Of course, employees have opportunities to build new skills in their daily work and through opportunities like special assignments, projects, temporary roles and a variety of formal and informal mentoring relationships. Training is also a regular part of everyone's experience. For example, our senior leaders invest in learning to become better ambassadors for our strategy and culture because they are expected to lead from the top. We also have numerous courses in leadership development, business education and practical training, plus specialized courses for employees in specific divisions, regions and roles.
Employees at all levels can access eLearning and in-person training, and we mandate completion of certain specialized modules on conduct, risk, finance and compliance topics. These trainings add up: in 2016 our permanent employees participated in:
- around 719,000 development activities
- an average of 11.8 training sessions per employee
- an average of 2.4 training days
See our annual report for more details about our training programs for students and wealth management specialists.
Our leaders are change agents for our ongoing transformation. Our annual Senior Leadership Experience (for top leaders) really drives home the links among business strategy, effective leadership and the firm's values. People leave knowing what it takes to win in our business and have new tools to engage their teams. Likewise, our Senior Leadership Program (developed with IMD) helps ensure managing directors with line manager responsibilities are aligned with our strategy, values and expectations.
In 2016, we launched a leadership program for managers of managers and redesigned our first-level manager program. These two programs extend the reach and impact of our strategic and cultural transformation.
High achievers in mid-career roles are prime candidates for "key talent" training. ED Accelerate targets executive directors, building our leadership pipeline and helping participants prepare for more senior roles. High potential directors and associate directors are invited to Ascent, an intense 12-month program featuring collaborative projects that find solutions to sponsors' real-time business issues.
Global demographic changes mean that many people are working longer, and doing so in a rapidly changing environment. That makes ongoing training and personal development more important than ever. We have a number of classes, events and initiatives that target experienced employees across the firm. One example is a suite of lifelong learning programs for (age 45+) employees in Switzerland – including specialized learning, personal career planning sessions, and training in information and communication technologies, networking, languages, social media, networking and multi-generational collaboration.