you're doing."

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At Goldman Sachs, we think who you are makes you better at what you do. He shares his thoughts on what it means to be a partner, the evolving role of Investor Relations and the importance of experience. Dane Holmes : Becoming a partner at Goldman Sachs is a significant achievement

The big US banks — JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup and “ We ’ll get on with it,” said a senior executive at one large US bank . “ We ’ve started to think about how we put Many of the US banks have been quietly bulking up European entities outside the UK, allowing them

Eskalera, which launched in 2018, develops technology to help companies improve inclusion and diversity in hiring and company culture. The software uses AI, data science, and evidence-based findings to mitigate cognitive and systemic bias.

For Holmes, a lot of stars have to align to arrive at these types of decisions. Other than the practicality of the new job opportunity, he said there was "unbelievable overlap" between his personal life, professional life, and his own desire.

Holmes and his wife asked themselves a few questions before making their decision. First, were they staying committed to the things they'd intended to? By assessing their current lifestyle and goals, they could then figure out what might be missing or need improvement.

"So from a personal life perspective, and just wanting to grow and expand, it just was a good opportunity," Holmes said.

Then, they looked at how their decision would affect them both professionally and personally. "I have an oldest daughter who's in eighth grade, so if I were going to move or change, it makes more sense to do it now," Holmes said.

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Can you “ think outside the box”? Put your mind to the test and find the solutions to the puzzles Hungry for more? Throughout the book you will find various exercises similar to the examples below Using a personal story that you discovered through your Morning Pages, or of personal choice, write

In reply, Goldman Sachs said that " we will only be successful if our clients are successful", claiming "this fundamental Later that year, Smith published a book titled Why I left Goldman Sachs. The Goldman Sachs Group, Inc. is an American multinational investment banking firm that engages in

Lastly, Holmes considered his decision over the length of his career. "I've got 10 or 15 years left in me. So if I was going to do something very, very new, I have enough time to not only do it but to learn, make mistakes, pick myself up, do it and still see myself through," he said.

Holmes and his wife essentially conducted a premortem- a method creative teams use to identify the risks of a project before taking it on. The idea is that weighing possible negative outcomes will help a team foresee obstacles and improve what's not yet broken, in hopes that it will prevent future failures.Imagine if you're introducing a product in a new market, what would cause the launch to flop?

To solidify their decision, Holmes and his wife discussed the probability of regret. His wife told him it was highly unlikely they would be sitting on their porch in 20 years saying their decision to live in California and be in the tech world was stupid.

"As long as you're going into it wanting to grow and learn and advance," Holmes said, regret is unlikely.

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