«Management and motivation of senior executives during the crisis» was the theme of the conference, held by Morgan Hunt Executive Search and consulting firm EY on 24 March, 2015. This was a closed event that brought together senior business leaders and senior HR professionals in an open forum to discuss the most vital management issues, exchange ideas and share experiences. The meeting took place in the EY office.
In her welcoming address, Olga Selivanova-Shoff, Chief Executive Officer of Morgan Hunt Executive Search, said that this event was part of a series of conferences, held by Morgan Hunt Executive Search every year. «We tried to choose a topic that would be relevant for all economic sectors and sizes of businesses. The current difficult economic and political situation created a lot of uncertainty and makes the human factor even more important for the efficiency of the business. We hope that this event will provide a good platform to discuss the new challenges for motivation and management of senior executives, as key business drivers during the crisis».
The speakers’ panel included some very distinguished HR executives. Artem Leontiev, Deputy Chief Executive Officer, Head of Human Resources of Basic Element began the meeting by sharing the experience of Basic Element in building efficient anti-crisis teams. He spoke about advantages and disadvantages of internal vs external managers, the importance of timely succession planning during the crisis.
Olga Novikova, Vice —president for Change Management, Europe at Sun InBev was also one of the speakers. In her presentation «How to dismiss some employees but keep the others», she described step by step her experience in closing several factories and dismissing thousands of workers without any conflicts or legal repercussions.
The audience showed a lot of interest in the presentations of Elena Vitchak, Vice President, Head of HR department at Sistema and Tatyana Kozhevnikova, Head for organizational development at Chelyabinsky Pipe Plant. They spoke about long and short-term incentive programs for executives in the time of economic instability and a new approach to remuneration. A particularly hot discussion was around the senior executive pay in the situation of ruble devaluation: should they be compensated in rubles or dollars, should it be adjusted to the exchange rate or inflation?
The first part of the event was closed by Sergey Bulatov, Global Head of Human Resources and Administration at Oracle Capital Group. His presentation on «New values and priorities in motivation» started a lively discussion with an active participation from the audience.
Vladimir Vavilov, Vice President, Deputy Chief Executive Officer at VTB North-West bank, a member of the panel, made some very interesting comments on new competencies required by senior executives in order to face the challenges of the crisis.
According to participants’ expert evaluation, the meeting was very fruitful due to friendly and open atmosphere typical for private events. Everyone admitted that all the especially important and deep issues were raised during the discussion.
The participants noted a friendly atmosphere of the discussion which made it more open and productive. Most agreed that the meeting raised very relevant topics and provided useful recommendations.
The conference was moderated by Andrey Rossokhin, Dr. of Psychological science, professor, Head of Psychoanalysis and Business Consulting Department, National Research University — Higher School of Economics, Executive-coach at the Centre for Global Leadership, INSEAD Business School, Co-Head of the Russian-German Colloquium on Executive coaching, Member of the Paris Psychoanalytic Society, Member of the International Psychoanalytical Association.
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Morgan Hunt Executive Search is a leading international executive search firm with a primary focus on the Russian and CIS markets.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over.
