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Town Hall
An interactive, roundtable-style discussion. For members only.
December 9, 2021

Peak Performance: Rethinking performance reviews in a hybrid world

Workforce Executive Council | Leadership & Management | Talent Pipelines & Inclusion

As the year draws to a close, companies are facing fresh challenges in the form of the omicron variant, the risk it poses, and confusion over what fully vaccinated really means. At the same time, questions remain about the best ways to deliver fair and equitable performance reviews as employees continue to split their time between being in the office and working remotely. We tackled both these important topics at the last WEC Town Hall of 2021.

Host

Meg Tirrell, CNBC Senior Health & Science Reporter, Dominic Chu, CNBC Senior Markets Correspondent

Speakers

Dr. Vin Gupta, Amazon Sr. Principal Scientist & Chief Medical Officer, COVID-19 Response

Bryan Hancock, McKinsey & Company Partner

December 9, 2021

Peak Performance: Rethinking performance reviews in a hybrid world

Workforce Executive Council | Leadership & Management | Talent Pipelines & Inclusion

As the year draws to a close, companies are facing fresh challenges in the form of the omicron variant, the risk it poses, and confusion over what fully vaccinated really means. At the same time, questions remain about the best ways to deliver fair and equitable performance reviews as employees continue to split their time between being in the office and working remotely. We tackled both these important topics at the last WEC Town Hall of 2021.

Key Points

  • Given what is known—and not known—about omicron, Dr. Vin Gupta, a critical care pulmonologist, affiliate faculty member and scientific health advisor at the University of Washington, says the psychological wellbeing of employees would be better served with more time and certainty about the risks posed by this latest variant.
  • While changing return dates only makes CHROs’ jobs even more complex, the bigger issue that companies will soon need to address is the definition of fully vaccinated. Companies should prepare now to re-evaluate their definition of fully vaccinated to better reflect what we’re learning about omicron and communicate that clearly to their employees.
  • Bryan Hancock, a partner with McKinsey & Co., said the challenge of fair performance reviews pre-dated Covid, but the pandemic amplified the need to get this right.
  • It will require a new way of doing things but fairness and equity in performance reviews can be achieved when there is a premium placed on transparency and consistent and open communication between managers and employees.
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Summit
Flagship member event with interactive sessions, panels, and marquee speakers.
November 17, 2021

3rd Annual TEC Summit

Technology Executive Council | AI & Machine Learning | Digital Transformation & Innovation | Future of Work | Security & Data

The 3rd Annual CNBC Technology Executive Council Summit was held on Wednesday, November 17, 2021 in New York, NY. The TEC Summit is CNBC’s flagship technology conference, and as our annual year-end member convening, an opportunity for top CIOs, CISOs, and CTOs to come together to hear from and dialogue with marquee speakers and industry experts, meet CNBC journalists, and spend quality time with fellow TEC member executives. Programming and discussions are designed to be thought-provoking, timely, and interactive, covering critical issues including digital transformation, developing tech talent pipelines, cybersecurity, and more. The half-day summit will begin with lunch at noon, followed by an afternoon of programming with ample networking time, then cocktails and dinner.

Host

Tyler Mathisen, “Power Lunch” Co-Anchor & Vice President, Events Strategy

Speakers

Gerald Chertavian, Year Up Founder & CEO 

Anil Dash, Glitch CEO 

Cherif Gamra, TechNext Inc. Director of Client Operations

Jared Isaacman, Shift4 Payments CEO & Founder and Inspiration4 Mission

Chris Magee, TechNext Inc. CEO & Co-Founder   

Kevin Mandia, Mandiant CEO 

Leon E. Panetta, Former United States Secretary of Defense

Simone Petrella, Cybervista CEO  

November 17, 2021

3rd Annual TEC Summit

Technology Executive Council | AI & Machine Learning | Digital Transformation & Innovation | Future of Work | Security & Data

The 3rd Annual CNBC Technology Executive Council Summit was held on Wednesday, November 17, 2021 in New York, NY. The TEC Summit is CNBC’s flagship technology conference, and as our annual year-end member convening, an opportunity for top CIOs, CISOs, and CTOs to come together to hear from and dialogue with marquee speakers and industry experts, meet CNBC journalists, and spend quality time with fellow TEC member executives. Programming and discussions are designed to be thought-provoking, timely, and interactive, covering critical issues including digital transformation, developing tech talent pipelines, cybersecurity, and more. The half-day summit will begin with lunch at noon, followed by an afternoon of programming with ample networking time, then cocktails and dinner.

