Bank of America Merrill Lynch taps the talent of those who have taken time out: Program puts people back in touch with the world of work

Abstract

Purpose

The purpose of this paper is to describe Bank of America Merrill Lynch's returning‐talent program, introduced as the company wanted to find a way to tap into the talent pool of people who have taken time out of work to care for family members.

Design/methodology/approach

The paper explains the reasons for the program, the form it takes and the results it has achieved.

Findings

The paper reveals that, as a lack of confidence can be a barrier for mothers returning to work, the bank wanted a program, which helped them to realize that their previous experience is valuable and relevant. It also wanted mothers to embrace the new skills they have likely acquired, as running a family and home combines many management, budgeting and often diplomacy skills.

Practical implications

The paper explains that the three‐day workshop helps participants to identify their strengths, motivation and newly‐developed skills; contains exercises to help to develop an action plan for returning to work; and provides practical examples on how participants can hone their CVs and prepare for interviews.

Social implications

The paper explains that Bank of America Merrill Lynch partnered Mumsnet – the online network run by mothers, for mothers – to publicize the program, which is part of the Mumsnet family‐friendly program for developing and promoting family‐friendly practices in business.

Originality/value

The paper reveals how the bank is helping to put people who have been out of employment for three years or more back in touch with the world of work.

Citation

Fullerton, M. (2013), "Bank of America Merrill Lynch taps the talent of those who have taken time out: Program puts people back in touch with the world of work", Human Resource Management International Digest, Vol. 21 No. 1, pp. 20-22. https://doi.org/10.1108/09670731311296456