1 00:00:00,200 --> 00:00:04,240 Speaker 1: This is Bloomberg Business Week with Carol Messer and Bloomberg 2 00:00:04,280 --> 00:00:08,479 Speaker 1: Quick Takes Tim Stinovic from Bloomberg Radio. A little over 3 00:00:08,520 --> 00:00:11,720 Speaker 1: a month ago, I checked in with this incredible roundtable 4 00:00:11,720 --> 00:00:15,360 Speaker 1: of senior executives from a broad swath of industries to 5 00:00:15,360 --> 00:00:18,040 Speaker 1: talk about how work continues to ship because of the pandemic. 6 00:00:18,079 --> 00:00:20,800 Speaker 1: And among them was Jennifer Weber. She's senior vice president, 7 00:00:20,920 --> 00:00:24,479 Speaker 1: chief human Resources officer at Archer Daniels Midland, as you know, 8 00:00:24,600 --> 00:00:27,040 Speaker 1: a d M and integral part of the global food chain, 9 00:00:27,320 --> 00:00:30,280 Speaker 1: so they were crucial during the pandemic, one of the 10 00:00:30,280 --> 00:00:33,720 Speaker 1: world's largest processors of agricultural commodities, founded over a hundred 11 00:00:33,800 --> 00:00:36,400 Speaker 1: years ago, and like many companies, taking a hard look 12 00:00:36,400 --> 00:00:39,440 Speaker 1: at how we work through the pandemic and making shifts 13 00:00:39,479 --> 00:00:42,040 Speaker 1: to reflect that. So let's bring in Jennifer, who joins 14 00:00:42,120 --> 00:00:45,040 Speaker 1: us on the phone from Chicago. Jennifer, it is so 15 00:00:45,120 --> 00:00:47,000 Speaker 1: great to have you back with us. How are you? 16 00:00:47,640 --> 00:00:49,880 Speaker 1: I am doing well. Carol, it's nice to be back. 17 00:00:49,880 --> 00:00:52,400 Speaker 1: How are you doing doing well? Doing well? Your your 18 00:00:52,640 --> 00:00:56,520 Speaker 1: contributions and your story during that panel really resonated with me. 19 00:00:56,680 --> 00:00:58,800 Speaker 1: You know, you actually had started at the company during 20 00:00:58,800 --> 00:01:02,800 Speaker 1: the pandemic. Correct, I did. I started in September of 21 00:01:03,920 --> 00:01:06,319 Speaker 1: right right in the thick of it and in the 22 00:01:06,400 --> 00:01:09,880 Speaker 1: heat of the pandemic. So talk to us about you know, 23 00:01:10,000 --> 00:01:12,199 Speaker 1: you came in and all of a sudden, you guys 24 00:01:12,200 --> 00:01:15,720 Speaker 1: were dealing with so much and you know, issues that 25 00:01:15,800 --> 00:01:19,560 Speaker 1: I think as employers we didn't necessarily think a lot 26 00:01:19,760 --> 00:01:23,720 Speaker 1: about potentially UM in terms of our employee base, but 27 00:01:23,840 --> 00:01:25,520 Speaker 1: all of a sudden we had to, and we were 28 00:01:25,520 --> 00:01:28,800 Speaker 1: talking about them at the open, whether it was mental 29 00:01:28,800 --> 00:01:33,680 Speaker 1: wellness or juggling families and juggling work hybrid work. Tell 30 00:01:33,760 --> 00:01:36,680 Speaker 1: us about the lessons that you guys have learned at 31 00:01:36,720 --> 00:01:38,600 Speaker 1: a d M and things that are staying with you 32 00:01:38,640 --> 00:01:42,319 Speaker 1: when it comes to how we work, sure, absolutely well. 33 00:01:42,319 --> 00:01:45,080 Speaker 1: I think I think that UM a couple of things. 