Key Points

  • According to Anil Dash, CEO of Glitch and self-proclaimed tech optimist, the ability to check in with remote employees via different tools and platforms is liberating and productive for many, but there are differences. “Vulnerable people in your organization don’t experience surveillance as helpful,” he said.
  • “We’re never going to solve this talent shortage if companies don’t address what’s happening at the entry level,” Simone Petrella, CEO of CyberVista told CNBC’s Jon Fortt. She said companies should put a bigger focus on evaluating the tech talent they have and then put in place upskilling programs to get them to the next level. Petrella added that the average cyber job takes six months to fill.
  • The unrelenting frequency of cyber attacks on companies, hospital systems, schools and critical U.S. infrastructure has reached a boiling point, said Kevin Mandia, CEO of Mandiant, the company that discovered the SolarWinds attack nearly a year ago. “Everyone is tired of ransomware,” he told CNBC Senior Washington Correspondent Eamon Javers. But there are things companies can do. He urged TEC members to require two-factor authentication in their organizations and to make spear phishing training essential for all employees.
  • “There’s just so much we don’t know about space yet,” said Jared Isaacman, Shift4 Payments founder and commander of the first all-civilian crew to orbit the Earth. He told TEC members that the role of the private sector in space exploration is a good thing, adding that capital can be deployed more efficiently than when it comes from the government.
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Summit
Flagship member event with interactive sessions, panels, and marquee speakers.
November 3, 2021

2nd Annual WEC Summit

Workforce Executive Council | Future of Work | Leadership & Management | Talent Pipelines & Inclusion

The way we approach work is changing before our eyes. Technological advances, demographic shifts and new perspectives on the employee/employer relationship have led to a major cultural shift when it comes to the workforce. The Workforce Executive Council Virtual Summit convened WEC members to discuss key program themes, including the future of work, employee engagement and talent development, and diversity and inclusion. Chief human resource officers, diversity and inclusion leaders, and top talent and benefits executives often are the guardians of a company’s culture. They face a delicate balancing act, and the stakes are high. The role of the HR executive never has been more challenging — and the opportunities more exciting. As corporations and financial markets place more value on human capital concerns like stakeholder capitalism, corporate culture and jobs of the future, it’s clear that senior Human Resources Officers will be central to redefining how businesses survive and thrive in the next era.

Host

Tyler Mathisen, CNBC "Power Lunch" Co-Anchor and Vice President, Events Strategy

Speakers

Joseph Allen, Harvard T.H. Chan School of Public Health Associate Professor and Harvard Healthy Buildings Program Director

Masheika Allgood

Jared Bernstein, White House Council of Economic Advisers Member

Nicholas Bloom, Stanford University Professor of Economics

Heidi Brooks, Yale School of Management Senior Lecturer in Organizational Behavior

Lawrence O. Gostin, Georgetown University Professor, Founding O’Neill Chair in Global Health Law; World Health Organization Center on National and Global Health Law Director

Steve Pemberton, Workhuman Chief Human Experience Officer

Betsey Stevenson, University of Michigan Professor of Public Policy, Professor of Economics

November 3, 2021

2nd Annual WEC Summit

Workforce Executive Council | Future of Work | Leadership & Management | Talent Pipelines & Inclusion

The way we approach work is changing before our eyes. Technological advances, demographic shifts and new perspectives on the employee/employer relationship have led to a major cultural shift when it comes to the workforce. The Workforce Executive Council Virtual Summit convened WEC members to discuss key program themes, including the future of work, employee engagement and talent development, and diversity and inclusion. Chief human resource officers, diversity and inclusion leaders, and top talent and benefits executives often are the guardians of a company’s culture. They face a delicate balancing act, and the stakes are high. The role of the HR executive never has been more challenging — and the opportunities more exciting. As corporations and financial markets place more value on human capital concerns like stakeholder capitalism, corporate culture and jobs of the future, it’s clear that senior Human Resources Officers will be central to redefining how businesses survive and thrive in the next era.

