HR Report 2024
Dear Readers,
2024 was a year of change and disruption for many of us. The past twelve months were shaped by a complex geopolitical environment, the inevitable intensification of the global race for talent and tangible transformation through generative AI.
Decarbonization and digitalization are having a far-reaching impact on people’s lives and careers. From my perspective, “Focusing on Business and Talent Development while Driving Digital Transformation in HR” is crucial to building a modern and competitive organization.
We see HR as a value-adding advisor – and in that capacity we embrace the great journey we have embarked on.As a company, adapting to changed market conditions involves a careful balance between short-term success and long-term profitable growth. We focus on structural improvements to strengthen our competitiveness. To achieve this, we are rolling out the company-wide Step Up program – with significant implications for the role of HR as we evolve from enabler to driver.
I am proud of how HR has transitioned to a functional set-up with globally defined end-to-end responsibilities since October 2023. We brought HR Delivery Excellence to life while prioritizing people. We recognize that sustainable entrepreneurial success is only possible with an engaged and thriving workforce. This ongoing transformation will remain a top priority in the years ahead as we advance on our path of harmonization and digitalization. We are elevating HR for a future we feel optimistic about.
In this report, we summarize how our HR strategy supports the company’s business objectives. We deliver on our belief that “people create value, engagement drives people”. This enables us to attract and retain the best talent in the market, to focus more strongly on upscaling technologies in the HR sector and to upskill and develop our leaders. We remain committed to diversity and inclusion in all facets of company life.
Markus Fink
Executive Vice President & CHRO
Please click on "Two-Page View" at the top of the PDF reader to see the layout correctly.