PAY IT FORWARD:MENTORING OUR FUTURE LEADERS

November 14, 2016

Rebecca ZinnDirector, Marketing & Business Development Assistant Professor, Marketing

TL Hill, PhDManaging DirectorAssociate Professor, Strategic Management

Fox Management Consulting | Temple University 2

Fox Management Consulting offers research-intensive, actionable consulting services to clients across the globe.

RECENT RELEVANT ENGAGEMENTSCLIENT: FORTUNE 50 MEDIA COMPANYTalent retention strategy designed to reduce turnover among a segment of the firm’s workforce.

CLIENT: FORTUNE 100 FINANCIAL INSTITUTIONMarket research & insights on “new to credit” segment, focusing on people under 35.

CLIENT: FORTUNE 500 FINANCIAL SERVICES FIRMMarketing strategy designed to engage 18 – 24 year-old college students.

CLIENT: $2.5 BILLION NONPROFIT HEALTHCARE ORGANIZATIONDonor development strategy designed to engage younger donors by expanding use of digital technology and social media.

CLIENT: $1.2 BILLION INSURANCE + RISK MANAGEMENT FIRMNew business strategy focused on prospective young adult customers.

Fox Management Consulting | Temple University 3

In a recent survey, young professionals cited a “thriving job market” as the most important quality of a city.

SOURCES: “Survey Says Millennials Want To Live In New York, Research Suggests They Should Live In Philadelphia.” Forbes. June 13, 2016; “Living the Millennial Dream.” Adobo.com

TOP CAREER GOALS, ACCORDING TO 2015 SURVEY CONDUCTED BY IBM

Make a positive difference at place of employment

Help solve environmental and social challenges

Work with a diverse group of people

Work for an organization among the best in industry

Find passion in work

Become a senior leader

Achieve financial security

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PHILADELPHIA IS THE MOST DESIRABLE CITY.The same survey suggested that Philadelphia offers a majority of the qualities that young professionals cited as important. And, in fact, offers more than any other major city in the United States.

• Thriving Job Market

• Affordable Housing

• Good Pizza!

• Walkable

• LBGTQ-Friendly

• Quality Public Transportation

• A Nearby Lake, River, or Beach SOURCES: “Survey Says Millennials Want To Live In New York, Research Suggests They Should Live In Philadelphia.” Forbes. June 13, 2016; Adobo.com

5Fox Management Consulting | Temple University

29%

71%

Philadelphia PopulationAges 18 - 34 Ages 35+ 120,00

0 BETWEEN 2005 & 2015, NUMBER OF NEW RESIDENTS, AGED 20 - 34

2/3 OF “NEWLY ARRIVED” RESIDENTS

SOURCES: 2015 US Census Data; “Young Philadelphians.” Philadelphia Business Journal. July 21, 2016.

Fox Management Consulting | Temple University 6

As a business community, we have an opportunity to invest in the future by cultivating leadership within our organizations.

A THRIVING CITY

PROFITABLE ORGANIZATIONS

IMPACTFUL INDIVIDUAL CAREERS

Fox Management Consulting | Temple University 7

How do we get there? Because recent research is quick to point out disconnects between young professionals & their employers.

64%OF YOUNG PROFESSIONALS EXPECT TO LEAVE WITHIN 5 YEARS

SOURCE: 2016 Millennial Survey. Deloitte.

LEADERSHIP DEVELOPMENT

CAREER ADVANCEMENT OPPORTUNITIES

A CLEAR PATH FORWARD

SENSE OF MAKING A DIFFERENCE

Fox Management Consulting | Temple University 8

Let’s build bridges to address these disconnects – whether real or perceived.

TABLE DISCUSSIONSCONVERSATION TOPIC 1In your organization, what are the opportunities for leadership development & growth for young professionals?CONVERSATION TOPIC 2Young professionals: Do you have a “wish list” of opportunities? Are there organizational dynamics that might be helpful to change? Mentors: What are your expectations of successful young professionals in your organization?

CONVERSATION TOPIC 3As a table, identify 2 top priorities for cultivating young professional leadership within an organization. For each, propose one way to bridge the gap.