Key Points

  • The labor shortage and what it will take for companies to attract and retain talent remains top-of-mind for WEC members. Betsey Stevenson, a professor of economics and public policy at the University of Michigan, encouraged council members to invest in workplace flexibility and focus on the humanity of their workers to reinvigorate current employees and attract new ones. “People are reevaluating their jobs and lives. They figured out what they really want, so they’re searching for something different,” she told CNBC’s Sara Eisen.
  • Flexibility is the key to keeping both sides engaged, said Nicholas Bloom, Stanford University Professor of Economics, in conversation with CNBC’s Dominic Chu. Bloom said 40% of the U.S. workforce is going utilize some type of hybrid work option, whether employees are coming into the office 2 or 3 days per week.
  • In a hybrid space, Brooks said companies can foster a culture of learning across all levels of employment to facilitate this transition. “It's a huge time for learning because everyone knows that we haven't been around this corner. Hybrid work is new for us,” Brooks said.
  • “Vaccines and economic progress, revenue growth, income growth, wage growth, jobs, GDP industrial production; every variable that I look at seems highly and positively elastic to wiggles in the [Covid-19] caseload,” Jared Bernstein, White House Council of Economic Advisers Member, said to Kayla Tausche, CNBC Senior White House Correspondent.
  • According to Masheika Allgood, AllAI Consulting Founder, HR professionals should acquire three skills when it comes to AI: understand what it is, what it’s good at, and what its limitations are. “When it comes to AI, there's this hands-off fear,” Allgood said. “Like, ‘No, the data scientists know best.’ They know how to code, but they don't know what you know.”
  • Alison Borland, Alight EVP, Wealth Solutions and Strategy, in a conversation with Devin Banerjee, LinkedIn Editor at Large stated that wellbeing can be defined in four dimensions: a healthy body, healthy mind, healthy wallet and healthy life.
  • With a recent vaccine mandate for federal workers, larger companies with 100 or more employees may soon mandate vaccinations or routine testing against Covid-19. This may lead to more employees getting vaccinated to avoid the time, cost and hassle of regular testing, said Lawrence O. Gostin, Georgetown University Professor, Founding O’Neill Chair in Global Health Law; World Health Organization Center on National and Global Health Law Director, in a conversation with CNBC’s Contessa Brewer.
  • “Greater ventilation leads to significantly better cognitive function performance of employees,” Joseph Allen, Harvard T.H. Chan School of Public Health Associate Professor and Harvard Healthy Buildings Program Director, said to CNBC’s Meg Tirrell “It is good for worker health, productivity and performance.”
  • Steve Pemberton, Workhuman Chief Human Experience Officer and author of “The Lighthouse Effect: How Ordinary People Can Have an Extraordinary Impact in the World,” in a conversation with CNBC’s Sharon Epperson shared “When you work in human resources, you are, in essence, the people who take care of people and you get to see all these human stories." “Perhaps as you are navigating your own daily life, you are being a lighthouse to someone else who might draw strength and courage and conviction just from your presence,” he told WEC members.
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Fed Matters
November 2, 2021

CNBC CFO Council Fed Matters — November 2021

CFO Council | Corporate Governance | Global Economy | Treasury, Congress and The Fed

On November 2nd, Members of CNBC’s CFO Council heard from CNBC’s very own Steve Liesman ahead of the highly anticipated FOMC decision.

Host

Steve Liesman, CNBC Senior Economics Reporter

November 2, 2021

CNBC CFO Council Fed Matters — November 2021

CFO Council | Corporate Governance | Global Economy | Treasury, Congress and The Fed

On November 2nd, Members of CNBC’s CFO Council heard from CNBC’s very own Steve Liesman ahead of the highly anticipated FOMC decision.

