This week after reading, the articles on how to manage your top talent, and how to manage generation x, y and the baby boomers. I thought of interviewing Christopher L. Link the Executive Director Region Manager for Morgan Stanley seemed like the next logical step. I wanted to gain perspective about how to manage different types of employees and if needed how best to cultivate these employees talents.
Mr. Link’s organization, Morgan Stanley is a Morgan Stanley is a financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services (Morgan Stanley, 2012). Mr. Link has over fifteen years experience in the financial services industry. He has held the position of bank teller up to Senior Vice President of Business Banking in numerous financial organizations. Christopher has been with his current organization for three years where he manages a team of twenty-seven direct reports spread out over fifty-nine offices in the state of California. I interviewed Christopher for this week’s assignment to get his perspective on the challenges of managing multiple different age groups.
VY: Our class readings this week focused on the challenges of managing different employee age groups such as; generation x, y and the baby boomers. Do you see this as a challenge?
CLL: “No, not at all. All of my financial account representatives are professionals at the top of their game. I do not treat any of them any different because of their age.”
VY: How do you motivate your team of employees? If one of your employees were a top performer, how would you motivate them to continue to give their all to your team and the organization?
CLL: “One of the primary ways is fear. First off, I expect more than most people are willing to give. One of the first questions I always ask in the first interview of a perspective team member, assuming that the person is qualified, is whether the person belongs on this team. The reason I ask this question is that in the financial services industry everything we do is totally measurable. If the employee is not a person who is not in the top fifty percent of any measurement that is applied to them, then they do not want to be on my team. But, if this is something the employee is and the employee wants to work harder, to work smarter, to adapt and to do better in every instance of their position than that employee wants to be on my team.”
VY: Does Smith Barney, as Martin & Schmidt mention in their article, have a Talent Development Program?
CLL: “They do, at the moment; I can’t remember the name of it.”
VY: That is OK. In Meister & Willyerds, article” Mentoring Millennials” the authors describe different mentoring styles. Who was your mentor or mentor(s)? Have you ever been a mentor?
CLL: “I have had many over the years. The best piece of information I ever received from one of my mentor’s was the three things that you have to remember every Monday morning.
1. Do you like the organization you work for?
2. You have to respect the person you work for.
3. You have to be in the right position that your talents are suited for.
If for any of these three things, you do not answer yes then you or your employee may need to look for another position.
As far as mentoring employees, I can tell you a story of a team of two financial advisers that I recently worked with Dale and Craig. These men are in their mid fifty’s and I inherited them after their manager left the company. The first thing I did as their manager was set up a “business analysis” meeting with the pair. At this meeting, I examined the men’s professional strengths and weaknesses and I told them that if they continued working the way they have been that they would be out of a job. I then helped them restructure how they performed their jobs and now after working with them for the past year and a half. Dale and Craig are now one of my top performing teams”
VY: What incentives do you give your team members or does your organization give your team members for performing well?
CLL: “The cash incentive a paycheck or the psychological paycheck; my team is the best and I as a manager am a reflection of my team. I am only as good as my team. As a performer and a producer, I don’t ask my team to do anything I have not done myself. As far as the organization is concerned there is a compensation structure for the members of my team.”
VY: How do you manage so many people across the state?
CLL: “I have constant communication with all of my team members. I talk to each of them at least every other day and every four to six weeks we have a face to face meeting.”
This was a difficult interview because although the readings for this week were very interesting I don’t believe that any of them were practical or based on any real world experience. They were all theory. Mr. Link and his experiences reinforced this concept. Every time I attempted to ask him about an example from the readings, he stated that this was not how it actually worked.
References:
Meister, J.C. & Willyerd, K (2010, May). Mentoring millennials. Harvard Business Review, 1-4. Retrieved from http://www.usc.edu
Martin, J. & Schmidt, C (2010, May). How to keep your top talent. Harvard Business Review, 1-8. Retrieved from http://www.usc.edu
Erickson, T. (2010) The leaders we need now, Harvard Business School, pp. 1-5.
Morgan Stanley, (n.d.). About Morgan Stanley. Retrieved from http://www.morganstanley.com