Louis Vuitton 2006 Annual Report Download - page 60

The continued development of these meetings with
young people has given LVMH the opportunity to
enhance their knowledge of the LVMH group and
its companies, to share with them the rich fabric
of its businesses and the attractive career oppor-
tunities they offer. As a result, a survey conducted
in 2006 by the marketing firm Universum with
7,700 students from 62 major French schools
ranked LVMH at the top of the list of companies
preferred by young business school graduates.
Similar projects have been undertaken abroad in
the United States (Columbia, Harvard), Japan
(Waseda, Keio, Hitotsubashi) and in the major
Asian universities. In addition, aware of the excep-
tional growth potential in the countries of the Asia-
Pacific region, LVMH has continued to expand its
presence and initiatives in the region. Since 1986,
the LVMH Asia Scholarships offer business school
students the opportunity to travel to Asia for study.
In 2006, three winners from the CEIBS (China
Europe International Business School) also won
scholarships to complete four to six-week training
sessions in France at Louis Vuitton, Parfums Chris-
tian Dior and Moët Hennessy.
The Group's companies also conduct a large number
of local projects in high schools or colleges and at
trade schools that train young people in the skills
needed in their business group.
A DYNAMIC RECRUITING APPROACH THAT VALUES
DIFFERENCES
For the 13,700 men and women who joined LVMH
in 2006, it was the human qualities that made the
difference. LVMH offers the opportunity to deve-
lop the entrepreneurial spirit, look for initiative and
responsibilities within a highly decentralized group,
be creative and innovative, have a vision of the future
that is built on respect and loyalty for the profound
soul of prestigious companies, some more than one
hundred years old.
To ensure maximum exposure for job offers, and in
order to encourage a broad diversity of applicants, the
Average workforce
by business group in %
Average workforce
by geographic region in %
PROTECT AND DEVELOP JOBS IN FRANCE AND
AROUND THE WORLD
LVMH employs over 64,000 women and men
worldwide who, with their many talents, form a
long chain for product design, manufacture and
distribution. The teams work in very different acti-
vities based on the Group's business sectors: Wines
and Spirits, Fashion and Leather Goods, Perfumes
and Cosmetics, Watches and Jewelry, and Selec-
tive Retailing.
Through its policy of selling products that carry
the made in France label, a sign of quality and
excellence, LVMH maintains industrial jobs in
France. In addition, given the continued growth of
its brands, a large number of jobs, particularly sales
positions, have been created in many of the coun-
tries in which the Group is present. As a result over
69% of its workforce is employed abroad, essen-
tially in the retail networks of Europe, North,
America and the Asia-Pacific region.
IDENTIFY AND ATTRACT TALENT
Identifying and attracting talent is a strategic compo-
nent of the LVMH recruiting policy. Accordingly, throu-
ghout the year, the companies of the LVMH group
participate in a large number of events organized in
France and abroad on the campuses of engineering
and business schools, at design schools, and schools
specializing in the skills specific to their businesses.
A human resources policy
that promotes the Group's values
Wines & Spirits 5,612 9%
Fashion & Leather Goods 17,570 29%
Perfumes & Cosmetics 14,104 23%
Watches & Jewelry 1,878 3%
Selective Retailing 21,253 35%
Other activities 879 1%
Total 61,296
With fifty brands co-existing in different market sectors and a presence in
62 countries, LVMH has strength and diversity founded on a unique asset of
multi-faceted talent. Its men and women come from all over the world, bring
a variety of cultures and skills to the table, are united by a shared commitment
to the same values and are driven by the same desire for excellence.
The Group guarantees its continued effectiveness by identifying the best
people, recruiting them with transparency, and retaining them by offering
rich career possibilities for advancement and professional growth.
By cultivating its ethical values of openness and diversity daily, LVMH ensures
strong, cohesive teams that are proud to belong to the Group.
Through this approach, the LVMH Human Resources policy has become one
of the primary assets in the Group's strategy.
France 19,154 31%
Rest of Europe 12,181 20%
United States 12,665 21%
Japan 4,625 8%
Rest of Asia 10,577 17%
Other markets 2,094 3%
Total 61,296
56 LVM H 2 0 0 6 SUSTAINABLE DEVELOPMENT