Key Points

  • As expected, inflation has remained the number one concern and risk to the economy. Labor shortage has also remained a pressing issue within the United States as a result of the immigration crisis. While we have yet to see any obvious solutions, inflation is certainly the more manageable issue of the two.
  • According to CNBC’s Fed. survey. Predictions have expected the fed to taper in November with an average monthly cost of 15 billion. Respondents forecasted a median hike for September 2022 while 44% believe it could be here as soon as July.
  • A one size fits all mindset is no longer realistic as becoming more flexible is crucial, especially for older generations in terms of understanding and taking full advantage of new technology.
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Town Hall
An interactive, roundtable-style discussion. For members only.
September 30, 2021

The Global Semiconductor Shortage and Broken Supply Chains: How Technology Is Impacted and What Technology Can Do To Fix It.

Technology Executive Council | Crisis Management & Resilience | Digital Transformation & Innovation

Ford Motor Company Former President & CEO Mark Fields, Longview Global Managing Dir. & Sr. Policy Analyst Dewardric McNeal & Marvell Technology President and Chief Executive Officer Matt Murphy join CNBC “TechCheck” Co-Anchor Jon Fortt for a discussion on the global semiconductor shortage and broken supply chains.

Host

Jon Fortt, CNBC “TechCheck” Co-Anchor

Speakers

Mark Fields, Ford Motor Company Former President & CEO

Dewardric McNeal, Longview Global Managing Dir. & Sr. Policy Analyst

Matt Murphy, Marvell Technology President and Chief Executive Officer

September 30, 2021

The Global Semiconductor Shortage and Broken Supply Chains: How Technology Is Impacted and What Technology Can Do To Fix It.

Technology Executive Council | Crisis Management & Resilience | Digital Transformation & Innovation

Ford Motor Company Former President & CEO Mark Fields, Longview Global Managing Dir. & Sr. Policy Analyst Dewardric McNeal & Marvell Technology President and Chief Executive Officer Matt Murphy join CNBC “TechCheck” Co-Anchor Jon Fortt for a discussion on the global semiconductor shortage and broken supply chains.

Key Points

  • According to Marvell Technology President & CEO Matt Murphy, “Due to the current ‘panic buy’ of semiconductors, there is a possibility of a surplus stock of semiconductors once the shortage is over."
  • Managing Director & Sr. Policy Analyst at Longview Global Dewardric McNeal believes the different geopolitical perspectives of countries competing in the tech industry can lead to long-term tech allocation issues beyond the pandemic.
  • “Rethinking your company’s supply chain can come with increased costs, however it can reduce your company’s risk from unknown factors that can significantly impact it, such as the COVID-19 pandemic,” says Mark Fields, former President & CEO of Ford Motor Company.
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Town Hall
An interactive, roundtable-style discussion. For members only.
September 22, 2021

How Are You Doing? A New Approach to Tackle the Burnout Crisis

Workforce Executive Council | Crisis Management & Resilience | Leadership & Management

How are you doing? A new approach to tackle the burnout crisis with Jennifer Moss, author of "The Burnout Epidemic: The Rise of Chronic Stress and How We Can Fix It", and CNBC's Sharon Epperson.

Host

Sharon Epperson, CNBC Senior Personal Finance Correspondent

Speakers

Jennifer Moss, Author of The Burnout Epidemic: The Rise of Chronic Stress and How We Can Fix It   

September 22, 2021

How Are You Doing? A New Approach to Tackle the Burnout Crisis

Workforce Executive Council | Crisis Management & Resilience | Leadership & Management

How are you doing? A new approach to tackle the burnout crisis with Jennifer Moss, author of "The Burnout Epidemic: The Rise of Chronic Stress and How We Can Fix It", and CNBC's Sharon Epperson.

Key Points

  • To change the workplace culture that causes employee burnout, companies must first separate their well-being strategy and burnout prevention strategy. One is more upstream, looking at macro causes and fixing them, while the other promotes motivation,” says Jennifer Moss, author of “The Burnout Epidemic: The Rise of Chronic Stress and How We Can Fix It”.
  • According to Moss, create psychological safety and a safe space for employees through a diverse work team with different perspectives.
  • “Instead of recycling the same content, brief weekly team meetings must provide transparent communication reflecting on how the team worked together that week and how to collectively improve moving forward,” states Moss.
  • A certain comfort level must be established for employees to understand that their mental health is valued in the company. Therefore, executives must set the tone and display through their personal workstyle that mental health should be a priority for everyone. “Simple, thoughtful actions done with repetition equal positive well-being outcomes,” says Moss.
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Breaking News
A roundtable discussion on a devleoping, pressing breaking news topic impacting member executives.
August 30, 2021

