Our employees are vital to our success. Franke’s aim is to create competitive advantage through our people and their behavior. We see every interaction with customers as an opportunity to strengthen the brand.
It is a top priority at Franke to provide not only a safe, inclusive, and collaborative workplace, but also an environment in which our people can flourish and take charge of their careers. By fostering such an open and trust-based working culture, we aim to create the right conditions necessary to thrive at Franke. We support our employees through continuous learning and development opportunities, and we encourage innovative thinking.
Engagement and empowerment
Cultivating a culture in which employees are engaged and empowered within their roles while ensuring that their voices are heard within a large organization is integral to the talent management strategy at Franke. A highly engaged workforce often equates to happier, more dedicated employees, motivated to set and achieve ambitious targets, ultimately driving a company’s success.
Developing and nurturing talent at Franke is driven by our Talent Management and Succession Planning (TMSP) process, which involves systematically assessing employees, identifying talents, and discussing potential development opportunities such as participation in the One Franke Talent Program. In 2021, more than 800 employees were assessed and supported through the TMSP framework.
Diversity and inclusion
A diverse workforce with regard to cultures, genders, age, and skills is a key driver of creativity, innovation, and success. Inclusive work environments, in which diversity is managed and promoted, can support talent attraction and retention, improve employee well-being, and ultimately reduce absenteeism. As we operate in 34 countries, we have a relatively diverse workforce by nature. However, we plan to increase our efforts to integrate diversity and inclusion aspects into our core way of working and to ensure that the diversity in our workforce reflects the diversity of the regions in which we operate.
Growth in a female workforce
In 2021, the proportion of women in the workforce increased by 1 percentage point to 27 percent. On a management level, it was 14 percent in 2021 compared to 13 percent in 2020 and 9 percent in 2019. Overall, we recognize that we must expand our efforts to reach a more reasonable gender balance within Franke, and we have begun developing a global strategic directive for diversity and inclusion.