Professions in transition: capability shift People, machines and industrial processes are connected intelligently – that’s Industry 4.0. Digitisation has long since arrived in industry and is developing rapidly. This is accompanied by enormous chances and opportunities, but risks and challenges as well. The goal of the capability shift strategic initiative is shaping the opportunity to position Festo for sustainable success with future-relevant competencies in the company. Learning new skills from the areas of software, artificial intelligence, sustainable construction as well as the distribution of electronics represents the strategic range of topics for Festo in this context. Tailored training concepts ensure that employees can spread their wings in the digitised world of work. One example is the global roll-out of a sales training programme for electric automation. The cooperation with Esslingen University of Applied Sciences for an in-house format called ‘Festo-certified software engineer’ as well as a virtual learning path for the topic of lightweight construction are further examples of the organisation of the capability shift. GRI 404-2 Changing leadership: Leadershift@Festo In the current strategy period, Festo has set itself the goal of further increasing the maturity level of leadership throughout the company. The further development of managers is thus the focus of all activities in the Leadershift field of action. Major progress was already made in 2022. In the division-specific initiatives Leadershift@Shopfloor, Leadershift@Sales and Leadershift@BU/R&D, assessment centres were carried out universally last year and then supplemented with individual development measures. The design and pilot phase of a management development programme at the first management level was also promoted in 2022. The global implementation of the programme is planned from 2023. An open and trusting feedback culture is the basis for good cooperation. Capability shift: New technologies require new job profiles. A programme for middle management has also been conceived. The Middle Management Programme will be piloted and rolled out globally in 2023. One highlight in this context was the second module of the executive development programme, which took place in 2022 in cooperation with the INSEAD business school. The virtual Leadership Essentials series provided impetus for leadership in 2022 and will also be continued in 2023. GRI 404-2 Global introduction of 360° feedback Another tool for the further development of our managers is the global introduction of the 360° feedback process. With the help of a structured and anonymised questionnaire, all managers receive feedback from different perspectives: from their employees, their own managers and colleagues. This process was launched outside Germany in 2022, and the roll-out will continue in 2023, and is expected to be repeated every two years after that. Participating managers receive an individual report on the results and thus important pointers for their personal areas of development and for improving cooperation between them and their environment. Specific measures are derived based on the results, which are recorded in the development plan and continuously monitored. With this tool, Festo ensures the development of a contemporary feedback culture in the company and at the same time ensures that the quality of leadership in the company is continuously developed. GRI 404-3 98 99 Festo SE & Co. KG Sustainability Report 2022 Festo SE & Co. KG Sustainability Report 2022 1. BLUE WORLD 2. STRATEGY AND MANAGEMENT 3. CO2 REDUCTION AND ENERGY EFFICIENCY 4. TECHNICAL EDUCATION 5. ENVIRONMENT, RESOURCE AND MATERIAL EFFICIENCY 6. PEOPLE AT FESTO 7. ETHICS AND GOVERNANCE 8. GRI-INDEX 9. REPORT PROFILE
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