Siemens 2008 Annual Report Download - page 86

80 Fit42010 – People Excellence
Corporate change grounded in a values-oriented management and company culture
Individuals who measure themselves against the best, take responsibility for their actions and
demonstrate outstanding commitment and enthusiasm – that’s People Excellence. For us, it’s both
a reality and a goal. A reality because we already boast a unique pool of highly qualied and excep-
tionally motivated employees all around the world. A goal because we must also address – and
help shape – the constantly changing economic, political and social environments in which
we operate. Now our task is to develop and implement a high-performance culture that leverages
and enhances the strengths of every individual under rst-rate leadership. Building on our values
– responsible, excellent and innovative – we’re fostering a culture that’s never satised with its
achievements but always strives for improvement, for the benet of our employees and our
Company.
Top achievement through our Performance Management Process
To do your best, you have to know what you’re aiming for. This simple idea underlies one of our
key personnel tools: the employee assessments that are part of our Performance Management Pro-
cess. Implemented worldwide, the process helps our people set clear personal goals and ensures
that they receive continuous and open feedback. The assessments, which evaluate individual per-
formance and success, provide the basis for employees’ continued professional and income devel-
opment.
Our future – Top managerial talents and key technology experts
A responsible company culture nurtures promising young managerial employees. By identifying
tomorrow’s leaders today, offering them challenging and rewarding tasks, systematically support-
ing them and preparing them for managerial positions, we’re making a major contribution to sus-
tainable Company success. To safeguard our long-term future, we have to plan ahead. And that
means driving People Excellence by constantly fostering the movers and shakers of tomorrow. At
Siemens, we refer to outstanding achievers with high leadership potential as our top talents. And
it’s from this group that many of our future executives will emerge. To date, we’ve identied over
2,000 top talents – over 500 in scal 2008 alone. Fifty-ve percent of these budding leaders live
and work outside Germany.
Fit42010 – People Excellence
We’re living in an age of transformation. Globalized markets, intensify-
ing competitive pressures and megatrends like shifting demographics,
increasing urbanization and climate change are posing ever greater
challenges for businesses and society. And only responsible, highly
qualied employees who think outside the box can create the trail-
blazing technologies that will provide the solutions. That’s why People
Excellence is an indispensible component of our Fit42010 program.