Rethinking Early Career Talent in a Changing Hiring Landscape

The challenge of preparing the next generation of employees has been a personal mission for Monica Green, the global head of early careers and talent pipelines at State Street. She doesn't just worry about the thousands of applicants her team vets annually; she also thinks about her son, a college freshman who is navigating the same competitive landscape.“I tell him all the time: You need to start working on an internship for this summer,” Green said during a fireside chat at From Day One's March virtua conference “It’s a tough market right now,” she said.The conversation, moderated by Paige McGlauflin, a reporter at Morning Brew, explored how one of the world’s oldest financial institutions is approaching early-career recruiting with an open and inclusive lens while adapting to a rapidly changing market that's now being reshaped by artificial intelligence.The Human Element in a High-Tech Job HuntOne of the main themes of the discussion was the dual role AI plays in the modern recruiting landscape. Green acknowledges that the “application waves” have become application tsunamis as candidates use AI to instantly apply to hundreds of positions. This forces recruiters to become more efficient with leveraging their own technological tools to filter the increasing influx of applications.Green emphasizes that efficiency cannot come at the cost of losing the human connection. While AI helps to manage high volumes, human touch is still required to evaluate each candidate. “Recruiters are still looking at resumes. They’re providing that insight and having interviews with candidates directly,” Green said. “We want to make sure that we’re leveraging the tools to support us, to be as efficient as we can be, but really enabling the recruiters to play the role that they do in assessing the talent.”This human dynamic has shifted in the era of virtual recruitment. Green notes a growing trend of returning to in-person interviews among her peers as candidates become increasingly “savvy with the use of technology to be able to answer questions in the midst of an interview.” This has created a troubling gap between a candidate’s virtual prowess and their in-person reality.“You can go through an interview process virtually, and that talent may seem great, and then you get them in the door, and it’s like, ‘Wait, we’re not talking to the same person,’” Green said. This challenge has led to a resurgence of on-site interviews and campus events to ensure authenticity.Beyond the Campus QuadBuilding sustainable talent pipelines means looking beyond traditional four-year universities for global firms like State Street. Green detailed a strategy that combines strong relationships with target schools and innovative partnerships with community organizations to reach underrepresented and non-traditional candidates.Monica Green of State Street was interviewed by Paige McGlauflin of Morning Brew (photo by From Day One)“Partnerships with schools are our bread and butter,” she said. State Street also places significant emphasis on local engagement. Green highlighted a partnership with the Boston PIC, an organization that connects Boston Public School students with real-world workplace experiences. A group of high school students in the program even pitched a nonprofit idea to State Street leaders a year ago and secured funding for it.Another one of State Street’s key partnerships is with My HBCU Matters, which connects students from Historically Black Colleges and Universities with corporate leaders for mentorship and mock interviews. These initiatives help enrich communities while creating a more diverse and robust pool of future applicants. “It’s an opportunity for us to just have more interaction with some HBCU students, but also to help support them as they navigate what areas they seek to pursue,” Green said. A Global Philosophy With Local NuanceOverseeing early careers globally means balancing an organization’s philosophy with on-the-ground realities. While the core goal of building a future workforce remains the same, the execution varies wildly from market to market.“In some markets, the focus is on scale and operational readiness,” Green said. “There are others where it’s more niche skills and regulatory requirements.” Cultural expectations around hiring also differ.Green described one market where students have come to expect full-time job offers after internships. While State Street doesn’t guarantee job offers solely based on that expectation, recognizing the dynamic allows the company to manage the recruitment process transparently, helping the firm to maintain its status as a top employer in the region.“We definitely allow for that flexibility to take place, while still keeping that consistency and that philosophy across, no matter the location,” she added.Advice for All SidesGreen advises human resources and talent acquisition professionals to invest in manager readiness. She says the success of early-career hires often depends less on programs and more on the daily environment they enter. “A lot of that is really dependent on the environment that the early career talent is a part of,” she said. Green’s message for students and job seekers confronting a competitive landscape was to be relentless but purposeful with their efforts. Network, persist, and do your homework. “Every role is imperfect,” she cautioned, as she urged job seekers to focus on roles that are aligned with their skills. “Just applying to a job isn’t good enough anymore. You have to take your time to network.”Green practices what she encourages, crediting her own career progression to networks she created, including one that started with a message on LinkedIn. Whether it’s a high school student in Boston, a college sophomore, or a seasoned professional, the common thread, Green argues, is the power of meaningful human connection—a force that no algorithm can replace.Ade Akin covers artificial intelligence, workplace wellness, HR trends, and digital health solutions.(Photo by nd3000/iStock)