Planning for the Future: The New Finance Officer Spring Conference... · Planning for the Future:...
Transcript of Planning for the Future: The New Finance Officer Spring Conference... · Planning for the Future:...
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Planning for the Future: The New Finance Officer
Virginia Government Finance Officers Association
May 5, 2016
Heather Johnston, GFOA President & City Manager, Burnsville, MN
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35W Bridge Collapse
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Burnsville Water Partnership
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Focus on Future CFOs
• GFOA Resiliency Efforts - Task Force 2.0
• Succession Planning
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GFOA Resiliency
• Resiliency Task Force 1.0
• Focus on Financial Resiliency
• Issue of Government Finance Review
• Best Practices
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GFOA Resiliency
• Resiliency Task Force 2.0
• Focus on Finance Professionals
• How to recruit, retain and motivate
• Field testing is underway
@GFOA President #GFOA Resiliency
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GFOA Resiliency Task Force 2.0
• 20 Finance Professionals from the United States and Canada
• Mission: To research, develop and test practical ideas to recruit and retain engaged employees into public finance.
• Reviewing current literature
• Developing practical information
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Task Force 2.0: Mission Statement
• Research, develop and test practical ideas to recruit and retain engaged employees into public finance.
• Emphasize ideas applicable to all generations, with special attention to millennials
• Engage finance employees as true partners
• Developing practical information
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Reviewing the Literature
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• Autonomy • Mastery • Purpose
• Digital • Clear • Fluid • Fast
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Ideas to Explore
“Drive” by Daniel H. Pink
• Autonomy – Don’t micromanage – allow time for creativity (“FedEx Days”)
• Mastery – Increase engagement and set clear goals
• Purpose – Explain the reason behind the task, what goals you are trying to achieve and the “why” behind what we do
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Ideas to Explore
“When Millennials Take over” by Jamie Notter and Maddie Grant
• Digital – Focus on the user; make sure processes are changed with technology
• Clear – Share information with employees; include others in decision making
• Fluid – Be flexible when possible; allow others to make decisions
• Fast – Make information accessible to public
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What’s the Problem?
• Developed Small Groups based on research
– Strategies for Attracting Millenials
– Autonomy
– Purpose
– Mastery
• Brainstorming, then narrowing the focus
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Testing the Theory: Four Groups
• Special/Self-Directed Time
• Engaging your Staff in Decision-Making Meetings
• Stretch Assignment Field Test
• Action Planning
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What does this Look Like?
• Articles in Government Finance Review
• Practical tools
• Just get started!!
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What else?
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What is Succession Planning?
A. Replacing the person who just left the organization
B. A new iPhone game
C. The current past-time of Prince William and the Duchess of Cambridge
D. Thinking strategically about the needs of your organization and how to address them
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Why Do It?
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Succession Planning Case Study: Burnsville, MN
• Burnsville, MN: A third-ring suburb of the greater Minneapolis/St. Paul metro area
• Geographic Area: 27 square miles
• Population: 61,300
• City Budget: $102 million
• 270 employees, 5 unions
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Simple Start to the Conversation
• Management Team Discussion
• Ask the Questions
– When?
– Who?
– What is our Need?
• Identify a strategy
• Partner with Human Resources
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Simple Start to the Conversation
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Talk about the Future
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Action Steps
• Identify the gaps
• Establish Future State
• Engage the incumbent
– Skill assessment
– Knowledge transfer
• Evaluate internal readiness
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GFOA Resiliency Definition
• Recognize risks!
• Be flexible!
• Be robust!
• Exercise foresight!
• Adapt!
• Look deeper!
• Build relationships!
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How to Stay Informed and Share Your Ideas?
• Contact GFOA
– Shayne Kavanagh
– Elizabeth Fu
• Email Me at [email protected]
• Join the Birds
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@GFOA President #GFOA Resiliency
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Questions?
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