What a difference a week can make.

Vancity Staff

Vancity staff at one of our new prototype branches.

Late last year, Vancity launched its new Employee Immersion program. Up until that time, we had a pretty traditional employee orientation. Sometime in the first few weeks on the job, new employees spent a day learning about the organization, our benefits packages, where they fit into the organizational structure.

As a mission-driven organization, we needed a way for new employees to deeply experience the organization they are joining. Last year, HR led the way to a very different way of thinking. All new employees now have fixed hire dates, and their first week on the job is at our Immersion program with a cohort of other employees from across the organization. They spend a week learning about the co-operative principles, the history of Vancity, our vision of Redefining Wealth, our model of values-based banking. They visit community partners to learn how Vancity invests in community organizations to help them create positive impact in our community. They spend a day at a branch and a half day at the call centre to learn how our member service ties back to our approach. They map out the impact Vancity can have in community (a module I helped co-create and deliver regularly). They immerse themselves in what Vancity is, so, when they actually start their jobs the following week, they understand how to best apply themselves to help achieve our vision and strategies.

At the end of that intense week, if new employees are not excited about what they experience and what the organization is doing, we’ll thank them, and pay them a small fee for their time and lost-opportunity cost. We recognize that the Vancity vision isn’t for everyone, and it’s okay if some people opt out of the organization based on their experience of the Immersion week, because in order to achieve what we’re attempting we need people who are engaged and committed and rowing in the same direction. So far, however, no one has opted out.

Because its such a transformational program, not just new employees are getting “immersed” this year, but also all people changing roles in the organization and all people leaders. That way we level-set the entire organization around our mission, and engage all our people in our strategies and business model. It’s a hell of an investment, one that I believe will pay off.

This week, I’ve been attending the Immersion program in one of three senior leader sessions held this year. It’s been an honour spending time with peers and colleagues, challenging each other to look at what we’re doing differently, learning more about the organization I’ve worked at for more than seven years and growing in my understanding of our potential to continuously improve the way we serve our members and the organizations and businesses in our communities.

It’s an exciting time to be at Vancity, we’re leaning further and further into our mission. I know at times I can seem perhaps like too much of a Vancity cheerleader, but programs like this Immersion and the areas we’re investing in to become a social-purpose financial institution are a strong reason why I’m so passionate, committed and inspired.

Why be big?

BarCampBank SeattleThis past weekend was BarCampBank Seattle. We got into many good discussions ranging from the books were reading and why we like them, to technology disruption, to values-based banking (that last topic was mine, surprise, surprise).

At some point in the day, the incredibly wise Gene Blishen said something that I keep mulling over. We were talking about the need for business to be constantly growing, and he said…

It’s not about growth, it’s about development. As people, we grow for our first 18 years and then we stop growing, but we keep developing as people until we die.

I have always been puzzled by the assumption made by most people I’ve ever talked to that the goal of business is to grow, constantly. But I don’t think most companies deserve and demand the scale to be big. Some companies, some ideas, some leaders are better suited to be smaller. Why not crave to be the right size for your ambitions, your market, your desired size, and not be constantly growing?

I believe all companies and organizations, like people, should be constantly developing. Refining what they do, evolving it, learning and improving. That seems obvious. But I don’t think all companies should aim for growth and scale.

What do you think? Am I missing something?

BarCampBank Seattle returns.

BarCampBank SeattleKudos to Matt Vance for resurrecting the BarCampBank brand, with the forthcoming BarCampBank Seattle on February 9th.

Almost six years ago Jesse Robbins held the first North American unconference focused on banking. How damn prescient in light of the financial crisis that would begin to erupt later that year and go full-blown a year or so later. Way before anyone thought of occupying any street.

For me, new to financial services at the time, it was a chance to form a community that has nourished me to this day. Many of us were embracing social media and met for the first time in Seattle on July 21st and 22nd, 2007. I wrote several posts about it at the time, including a sum-up on NetBanker.

We created a couple of BarCampBank BC sessions in the two years that followed (with the fun acronym BCBBC).

What I want to talk about…

I think the time is absolutely ripe for a continuation of the dialogue, but in the time since the BarCampBank days, I have changed my focus from digital to community investment. BarCamps, which come out of the tech and dev world are steeped in discussions about technology and its power to disrupt. Personally, I want to move past talking about technology and to something much more deeply rooted and philosophical. I want to talk about values-based banking. Because if community banks and credit unions don’t start increasing their relevance, there’s no need for many of them – perhaps most of them – to exist. And looking at the movement towards strengthening local economies, combined with a pursuit of more sustainable and ethical business practices, we have a giant opportunity to focus ourselves on something meaningful. Reconnecting our cooperative and local heritage to the modern, engaged consumer and citizen.

I look forward to discussing that with you. Buy your ticket now. And let me know if you’ll be there…