Frontline Talent of the Future Initiative 2024

Page 17 of 18 · WEF_Frontline_Talent_of_the_Future_Initiative_2024.pdf

17Impact Change story Talent innovations To meet global market demands, the plant needed to strengthen its workforce with advanced technical skills and create an ecosystem for nurturing and retaining talent. The plant’s remote location made recruiting for key roles challenging, so the focus shifted to upskilling and reskilling the internal workforce: Internal talent was nurtured through the Open Talent Market (OTM) platform, enhancing technical and functional skills Talent retention was prioritized through career enhancement, rewards strategies, and engagement initiatives like local festivals, team events, well -being programs, onsite daycare, and recreational activities The Competency Management Execution Tool (CoMET ) platform was leveraged to build necessary talent capabilities. The workforce was prepared for the future by focusing on digital and technological skills. The CoMET BeGreen initiative ensured certified experts in key technologies at every plant. Direct Labor Productivity: Labor hours spent on production were compared year -over-year.Competency Management Execution Tool, a digital platform that assesses, develops, and tracks job -specific technical competencies Operators to Associates, the scientific assessment center identifies potential for white - collar talent development Open Talent Market and mentoring portal (AI - Powered Platform) that connects employees to global positions and mentorship Electrifier Program supports global SME/Technical careers through rigorous assessment and certification Digital Employee Engagement in continuous improvement through the Idea & I See I Do Scheme , which enables operators and associates to participate in the suggestion scheme, fosters a continuous Improvement culture using Digitized Idea and SIM Systems (DISS)Participant Stories Schneider Electric boosts global market readiness through internal upskilling and talent retention initiatives 41% increase in digital competency +11% OEE improvement 8% decrease in attrition rate 6% improvement in engagement
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