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The financial services company offers retirement savings plans, investment management, and life and employee benefit insurance to corporations and individuals.

Voya Financial, Inc. (VOYA) Company Profile, News, Rankings | Fortune

legacy

Voya Financial

voya financial

Susie Gharib

Voya Financial CEO: 5 Easy Ways to Save for Retirement

/2017/04/19/tips-for-retirement-voya-ceo-rodney-martin/

How to Lead a Company Through a Spin Off and IPO

/2017/04/18/rodney-martin-voya-financial-leadership/

$500 Billion Investment Advice from Voya Financial CEO

/2017/04/14/voya-ceo-investment-advice/

Rod just about everyone has seen tv commercials with vern the orange rabbit and val the orange squirrel talking about a retirement but as cute and quirky as those commercials are, you know most of people are overwhelmed and scared saving enough money for retirement. I know you have some retirement tips for us. To talk about after all. You called Voya the America's retirement company. So let's go down your list and get some advice. You say the first thing to do is create a plan and have a vision of your future. Tell us exactly what you mean by that. what has to have a plan For beginning to accumulate money for retirement. And one of the key components of having a plan is starting early. One of- How early? As early as possible, right out of school if possible. And it's not the amount as much as it is the discipline of regular participation. We're all used to paying a car bill, or a tuition Bill or repayment of a college loan etc. But starting with a discipline and the experience of setting a small amount aside on a regular basis through a payroll deduction really enables one to start and get on the [ INAUDIBLE ] And the next thing which comes right of that is you say, have a budget [ BLANK_AUDIO ] We all have to have a budget. Starting whether you're right out of school, or newly married, or in the middle stages of your life, one needs to spend less than their earnings are, and set aside a certain amount for this journey You also have on your list take advantage of available savings booster so I think here about for one case, all right? All any company plan but using for one case as example If your company has a 2 or 3 or 4 % match, take advantage of that. Put an amount equal to that because your company will contribute that. And it is amazing that over time, that adds up to a significant amount of money. And so few people truly understand that in the early stages that they're leaving money on the table that otherwise Could be decided by their companies for them. You have here also, plan and prepare for the unexpected. What's your advice there? What we know for certain in life, just as in business, is life happens. Whether that's family medical issues or. other issues, economically driven. Job losses. Exactly, that you simply have to assume it isn't going to work out in every way perfectly. And, so, being a little more disciplined, being a little more focused and preparing for those events is very key. You say, be selfish. I didn't know, what do you mean by that? Pay yourself first. We are so used to paying a bill. Wether it's a utility bill or any other bill that we have. But if you treat yourself your retirement. As if you were paying that outcome and the key under discipline is setting aside three, four, or five percent of your earnings Early on, and have that automatically update as your income changes over time. It really will have an impact. I'm sure you hear this all the time, that people say, but saving is so hard. What's your overall best advice to people, no matter what their age is, about saving for retirement? What our experience is when people jump in like a lot of other activities in life, it's going to get easier, they're going to see results even incrementally and it's going to lead to a better outcome and a better prepared family or individual for retirement. [ BLANK_AUDIO ]

Voya Financial CEO: 5 Easy Ways to Save for Retirement 

Finance

Voya Financial CEO Rodney Martin says, "be selfish."

When you became CEO of Voya Financial, it had just been separated from your dutch parent ING, and all at once you're CEO of a public company, a nine billion dollar public company. What leadership skills did you have to call into to make this a strong company on its own two feet. Our vision and our focus was being recognized as America's retirement company, and helping Americans be better prepared for retirement. We had 13 million customers. And we were, in essence, a 7, 000 person startup company. And rallying people around that, in support of those customers, In the great legacy companies that have become now a voya was something that we really put a lot of time in energy and the employees step- up in a very significant way. How did you get them to do that? What did you have to do as leader to get people to do all that rally? I was very visible. Very consistent. Very transparent. And the message was given over and over again, in person, by digital, in town halls, and in every way possible. And it was a team effort. It certainly wasn't just me. It was my whole senior leadership team. Hmm- hmm. You know people have said about you that you have changed the culture of the company and it's not just at those town hall meetings. But that you really do listen to people and you sort of go out of your way to connect with them. What is the leadership skill that we can learn from you? I've come to this position in a little different path. I started as a financial representative, so I sold our products out of college to people like you and me and I fo the first almost 15 or 18 years I worked on that side, of our business and have great both affinity, appreciation for both the customer and the distributer. Again, I think the key part is being Really authentic to who you are. Every CEO talks about the importance of listening and connecting with employees but not many of them are very successful at it. With you, it seems very natural. Is this something that can be learned to create this kind of Culture of collegiality? I think it can. It is part of my upbringing, it is part of who I am, it's part of probably my DNA. But I think one can choose. To be part of a culture like that. I know you've also made a lot of changes at Voya. And a lot with your numerous new technology and new innovations and things like that. So how do you get your employees, at all levels, not just on the executive level, to embrace change, try new things, and not stick to old patterns? We're brutally honest with ourselves and our employees on, we're here and we need to get to here and we have this period of time. And the only way we're going to get there is through your creativity and ingenuity in helping us again solve these problems. And so it was really enabling them, unleashing that talent and support. On a consistent basis and it isn't easy and it hasn't happened over night. We've been on a journey for three and a half years as a public company, and we're not a perfect company but we have made enormous progress in that outcome in. Allowing, supporting, and encouraging our employees to help us solve those issues. Rod, in your 40- year career, I'm sure you've had a lot of advice. But as you look back, what's the best piece of leadership advice that you ever received and why did it click with you in influencing your leadership style? One of the most important learning's I've had from a number of mentors was, the suggestion to listen critically from a variety of perspectives. Process that, and then be your authentic self in the execution of what Comes next and I've tried to apply that at every stage that I've had the opportunity to work in and it's served me pretty well. [ BLANK_AUDIO ]

"We're not a perfect company but we have made enormous progress."

What This CEO Learned From a Spin Off and an IPO