Vanguard has become the largest provider of mutual funds and the second-largest provider of exchange-traded funds. Growing to 19 locations and 17.5K+ crew members, Vanguard continues to deliver value to their clients growing to over 5.5 trillion in assets under management.
Vanguard had grown rapidly and there was increasingly a lack of connection between entry-level employees and experienced staff, leading to a rise in turnover. As they evolve, Vanguard fears leaders will struggle to have development conversations and that employees will struggle to find future roles within the organization.
There are three pieces we need to develop our workforce for the future. The first one is to upskill our crew to transition to new ways of working, and Fuel50 is enabling us to do that.
Head of Learning and Development
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With a 94.72% uptake of the Fuel50 software and a new career structure, employees were empowered to develop their careers. EXPLORE new opportunities, MOVE in different directions, and PROGRESS in exciting ways.
This client used Fuel50 to redefine their strategic approach to identifying new talent and leveraging and developing existing talent within the organization to ensure a robust executive talent pipeline.
Fuel50 was selected to help improve the effectiveness of career conversations, enable employees to explore and map career journeys, and showcase available resources to employees to close development gaps.
Trane Technologies saw a rise in internal recruitment from 38.7% to 55% since the introduction of the Fuel50 platform, and they continue to optimize these resources to provide a best-in-class career experience for their employees.