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PRYSMIAN GROUP | DIRECTORS’ REPORT

105

HUMAN RESOURCES

The HR strategy is rooted in the development and spread of a shared common identity: everyone must feel

part of the team, contributing to a common project in which they believe.

Over a period spanning more than 130 years, the Prysmian Group has built its success and achieved

important milestones thanks to the ability 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 continue in this direction: fostering and shaping the passion,

motivation and competencies of employees into the real competitive edge over competitors.

In line with the Group's objectives, the human capital strategy is underpinned by a number of pillars:

The development and spreading 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. This also

involves continually enhancing the ability to have a 360-degree vision of the business and related

opportunities, as well as to anticipate changes in the business.

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 step up

the development of the "people pipeline" that will drive and support both current activities and

Prysmian's future growth.

The ability to attract top quality resources, by offering professional, intellectual and challenging

career alternatives, that are dynamic but also able to offer attractive long-term prospects.

The ability to protect critical know-how and to prepare a planned succession for the more important

technical roles within the factories.

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

The process of optimising organisational structures carried on in 2015, especially with a view to improving

their effectiveness in the business. In particular, one significant action, announced in 2014 but effective from

January 2015, was the process of rationalising Country structures in Europe with a view to regionalisation