GAME CHANGERS: 2017 Best Youth Employer (Large Business)

February 15, 2018

Citco (Canada) Inc.

The Game Changers Awards Gala recognizes exceptional Halifax businesses and Connectors who hire youth, provide meaningful experiential learning opportunities and inspire others to take action in retaining youth. This year’s gala took place on October 30. Nine awards were presented, and Citco (Canada) Inc. was the recipient of the Best Youth Employer Award, Large Business Category.

Citco provides specialized financial services to alternative investment funds, investors, multinationals, and private clients worldwide. It is dedicated to providing employees with the opportunity to achieve well-being in both their professional and personal lives. Ninety-five (95) of the company’s staff aged 19-29 currently hold management or leadership positions.

Andrew Semadeni, Senior Vice President at Citco, shares how hiring youth has benefitted the company. 

What has been the biggest benefit of hiring young professionals for your business?

Focusing our recruitment efforts on young professionals has allowed Citco to establish a diverse and dynamic group of employees who support our business growth. Young professionals have contributed to our workplace in a variety of ways. Not only are these employees able to quickly adapt to our technology, but they bring innovative ideas to complete work more efficiently. Having access to young professionals with educational focus in the fields of accounting and finance has enabled significant growth for our company and office. 

The vast majority of the Halifax management team started with Citco as new graduates and successfully progressed within the company. We value the contribution young professionals bring to the office as Citco continues to learn and grow from their fresh perspective!   

Our goal is to reach net zero loss of youth aged 20-29 (retaining all youth). What would that mean for Halifax? What does that mean to you?

A net zero loss of youth would be a substantial contribution to our community! It would mean retaining a group of people who have the skills and motivation to be contributing members of our society. It would also mean maintaining a level of vibrancy and open-mindedness that these young people can offer. As the population in Nova Scotia ages, we will look to our youth to provide guidance on how to best grow as a province and ideally, how to improve upon the status quo.  

The benefits to Citco specifically would be much the same. Retaining the young professional population will continue to allow us to operate as a highly successful business in Nova Scotia. It will provide our company with a pool of eligible, capable candidates that are ready and willing to join the workforce. Retention of young professionals within our company enables us to continuously improve our processes by having new and innovative ideas brought to the table. Our business thrives on the energy this group offers and we depend on Halifax as a whole to continue to appeal to the young professional population. 

What advice do you have for businesses who are considering hiring youth?

Young professionals bring a different perspective and a lot of motivation to the workplace. It’s an opportunity for employers to instill in their employees the company culture and values that drive their business. Providing young professionals with opportunities to grow and develop, through both formal and informal training, gives them a sense of purpose in their new role. It also allows them to quickly become a contributing member of the team, leading to higher levels of employee engagement and work satisfaction. Tailoring learning and development programs to meet the needs of young professionals will allow companies to reap the benefits on multiple levels such as the development of future leaders, all while addressing the eagerness to learn that these employees bring to the company.

CLICK HERE to learn more about the Game Changers Youth Retention Action Plan.