CONSOLIDATED FINANCIAL STATEMENTS >
DIRECTORS’ REPORT
94
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
Over a period spanning more than
130 years
, the Prysmian
Group has built its success and achieved important
milestones thanks to the skills of its employees who,
generation after generation, have been able to pass on to
younger colleagues their values, experience and sense of
belonging to the Group.
The
human capital strategy
of Prysmian seeks to pursue
this path: fostering and shaping the passion, motivation and
competencies of our employees into the real competitive
edge over our competitors.
In line with the Group’s objectives, the human capital strategy
is underpinned by a number of pillars.
• The development and dissemination of a shared
common
identity
: everyone must feel part of the team, contributing
to a common project in which they believe.
• An inspiring model of
Leadership
: a management class
of high moral and professional standing is essential for
aspiring to ambitious goals and for achieving stable, long-
term results.
• The
development and management of talent
: involving the
right people in the professional challenges, knowing how to
select them and developing and making the most of their
skills; training them, challenging them and engaging them.
These activities, like others, require planning and method
in order to prime the Group to face the challenges of the
future. The Group aims to create a “people pipeline” that
will drive and support Prysmian’s growth.
• The
ability to attract
the highest quality people on
the market, by offering professional, intellectual and
challenging career alternatives, that are dynamic but also
able to offer attractive long-term prospects.
• The
development of an organisation
that, in terms of size,
structure and processes, will allow the Group to compete
effectively on the market.
• The importance of
internal communication and social
relations
, key to managing a large organisation and being
able to engage internal and external stakeholders.
• The
international and multicultural dimensions
of our
workplaces, consistent with our industrial and commercial
presence worldwide.
Leadership Alignment/Organisational efficiency
During 2013 the Group carried on consolidating the matrix
HUMAN RESOURCES
To foster and develop the passion, motivation and competencies of its people. The Prysmian
Group’s human capital strategy is the basis of its competitive edge over competitors.
Investing in human resources is to develop innovative ideas, products and services that can
satisfy even the most demanding customers.
organisational model, introduced back in July 2011; it
continued to perform analyses and take consequent actions
intended to fully harmonise processes, optimise structures
and effectively develop potential synergies arising from
the Prysmian-Draka integration, leading to a progressive
improvement in the level of management control.
From an organisational point of view, a series of analyses
were carried forward in 2013 with the aim of optimising
organisational structures, especially in the commercial area,
in order to meet new market needs.
People Development: investing in people
During the year, Prysmian Group consolidated its employee
training and development programme based on the following
four initiatives: Graduate Program, Prysmian Group Academy,
Talent and Succession Management and Performance
Management.
Graduate Program
is an international graduate recruitment
and induction programme for placements in different
business functions and geographical areas, created with
the objective of helping to build the Group’s management
and professional team of the future. Launched in 2012, the
selection process (involving online tests, group assessments
and finally interviews with management) has attracted more
than 5,000 applicants, from whom just 52 young people
hailing from every continent were selected. In parallel,
another recruitment campaign was initiated in 2013 to select
around 50 young high-potential graduates for induction into
Prysmian by the end of 2014.
Prysmian Group Academy
is an international school for
managers and professionals that has seen around 500
employees pass through its doors in 2013 and plans to see an
equal number in 2014. This initiative not only accelerates the
integration process - following the acquisition of Draka - and
consolidates the Group’s identity, but also aims to strengthen
managerial skills and technical expertise, through the courses
respectively provided by the School of Management and the
Professional School:
•
School of Management
: set up in partnership with SDA
Bocconi, it offers management training programmes that
count towards earning an MBA and are structured according
to the different types of user.
