Informing and Communicating
Visions must be conveyed, strategies developed and goals agreed upon. Information and communication form the cornerstones of our cooperation, without which successful management is not possible. Communication is not a one-way street; it is based on reciprocity and it respects and encourages different points of view.
The accomplishment of our corporate objectives and the quality of our work are closely tied to the skills and expertise of our staff. Managers are the drivers of personnel development. They help their staff to cultivate their talents through a broad range of individual measures. In this connection it is first and foremost new challenges in day-to-day work that enable our employees to grow their experience and know-how. Fostering talent not only includes measures within the manager’s unit but also extends to opportunities available throughout the entire Hannover Re Group.
Personal and professional growth emerge out of hallenges. Only in this way can performance thresholds be systematically extended. We are guided here by ambitious targets that we derive from the corporate strategy as well as from the potential of the individual. This linkage also makes it possible to appreciate personal achievements and recognise the valuable contribution of individuals.
Delegation is a vital prerequisite for the optimal deployment and development of available employee potential. The foundations for successful delegation are trust, competence and a real assignment of responsibility through the empowerment of individuals and teams. In this way we motivate our employees and encourage an entrepreneurial mindset on all levels.
Monitoring and Feedback
Thanks to the efforts of our staff, goals are translated into results. We review and reflect upon these results and use them as a basis for providing feedback to staff. We control as much as necessary and as little as possible. Monitoring and feedback therefore constitute an important lever in our approach to learning from our successes and mistakes. They are essential components of continuous skills enhancement and innovation.