Case Studies | Standard Life

Remarkable supported Standard Life to assess and improve on their youth employment initiatives. They now use the Investors in Young People framework to support international growth.
Global Investment Company, Standard Life (now Standard Life Aberdeensupports 4.5 million customers worldwide to save for their future. Operating in the UK, Europe, North America, Asia and Australia, the company has been headquartered in Edinburgh since it was founded in 1825.

Six years ago, Standard Life had less than 0.5% of employees under the age of 25. Since then they have focused on bringing in a pipeline of talent and have increased the organisation’s young population to 8% of its UK workforce.
Photo: Standard Life
We saw real practical value in Investors in Young People Mark Smith, former Head of Early Careers Strategy

Remarkable provided an external lens, allowing Standard Life to assess and improve on their youth employment initiatives. They now use the Investors in Young People framework to ‘inspire young minds’ and support international growth.

Mark Smith, former Head of Early Careers Strategy, discusses:

 

Provided an external lens, allowing Standard Life to assess and improve on their youth employment initiatives Worked in partnership to engage with the business Remarkable aided Standard Life's approach to attracting young talent into their organisation

What attracted you to working with Remarkable?

We were doing a lot of work to make ourselves an attractive employer to young people. We wanted to spend time creating an experience that young people could benefit from, looking at how we could support them, making sure our recruitment tools were fit for purpose, putting in place development tools to help young people progress including our Young People’s Development Network.

The external perspective our Investors in Young People Specialist brought was attractive as we could see how it would help us to understand what was good and to challenge and validate our thinking and approach. It was not about getting a plaque but the external lens; we wanted to make sure we were doing the right stuff, understand what we could be doing more of or better and what we were not doing at all.

We had a prior relationship with Remarkable and so we knew the integrity of the organisation as well as the potential value they could bring.

What are the main business challenges you faced prior to your Remarkable involvement?

We needed to understand the experience of young people in the business on a day to day basis. We needed to ensure we were meeting young people’s expectations and aspirations from their work and careers with us as an employer. There’s a balance between providing real jobs, with real outputs and the space for young people to grow.  It also includes making sure managers have the right tools and vocabulary to speak to young people, while ensuring they’re fostering the right environment to allow people to become their best selves and providing the right support. We aspire to do that which means being open to doing things differently.

How did Remarkable help you to overcome such challenges?

We saw real practical value in Investors in Young People; it provided an impartial lens for us to assess and improve on our youth employment practices.

Our Investors in Young People Specialist listened and observed how we work. The approach was partnership driven and allowed for honesty and transparency which engaged people across the business.

It validated our own experience but gave it an additional relevance which helped both to promote our work more broadly across the business but also made people take youth employment more seriously. The tangible benefits were clear and it made people feel incredibly proud of what we were doing. Investors in Young People also helped us to consider what more we could do to showcase young people as leaders and publicise this internally.

We have engaged stakeholders, both internally and externally, and demonstrate our commitment.

It also helped us earn the right to talk about Youth Employment and to commit on an ongoing basis to do more. We want to go further, to take more steps forward.

What are your business objectives over the next three years? How is Remarkable supporting you to achieve these?

As a Global Investment business, building a pipeline of future talent that is diverse, inclusive and represents our customer base is an essential part of our business strategy. It’s also important to us that we support the communities where we operate.

Remarkable has helped us in our approach to attracting young talent to our business.

Find out more about what Remarkable could do for your business!