EY announces a series of new global talent programs designed to prepare its workforce and its business for the future of work, including LEAD, a new global model for career, development and performance. LEAD uses technology and innovative digital platforms and encourages real-time feedback across EY’s global workforce of 250,000 people, so that people gain the insights they need to develop, grow their individual careers and prepare for the future of work. LEAD also eliminates the use of numeric ratings in the performance management process.
With LEAD, the emphasis shifts from retrospective performance evaluations and detailed written assessments, to real-time feedback and better conversations that focus on individual career journeys and long-term future aspirations. At the beginning of the year and at least every 90 days thereafter, EY people will meet with counselors to review ongoing feedback and have discussions that drive higher performance and greater individual development.
LEAD features a new digital personal dashboard that provides an intuitive way for EY people to view their feedback from teams, and track their progress in real-time. LEAD also uses a new gold standard of performance measurement, which focuses on how the individual can aspire to greater levels ofachievement to become the best they can be. At the end of each year, EY people will receive individual summary reports showing a consolidated view of all performance feedback as well as an indication of how they performed in relation to their peers and against the gold standard.
LEAD is part of the organization’s broader effort to prepare its workforce, clients and business for the future of work by adapting its global business models, including its approach to talent development and recruitment.
Expanding our recruiting sources
EY is evolving its recruitment strategy to attract the best talent today, and anticipate the types of people and skills that will be needed to solve complex problems in the future. As EY continues to look at traditional sources for talent, it is also expanding its view to other sources and academic backgrounds such as science, technology, engineering and mathematics (STEM) students. The way people are working is changing given new business demands, technology and techniques, and these new sources of talent are adding to the experience and insights that EY teams need to deliver the best results for clients.
Stavros Pantzaris, EY Cyprus Country Managing Partner, says:
“Our people are our most valuable asset, they deliver the best results for our clients and help us realize our purpose of building a better working world every day. Investing in our human talent is one of our primary focuses as it is critical to the success of our firm. By strengthening our global talent programs, we will support the development of our people into purpose-driven leaders and equip them with the necessary skills to solve the most complex problems, as well as supporting them to reach their potential to improve and grow professionally. As we celebrate 80 years of successful business for EY in Cyprus, our new global talent programs support our vision of creating the highest-performing teams that deliver exceptional client service.“