High-potential employees mobile in recession: Study

But senior women more likely to be laid off
By Shannon Klie
|Canadian HR Reporter|Last Updated: 09/17/2009

At Scotiabank, leadership development is one of the financial institution’s top strategic priorities. And an important part of that development is encouraging cross-functional experience to give high-potential employees, and senior leaders, a broader understanding of the business, said Naomi Shaw, vice-president of leadership at Scotiabank in Toronto.

Despite the economic downturn, the bank is still focused on ensuring top talent receive the development opportunities they need to grow and stay engaged in the organization, said Shaw.

This was highlighted in changes to the executive management team, which included lateral moves for three executive vice-presidents and a promotion for one senior vice-president.