Employee Development |
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Employee development expands beyond what is job-specific. Employees have the opportunity to develop new skills and pursue professional and personal growth and development. By providing training for Bank employees, the Fed is able to foster an environment of continuous improvement, efficiency, empowerment, and leadership. Leadership development is one of the highest priorities of the Bank and its management team. Strong leaders are key to the Bank's future success. The Bank strives to be distinguished for its success in developing leaders. By doing so, the Bank can position itself to effectively carry out its regional and Federal Reserve System responsibilities. In order to articulate its goal of developing leaders, the Bank has developed a set of leadership principles and competencies. Through educational assistance, employees are encouraged to strive for personal improvement and to obtain further knowledge that will permit them to perform their present jobs more effectively and/or increase their potential for progression to other positions within the Bank. Bank employees are encouraged to attend a variety of training courses each year. The Bank has a qualified staff of training professionals, who offer courses on both soft skills and job skills. To compliment the on-site training, the Bank also has a library of over 1,500 online training courses covering a range of computer and business topics. External training is also available to eligible employees at no cost. Current eligible employees have the opportunity to self-direct their careers by posting or applying for open positions within the Bank. The primary objective is to fill the position with a person whose qualifications best match the requirements of the position and/or whose career would be best served by a developmental opportunity. Generally, anyone who has been in his or her current position for one year or longer, and is meeting position expectations, can post or apply. Performance evaluations The Bank supports a participative performance evaluation process in which employees work with their management to identify growth opportunities and professional interests, determine goals, and establish action plans to achieve these goals. Although the Bank is committed to supplying developmental opportunities supplemented with consistent and constructive coaching, employees are expected to take the initiative in their professional development. |