Recruiting, Retaining, and Returning to the Workplace

Workforce Executive Council | Talent Pipelines & Inclusion

The start of Septembr was critical in how companies navigate vaccine requirements, masking, and the return to the office. As summer winds down and fall kicks into action, we invite you to join us as we discuss the tight labor market and what some companies are doing to recruit and retain their employees. Watch live as CNBC Workforce Executive Council members DJ Casto of Synchrony, Tanya Harris of RealTruck and Nickle LaMoreaux of IBM participate in this panel addressing the challenges ahead and solutions we all should consider.

Host

Jen Geller, CNBC Senior Councils Editor

Speakers

DJ Casto, Synchrony EVP & Chief Human Resources Officer

Tanya Harris, RealTruck Executive Director, Human Resources

Nickle LaMoreaux, IBM Senior Vice President & Chief Human Resources Officer

August 30, 2021

Recruiting, Retaining, and Returning to the Workplace

Workforce Executive Council | Talent Pipelines & Inclusion

The start of Septembr was critical in how companies navigate vaccine requirements, masking, and the return to the office. As summer winds down and fall kicks into action, we invite you to join us as we discuss the tight labor market and what some companies are doing to recruit and retain their employees. Watch live as CNBC Workforce Executive Council members DJ Casto of Synchrony, Tanya Harris of RealTruck and Nickle LaMoreaux of IBM participate in this panel addressing the challenges ahead and solutions we all should consider.

Key Points

  • According to DJ Casto, Synchrony CHRO, satisfying employee needs is not a “one size fits all” situation. Offer flexibility and choice to fit the employees’ personal and professional needs for them to truly excel. "Offer competitive wages for all the roles which are important to drive the business forward.”
  • During a labor shortage, Nickle LaMoreaux, IBM Senior Vice President & Chief Human Resources Officer advises that, “Companies must take a ‘skills first’ approach. To retain talent, focus less on how or where applicants learned a skill and more on if they actually have it."
  • “As a smaller company, personal development is a key marketing point to sell. Not only can the company pay its workers competitively, but it will also provide a skill set that workers can use beyond their career at the company,” says Tanya Harris, RealTruck Executive Director of HR.
  • The current labor shortage is not just a wage issue. Applicants are reflecting on why they want to work, therefore companies must also stay true to their values and establish policies and programs that continuously reinforce them.
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Past
Speakers

  • Valerie Jarrett

    Former Obama White House Sr. Advisor

    Eric Yuan

    CEO, Zoom

    Tiger Tyagarajan

    CEO, Genpact

    Erika H. James

    Dean, The Wharton School of the University of Pennsylvania

    Bill McDermott

    President and CEO, ServiceNow

    Congresswoman Yvette Clarke

    U.S. Representative (NY)

    Caryn Seidman-Becker

    Co-Founder & Chairman, CLEAR

    Tsedal Neeley

    Professor, Harvard Business School

  • Dr. Scott Gottlieb

    Fmr Commissioner, Food & Drug Administration

    Mary-Frances Winters

    President & CEO, The Winters Group

    Cassandra Hatton

    Sotheby's Global Head of Science & Popular Culture Dept.

    Fran Katsoudas

    CHRO, Cisco & WEC Member

    Katy Milkman

    Professor, The Wharton School of the University of Pennsylvania

    Kenneth Feinberg

    Attorney, Mediation & Dispute Resolution

    Jim McKelvey

    Co-Founder, Square

    John Chambers

    JC2 Ventures CEO and Cisco Systems Chairman Emeritus

  • Henrique Dubugras

    Brex Co-Founder & Co-CEO

    Sharon Epperson

    CNBC Senior Personal Finance Correspondent

    Andrew Ross Sorkin

    “Squawk Box” Co-Anchor

    Jon Fortt

    “TechCheck” Co-Anchor

    Deirdre Bosa

    “TechCheck” Co-Anchor

    Julia Boorstin

    CNBC Senior Media & Entertainment Correspondent

    Meg Tirrell

    CNBC Senior Health & Science Reporter

    Seema Mody

    CNBC Global Markets Reporter and Host, “Trading Nation”