Transcript How To Be an Employer of Choice - FIRMA

How To Be an Employer of Choice
FIRMA 25th Annual Risk Management Training Conference
Session Objectives
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Attracting and Retaining Talent
Development
Generational Challenges
Measuring Success
Succession Planning / Three Deep
My "Lens"
My "Lens"
The views expressed today are my own
and do not necessarily reflect those of
Edward Jones Trust Company, or its
affiliated companies.
What risks are associated with NOT
becoming an employer of choice?
Attracting and Retaining Talent
• Competition for Talent
– Don't believe your own PR
– Winners want to be on winning teams
• Compensation is Important
– But not everything
– Environment / Climate
– Defined reward structure tied to success
Questions for Leadership
• What does success look like?
• Who is accountable/responsible?
• What are you rewarding?
Alignment is Essential !
Employment Value Proposition
Attraction to Join
Commitment to Stay
• Organizational
Stability
• Future Career
Opportunity
• Leader Quality
• Compensation
• Development
Opportunity
• Supportive Work
Environment
• Work-Life
Balance
• Respect
Source: Corporate Leadership Council 2006
Types of Leadership & Responsibilities
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People Leadership
Thought Leadership
Process Leadership
Project Leadership
Individual Contributors
What are the measures?
Recommended Read
• First: WHO
• Then: WHERE
Take Note
• Do you have some empty seats on your
bus?
• Who should get off the bus?
• Who is in the wrong seat on the bus?
Define the success competencies
associated with each position.
Recommended Read
How does your organization learn
from its experiences?
Development Issues
• Candid & Fair Performance Assessments
– All performance is not above average
– Have difficult conversations with respect
– Emphasize objective measures
• Conduct Talent Reviews
– Who is ready for more responsibility?
– Deliberate development plans
• Keep it Strength Based
• Recognize Differences in Learning Style
Additional Resources
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Myers-Briggs Type Indicator ®
Kolbe A ™ Index
DiSC ® Profiles
Change Style Indicator ®
Human Synergistics Simulations
Teams need practice being a Team.
Practice Team Decision Making.
Generational Challenges
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Greatest
Traditionalists
Baby Boomers
Gen X
Millennials
Development and Work-Life Balance
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Rotational Development Programs
Job Sharing / Flex-Time
Leader Development Programs
Cross-functional Project Teams
Success Measures
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Turnover Rate
Number of Positions with Three Deeps
Size and Diversity of Candidate Pools
Exit Interviews
Climate Survey Results
Questions?
Thank You!