Human Resources for Expansion
Timely development of personnel and successor planning are key elements in the human resources development policy of the Vienna Insurance Group allowing the Group to continue successfully implementing its growth strategy.
Lead@VIG
The successor management programme Lead@VIG was introduced throughout the Group at the end of the year. Lead@VIG was implemented as a strategic tool for realising an active successor policy. The programme offers long-term development prospects to Vienna Insurance Group employees, thereby ensuring a future supply of employees at the management level within the Group.
Employee Development for Further Growth
In October 2007, the Vienna Insurance Group started a new management development programme “Management Essential”. The programme is offered internationally in German and English for managing board members and top-level managers of Vienna Insurance Group companies and nationally for second and third level managers, and managers of individual functional areas, such as sales managers.
The programme is closely linked to the strategy of the Vienna Insurance Group, and offers the following contents in three modules to participants:
- Me as a manager
- Me and my team
- Me and my organisation
In addition to the programme, the international participant groups also focus on creating a network of top managers of the Vienna Insurance Group.
The Vienna Insurance Group’s Growth Targets Require an Effective Talent Management
The Vienna Insurance Group is pushing Group-wide exchange of employees in order to widen horizons and increase the transfer of knowledge and best practices. For example, the Group has developed the “Mobile Mind-Job Rotation” programme that ranges from a quick glimpse into other Company departments to a 10-month exchange within an area inside the Group. Participants are offered a number of “on and off-the-job” training activities during the training programme in Vienna.
To speed up familiarisation and integration into business life at headquarters, each participant is assigned an internal mentor who takes on the role of a training partner. An intercultural training course is also offered.
- Job rotation combines two of the fundamental strengths of the Vienna Insurance Group: the opportunity to benefit both from the headquarters in Vienna as well as from the special features of local companies. Job rotation is therefore a symbol of integration based on knowledge transfer.
- Job rotation promotes the identity and culture of the Vienna Insurance Group.
- Job rotation makes use of existing know-how, and allows it to be exchanged.
