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Canadian Perspectives 2008 Integrating SkillSoft Resources into Sun Life Financial’s Learning Program Maryann Baird, Director, Employee Development Janet Holmes, Senior Consultant, Talent Development Leadership & Talent Development November 6, 2008 International financial services leader Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol SLF. The world of Sun Life Financial The Sun Life Financial group of companies, including MFS Investment Management, has operations in 22 countries worldwide. Canada Ireland United Kingdom Berlin London Rotterdam Munich Milan Toronto United States Madrid Tokyo Bermuda Bahrain China Hong Kong India Mexico City Taipei Philippines Singapore Indonesia Sao Paulo Buenos Aires Sun Life Financial around the world MFS headquartered in the U.S. MFS investment and marketing / service offices Sydney External Talent Development Trends 1. Demographic shifts; need to attract, develop and retain next generation (Y and millennials) 2. Skills shortage in key professional streams 3. Employment markets changing in all geographies; varies by region 4. Increasing requirement for more sophisticated global leaders Key SLF Business Challenges • Defined investment dollars available to meet diverse development needs; usually it’s never as much as we hope for! • Competing for senior leaders’ attention; there are always a number of business priorities on their plate • Have an evolving competency model; different stage of implementation across the globe • Have technology/firewall restrictions; although mitigates exposure to outside risks, it also means it limits our access to some application functionality • There are a limited choice of vendors to partner with who have a global mandate • Have an evolving HR structure; changes to the scope of learning governance and responsibility across the organization Leadership & Talent Development Centre of Expertise Our Mission Build the capability (depth) and capacity (breadth) of the SLF workforce • Ready and able pool of talent to achieve current and future business goals • Enabled employees who actively manage their development and careers Our Team Talent Development Team (8) Our Mission Talent Performance and Review Team (2) Talent Planning and Measurement Team (3) Our Partnership with SkillSoft? For 10+ years we’ve chosen to partner with SkillSoft; • Early focus – broad range of on-line courses for Canada • Current focus – tighter alignment with competencies in Canada • Future focus – expand to global audience and align with worldwide competencies (leadership & core) Over the years SkillSoft has offered; • A quality, comprehensive library of on-line learning resources - courses & books • On-line learning solutions in multiple languages – English, French, & others • Access to quality people with experience and consultative expertise • Access to new ideas through a network of ‘global’ clients • Experience in dealing with technical issues on a global platform PEOPLE , PRODUCT , PERFORMANCE Integration Points • No explicit communications & marketing plan deployed to promote SkillSoft resources instead our strategy is to tightly align the on-line content with key HR & business practices • SkillSoft on-line courses support: – Performance management – individual’s development planning for current role competencies – Career management – individual’s development planning for future career opportunities – Just-in-time access to development information & resources – Integration into defined curriculum within business areas SLF Competency Model Competency = Blend of skills, knowledge and behaviours necessary for effective job performance. Used for selection and development purposes. Delivers Business Results • • • Leadership Competencies Thinks and Acts Strategically * Generates Innovative Solutions Drives for Action * Engages People • • • Attracts, Develops and Retains Talent * Leads Change * Embraces Differences Achieves Leadership Excellence Core Competencies Role-Specific Competencies * Priority leader competencies for development • • Manages Complexity * Builds and Applies Self-insight • • • • • Understands the Business Takes Accountability Focuses on the Customer Collaborates Effectively Communicates Confidently Examples of how SkillSoft is integrated… • Leadership development portfolio • Development Curriculum for Training Professionals • Call Centre operations Our Annual Review Process Define Budget Assess future competency needs based on business input • interview business Learning Practitioners across the organization Define Size of Library & Licenses Assess recent usage & User experience • review SkillSoft reports • conduct Zoomerang surveys to gather feedback from users Assess new SkillSoft offerings against competency model • conduct preliminary review of course content Prioritize topics & development requirements Make choices & build library based on gaps and opportunities Our Successes & Learnings Key Successes • Increasing use of SkillSoft courses • Quickly consolidate the input data from various sources in order to prioritize course selection • Early utilization of SkillSoft expertise and advice • Leveraging technology for surveying users Key Learnings • Make assessment process as simple as possible for our Learning Partners across the organization • Co-ordinate new course offering roll-out to avoid collisions with internal technology upgrades Future Challenges • Worldwide users … – Multiple languages – Multiple time zones • Technical system performance • Budget & license utilization • Impact measurement