Porsche 2006 Annual Report Download - page 102

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Employees The bonus of 5,200 Euro awarded to Porsche
employees is exceptional for German industry.
It expresses the company’s recognition of
the outstanding motivation and performance
shown by the workforce, whose enormous
commitment has made a significant contribution
to Porsche’s success.
The willingness of Porsche employees not to take achievements for granted, but
rather to continue searching for improvements, lays the foundation for Porsche’s
success. A positive corporate culture and a high level of employee satisfaction
complete the picture. Employees identify themselves with the products, they have
faith in the effectiveness and integrity of the management and they are stakeholders
in the company’s success. Every full-time employee of Porsche AG who joined the
company before August 1, 2006, received a voluntary bonus of 5,200 Euro, in
addition to the annual salary of 13.7 monthly payments (including holiday allowance
and a Christmas bonus above agreed rates). Last year the employees received
3,500 Euro plus 300 Euro for the corporate pension scheme.
The number of employees in the group continues to rise as Porsche extends its
range of models and as business becomes even more international. On July 31, 2007,
the cut-off date for the fiscal year, 11.571 people were employed by the group –
187 more than the previous year. Recently the group has been looking to recruit
engineers, industrial engineers and managers. The need for qualified academics
was high, not only in Vehicle Development and Quality Management, but also in
Purchasing, Production and Logistics, Sales, Marketing and After Sales. The con-
sultancy companies Porsche Consulting GmbH and Mieschke Hofmann und Partner
(MHP) were also on the lookout for more specialists as they continued to grow.
Internal communication was significantly improved in the 2006/07 fiscal year
thanks to the redesign of the Porsche intranet. Information about the company
available to employees now has a stronger thematic focus and orients more
closely to specific target groups. Following a successful pilot phase it is planned
to develop the new intranet further over the course of the current fiscal year.
Targeted Development of Talent
For many years now, Porsche has successfully brought young academic talent into
the company by offering internships and apprenticeships. This year saw the launch
of the Porsche Talent Network which aims to ensure the concept remains success-
ful in the future. The Talent Network is a computer-based system which provides
special support for promising candidates. During the current 2007/08 fiscal year,
talent management will be extended to the ‘professionals’ target group so that
effective recruitment can be ensured in this field, too.
Porsche is attracting more young people than ever before, with several studies
again confirming the excellent reputation Porsche enjoys as an employer.