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These values impact the day‐to‐day routine of New Services’ employees, and allow the<br />

company to improve employees’ well‐being and motivation, as well as the performance of<br />

organizations such as companies, associations and public authorities.<br />

These values are also the foundations of a company‐wide plan know as EDEN (Entreprendre<br />

Différemment Ensemble, or Working Together, Differently) launched in January 2010 to support New<br />

Services’ efforts to become the global leader in the market for employee and public benefits, and a<br />

leading player in the market for performance products, meaning prepaid products and services that<br />

improve the performance of organizations such as companies, associations and public authorities.<br />

This objective is incorporated in New Services’ human resources strategy, which seeks<br />

recognition for the Company’s ability to reconcile business performance targets with employees'<br />

personal aspirations. New Services’ approach is unique in that it believes employee satisfaction to be<br />

a central component of its growth strategy.<br />

In this spirit, the Company’s human resources strategy for 2009 to 2012 is based on the<br />

following five principles:<br />

• Working at New Services is enjoyable, as evidenced by the Company’s many awards<br />

such as “Best Place To Work” or other international distinctions.<br />

• Geographic and job mobility is an important part of the corporate culture, enhancing<br />

the career development potential of each employee.<br />

• The Company maintains a strong relationship with its employees: each employee is able<br />

to recognize his/her contribution towards the Company’s larger goals. The quality of<br />

the work environment is evaluated on a regular basis though surveys (e.g., company‐<br />

wide survey conducted every two years, and local surveys conducted based upon the<br />

recommendations of senior managers in each country), the monitoring of certain<br />

indicators (e.g., turnover and absenteeism).<br />

• Training, which is strongly encouraged at New Services, is considered to be a<br />

necessary investment, as it has an impact on employees’ professional growth and the<br />

Company’s preparation for the future, facilitates the integration of new employees.<br />

The principle that “every employee will complete one training session per year” has<br />

become one of the Company’s human resources priorities and an announced goal for<br />

2010.<br />

• “Doing well” is a management principle that is applied to the actions of all managers<br />

and employees. This principle takes on a special meaning in the context of projects<br />

relating to Social Responsibility and, even more so, the Group's management of its<br />

business in accordance with a specific ethics code.<br />

New Services has established the following action plan in connection with its human<br />

resources strategy:<br />

o Cultivating the loyalty of talented people through skill development and internal<br />

promotion<br />

This is a “historical” principle at New Services, which has become all the more<br />

pertinent in the current economic environment characterized by strong competition<br />

and limited resources. The following steps represent part of New Services’ efforts<br />

to retain employees, which remains a high priority:<br />

annual evaluations and meetings to define employees’ objectives;<br />

implementation in 2009 of an analytic process to identify 120 outstanding<br />

young managers with the necessary skills to move up within the company;<br />

widespread local use of formal progress reports (quarterly, semi‐annually)<br />

to recognize progress made and guide individual action;<br />

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