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© 2013 BAKER HUGHES INCORPORATED. ALL RIGHTS RESERVED. TERMS AND CONDITIONS OF USE: BY ACCEPTING THIS DOCUMENT, THE RECIPIENT AGREES THAT THE DOCUMENT TOGETHER WITH ALL INFORMATION
INCLUDED THEREIN IS THE CONFIDENTIAL AND PROPRIETARY PROPERTY OF BAKER HUGHES INCORPORATED AND INCLUDES VALUABLE TRADE SECRETS AND/OR PROPRIETARY INFORMATION OF BAKER HUGHES
(COLLECTIVELY "INFORMATION"). BAKER HUGHES RETAINS ALL RIGHTS UNDER COPYRIGHT LAWS AND TRADE SECRET LAWS OF THE UNITED STATES OF AMERICA AND OTHER COUNTRIES. THE RECIPIENT FURTHER
AGREES THAT THE DOCUMENT MAY NOT BE DISTRIBUTED, TRANSMITTED, COPIED OR REPRODUCED IN WHOLE OR IN PART BY ANY MEANS, ELECTRONIC, MECHANICAL, OR OTHERWISE, WITHOUT THE EXPRESS PRIOR
WRITTEN CONSENT OF BAKER HUGHES, AND MAY NOT BE USED DIRECTLY OR INDIRECTLY IN ANY WAY DETRIMENTAL TO BAKER HUGHES’ INTEREST.
FP&A Innovation
San Diego Summit
February 20, 2014
Michael Kinney, CPA
Baker Hughes Inc.
Director, FP&A
FP&A
Talent Development
Agenda
•Performance
•Competencies
•Development Tools
© 2013 Baker Hughes Incorporated. All Rights Reserved. 2
Performance Review Cycle
• Q1 January, all goals are established and approved by
employee and manager
• Q2 & Q3 monitored quarterly with progression updates
• Q4 All goals are discussed, rated, and approved by
employee and manager. There should be no surprises
• Q4 Additional review and approval by one up manager
© 2012 Baker Hughes Incorporated. All Rights Reserved. 5
SMART Goals
Key Goals
• 4 goals directly related to CY objectives (non financial)
• These goals are tied directly to annual bonus
Development Goals
• Competency training/mentoring
• Competency utilization/effectiveness
Other Goals
© 2012 Baker Hughes Incorporated. All Rights Reserved. 6
Competency Playbook
FP&A Playbook
•Identify relevant competencies
•Rate competencies
•Develop Action plan
•Conduct Bi-Annual review
© 2012 Baker Hughes Incorporated. All Rights Reserved. 8
Competency Playbook
© 2012 Baker Hughes Incorporated. All Rights Reserved. 9
Leadership Finance and Accounting Concepts
Career Aspirations (Long Term):
Strategic Orientation and Global Awareness
Negotiation
Financial Systems - Technical Knowledge
Career Aspirations (Next Move):
Finance Competencies - Self Evaluation
Collaboration
External Reporting Requirements
Technical Skills
Strengths:
Soft Skills
Customer Focus and Business Partnership (Relationships) BHI and Industry Acumen
Establish and Maintain Key Business Partners Oilfield Primer
Performance Management Reporting and Analysis
Developing Self and Others
BHI Organizational Structure
Value Creation and Cost Control
Forecasting and Planning
Communication and Interpersonal skills
Weaknesses:
BHI Finance Organizational Structure
Enterprise Risk Management
Adaptability and Change Management Merger, Acquisitions and Divestitures
Organization and Planning Capital Planning and Accounting
Competency Playbook
© 2012 Baker Hughes Incorporated. All Rights Reserved. 10
T o be used in the Competency Section be low:
B Beginner
F Functional
S SkilledA Advanced
Competency Playbook (Manager)
© 2012 Baker Hughes Incorporated. All Rights Reserved. 11
Future Moves: Position: When:
Development Plan
Long Term: (over the next 36 months)
Development Plan
Short Term: (over the next 12 months)
Next Move
Second Move
Third Move
Comments:
Finance Academy: Features
• Self Study
• Webinars
• Videos
• Academy Live sessions
• Spotlight courses
• eKnowledge
Academy Live
eKnowledge
Spotlight Courses
Finance Academy
© 2013 Baker Hughes Incorporated. All Rights Reserved. 14
Course Title Area Course Type
Measuring Product Profitability in a Shareholder Value
ModelProfitability Analytics Online Self Study
Service Profit Chain: Driving Profit through Customer and
Employee Satisfaction Profitability Analytics Online Self Study
Applying Business Analytics in Decision Analysis Profitability Analytics Online Self Study
Producing Accurate Forecasts Using Time Series Models Budget and Planning Online Self Study
Customer Engagement Analytics: Secrets to Delight the
Empowered CustomerCustomer Recorded Webinar
Spotlight on Voice of the Customer (VOC) Customer Spotlight Video
Calculating Economic Value Added (EVA) for Business
AnalysisEVA Online Self Study
Spotlight on Leadership: Upward FeedbackLeadership
DevelopmentSpotlight Video
Predictive Analytics: March 17 & 18 Live Webinar
The Uses of Big Data and the Tools of Data Mining
Formal Mentorship Program
•Program targets High Performers
•Each employee is paired up an
executive
•2 year mentorship
•Meet 6 times a year
•Conversations are confidential
© 2012 Baker Hughes Incorporated. All Rights Reserved. 16
Rotational Development
Key FP&A are required to change roles
(Lateral or Promotion) every two years
• Continue in FP&A
• Transfer within finance
• Move outside of finance
© 2012 Baker Hughes Incorporated. All Rights Reserved. 17