May 16-17, 2017 at the O’Hare Hilton
“The NAW Billion Dollar Company HR Roundtable was definitely a good use of my time. The opportunity to network with my peers, hear directly from them regarding tools and programs that bring value to their organization was outstanding. I look forward to future meetings!”
Janann Williams, Vice-President of People, McLane Company, Inc
The NAW Billion Dollar Roundtable is the only opportunity that provides networking and benchmarking exclusively with other top executives of non competing, like-sized Wholesale-Distribution companies.
The NAW Billion Dollar Company HR Roundtable for direct members was created as a new mechanism for the HR of large distribution enterprises to network with non-competing peers in multiple lines of trade on key HR issues.
Similar to other billion dollar roundtables NAW has created for the CIO, Operations, CFO, and Chief Legal Officers, this by invitation roundtable is composed of executives from billion dollar companies that meet in Chicago two times per year. This highly interactive group consists of the SENIOR-MOST HR executives. The annual fee is $1,800 per member, which covers meeting costs for two events in a twelve month cycle. Participants are expected to cover the cost of their hotel and travel. Once the annual fee is paid, there are no additional fees to attend the meetings, which will last one day beginning with a reception and dinner the evening before.
The participating companies can also name an alternate who can take the place of the HR, should that person be unable to attend the scheduled meeting.
If you would like to learn more please contact John Peter or Tamela Blalock at 202.872.0885.
NAW Billion Dollar HR Roundtable Agenda
May 16, 2017 – Day 1
6:00 PM – 7:00 PM
Drinks & Dialogue Reception
Come prepared to meet and mingle with your fellow participants from the largest firms in the industry.
7:00 PM – 9:30 PM
Billion Dollar Executive Dinner
Make sure to attend the most exclusive executive supper club in Chicago this evening! This dinner is your opportunity to pick the brains of the senior executives for the top wholesale distribution companies in the industry. This is a joint dinner that will include the CLO, HR and Operations executives attending the spring Roundtable.
May 17, 2017 – Day 2
7:00 AM – 7:45 AM
8:00 AM – 9:30 AM
Opening Session & Discussion
“Update on the DOL FLSA Overtime Rule & Managing Workplace Morale with impending 2017 Changes”
The new presidential administration, impending new Labor Secretary, and a late 2016 federal court ruling against the Department of Labor’s new white collar overtime rules has forced a difficult decision on employers who may have already announced or even implemented salary changes based on the regulations, offering them a chance to avoid those increases but not without threatening workplace morale.
With a rapid change in pace and leadership over the past few months, billion dollar CHROs have had little time to react to the nationwide injunction, which stopped a rule change that would have reclassified 4.2 million workers as nonexempt from overtime rules. While the decision was welcome news for CHROs concerned about being able to maintain operations while taking a huge hit to their bottom line, the injunction isn’t final, so there’s not yet a clear mandate to reverse planned salary and overtime pay changes.
Although CHROs are legally off the hook for increasing pay or overtime compensation in line with the rule change, a majority of large employers had already informed their workers how they would be implementing the change, which makes it incredibly difficult from a morale standpoint to change course.
This session will update on the current movement (or changes to) the FLSA Overtime Rule, and discuss strategies to maintain a high workplace morale in light of possible interruptions to scheduled reclassifications of affected employees.
9:30 AM – 9:45 AM
9:45 AM – 11:00 AM
Presentation & Discussion
“CHRO Strategy on Choosing Metrics/Productivity Measures to Evaluate Employee Performance”
Billion Dollar CHROs know that their enterprise is only as effective as the talent behind it. Consistently and accurately evaluating employee performance is essential not only to individual success, but to the overall success of the enterprise. Recent studies on billion dollar companies have found that half of respondents use talent metrics to prove ROI, and only 45% currently use objective measures of potential to guide development and succession plans.
The question remains, what are the best metrics billion dollar CHROs should use measure employee performance and productivity?
Many companies tend to take the more-is-better approach when it comes to evaluating employee performance, measuring performance across a wide range of qualities, skills, competencies, etc. Another school of thought is that where employee performance metrics are concerned, less is more.
This session will compare and contrast measurements that include a wide scale of metrics, and the measurements that include a concise set of metrics including (a) quality of work, (b) employee efficiency, (c) training programs, and (d) individual development goals.
11:00 AM – 12:00 PM
This session is set aside for you to raise any issue you would like and have the group provide their thoughts. This is an open forum to further discuss any item on the agenda or to bring up topics that are not on the agenda. Make sure to take notes during this session, you may find a perfect topic to suggest for the next NAW Roundtable.
12:00 PM – 12:45 PM
Joint Networking Lunch with CLO and Operations Executives
This is the “halftime” period where you meet up with all of the Billion Dollar Company senior executives at this week’s Roundtable to compare ideas and benchmark across disciplines. All 3 groups: Operations, HR and CLO executives will attend this joint lunch.
1:00 PM – 2:00 PM
Closing Session & Discussion
“Examining Why Succession Plans Are Not Successful”
Experts agree that there are three factors driving companies to rethink the structure and composition of their C-suites and to strengthen their processes for managing CEO and executive succession: continuing disruption in traditional business models, increased regulatory and shareholder scrutiny on executive succession, and changing roles of those involved in succession planning.
Boards today have greater responsibility for CEO and executive succession planning. CEOs, many of whom had previously owned the process, are determining how to adjust their roles and collaborate effectively with the board. Other C-suite executives are being asked to more aggressively and effectively develop potential successors and stronger supporting executive teams.
Although many billion dollar CHROs have made strides in establishing effective succession management practices a few common missteps remain including:
• Disconnecting the CEO succession plan from the design/development of leaders from throughout the organization
• Failing to define and establish the right roles and responsibilities for the process. For example: very often the CHRO is not the “lead player” in the process, and incumbent executives don’t take ownership for developing successors.
• Developing executives for yesterday’s marketing.
• Creating a succession plan to only satisfy the regulators.
• Creating a superficial succession plan that looks great on paper but lacks the accuracy to be effective.
This session will explore the common missteps that billion dollar companies have made in developing/executive senior level and mid-level succession plans. This session will also confirm successful guiding principles to develop and execute successful senior level and mid-level succession plans.
2:00 PM – 2:30 PM
Set Agenda for Next Meeting Scheduled for November 14-15, 2017
Registration is open for the NAW Billion Dollar Company HR Roundtable