VIG School of Business
As a “first mover” in the insurance sector, the Vienna Insurance Group has set itself the goal of founding a VIG School of Business in order to improve the professional skills, know-how and capabilities of its employees.
The Vienna International Underwriters (VIU) Academy was founded in 2008, with the goal of further improving the technical knowledge of employees working in the underwriting area. Education is carried out as a mixture of practical training, theoretical components and project assignments, taught by internal and external professionals and experts.
In 2009, the human resources development area continued its efforts to develop a design for additional specialised company-specific courses, and plans to offer Group employees additional programmes during the year 2010 in, for example, the risk management and corporate investment areas. Furthermore, the Vienna Insurance Group also provides opportunities for greater employee development through programmes such as on-the-job training, job rotation or special assignments involving employee participation in international projects.
Job market
A Group-wide job market gives every Vienna Insurance Group employee the opportunity to apply for positions that are offered locally or internationally in the Vienna Insurance Group’s headquarters or at one of the approximately 50 subsidiaries in order to further promote their careers within the Group. Overall, more than half of the positions available in the Group were filled internally in 2009.
Development dialogue
A number of different instruments are being used to gradually establish a performance-oriented corporate culture in all areas of the Group. A performance development dialogue is currently being introduced across the Group. This performance development dialogue is an integrated employee interview process that takes place within the Group and includes areas such as goal setting, skills and potentials assessment, development measures and career management.
Compare to 2008