Estee Lauder 2011 Annual Report Download - page 63

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BEING THE BEST HOME FOR TALENT
The Estée Lauder Companies has long been the destination for talent in our industry, and we are committed
to preserving that privilege. We have always believed that our people are our greatest asset and this year
we made it a leadership priority to focus on greater talent development within our global organization.
We implemented a number of initiatives to support our culture of creativity and innovation across the
Company. Our new Leadership Competency Model is designed to identify and harness our strengths,
turning employees into leaders based on their individual capabilities
and opportunities for growth. We
believe that good ideas come from all sources, so we
equipped our employees to make contributions both
within the framework of their roles and responsibilities
and beyond. We are empowering people across a
variety of functions to make suggestions and improve
ments
and to remediate inefficiencies. In addition,
we have institutionalized a number of programs that foster
interactivity between employees and senior
managers— from our informal CEO discussions that take place across the world called
“Conversations
with Fabrizio” to our affiliate Town Hall meetings— and we are actively improving the ways our employees
engage with each other and with our leaders.
61
LEFT: Tom Ford Beauty Color Collection brushes