Philips 2008 Annual Report Download - page 65

Social performance
Employee engagement
In 2008, 90% of our employees took the Engagement
Survey. The Employee Engagement Index – the single
measure of the overall level of employee engagement
at Philips – rose to 69% in 2008, from 64% in the
previous year.
Equally important is the insight we gained into ways
we can improve. For example, employees’ confidence
in the company’s future decreased. To reverse this we
are placing emphasis on connecting all of our people
with the long-term ambition of Philips.
Diversity and inclusion
We reached our diversity and inclusion target for
2008, significantly increasing the percentage of women
in executive positions. Women now comprise nearly
10% of executives across the global Philips organization
– double the figure of 5% in 2005.
In 2008 the percentage of women in the top potential
pool reached 23%, up from 20% in 2007.
Further, the percentage of executives from Asia Pacific
stood at 8% at year-end 2008, versus 7% the previous
year. The percentage of top potentials from Asia
Pacific was 14%, a decrease from 16% in 2007.
Developing our people
With nearly 10,000 employees participating in programs
in our Core Curriculum during 2008, enrollment
decreased compared with 12,000 the previous year.
Functional Core Curricula enrollment was some 7,600
in 2008, a slight decrease from 8,000 in 2007.
In 2008, our Inspire program for high potentials
facilitated the completion of seven project assignments,
and seven more are expected to be completed during
the first quarter of 2009. Top potentials in the
Octagon program completed eight projects.
Even in the face of the economic downturn, participation
in our curriculum of internal and external programs
for executives remained at the same levels as 2007.
Approximately 9% of executives and top potentials
attended external business school programs.
In 2008, 13 new executives went through the
executive induction program for newly hired
or recently appointed executives.
Employee Engagement Index
% favorable
80
60
40
20
0
59
2005
61
2006
64
2007
69
2008
Female executives
as a % of total
10
6
8
4
2
0
5
2005
6
2006
8
2007
10
2008
Talent creating value
At Philips we all work together to achieve our goal
of providing meaningful solutions to human needs.
It is therefore crucial that we communicate properly
among ourselves and that everyone is given full
opportunity to use their individual talents.
We believe it is important that employees feel part
of a team, experience that their ideas and suggestions
count, develop themselves and know diverse
perspectives are valued.
Philips Annual Report 2008 65
122
Performance statements
114
Supervisory Board report
110
Our leadership
94
Risk management
70
Our sector performance