34 00:01:45,240 --> 00:01:47,960 Speaker 1: One thing is just from a from a background or 35 00:01:48,000 --> 00:01:51,080 Speaker 1: a context standpoint. At a d M, we have roughly 36 00:01:51,160 --> 00:01:55,480 Speaker 1: forty employees and half of them and they're we're very global, 37 00:01:55,560 --> 00:02:00,800 Speaker 1: So are are in the United States UM, and half 38 00:02:00,800 --> 00:02:03,840 Speaker 1: of our workforce works in our manufacturing facilities, and so 39 00:02:03,960 --> 00:02:07,320 Speaker 1: given the nature of the role that we play in 40 00:02:07,400 --> 00:02:11,480 Speaker 1: the global food supply chain, we had a high percentage 41 00:02:11,520 --> 00:02:15,240 Speaker 1: of our colleagues around the globe that UM needed to 42 00:02:15,280 --> 00:02:17,760 Speaker 1: be in day in and day out, and so and 43 00:02:17,760 --> 00:02:20,000 Speaker 1: then the balance of our employees are even either in 44 00:02:20,080 --> 00:02:23,640 Speaker 1: office settings or lab settings. We have innovation centers around 45 00:02:23,639 --> 00:02:27,480 Speaker 1: the world. Uh So, so throughout the pandemic, our our 46 00:02:28,240 --> 00:02:31,360 Speaker 1: our colleagues kept that vital role we play in the 47 00:02:31,360 --> 00:02:35,680 Speaker 1: global food supply chain, moving along at quite a bit 48 00:02:35,680 --> 00:02:37,959 Speaker 1: of string, right because as you might imagine, we had 49 00:02:38,400 --> 00:02:40,280 Speaker 1: a number of people who had to go out and quarantine. 50 00:02:40,360 --> 00:02:44,560 Speaker 1: We monitored and tracked those things very very closely, and 51 00:02:44,560 --> 00:02:47,079 Speaker 1: and I think we learned a lot about ourselves. So 52 00:02:47,080 --> 00:02:49,680 Speaker 1: so to your first question, what are some of the 53 00:02:49,720 --> 00:02:53,440 Speaker 1: things that we've learned through this um SO, one thing 54 00:02:53,560 --> 00:02:56,519 Speaker 1: is we I think we gained a lot of confidence 55 00:02:56,560 --> 00:03:00,880 Speaker 1: as an organization on our ability to deliver on our commitments, 56 00:03:00,880 --> 00:03:04,840 Speaker 1: deliver on our commitments to customers, to our producers, to 57 00:03:05,560 --> 00:03:10,520 Speaker 1: our shareholders UM and really make uh adjustments. We had 58 00:03:10,560 --> 00:03:13,000 Speaker 1: to make significant adjustments to the way we conducted our 59 00:03:13,000 --> 00:03:18,480 Speaker 1: work um uh, particularly across our office settings. UH and 60 00:03:18,520 --> 00:03:19,760 Speaker 1: we had to do it in a way that we 61 00:03:19,800 --> 00:03:22,840 Speaker 1: didn't miss a beat in terms of delivering. I think 62 00:03:22,880 --> 00:03:24,560 Speaker 1: the other thing that we learned is there was a 63 00:03:25,360 --> 00:03:30,320 Speaker 1: very healthy UM individual by individual, person by person, family 64 00:03:30,360 --> 00:03:34,600 Speaker 1: by family reassessment of values. Right. And I would say 65 00:03:35,640 --> 00:03:39,760 Speaker 1: a discussion about these things more openly. UM. I think 66 00:03:39,800 --> 00:03:43,120 Speaker 1: for some people there were deep personal impacts that were 67 00:03:43,160 --> 00:03:46,080 Speaker 1: felt as a result of covid UM and it placed 68 00:03:46,120 --> 00:03:51,480 Speaker 1: great strain on their mental health and well being. Um. Uh. 69 00:03:51,520 --> 00:03:54,040 Speaker 1: And then you know, we had we had some colleagues 70 00:03:54,040 --> 00:03:57,480 Speaker 1: who said, boy, has this been refreshing to reconnect with 71 00:03:57,480 --> 00:04:02,240 Speaker 1: with family, hunker down with family, shelter in place and 72 00:04:02,520 --> 00:04:05,920 Speaker 1: um and and do so together through a through an 73 00:04:05,920 --> 00:04:09,840 Speaker 1: incredible period of uncertainty, and so you know, and then 74 00:04:09,880 --> 00:04:11,600 Speaker 1: I and then I would say, we we, as an 75 00:04:11,600 --> 00:04:15,240 Speaker 1: employer step back from this and said, boy, you look 76 00:04:15,280 --> 00:04:19,720 Speaker 1: at this time, it's been extremely isolating. UM. We've had 77 00:04:20,360 --> 00:04:23,400 Speaker 1: we've had parents of young children who have had to 78 00:04:23,440 --> 00:04:28,640 Speaker 1: balance the demands of UM work commitments along with you know, 79 00:04:29,240 --> 00:04:32,280 Speaker 1: young children in the home who sometimes their school has 80 00:04:32,279 --> 00:04:36,120 Speaker 1: been interrupted. So you know, so we we we stepped 81 00:04:36,120 --> 00:04:38,159 Speaker 1: back from all this and said, Okay, as we think 82 00:04:38,200 --> 00:04:42,279 Speaker 1: about UM, the ecosystem of support we provide to our colleagues, 83 00:04:42,920 --> 00:04:47,880 Speaker 1: how is this changing our thinking? Right? And and um 84 00:04:47,920 --> 00:04:50,680 Speaker 1: and it's I think it's changed us in indelible and 85 00:04:50,720 --> 00:04:53,840 Speaker 1: profound ways, and and and and in many permanent ways. 86 00:04:53,960 --> 00:04:56,920 Speaker 1: That's been a healthy reset for many, many, many companies. 87 00:04:57,040 --> 00:04:58,960 Speaker 1: I want to get back to our guest, Jennifer Webber, 88 00:04:59,040 --> 00:05:01,839 Speaker 1: still with us, senior as president and chief human Resources 89 00:05:01,880 --> 00:05:04,520 Speaker 1: Officer at Archer Daniels Midland still bid us on the 90 00:05:04,520 --> 00:05:07,880 Speaker 1: phone in Chicago. Hey, Jennifer, we're talking about work shifting 91 00:05:07,920 --> 00:05:11,200 Speaker 1: and the impact the pandemic has had on how we 92 00:05:11,279 --> 00:05:13,680 Speaker 1: work and maybe what stays with us. One of the 93 00:05:13,720 --> 00:05:15,599 Speaker 1: things that came up during the panel that we did 94 00:05:16,200 --> 00:05:18,440 Speaker 1: was blue collar versus white color. You have a lot 95 00:05:18,480 --> 00:05:21,240 Speaker 1: of workers who are in manufacturing facilities who couldn't do 96 00:05:21,279 --> 00:05:24,920 Speaker 1: their job at home. How do we need to think 97 00:05:24,960 --> 00:05:29,560 Speaker 1: about how we change policies work policies because I see 98 00:05:29,640 --> 00:05:32,400 Speaker 1: companies struggling with well, unless we can do it for all, 99 00:05:32,480 --> 00:05:34,800 Speaker 1: we can't do it for some. Because you're gonna have 100 00:05:34,800 --> 00:05:36,560 Speaker 1: people saying, well, why does this person get to work 101 00:05:36,560 --> 00:05:40,240 Speaker 1: home when I'm not able to? How do you manage that? Yeah, 102 00:05:40,320 --> 00:05:42,640 Speaker 1: you know that's a it's a really tough one, Carol. 103 00:05:42,640 --> 00:05:45,520 Speaker 1: I'll tell you what. We We have discussions about this 104 00:05:45,680 --> 00:05:47,760 Speaker 1: quite a bit and it's and it's important that we 105 00:05:47,839 --> 00:05:51,920 Speaker 1: do so right because we uh, well, one thing, one 106 00:05:51,960 --> 00:05:55,279 Speaker 1: thing I will say is we we call our employees 107 00:05:55,360 --> 00:05:58,040 Speaker 1: colleagues for a reason, and that means that we are 108 00:05:58,080 --> 00:06:00,800 Speaker 1: all colleagues. Whether you're in a manufacturer facility, you're an 109 00:06:00,800 --> 00:06:04,120 Speaker 1: office setting, you're in an innovation lab, you're a you know, 110 00:06:04,440 --> 00:06:07,760 Speaker 1: you're a you're a PhD and food science, or you 111 00:06:07,880 --> 00:06:11,920 Speaker 1: are critical UM in one of our milling operations. We 112 00:06:11,960 --> 00:06:14,560 Speaker 1: are all called colleagues with each other and and in 113 00:06:14,640 --> 00:06:17,200 Speaker 1: this together. I think, what I think, what we what 114 00:06:17,320 --> 00:06:21,560 Speaker 1: we stepped back and had to do is recognize that UM, 115 00:06:21,640 --> 00:06:25,240 Speaker 1: this that covid um was creating a high degree of 116 00:06:25,320 --> 00:06:30,719 Speaker 1: uncertainty for all of us UM, and the needs varied 117 00:06:30,920 --> 00:06:33,920 Speaker 1: and how we meet the needs of our different colleagues 118 00:06:34,040 --> 00:06:37,880 Speaker 1: varies depending upon where you sit in the organization, and so, 119 00:06:38,160 --> 00:06:40,520 Speaker 1: you know, so we there were there were many times 120 00:06:40,520 --> 00:06:42,839 Speaker 1: when we would pause and say, okay, given what we know, now, 121 00:06:43,120 --> 00:06:47,600 Speaker 1: what do we need to adapt to more directly support 122 00:06:47,760 --> 00:06:51,520 Speaker 1: our manufacturing colleagues, more directly support some of our office colleagues. 123 00:06:52,160 --> 00:06:54,320 Speaker 1: And so just to just to give you some some 124 00:06:54,440 --> 00:06:57,719 Speaker 1: examples of that, you know, we you know Throughout the 125 00:06:57,720 --> 00:07:00,680 Speaker 1: course of this our focus has been on keeping our 126 00:07:00,720 --> 00:07:05,279 Speaker 1: colleagues safe and healthy, and that's both physically and mentally. 127 00:07:06,120 --> 00:07:08,760 Speaker 1: And so one of the one of the challenges in 128 00:07:08,800 --> 00:07:13,320 Speaker 1: our manufacturing environments is UM is communications and the ability. 129 00:07:13,400 --> 00:07:15,920 Speaker 1: You know, it's not somebody sitting behind a computer where 130 00:07:15,960 --> 00:07:18,680 Speaker 1: we can reach them with a lot of educational resources 131 00:07:18,720 --> 00:07:21,920 Speaker 1: and hey, here are you know e a P services 132 00:07:21,960 --> 00:07:25,080 Speaker 1: that you're eligible for. It's just that's not that's not 133 00:07:25,160 --> 00:07:27,680 Speaker 1: their day to day life. And so we needed to 134 00:07:27,720 --> 00:07:29,920 Speaker 1: come up with other ways to make sure that we 135 00:07:29,920 --> 00:07:34,200 Speaker 1: were arming our our leadership teams within our operations, that 136 00:07:34,280 --> 00:07:37,440 Speaker 1: we were reaching our our early colleagues to make sure 137 00:07:37,440 --> 00:07:39,960 Speaker 1: that they had the information that they needed to know 138 00:07:40,000 --> 00:07:44,600 Speaker 1: how to access various resources to help them manage through 139 00:07:44,600 --> 00:07:46,920 Speaker 1: this very very uncertain time. So that would be one 140 00:07:46,920 --> 00:07:50,600 Speaker 1: example UM as it relates to UM. Other things that 141 00:07:50,600 --> 00:07:53,720 Speaker 1: can be done, I would say with continued advances in 142 00:07:54,200 --> 00:08:00,160 Speaker 1: UM manufacturing technologies UM, but also UM just different ways 143 00:08:00,160 --> 00:08:04,320 Speaker 1: of thinking about the scheduling of work UM. Uh. So 144 00:08:04,400 --> 00:08:08,680 Speaker 1: that uh that we're that that in our in our 145 00:08:09,800 --> 00:08:14,800 Speaker 1: goal of of you know, delivering, you know, delivering on 146 00:08:15,280 --> 00:08:19,239 Speaker 1: the commitments to our customers that we that we manage 147 00:08:19,280 --> 00:08:21,360 Speaker 1: work in a way, we schedule work in a way, 148 00:08:21,360 --> 00:08:23,960 Speaker 1: and we structure in a way that allows people to 149 00:08:24,800 --> 00:08:26,720 Speaker 1: you know, to manage your work in life. And so 150 00:08:27,080 --> 00:08:28,720 Speaker 1: you know, we have had to take a step back 151 00:08:28,720 --> 00:08:31,680 Speaker 1: in some of our manufacturing facilities and say, you know, okay, 152 00:08:31,680 --> 00:08:34,240 Speaker 1: how what do we do now and how do we 153 00:08:34,280 --> 00:08:37,720 Speaker 1: help support these plant managers and maybe thinking about new 154 00:08:37,760 --> 00:08:40,400 Speaker 1: and different ways of of scheduling and the way work 155 00:08:40,400 --> 00:08:42,480 Speaker 1: can get done. So I think there's going to continue 156 00:08:42,520 --> 00:08:45,000 Speaker 1: to be more and more pressure on on doing that, 157 00:08:45,840 --> 00:08:48,960 Speaker 1: UM to follow through on a commitment that we have 158 00:08:49,120 --> 00:08:52,120 Speaker 1: again and that's keeping everybody healthy and safe. UM. So 159 00:08:52,280 --> 00:08:55,839 Speaker 1: it's in mental it sounds tricky, I gotta say. And 160 00:08:55,880 --> 00:08:58,400 Speaker 1: I was thinking about your job. I think this came 161 00:08:58,480 --> 00:09:00,760 Speaker 1: up to that. I had mentioned that we saw it 162 00:09:00,800 --> 00:09:04,640 Speaker 1: after the crisis where the CFO position really changed because 163 00:09:05,000 --> 00:09:07,080 Speaker 1: they had to figure out how to keep companies financially 164 00:09:07,120 --> 00:09:10,200 Speaker 1: alive in you know markets that had just you know, 165 00:09:10,280 --> 00:09:14,120 Speaker 1: seized up. And during the pandemic. You know, HR wasn't 166 00:09:14,160 --> 00:09:17,200 Speaker 1: just about wait, I gotta change my filing or you know, 167 00:09:17,840 --> 00:09:21,640 Speaker 1: became crucial to getting companies through it. How has that 168 00:09:21,800 --> 00:09:28,760 Speaker 1: job changed forever. Oh gosh. Uh well, UM, I would 169 00:09:28,800 --> 00:09:33,960 Speaker 1: say that Uh. One of the ways is uh in 170 00:09:35,120 --> 00:09:38,199 Speaker 1: you know, the the investment in the development of our 171 00:09:38,280 --> 00:09:42,040 Speaker 1: people leaders. Uh. That's always been That's always been a 172 00:09:42,040 --> 00:09:46,880 Speaker 1: really important focus. But I think this pandemic has placed 173 00:09:47,040 --> 00:09:50,199 Speaker 1: additional strain and pressure on the role of the people 174 00:09:50,320 --> 00:09:55,360 Speaker 1: leader to UM to understand, to know how to be 175 00:09:55,440 --> 00:09:59,280 Speaker 1: empathetic and to meet colleagues where they are, given what 176 00:09:59,360 --> 00:10:01,480 Speaker 1: they are going through, given the way in which they 177 00:10:01,480 --> 00:10:05,080 Speaker 1: are internalizing this. And so I think that UM, the 178 00:10:05,200 --> 00:10:09,120 Speaker 1: role of HR in advising and coaching leaders and making 179 00:10:09,160 --> 00:10:14,280 Speaker 1: sure that there are approaches to development in place that UM. 180 00:10:14,320 --> 00:10:18,000 Speaker 1: That that that makes sure that leaders understand how important 181 00:10:18,000 --> 00:10:20,960 Speaker 1: that is. UM. That's taken on I think a new 182 00:10:21,040 --> 00:10:25,520 Speaker 1: significance and meaning. I would say, you know, the the 183 00:10:26,400 --> 00:10:29,560 Speaker 1: from an HR standpoint, even the strategy around how do 184 00:10:29,600 --> 00:10:33,640 Speaker 1: we make sure that this UM. I would say convergence 185 00:10:33,840 --> 00:10:37,160 Speaker 1: of both physical and mental health is something that we 186 00:10:37,280 --> 00:10:41,640 Speaker 1: pay UM far closer attention to. You know, in the past, 187 00:10:42,000 --> 00:10:44,000 Speaker 1: UM it may have been enough to say, are we 188 00:10:44,080 --> 00:10:48,880 Speaker 1: offering the right benefits? Are people? You know, are people 189 00:10:49,559 --> 00:10:53,160 Speaker 1: taking care of themselves? Um? Uh? Do they are benefits? 190 00:10:53,160 --> 00:10:58,200 Speaker 1: Competitive now with with kind of emotional mental health and 191 00:10:58,240 --> 00:11:01,160 Speaker 1: well being and the role that we know that plays 192 00:11:01,240 --> 00:11:03,480 Speaker 1: in the in the way in which people are feeling 193 00:11:03,520 --> 00:11:07,640 Speaker 1: about their work in life. It's critically important. And what 194 00:11:07,640 --> 00:11:12,000 Speaker 1: what makes it tricky? And and the paradigm of success 195 00:11:12,120 --> 00:11:16,400 Speaker 1: that many organizations are our premised tonight where it's you know, 196 00:11:16,520 --> 00:11:21,640 Speaker 1: steff upper lip, carry on, you know, um uh that 197 00:11:21,640 --> 00:11:24,839 Speaker 1: that becomes and and and and doing so you will 198 00:11:24,880 --> 00:11:28,440 Speaker 1: get more responsibility, you'll get quoted. We have this paradigm 199 00:11:28,440 --> 00:11:33,079 Speaker 1: of success that many organizations are founded on, and that's 200 00:11:33,080 --> 00:11:36,080 Speaker 1: whereaking down a bit, right, because we need definitely to 201 00:11:36,760 --> 00:11:42,880 Speaker 1: be willing to have these tough conversations. Hey, Jennifer, I 202 00:11:42,880 --> 00:11:45,680 Speaker 1: have to jump in just very quickly twenty seconds. There's 203 00:11:45,679 --> 00:11:47,760 Speaker 1: a headline that just said the FDA set to approve 204 00:11:47,800 --> 00:11:51,400 Speaker 1: a third dose for you know, compromised tomorrow. That's coming 205 00:11:51,400 --> 00:11:55,320 Speaker 1: from NBC. Very quickly twenty Are you concerned a little bit? 206 00:11:55,840 --> 00:11:58,360 Speaker 1: Are you concerned a little bit about another wave? Just 207 00:11:58,480 --> 00:12:03,280 Speaker 1: quickly yes, us we are, okay, you were quickly, Um, 208 00:12:03,320 --> 00:12:05,240 Speaker 1: please come back. I would love to check in with 209 00:12:05,240 --> 00:12:07,800 Speaker 1: you again, especially since I know there's a lot going 210 00:12:07,840 --> 00:12:10,320 Speaker 1: on certainly in your area. Jennifer Weber, thank you so much, 211 00:12:10,400 --> 00:12:14,079 Speaker 1: Senior VP, chief Human Resources Officer at Archer Daniels Midland, 212 00:12:14,440 --> 00:12:16,960 Speaker 1: a giant of course, in the food supply chain. On 213 00:12:17,000 --> 00:12:18,120 Speaker 1: the phone from Chicago,