11/18/2023 0 Comments Synchrony financeSynchrony replaced a legacy annual review and rating system with a new model designed to encourage more frequent coaching conversations between managers and employees and clarity of outcomes. ![]() The company has co-designed industry-leading benefits and programs with employees to better support their evolving needs, offering teams maximum flexibility, total well-being and equity. Synchrony, which was named a Top 20 Best Company to Work For in the U.S. and a Top 5 Best Workplace in Financial Services and Insurance by Fortune magazine and Great Place To Work, continues to build on its people-first culture and investments. Thanks to the work of this cohort, we now have the metrics to measure the experience the leader creates for all levels of their organization. A 'for all' leader ensures every employee can contribute their best. Every leader wants to generate greater innovation and productivity, and by tapping into the full potential of their people, they can do that. ![]() "Leaders must transform and evolve, and these companies understand that to be the best in the world, you need to lead for all. "Synchrony has boldly taken action to transform its organization," says Michael C. Together with Great Place To Work, the company will put data-driven insights into action and share learnings to enhance effectiveness around leadership development. The company will also continue to conduct its ongoing pulse surveys with employees, introducing new questions focused on leadership and support from their direct managers. To measure progress, Synchrony will deploy new leadership assessment tools that will allow leaders to benefit from constructive feedback from their peers. "In partnership with both Great Place To Work and our employees, we're challenging ourselves to embrace the mindset shifts needed to unlock innovation, accelerate equity and drive strong business results." ![]() "Synchrony is a values-led company and culture," said Brian Doubles, President & CEO of Synchrony. These agile pilot initiatives will test the hypothesis that when top leaders model these desired behaviors, they can deepen a culture where all employees feel like they belong – accelerating progress in Diversity, Equity, Inclusion and Belonging while achieving strong business performance. The company is investing in its top 300 leaders through a comprehensive, year-long development program which include three-day interactive sessions called Impact Sessions, along with accountability partners and coaching. Synchrony is testing new ways to train leaders to lead differently and enhance the employee experience, identifying and developing leadership behaviors that accelerate individual and team performance, including candor, empathy, moving from managing to coaching and accountability. Synchrony is investing in its top leaders through a comprehensive development program, testing new ways to train leaders to lead differently and enhance the employee experience. ![]() Synchrony President & CEO Brian Doubles opened a three-day interactive Impact Session for the company’s senior leaders in the fall of 2023.
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