FP&A Talent Development - LEAPROS

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FP&A Innovation

San Diego Summit

February 20, 2014

Michael Kinney, CPA

Baker Hughes Inc.

Director, FP&A

FP&A

Talent Development

Agenda

•Performance

•Competencies

•Development Tools

© 2013 Baker Hughes Incorporated. All Rights Reserved. 2

Performance


Performance Review Cycle


Performance Review Cycle

• Q1 January, all goals are established and approved by

employee and manager

• Q2 & Q3 monitored quarterly with progression updates

• Q4 All goals are discussed, rated, and approved by

employee and manager. There should be no surprises

• Q4 Additional review and approval by one up manager


SMART Goals

Key Goals

• 4 goals directly related to CY objectives (non financial)

• These goals are tied directly to annual bonus

Development Goals

• Competency training/mentoring

• Competency utilization/effectiveness

Other Goals


Recognizing &

Developing

Competencies


Competency Playbook

FP&A Playbook

•Identify relevant competencies

•Rate competencies

•Develop Action plan

•Conduct Bi-Annual review


Competency Playbook


Leadership Finance and Accounting Concepts

Career Aspirations (Long Term):

Strategic Orientation and Global Awareness

Negotiation

Financial Systems - Technical Knowledge

Career Aspirations (Next Move):

Finance Competencies - Self Evaluation

Collaboration

External Reporting Requirements

Technical Skills

Strengths:

Soft Skills

Customer Focus and Business Partnership (Relationships) BHI and Industry Acumen

Establish and Maintain Key Business Partners Oilfield Primer

Performance Management Reporting and Analysis

Developing Self and Others

BHI Organizational Structure

Value Creation and Cost Control

Forecasting and Planning

Communication and Interpersonal skills

Weaknesses:

BHI Finance Organizational Structure

Enterprise Risk Management

Adaptability and Change Management Merger, Acquisitions and Divestitures

Organization and Planning Capital Planning and Accounting

Competency Playbook


T o be used in the Competency Section be low:

B Beginner

F Functional

S SkilledA Advanced

Competency Playbook (Manager)


Future Moves: Position: When:

Development Plan

Long Term: (over the next 36 months)

Development Plan

Short Term: (over the next 12 months)

Next Move

Second Move

Third Move

Comments:

Development

Tools


Finance Academy: Features

• Self Study

• Webinars

• Videos

• Academy Live sessions

• Spotlight courses

• eKnowledge

Academy Live

eKnowledge

Spotlight Courses

Finance Academy


Course Title Area Course Type

Measuring Product Profitability in a Shareholder Value

ModelProfitability Analytics Online Self Study

Service Profit Chain: Driving Profit through Customer and

Employee Satisfaction Profitability Analytics Online Self Study

Applying Business Analytics in Decision Analysis Profitability Analytics Online Self Study

Producing Accurate Forecasts Using Time Series Models Budget and Planning Online Self Study

Customer Engagement Analytics: Secrets to Delight the

Empowered CustomerCustomer Recorded Webinar

Spotlight on Voice of the Customer (VOC) Customer Spotlight Video

Calculating Economic Value Added (EVA) for Business

AnalysisEVA Online Self Study

Spotlight on Leadership: Upward FeedbackLeadership

DevelopmentSpotlight Video

Predictive Analytics: March 17 & 18 Live Webinar

The Uses of Big Data and the Tools of Data Mining

Training/Development


Formal Mentorship Program

•Program targets High Performers

•Each employee is paired up an

executive

•2 year mentorship

•Meet 6 times a year

•Conversations are confidential


Rotational Development

Key FP&A are required to change roles

(Lateral or Promotion) every two years

• Continue in FP&A

• Transfer within finance

• Move outside of finance


Other Development Tools

•Finance for Non-finance training

•BHI Leadership and Management Program

•BHI education center offers live instruction

on many soft skills

•Six Sigma

•Educational assistance

•Open door communication


FP&A Talent Development - LEAPROS

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