Frontline Talent of the Future Initiative 2024

14Impact Change story Talent innovations In recent years, Flex, in the small Austrian town of Althofen , faced significant challenges that prompted us to further invest in talent. Demographic changes led to a shortage of skilled workers, driving fierce competition for talent, particularly in technical and commercial areas. We identified root causes and developed tailored solutions to enhance managers' skillsets, employee engagement, and career development pathways. Our focus aims to create a supportive, efficient (overtime reduction), and safe work environment that attracts top talent and fosters long -term retention and satisfaction. Apprentices at our training center doubled, and employee skills improved through development programs. We collaborated with the commercial academy to align training with industry needs. A good company has become excellent, creating a secure and attractive workplace that can compete beyond a small town in Austria.Over 1000 apprentices trained yearly in electronics, encouraging women, creating a skilled talent pipeline Trainee to technician, train potential technicians in six months, enhancing careers and company’s future Application Tracking System implemented for quick applications, feedback, reports, and brand strengthening First Industry High School in Austria established vocational schools, recruit skilled specialists, improved hiring efficiency, reduced training Developing competencies model implemented to track skills, react to demands, enhance satisfaction, and improve automation Leadership Community was established to support managers, enhance retention and satisfaction, share best practices, provide mentoring, and offer specialized trainingParticipant Stories Flex overcomes Talent Shortages with Strategic Skill Development and Enhanced Career Pathways 60% decrease in attrition 20% increase in the number of apprentices 85% decrease in absenteeism 26 days reduced time to fill