Louis Vuitton 2007 Annual Report Download - page 57

BECAUSE THEY COME FROM AROUND THE WORLD, BECAUSE THEY HAVE BEEN
IDENTIFIED AS THE BEST, THE MEN AND WOMEN OF LVMH ARE FORMING A
CAPITAL OF INCOMPARABLE TALENT AND DEVELOPING UNIQUE SKILLS IN THE
SERVICE OF MORE THAN FIFTY PRESTIGIOUS BRANDS.
THROUGH ITS HUMAN RESOURCES POLICY, LVMH WORKS TO SPOT ALL
THOSE WHOSE TRAINING, EXPERIENCE OR CREATIVITY CAN MAKE A POSITIVE
CONTRIBUTION TO THE GROUP'S ACTIVITIES IN THE 66 COUNTRIES IN WHICH
IT IS PRESENT.
BY ENSURING PERMANENT SKILLS ENHANCEMENT THROUGH MOTIVATING
TRANSFERS AND TRAINING COURSES, BY CULTIVATING EMPLOYEE INVOLVE-
MENT, LVMH HAS SUCCEEDED IN BUILDING STRONG, CREATIVE AND PASSIO-
NATE TEAMS.
THE COHESION OF THESE TEAMS IS BASED ON AND CONSOLIDATED AROUND
SHARED VALUES OF PASSION AND EXCELLENCE, A RESPECT FOR CULTURES
AND DIFFERENCES, WHICH THE LVMH EMPLOYEES AND MANAGERS LIVE
EVERY DAY, AND WHICH THE HUMAN RESOURCES POLICY INTEGRATES IN
EACH OF ITS PROGRAMS.
THIS MARRIAGE OF EXCELLENCE AND DIVERSITY IS ONE OF THE PRINCIPAL
ASSETS FOR THE GROWTH OF THE GROUP.
Identify talent, encourage the acquisition and
continued retention of “business” expertise,
and recognize the individual accomplishments
of the men and women we employ around the
world are key elements of our Human Resource
policy.
Identify talent
In order to maintain continuing strong growth,
LVMH is implementing sophisticated programs to
detect and develop high potential employees. The
“Futura” recruitment program gives the group a
breeding ground for young talent with the poten-
tial to direct an activity in five years. These future
executives, graduates of the world's best schools
and universities, must demonstrate creativity, a
solid business spirit, and an ability to manage
multi-cultural environments. From the moment
they join the Group, the managers in-training
participate in meetings with Group executives in
order to develop an understanding of the growth
logic. They are very rapidly exposed to operational
responsibilities and assigned strategic missions.
These experiences place them in situations geared
to developing their skills as future executives, while
allowing the Group to evaluate and assist the
development of their potential.
In line with this policy, the companies of the LVMH
group have also participated in about one hundred
events organized on the campuses of universities,
engineering, business and design schools. These
meetings with students enhance the knowledge
of the LVMH group and its companies, allow the
Group to share the richness of its businesses and
the attractive career opportunities it offers. So, for
the second consecutive year, the Universum 2007
survey, conducted among 10,300 students from
84 major French schools, ranked LVMH at the top
of preferred companies for young business school
graduates. Similar programs have been conduc-
Protect and develop jobs
LVMH has 71,885 employees worldwide, men and
women with many talents, to design the products,
manufacture and sell them in the various businesses
of the Group: wines and spirits, fashion and leather
goods, perfumes and cosmetics, watches and jewelry,
selective retailing.
Wines & Spirits 6,313 9%
Fashion & Leather Goods 20,803 29%
Perfumes & Cosmetics 15,719 22%
Watches & Jewelry 2,014 3%
Selective Retailing 26,323 36%
Other activities 713 1%
Total 71,885
* Total workforce (regular and temporary personnel) as at December 31, 2007
Through its policy of selling products with the “made
in France” label, a sign of quality and excellence,
LVMH maintains industrial jobs in France. Moreo-
ver, thanks to the steady growth of its brands, many
jobs, particularly in sales, have been created in most
of the countries in which the Group is present. 74%
of the workforce is employed abroad, essentially in
the retail networks of North and South America and
Asia-Pacific.
France 19,044 26%
Rest of Europe 16,245 23%
United States 16,136 23%
Japan 4,929 7%
Rest of Asia 13,084 18%
Other markets 2,447 3%
Total 71,885
* Total workforce (regular and temporary personnel) as at December 31, 2007
2007 LVMH
55
ing talents – Committing values
Workforce*
by business
group
Workforce*
by geographic
region
Develop excellent teams