How To Be an Employer of ChoiceFIRMA 25th Annual Risk Management Training Conference

Session Objectives

• 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

Source: Corporate Leadership Council 2006

• Organizational Stability

• Compensation

• Work-Life Balance

• Leader Quality

• Supportive Work Environment

• Future Career Opportunity

• Development Opportunity

• Respect

Types of Leadership & Responsibilities

• 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 learnfrom 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

• 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

• Greatest

• Traditionalists

• Baby Boomers

• Gen X

• Millennials

Development and Work-Life Balance

• Rotational Development Programs

• Job Sharing / Flex-Time

• Leader Development Programs

• Cross-functional Project Teams

Success Measures

• Turnover Rate

• Number of Positions with Three Deeps

• Size and Diversity of Candidate Pools

• Exit Interviews

• Climate Survey Results

Questions?

Thank You!