Make talent your job
Session recap: A talent for talent
Talent can be both your company’s greatest advantage and challenge. Three panelists—two CEOs and one CFO—shared their thoughts on talent recruitment, development and retention.
When it comes to recruitment – gathering the right talent for your company – attitude comes first. If having to choose between experience and attitude, all panelists said they would go with attitude every time. They also seek to recruit (and develop) diverse teams, which lead to broader thinking and better solutions.
Developing talent takes time; accordingly, you have to make it a priority and dedicate time to it; one panelist said he regularly allocates half his meeting time to development – either on an individual or organizational level.
Each panelist shared their top tip on retention: Expose employees to new experiences and ideas, i.e., have fun! Through engaging employees, foster in them pride in the organization. Appreciate your employees – though it seems like common sense, lack of appreciation is the #1 reason employees leave.
By prioritizing talent recruitment, development and retention, you can make talent your key differentiator and catalyst for growth.
Make talent your job
Nancy A. Altobello is the EY Americas Vice Chair, Talent. She was previously Managing Partner for Assurance and Advisory Business Services in the Northeast for Ernst & Young LLP. Nancy has worked in the firm’s New Haven, Stamford, Boston and New York offices, serving technology, consumer products and insurance clients. She is a member of the EY Americas Operating Executive and its Global Talent Executive Committee. Nancy serves on the Fairfield University Board and is Chair of the Finance and Audit Committee. She is a board member and treasurer for MENTOR: The National Mentoring Partnership and The Business Council for International Understanding.
Edward S. Baumstein is the CEO and Founder of SolomonEdwardsGroup, LLC, a $160 million national professional services firm focused on accounting, banking, financial and IT services. He brings over 30 years of expertise in the professional services industry. Prior to starting SolomonEdwards in 1999, he was the President and COO of Acsys Inc., a $160 million accounting, finance and IT staffing company that was created and taken public through the roll-up of multiple staffing companies including Acsys Resources ($25 million) where Ed was the President and CEO. He began his career with PriceWaterhouse. Ed is a certified public accountant. He received his BS in Accounting from Temple University in Philadelphia, Pennsylvania. He resides in Villanova, Pennsylvania, with his wife and four children.
Robert A. DiMuccio, Chairman, President and CEO at Amica Mutual Insurance Company, has been an Amica employee since 1991. DiMuccio earned his bachelor’s degree at Providence College. He joined Amica as a vice president in the Accounting Department and was promoted to CEO in 2005. He has earned the insurance industry’s prestigious Chartered Property Casualty Underwriter professional designation. DiMuccio is President of the Board of Directors of the Rhode Island Public Expenditure Council. In addition, he serves on the boards of the Institute for Business and Home Safety, the Property Loss Research Bureau, the Washington Trust Company and the Greater Providence Chamber of Commerce.
Tom Schoewe served as Executive Vice President and Chief Financial Officer of Wal-Mart Stores, Inc. (Wal-Mart) from 2000 to 2011. Prior to joining Wal-Mart, Mr. Schoewe worked for Black & Decker Corporation from 1986 to 1999, most recently serving as Senior Vice President and Chief Financial Officer. From 1974 to 1986, Mr. Schoewe worked for Beatrice Companies, Inc., where he was Chief Financial Officer and Controller for Beatrice Consumer Durables, Inc. Mr. Schoewe is a director of KKR Management LLC, General Motors and Northrop Grumman Corporation. He served as a director of PulteGroup, Inc. (2009 to 2012) and Centex Corporation from 2001 to its 2009 merger with Pulte Homes, Inc. (now doing business as PulteGroup, Inc.).