The Professional Revolution

The Women’s Bond Club comes to Thomson Reuters

Women's Bond Club

Last month, we hosted the Presidents’ Cocktail Party for the Women’s Bond Club (WBC) where we welcomed 140 high-powered women from leading financial companies. The crowd included executive and senior partners, directors, COOs, CIOs and more from Bank of America, Bloomberg, BNY Mellon, Citi, Commerzbank, Credit Suisse, Goldman Sachs, IBM, JPMorgan Chase, McGraw Hill Financial, Merrill Lynch, Morgan Stanley, NASDAQ OMX, NYSE Euronext and Royal Bank of Canada. (more…)

A new vision of work

The Professional Revolution is underway. The professionals leading the revolution have a new vision of work. Every professional wants to get results, but true fulfillment comes from much more than simply doing a good job. The new professional values work-life balance and job satisfaction as much as career advancement and a hefty paycheck. They crave social interaction with peers, as well as respect from them. And they appreciate getting a kind word from the boss for doing a good job.

This is all of critical importance as this group is the vanguard of value creation in the new global knowledge economy and therefore has significant implications not just from a business/employer perspective, but also from the broader perspective of public, economic and social policy.

These and other insights are revealed through our recently released research, “The Professional Revolution.” Want more detail? See the results from our poll.

The Professional Revolution

As the global economy begins to emerge from the Great Recession, professionals are adapting to new realities with unique perspectives and work habits that embrace new ways of seeing and doing that redefine a productive path forward.  Today’s professionals have the knowledge, passion and innovative mindset to build, grow and revolutionize business. However, new solutions are needed to motivate, align and inspire today’s global professional to ensure continued productivity, growth and a better future for all.

A global survey from Thomson Reuters of more than a 1,000 professionals across Brazil, China, India, the United Kingdom and the United States reveals insight into a changing global workforce.

The survey highlights five key areas of insight into the mindset of the global professional:

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Reflections on our research, The Professional Revolution

Last Sunday, three days before my son Eli’s 6th birthday, I read an article in the New York Times’ Business section titled “No Six-Figure Pay, But Making a Difference.” The article focused on a non-profit called Venture for America that places smart, educated college graduates into a variety of situations, including cities that are at risk, start-ups, and entrepreneurial ventures. They are paid less than half of what they could be making in more traditional settings and companies. These young professionals are choosing to move to cities that may be unknown and companies just getting started. And they are thriving. There was a photo in the article of one participant’s notebook that stated, “My career is a choice that indicates my values.”

As I thought about our recent Thomson Reuters research on The New Professional, our global company, and my two small boys, I reflected on how proud I would be if they chose a career that matches their values, makes a difference, and contributes to a global marketplace. My older son wants to work at Thomson Reuters. Our research clearly articulates that professionals desire to bring their authentic selves into their work. They also want to work for a company that mirrors their values and are motivated by the ability to make a difference. To be purpose driven, socially and globally connected, and filled with the excitement of acquired knowledge.

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Inside the news business’ struggles

At the Aspen Ideas Festival, Steve Clemons, Steve Adler, Ezra Klein, Reena Ninan and Alexis Ohanian discuss the challenges the digital revolution has brought to news organizations.

Mason’s Run

Today’s professionals have the skills and innovation mindset that will lead us toward renewed hope and optimism. Our research on the new professional suggests a new focus on collaboration, community, and a sense of purpose. Let me tell you a short story that helped me better understand the data.

As I drove my son to school one day, I was praising him for his record in running the mile faster than any other 4th grader in his school (He is nine and ran a 6.58 mile). He ignored me, which he often does. When I said it again he told me he was not the fastest runner. His friend Joey was. I asked how this could be and stressed that he should just claim his number one spot. He just ignored me. Joey and Mason have been running the mile for three years now at the beginning of each school year. It turns out that Joey got sick and didn’t finish the race.

About a week later, Mason asked his gym teacher if they could run again now that Joey felt better. This time Joey finished the race with Mason and their friend Sujit. Mason still finished the mile ahead of Joey by four seconds. Again, on the way to school, I told him how good of a runner he is and how proud he should be that he is first in his grade. Again, he told me I did not get it, that I didn’t understand anything. So I asked him what he meant. What was I missing? What did I not understand?

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You: The Worldwide Leader in News

Professionals are becoming individual news networks as blogs and social media have become trusted news sources for professionals around the globe.

You: The Worldwide Leader in News

The Professional Revolution

Fundamental shifts are transforming the global workforce that require new solutions to motivate, align and inspire today’s professional to ensure growth and a better future for all.

Insights into today’s global professional workforce

Today, we released powerful findings on the “Professional Revolution,” asking more than 1,000 professionals in five countries (Brazil, China, India, U.K. and U.S.) their motivations and inspirations, hopes and dreams and how all of the above intersect with their professional and personal lives. The purpose of this research was to understand the mindset of the global professional workforce. 

The survey highlights five key areas of insight into the mindset of the global professional:

A New Vision of Work:  Knowledge, Socialization and the Quest for Purpose. For today’s professionals, they believe that knowledge defines them and gives them career freedom.

  • Seventy-seven percent of professionals said that knowledge is what defines someone as a professional. That was followed by skills (76 percent) and work experiences (65 percent)
  • Professionals said, by a 2-to-1 ratio their knowledge and skills give them career freedom. Sixty-one percent said their knowledge and skills would be directly transferrable if they were to change the focus of their work.

The Gender Gap Is Muted in the Professional Setting. Men and women have nearly identical work styles and habits, both expressing strong desire to solve problems and work in an interactive and collaborative environment.

  • Fifty-five percent of men and 56 percent of women say having a vision of what they achieve in their careers is very important.
  • Forty-six percent of men and 48 percent of women strongly want to be entrepreneurial in their jobs. (more…)