john-lewis-partnership-plc-annual-report-2015

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28 6 7 John Lewis Partnership plc Annual Report and Accounts 2015 2 1 3 5 4 PRINCIPLE 4 MEMBERS LEADING WITH A MORE ENGAGING APPROACH Principle 4 of our Constitution states “The Partnership aims to employ and retain as its members people of ability and integrity who are committed to working together and to supporting its principles. Relationships are based on mutual respect and courtesy, with as much equality between its members as differences of responsibility permit. The Partnership aims to recognise their individual contributions and reward them fairly.” Our principle in action We believe that one of the ways in which our Partnership helps us protect profit is through the long-term investment we make in our Partners. Our market-leading approach to employing, developing and rewarding Partners is crucial to our business success. Our commitment to lifelong learning and developing Partners’ skills and knowledge is even enshrined in our Constitution. Our position on pay and benefits is also an example of best practice within the sector. See page 52 for more on our Partner Plan. Retaining, developing and rewarding our Partners in 2014 aa aa aa The average length of service for Partners over the age of 22 is over nine years. Almost 70% of Partners said they have the opportunity to keep developing their skills and potential – one of the top three drivers of job satisfaction, followed by opportunities for career progression. 1 94% of Partners value the range of benefits that are available to them 1 , putting us among the top 10% of UK employers. 2 Investment in our workforce benefits the Partnership by boosting job satisfaction and brand advocacy. Keeping Partners engaged helps us manage recruitment and absence costs and enhance our relationships with customers (see page 22 for more information). In 2014, we spent 56% more than similar organisations on the creation and delivery of Partner development. This investment sets us apart from the competition. MY JOB IS TO WORK WITH PERSONNEL TO ENSURE WE REMAIN AT THE FOREFRONT OF THE EMPLOYMENT MARKET WHILE STAYING TRUE TO OUR CONSTITUTION. Patrick Winters Programme Manager, Partner Strategy, John Lewis Partnership The John Lewis Partnership was listed in the Guardian’s Top Employers UK 2015 for our leading benefits and Partner Plan. 1 Partner Survey 2 Based on ORC benchmark
Annual Report and Accounts 2015 John Lewis Partnership plc 29 PADDY’S COMMITMENT TO ALL OF US makes your business 2011 Paddy is Programme Manager for Partner strategy. He joined Waitrose in 2011 working in Operational Development. Today his job involves working with the Director of Personnel in Group to shape the long‐term Partner Plan. Their goal is to ensure we address the needs of our members in a changing commercial environment. Introduction Partnership difference Principles Strategy Performance Governance Financial statements
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In a nutshell... Annual Report and
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Statement of Directors responsibili
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Five year financial record for the
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