How To Be an Employer of Choice

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How To Be an Employer of Choice

• FIRMA 25th Annual Risk Management Training
  Conference

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Session Objectives

• Attracting and Retaining Talent
• Development
• Generational Challenges
• Measuring Success
• Succession Planning / Three Deep

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My "Lens"
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My "Lens"
The views expressed today are my own and do not
necessarily reflect those of Edward Jones Trust
Company, or its affiliated companies.
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• What risks are associated with NOT becoming an
  employer of choice?

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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

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Questions for Leadership

• What does success look like?
• Who is accountable/responsible?
• What are you rewarding?
• Alignment is Essential !

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Employment Value Proposition
Attraction to Join
Commitment to Stay

• Organizational Stability
• Compensation
• Work-Life Balance

• Future Career Opportunity
• Development Opportunity
• Respect

• Leader Quality
• Supportive Work Environment

Source Corporate Leadership Council 2006
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Types of Leadership Responsibilities

• People Leadership
• Thought Leadership
• Process Leadership
• Project Leadership
• Individual Contributors
• What are the measures?

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Recommended Read

• First WHO
• Then WHERE

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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.

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Recommended Read

• How does your organization learnfrom its
  experiences?

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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

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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.

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Generational Challenges

• Greatest
• Traditionalists
• Baby Boomers
• Gen X
• Millennials

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Development and Work-Life Balance

• Rotational Development Programs
• Job Sharing / Flex-Time
• Leader Development Programs
• Cross-functional Project Teams

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Success Measures

• Turnover Rate
• Number of Positions with Three Deeps
• Size and Diversity of Candidate Pools
• Exit Interviews
• Climate Survey Results

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Questions?

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Thank You!