Diversity Management in Financial Insitution

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Solution 1: Aggregating the needs with companies in neighbourhood. Easily analyzing its cost and effectiveness. Solution 2: Mentor program could be measured by the participants’ (middle- aged management) performance
Solution 4: Constitute a 24/7 working environment time frame, which can improve it competency significantly.

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  • Diversity Management in Financial Insitution

    1. 1. Cane Mutiny Angie- Emrah- Kimmy- Steven
    2. 2. <ul><li>Summary of the case </li></ul><ul><li>Indentify the problems </li></ul><ul><li>Class discussion </li></ul><ul><li>Evaluate Frank's purpose </li></ul><ul><li>Possible solutions </li></ul><ul><li>Alternative </li></ul><ul><li>Long term & Short term </li></ul><ul><li>Wrap up </li></ul>Agenda
    3. 3. What is Happening? Erwin: VP of HR Frank: Human Resource Manager Matthias: senior employee worked for more than 20 years
    4. 4. <ul><li>Aging problem in Germany </li></ul><ul><li>Corporate financial constraint </li></ul><ul><li>Difficulty in attracting young elites </li></ul><ul><li>The gap between young and senior generation. </li></ul>Identify the Problems
    5. 5. <ul><li>People live longer, healthier </li></ul><ul><li>80% of people will be over 50 in 15 years </li></ul>Aging Problem
    6. 6. <ul><li>Baby boomers will have the money e </li></ul><ul><li>Babyboomers will be the target market </li></ul><ul><li>Skills, experince leaving the companies </li></ul>Aging Problem (cont’)
    7. 7. <ul><li>No long term plans for the aging problem </li></ul><ul><li>Babyboomers want to work but not for you </li></ul><ul><li>Gap between old and young </li></ul>Aging Problem (cont’)
    8. 8. What’s the Possible Solutions? <ul><li>If you are the younger generation? </li></ul><ul><li>If you are the senior generation? </li></ul>
    9. 9. The majority of the important knowledge in an organization is in somebody's head
    10. 10. <ul><li>Mentor programs instead of part-time job </li></ul><ul><ul><li>switching the job of the capable and eligible seniors to an internal coaching position. </li></ul></ul><ul><ul><li>self fulfillment is much more important for seniors </li></ul></ul><ul><li>A better internal e-communication system </li></ul><ul><ul><li>internal forum, project management system, online meeting software or infrastructure. </li></ul></ul>The Possible Solutions
    11. 11. <ul><li>To remain the good intention taking female employees </li></ul>Don’t keep your brilliant workforce away..
    12. 12. <ul><li>Set up the day care center? </li></ul><ul><ul><li>Pros: appealing benefit for employees </li></ul></ul><ul><ul><li>Cons: Renal, staffing, and managerial issue </li></ul></ul>The Possible Solutions
    13. 13. Diversity is beauty! Expand talent pool globally!
    14. 14. <ul><li>Hire people from international pool </li></ul><ul><ul><li>address the labor shortage issue </li></ul></ul>The possible solutions (cont’)
    15. 15. <ul><li>Solution 1: Aggregating the needs with companies in neighbourhood. Easily analyzing its cost and effectiveness. Solution 2: Mentor program could be measured by the participants’ (middle- aged management) performance </li></ul><ul><li>Solution 4: Constitute a 24/7 working environment time frame, which can improve it competency significantly. </li></ul>The BEST combination of solutions
    16. 16. <ul><li>Surveys and meetings </li></ul><ul><li>Social Events </li></ul><ul><li>Reward program </li></ul><ul><li>Mentoring and reverse mentoring program </li></ul><ul><li>Recruitment </li></ul>Short Term
    17. 17. <ul><li>Flexible retirement programs </li></ul><ul><li>International assets </li></ul><ul><li>Culture </li></ul><ul><li>On going commitment of effort and time </li></ul>Long Term
    18. 18. THANK YOU !
    19. 19. <ul><li>Invite discussion for best practices </li></ul><ul><li>How ‘s your company dealing with the aging issue? (we know Canada is facing retired trend too) </li></ul><ul><li>Downsizing would reduce diversity. AT&T has a leave policy enable redundant employees to travel or study. As openings occurred, there employees returned to AT&T, restoring diversity and bringing enhanced skills and experience </li></ul>Best Practices

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