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Fidelity Investments Is Investing in Women in More Ways Than One: The Importance of Women in Finance

Fidelity Investments aims to make financial expertise broadly accessible and effective in helping people live the lives they want. Fidelity knows that hiring and retaining women at all stages of their careers is essential in achieving this mission and providing all of their customers with the best possible experience.


President of Personal Investing at Fidelity Investments, Kathy Murphy, explained it like this: "We need to stare down and change the traditional Wall Street stereotypes of what the financial services industry stands for. For example, our mission at Fidelity is to help improve the financial futures of millions of hard-working Americans who turn to us for help with their savings and investments, so they can build a better future for themselves and their families. These men and women — of different ethnicities and ages — all need our help, and the significant demographic changes underway underscore the importance of diverse and inclusive perspectives."

A key asset in serving our evolving population successfully is to have a workforce that reflects and understands the needs and challenges of all demographics.

"In my view, women have been underserved by financial services for decades," Murphy says. "I don't think it was intentional, but finance has been an industry largely run by men for the last 70 to 100 years. If you don't have diversity of thought, you'll do it in a way that's natural to you."

In order to foster this diversity of thought, Fidelity has enacted programs such as RESUME to help make their workforce more inclusive. RESUME helps job seekers who have taken a career break to find a job and reacclimate to working in financial services. This program is open to anyone who has taken a career break, but it is especially helpful for working mothers who left the workforce to take care of children.

"Our traditional recruiting process is not making it easy for [women] to come back, so we need a program like this that embraces their career gap and provides a customized program to help them reactivate those skills and experience and then their careers accelerate faster," Fidelity Recruiting Director Rachel Book said.

While Murphy and her team are working diligently to both make an impact on diversity in business and maximize women's potential in the workplace, they are not the only ones who understand how important it is—especially in the financial services industry.

A recent US News article, How Women Are Creating Success in Financial Services, explains that, "as the gatekeeper to wealth, the financial industry is in a unique position to improve diversity by supporting women inside the industry and investing in women-owned businesses outside of it." When you support a woman entrepreneur, it creates a ripple effect: not only is the woman positively impacted, but so is her family, her community, and the local economy.

By supporting women who work at Fidelity, Fidelity is helping to elevate women's careers and economic opportunities by setting a standard in the financial services industry.

Fidelity does this in part through their Women's Leadership Group (WLG), which embodies the spirit of "women supporting women." It covers all aspects of navigating the workplace. The group houses various committees around specific initiatives such as career advancement, allyship, and internal and external engagement. WLG members can get involved in at least two opportunities each month, ranging from coffee dates that foster connections to TED-style talks and hearing from guest speakers.

WLG also focuses on how women can add unique value to Fidelity and support the company's business and marketing objectives — which in turn gives more women the opportunity to rise to leadership positions.

All of these initiatives allow Fidelity to better serve their customers and make the company a great place for women to work. For Kathy Murphy, a leader in financial services herself, it's all about paying it forward and getting more women in leadership roles: "My leadership path in financial services would not have happened without the active support of bosses who saw potential in me and gave me opportunities to grow, develop, and challenge myself to reach my full potential. That's why I'm so passionate about development and mentorship programs and the opportunity we have to elevate and improve the whole industry."

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If you're eager to join a company that prioritizes women's career growth and potential, and will give you the opportunity to help customers live the lives they want, check out Fidelity's open roles here.

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How These Companies Are Celebrating Asian American and Pacific Islander Heritage Month

According to a recent study, anti-Asian hate crimes have risen 150% since the pandemic started. But these acts of violence are not new — they are part of a much larger history of anti-Asian racism and violence in the U.S.

That makes celebrating Asian American and Pacific Islander Heritage Month (which was named a month-long celebration in May by Congress in 1992 "to coincide with two important milestones in Asian/Pacific American history: the arrival in the United States of the first Japanese immigrants on May 7, 1843 and contributions of Chinese workers to the building of the transcontinental railroad, completed May 10, 1869") this year all the more important.

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Work & Co

5 Tips for Career Switchers: Insight from Work & Co’s Sarah Mogin on Making Use of Your Past Lives

Sarah Mogin never used to like writing open-ended essays in school. She found herself much more motivated by tangible problems.

Calculus had some of those—she never had trouble with her math homework—but when she was in school she never envisioned just how much she could incorporate that love of solution-finding into her daily work, much less that she would have a career as a developer one day.

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Webinars

Supporting Neurodiversity in the Workplace

Only 4% of companies that say they value diversity consider disabilities. Even fewer include learning and thinking differences.

While neurodiversity is a concept that is gaining more awareness, many employers have still not fully grasped the importance (and benefits) of understanding neurodiversity and how to effectively incorporate and retain neurodivergent individuals in their organizations.

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Videos

[VIDEO ▶️ ] Are You the Right Candidate for the Job? Tips From a Helm Recruiter

💎 Wondering how you can show up as the right candidate for the job?

📼 Press PLAY to hear some insight from a recruiter at Helm into what the right candidate for the job looks like in an interview. Alayna Sye, Helm's Senior Technical Recruiter, knows an applicant is going to be the right for the job usually after the first conversation. Find out exactly what will make you stand out, as well as the steps for the application process at Helm.

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30+ Ways Companies Are Celebrating Hispanic Heritage Month 2021

Founded in 1989, Hispanic Heritage Month begins on September 15 and ends October 15. The four-week span over two calendar months may seem a bit odd, but it comes with good reason, as it covers independence anniversaries of several Latin American countries, as well as key celebrations in Hispanic and Latin communities. Apart from commemorating major holidays and historic milestones, this month honors the cultures and contributions of Hispanic and Latinx Americans.

We asked some of our partner companies what they're doing to honor and celebrate Hispanic Heritage Month at work this year, and we were inspired by the wide range of responses, from highlighting the impact that employees have in local communities to hosting fireside conversations on allyship to sharing performances and instruction of famous cultural dances.ot only are these companies honoring Hispanic Heritage Month, they're finding ways to spread positive change throughout the year. Here's what they're doing, in their own words:

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