Companies are much more than just abstract units of value creation, balance sheet ratios or building complexes. Rather, they are interconnected living organisms that are composed of numerous actors engaged in a direct interaction and interplay with one another and the wider environment. At the core of this philosophy are our employees with their own individual qualities, abilities, needs, ideals and goals – all of which have to be reconciled.
Motivated and well qualified people – as well as their long-term employment with our company – are one of the most important factors in Hannover Re's success. In this context, growing importance is attached to sustainability-related aspects in all phases of employment. Most notably, the demographic shift in industrial countries is leading to intensified competition for well-qualified junior staff. It is evident that members of Generations Y and Z are especially likely to consider not only monetary aspects when it comes to choosing their employer, but focus instead on the "total reward": adherence to principles of responsible corporate governance, measures to realise sustainable development in core business, a company’s reputation, culture and work atmosphere, compatibility of work and family life as well as other additional benefits.
Strategic initiative: Talent Management
A Talent Management initiative sponsored by the Chief Executive Officer was launched in 2020. One of altogether four strategic initiatives, it forms part of the Group strategy 2021-2023 and at the same time supports the "Performance enabler: Empowered people", which has similarly been integrated into the Group strategy. The goal is to attract talented new people and retain them at the company, to optimally deploy, foster and develop them at all locations and to create a work environment that makes Hannover Re the employer of choice. In addition, the initiative envisages measures to promote global mobility, the optimisation of relevant support processes and systems as well as a greater interlinking of worldwide human resources activities. Further goals of the initiative are the development of a Group-wide HR IT system as a support tool, the promotion of a global network within the human resources community, an optimised succession planning, expanding programmes for "Learning & Development” and the implementation of a roadmap in support of "Diversity, Equity & Inclusion".
There are four areas for which Hannover Re has set itself explicit goals in its sustainability strategy. Please feel free to click through to learn more about us as an employer: