It seems our CEO let slip in the Town Hall that they think the best talent is outside the company. How does that make you feel?
6 replies (most recent on top)
Culture change is needed. How do you get that change? Bring new people in.
If talent was abound then why are we in this position?
@xut+17GVPBUB. Not sure where you are getting your information, but typically to attract new talent to a known failing organization, you have to offer greater pay and benefits. Unless, of course, you mean talent off shore. The "stagnant" lifer as you called them, is typically more in tune with the culture and nuances of an organization. New outside talent is not, and will Institute something stupid , like canceling 401k matching for high earners, putting the future growth and viability at risk.
Most of the so called “talent” has been hired into roles that didn’t exist under Sloan
Chief Operating Officer
Chief Policy Advisor
Chief Administrative Officer
Chief of Public Affairs
Chief of Operations
Chief Control Officer and on and on
This is bloat. All of the top old guard replacements were done... Tolstedt, Loughlin, Hardison and some of the various liars that supported them.
The proof is that one year later there is no date, no communicated plan, and no update on the asset cap so investors are fleeing.
There is plenty of talent right in this bank. Not all "lifers" are dumb, not all new people bring anything but a bigger cost. The issue is that our HR is made to keep people mediocre.
Outside talent is often cheaper for better performance, and also brings outside knowledge to the bank.
The same person in the same job for decades rarely benefits the bank anywhere near as much as it benefits the stagnant lifer.
These new leaders think they are talented and yet the only impressive one has been Lester and Barry. Their opinions hold little value with how poor their performance has been.