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Championing Diversity and Inclusion at Bank of America

HR Digest

When our employees have the tools and resources to manage their life and their career, they are able to better deliver for our clients. We have an experienced team of case managers that help connect employees to the right resources and benefits and make these transitions easier to manage. What do employees really value?

Banking 78
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Measuring Right: Understanding Goodhart’s Law

QAspire

If you don’t frame your metrics right, they can distort behaviors. A bank executive once insisted that I do him a favor by getting a free credit card (even when I did not require it). In an organizational context, how do we manage this? Over to you: How would you manage metrics so that they enable right behaviors?

Metrics 118
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Leading by Cause

Lead Change Blog

A recent conversation with a community bank CEO focused on his vision for the company. Logic tells us we can manage cause, but only measure effect. Shifting to cause-based analysis of results positions leaders to laser-target interventions – coaching, guiding, managing or taking direct action – to change the trajectory of outcomes.

P&L 220
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Wall Street banks opt for greater automation for grunt work to retain talent

HR Digest

Banks now insist on weekend offs, no excessive overtime, and greater use of technology for routine work. Wall Street banks are trying to automate as much grunt work as possible to save the younger bankers from feeling overwhelmed. Headcount in the banking industry is likely to get reduced, aided by technology.

Banking 95
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How should managers role-model inclusion in their workplaces?

Chartered Management Institute

And how should managers role-model inclusion in their workplaces? If they are open and honest, it develops a sense of psychological safety that others can relate to. Matt agrees: “The Bank of England looked at cognitive diversity in the aftermath of the last crash and worked out it didn’t have a diverse enough range of views.

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3 Common Mistakes That Prevent Leaders from Building Trust

Lead Change Blog

It reminds me of the old project management adage: people don’t plan to fail; they just fail to plan. Like some sort of relational osmosis, people figure trust just naturally develops over the course of time, and the longer you’re in relationship with someone, the greater the likelihood you’ll build a strong bond of trust.

Planning 264
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The Optimist’s Telescope: Thinking Ahead in a Reckless Age

Leading Blog

At a Stanford Director’s College in 2016, Roger Dunbar, chair of the Silicon Valley Bank, told Venkataraman that “when he hears company executives or board members responding to short-term noise with outsize reactions, he likes to pretend he is lost. It helps too to look past typical metrics to see what is actually happening long-term.

Long-term 224