We actively develop our current and future leaders. We focus especially on strengthening their ability to lead people in line with our principles and to implement our strategy. We also place particular emphasis on training that enables our businesses to achieve their goals. For example, in Wealth Management Americas, select candidates for financial advisor roles are hired into a two-year, salaried training program that enables them to obtain relevant licensing, training and practical experience in a US branch office before joining a team as a full financial advisor.
Most of our business education is offered through specific learning pathways. Sequential courses in areas such as risk, compliance, sales, advisory and financial markets help ensure consistent training across similar job roles.
All employees can access development opportunities on the job and through eLearning and targeted training programs, as well as through customized training and coaching. Employees are also expected to consider career and skill development opportunities as part of the firm’s performance management process.
Our eLearning portfolio consists of more than 5,100 courses on topics such as communication skills, management and leadership, financial markets and IT. In 2013, our global employee population participated in about 776,000 development activities, including approximately 512,000 mandatory training sessions focusing on compliance and regulatory topics. This equated to an average of 12.5 training experiences per employee or an average of 2.5 training days.