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Teresa L. Sankner Head of Talent Management, OD and Talent Acquisition

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Presentation on theme: "Teresa L. Sankner Head of Talent Management, OD and Talent Acquisition"— Presentation transcript:

1 Novartis Pharmaceuticals Corporation Linking Diversity Recruitment to Talent Development
Teresa L. Sankner Head of Talent Management, OD and Talent Acquisition October 1, 2015

2 A Shortage of Talent and Expanded Diversity Landscape
A Shortage of Talent and Expanded Diversity Landscape Requires Rethinking Diversity Attraction & Retention Strategies 51% of life science executives report that hiring has become more difficult Sourcing Retention 51% of Biotech/Pharma workers are likely to seek out a new job 38% of all employees are likely to seek out a new job 67% Of the population will not be able to afford a university education By 2025, millennials are projected to make up 75% of the global workforce. GLOBAL SHORTAGE IN CRITICAL SKILLS and capabilities. US Demographic SHIFTS = Significant Increase in DIVERSE Talent | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use

3 Companies Are Facing Several Challenges As They Look to Gain an Edge
Key Challenges 1 3 2 Culture & Brand Insufficient to Meet the Needs of Multiple Generations Targeted development plans and mentoring inconsistent for diverse associates Branding/social media presence not defined or interactive with Gen X/Y Manager Accountability for Diversity Driving compressed time-to-fill timelines putting diversity hiring at risk Manager gap in knowledge and commitment to diversity strategy Diversity Pipeline Planning Advanced workforce planning and diversity pipelining not a priority Relationships with diverse associations inconsistent Separate Talent & Diversity Strategies Diversity seen as an ‘initiative’ vs integrated into ‘how we manage talent’ Weak pull-through post-hire 4 3 | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use

4 An Integrated Talent, Diversity and Development Strategy
Has Been Key to Our Success RPO Recruitment Process Outsource Model Social Media Microsites & Talent Communities Diversity Attraction & Brand Strategy Business-Specific Sourcing Strategies Onboarding Focused on Diversity & Culture Employee Resource Groups 2 Monthly Executive Diversity Forums Diversity Integration with PMP Talking Talent Integrated Talent Management & Diversity Strategy 3 Culture Shift – Manager Accountability for Talent Development Diversity Hiring Protocols & Process Role Model Talent & Diversity Leader Targeted Development Planning 4 | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use 4

5 Custom Sourcing Strategies for the Business Resulted in Doubling of Sourcing Pools
Social Professional Groups Public Accounting Professionals Tax Professionals in Public Accounting Women in Leadership-Public Accounting Public Auditing and Accounting Certified Public Accountant Group CPA Public Accounting Professionals Friends of Public Finance Active Sourcing Diversity Nshmba.org – National Society of Hispanic MBA’s BlackPerspective.com veteransenterprise.com/blog Asianmba.org Now.org Women’s Career Networking and Professional Associations BayBio Pharma Diversity Job-Board MinorityProfessionalNetwork Professional Associations AICPA American Finance Association Finance Meet-up Groups CPA Meet-up Groups Finance Associations | EPA- European Finance Association Top Schools/Finance Washington Univ in St. Louis University of Pennsylvania Georgetown University McGill University College of William and Mary Boston College U of Illinois-Urbana Champaign Hillsdale College Passive Sourcing Open Web Publications Talent Community | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use

6 External Outreach and Diversity Focus Yields Significant Business Outcomes and Brand Impact
Strategic Partnerships PDN – 7.6% conversation rate Diversity partnerships from sourcing to mentoring Hiring Analytics Diversity “pull through” with stats for each stage of the hiring process Social Media & Brand Microsites & Talent Communities Business Impact: Diversity pools significantly increased 10,000 ethnically diverse for niche roles 45% increase in Military; 20% disabled; % female 46% female hires; 25% diverse hires Meeting or exceeding market availability 6 | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use

7 Embedding Diversity and Inclusion into Our New Hire Process Connects Attraction to Engagement and Retention Culture Integration Team Building/ Philanthropy Cross Functional Collaboration Two-Way Experiential Dialogue Diversity & Inclusion Focus Business Outcomes Consistent Customer Experience Retention and High Performance Accelerated Time to Productivity New Hire Engagement with a Culture of Diversity and Inclusion Creation of the Best START™ On-Boarding Program 7 | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use

8 12-Month Onboarding Program Provides a Sustainable Way to Pull-Through Our Commitment to New Hires and Diversity 2.5 Day Session/12 month program Inclusion of Sales and all Functions Team Building and Philanthropy - packaged 254,610 meals to date Culture Panel of diverse Novartis leaders rated as 4.5/5.0 Mingling with ERGs Onboarding Buddies and Mentors | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use

9 Diversity and Talent Processes Woven Together – “A New Way of Doing Business”
Monthly CEO/EC meetings Spotlight of key diverse talent Mid-year & Year-end reviews include diverse talent and hiring pulse check Development planning for diverse associates PMP objective for all managers to attract qualified diverse candidates reflective of the market Post calibration diversity lens for succession “Role Model Talent & Diversity Leader” defined Talent Scout expectations Flexible ‘time-to-fill’ allowing greater diversity sourcing Monthly Executive Talent Forums Diversity Integration with Performance Management Talking Talent Sessions Integrate Diversity Focused Dialogue Manager Accountability And Expectations Defined | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use

10 Robust Development and Pipeline Planning Expected for Rising Diverse Talents at All Levels of the Organization Associate-driven development through CareeRx Development ‘Pulse Checks’ to monitor progress 3x yearly Expectation that development will occur to enable “ready now” status per Succession Planning timeline Learning through others with Mentoring SharePoint | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use

11 An Integrated Talent, Culture and Diversity Pipeline Strategy Treating Our Talent Pipeline as Critical as Our Drug Pipeline An integrated diversity attraction, pipeline and development strategy is key to long-term success | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use

12 Questions? Comments? | DiversityInc – Linking Diversity Recruitment to Talent Development | Teresa Sankner | October 1, 2015 | External Use


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