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Prudential Financial: Growing Money and Learning Efficiency
The Prudential Financial slogan, 'Growing and Protecting Your Wealth,' parallels the company's stance on learning. Prudential has created a learning and development strategy based on vendor partnerships and the formation of high-
The Prudential Financial slogan, "Growing and Protecting Your Wealth," parallels the company's stance on learning. The organization is comprised of various companies, each offering different products and services such as mutual funds, real-estate brokerage and relocation services. In order to meet the particular needs of each separate business, Prudential has created a learning and development strategy based in part on vendor partnerships and the formation of high-performing teams that share best practices across the organization and ensure that corporate learning works in tandem with the best learning from the field. Though independently operated, corporate learning and Prudential's individual business learning activities run along related tracks. Without one, the other might fail to create desired results for clients or for the employees.
Prudential has roughly 20,000 domestic and 19,000 international employees. The organization's ability to elevate employees' individual competencies, particularly those of middle managers who provide the bench strength for succession-planning efforts and act as a key to individual employee development and performance, is critical. "It's clear to everyone in the firm that human capital is the absolute advantage we have in the marketplace," said Raoul Buron, vice president and chief learning officer, Prudential Financial. "No question. The talent of our people truly is the competitive edge. It's a very serious and ominous responsibility that the learning organization and the learning professionals throughout the different businesses have in making sure that we stay leading edge in terms of technical knowledge as well as capability around management and leadership.
"The focus from corporate learning is to really focus on three different levels: individual development, team development and organizational development. Technical training is for the most part delivered by the learning professionals that are embedded throughout the different businesses. They have a very important job in keeping many of our field personnel up to speed on all that's required as our products change and different sales approaches are used to move those products out to our consumers," Buron said.
The Next Generation of HR: What’s Wrong? What’s Right?
May 23rd 1:00pm - 2:00pm CT
2013 CLO Breakfast Club, Boston
September 12th - 12th, 2013The Westin Copley Place
Fall 2013 CLO Symposium
September 30th - October 2nd, 2013Rancho Las Palmas Resort & Spa
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