BMO's Talent Strategy
Meeting the high expectations of our customers and other stakeholders requires the best people. That’s why BMO has developed cutting-edge strategies to identify and develop emerging leaders.
In 2011, we launched the Talent Advisory Network, bringing new focus to coaching, development planning and retention initiatives for emerging leaders. The Talent Advisory Network is part of BMO’s overall talent strategy, which has four key priorities:
We’ve begun removing boundaries around talent development to ensure the entire organization has access to strong future leaders. At the same time, we’re making current leaders at all levels more accountable for attracting, developing and retaining good people. And we’re working with our executives to ensure they review their teams as rigorously as they review operations, strategy and budgets.
We encourage BMO’s leaders to think holistically about coaching and developing their team members. To ensure we place people in the right roles, we’ve developed effective methods that guage our needs for skills and experience throughout the organization. Those methods have been integrated into our Advanced Leadership Program to help teach our leaders about talent development. In addition, BMO’s talent advisors host forums inviting different perspectives on where to place emerging leaders.
We’re encouraging leaders to have candid conversations with employees to better align career goals with succession plans. The following are some of our guidelines for career development:
- It should be predominantly experience-based, focusing on individuals’ day-to-day roles – including assignments requiring new skills, switching between line and staff positions, and experience-building projects within BMO and in the community.
- It should also be relationship-based, integrating feedback from managers, mentors and other advisors.
- Finally, it should be training-based – via leadership development programs, technical skills training and continuing education options such as the EMBA.
At BMO we are committed to workforce diversity and workplace inclusion. We align our commitment to diversity and inclusion with our business strategy enabling our people to better serve our customers. For more information, please visit our Diversity and Inclusion page.