Louis Vuitton 2011 Annual Report Download - page 114

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LVMH 2011
Talent
04 / 24
A COMMUNITY OF MEN AND WOMEN DRIVEN
BY SHARED VALUES
The LVMH “ecosystem” is made up of people
whose broad range of professions and geographi-
cal locations contributes to the success of the
Group’s Maisons, set against a backdrop of
ambitious goals and the desire for sustainable
growth. It is an “ecosystem” that oers multiple
career development opportunities in that it acts
as a skills network, focusing on professional
excellence and cultivating relationships of inter-
dependence, sharing and exchange. This is a
community that promotes diversity for the
mutual benefit of each member, as well as for the
community as a whole.
The LVMH Group oers a stimulating working
environment in which creativity and strict
standards, autonomy and strategic alignment,
diversity and specialization coexist enabling
each individual to play a role in carrying on
the “Future of Tradition.”
INVESTING IN HUMAN
RESOURCES
The annual review of the organizations
and talent within LVMH is a key compo-
nent of the Group’s human resources
policy.
Every year for the past five years, after
each brand has established its upcoming
strategy, all of the Group’s brands define
the human and organizational implica-
tions of their business targets. The key
positions in each organization are then
analyzed so that succession plans can be
drawn up. In-house talent is identified and
individual development plans are laid out,
particularly in terms of training and career
planning.
All of the Maisons comprising the Group
carry out these reviews, which are sum-
marized to identify common priorities
and create a specific road map for the
organizations and talent.
This inventory of skills and require-
ments, combined with the diversity of our
businesses and presence in more than 60
countries, allows us to oer our employees
numerous opportunities for professional
development as well as customized
careers. Today internal mobility is one of
the preferred methods of staff develop-
ment. Two-thirds of key positions are the
result of in-house transfers, and every year
almost 1,500 Group executives move
around within their own entity or between
the Maisons that make up the LVMH
“ecosystem”.