Video Series:

Thriving in uncertain times: Ann Ramakumaran

Every founder’s journey features some measure of adversity. To better understand how leaders manage through market challenges and respond to trends, we’re speaking with business owners guiding their companies and industries to new heights. Topics include business resiliency and scaling for growth, access to capital, financial discipline and strategic planning, talent management, and leadership.

 

This is the fourth conversation in our ongoing “Thriving in uncertain times” series, in which diverse, women, veteran and LGBTQ+ business leaders share how they’re building resilient organizations. In this discussion, Frederick Royall III, National Head of Diverse Businesses for JPMorgan Chase Commercial Banking, spoke with Ann Ramakumaran, founder and CEO of Ampcus, a technology and business consulting and staff augmentation firm—and JPMorgan Chase supplier—celebrating its 20th anniversary in 2024.

Side note:

Bright music plays.

Text on screen:

Thriving in uncertain times.

Logos:
 - J.P. Morgan;
 - (and) Chase (with the Chase octagon symbol).

Text on screen:

Business resiliency and scaling for growth - How to stay nimble and innovate through uncertainty.
On screen:

A man with closely cropped dark hair and brown eyes begins a virtual interview. He wears a light blue dress shirt and dark blue suit jacket.

Text on screen:
Frederick Royall the Third, National Head of Diverse Businesses, JPMorgan Chase Commercial Banking.

Frederick Royal III:

The labor market always seems to be in flux. Ann, how have you found quality talent amid external pressures?

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Ann, a woman with long black hair and brown eyes, replies. She is wearing a black suit, paired with gold earrings and a necklace.

Text on screen:
Ann Ramakumaran, Founder and CEO, Ampcus.

Ann Ramakumaran:

We've always invested in people, process, infrastructure, and innovation to support growth. From a people standpoint of view, we've invested in our own in-house sourcing and recruiting team. We also participate in county-led recruiting initiatives. We collaborate with universities. From a retention perspective, our employee retention is as high as 92%. So a lot of our employees have also been referred to us by other employees of ours. And in addition, they've also been referred to us by our clients because for many of our clients, we continue to be the supplier of choice.

Logo:
Ampcus - Collaboration redefined.

Text on screen:
Recruiting techniques that work for Ampcus:
 - Employee referrals;
 - (and) Client referrals.

Ann Ramakumaran:

Those are some of the ways that we've been able to attract and retain talent.

Frederick Royal III:

How have you kept your employees engaged? What types of scaling opportunities are you offering to retain them?

Ann Ramakumaran:

Technology is changing rapidly. Hence it requires that all of our employees stay ahead of the game. We get them certified on newer technologies, we reimburse the certification fee, and a lot of our employees also have access to our in-house subject matter experts. That's where our employees do get a chance to learn and explore and innovate. So a lot of those investments made have really helped us to get to where we are today.

Frederick Royal III:

What's your approach to staffing through market downturns? And also, what about when you're scaling up?

Ann Ramakumaran:

Yeah, so from a downturn perspective, we're a little unique. We have a very diversified clientele list. If we talk about the banking, financial insurance sector customer base, we support 38 of the fortune hundred banking, financial insurance sector customers. If we talk about utility customers, healthcare, life sciences, pharmaceutical, federal agencies, state and local.

Logo:
Ampcus.

Text on screen:
Ampcus client list includes:
 - Businesses in the financial services, insurance, pharmaceutical, technology, telecommunications and other sectors;
 - Federal government agencies;
 - (and) State and local government agencies.

Ann Ramakumaran:

We have many customers across those industry segments and agencies that we support. So be it economic downturn, be it government shutdown, be it the pandemic, we've been able to mitigate that risk, if you may, and haven't really experienced a fall or a dip because we've focused on continuous recruiting and always looking out for some good talent to support our customers across industry segments. Scaling has never been an issue, ramp up has never been an issue. And that's why when customers come and award us contracts or bring in as one of the preferred suppliers, we continue to be one of the top performing suppliers and be awarded the supplier of the year. When if clients change the direction and put their projects on hold, we have our resources work at our innovation lab. Because innovation doesn't happen overnight; innovation comes at a cost.

Frederick Royal III:

Ann, thank you for sharing these insights and best practices. We appreciate it.

Ann Ramakumaran:

Thank you, Fred.

On screen:

Ann smiles slightly as the video concludes.

Side note:

Bright music plays.

Logos:
- J.P. Morgan;
 - (and) Chase (with the Chase octagon symbol).

Side note:

Legal disclosures:

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Chase, J.P. Morgan, JPMorgan, JPMorgan Chase, and Story by J.P. Morgan are marketing names for certain businesses of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide (collectively, "JPMC", "We", "Our" or "Us", as the context may require).

The material contained in this video is intended as general market commentary and does not constitute legal, tax, investment, accounting, financial, business, real estate, or any other advice, and should not be relied upon as such. The views, opinions, estimates and strategies expressed in this video are those of JPMC , or other featured speakers, and may differ from those of Commercial Banking or other JPMC employees and affiliates. This video in no way constitutes an offer or commitment to provide a particular product or service. Products and services offered by JPMC and its affiliates are subject to applicable laws and regulations, as well as our service terms and policies. Not all products and services are available in all geographic areas or to all customers. Credit is subject to approval. Rates and programs are subject to change; certain restrictions apply.

This content does not constitute J.P. Morgan research and should not be treated as such. Any views expressed are often based on current market conditions and are subject to change without notice. Any statistics referenced have been obtained from external sources deemed to be reliable, but we do not guarantee their accuracy or completeness. In no event shall JPMorgan Chase nor any of its directors, officers, employees or agents be liable for any use of, for any decision made or action taken in reliance upon, or for any inaccuracies or errors in or omissions from, the information in this video.

Copyright 2024 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase Bank, N.A. Member FDIC. Deposits held in non-U.S. branches are not FDIC insured.

Equal Housing Lender.

END

For more founder insights, check out Royall’s “Thriving” conversations with:

  • Travis Mack, a Navy veteran, serial entrepreneur and philanthropist
  • Janice Bryant Howroyd, the first Black woman to build a billion-dollar business
  • Martha de la Torre, CEO and co-founder of the largest Spanish-language classifieds service in the U.S.

JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.

6 EPISODES

  • Ann Ramakumaran

    4:40

    Meet Ann Ramakumaran

    The supplier diversity advocate is celebrating 20 years of her technology and business consulting and staff augmentation firm in 2024.

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  • Ann Ramakumaran banner

    4:04

    How to stay nimble and innovate through uncertainty

    Ann Ramakumaran explains her approach to business resiliency and scaling over 20 years of growth.

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  • Ann Ramakumaran

    3:22

    One founder’s capital journey

    Ann Ramakumaran reflects on the importance of financial discipline and transparency when engaging with financial partners.

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  • Ann Ramakumaran banner

    2:54

    Founder Ann Ramakumaran talks financial discipline and strategic planning

    Managing risk and planning for the future has kept Ampcus thriving for 20 years.

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  • Ann Ramakumaran

    3:14

    How to recruit and retain staff while continuously innovating

    Ann Ramakumaran shares the talent-management best practices she’s cultivated while leading Ampcus, the “supplier of choice” for many of her clients.

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  • Ann Ramakumaran banner

    4:37

    Ann Ramakumaran’s leadership style

    The Ampcus founder reflects on her role models and navigating “make or break” moments in her company’s 20-year history.

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