What we do
We continuously build and foster a culture that enables our employees to become the best version of themselves.
The topics that we find important:
- Compensation and benefits
- Diversity and inclusion
- Employee engagement
- Health and safety
- Human rights and labor rights
- Training and development
- Working hours
Our efforts to provide a good working environment contribute to SDG 5 (Gender equality) and SDG 8 (Decent work and economic growth). We have policies in place on gender equality and create a decent and safe working environment for more than 4,300 employees worldwide.
Compensation and benefits
Compensation and benefits are pivotal pillars for organizations in both attracting and retaining talent and fostering employee satisfaction. Fagron, recognizing the significance of these factors, not only generates job opportunities but also ensures that every employee receives sufficient wage. This supports the local economies and communities where Fagron operates.
Our targets:
- All employees earn an adequate wage by 2026.
- Median base pay, variable pay, and benefits for all employees are benchmarked against the market by 2030.
- All employees have access to Fagron Global Standard Benefits by 2030.
Diversity and inclusion
A diverse workplace drives innovation, creativity, and problem-solving. At Fagron, we have diverse teams and value every individual’s unique contribution. We believe in equal opportunities, irrespective of gender, age, sexual orientation, nationality, ethnicity, or other personal characteristics. With mutual respect, we collaborate in teams with diverse backgrounds and talents in a pleasant, safe, and inclusive work environment.
Our targets:
- 50/50 male/female representation at all management levels1 by 2030.
- At least one-third female representation in top management by 2025 and 40-60% by 2040.
- A gender pay gap between -5% and 5% across all management levels by 2030.
Employee engagement
Fagron firmly believes that engaged employees are not only more likely to be productive but also exhibit higher performance levels, ultimately not only contributing to individual satisfaction but also to the overall success of Fagron. We are therefore dedicated to ensure that our people feel valued and value the work they do.
Our target:
- By 2030, all Fagron companies aim to achieve a sustainable engagement score above the country norm.
Health and safety
Fagron continuously ensures that our people can perform their work in a clean, orderly, and safe environment. There is a zero-tolerance policy towards actions that could endanger the health and safety of our employees and others. By proactively addressing or resolving identified risks, we strive to prevent or minimize injury and damage to the health of our people.
Our annual target:
- Zero fatalities and zero serious, long-term, or permanent work-related injuries.
- A 95% participation rate in annual health and safety training by 2030.
Human rights and labor rights
At Fagron, we believe in treating everyone with respect and fairness. We find it important to create a good work environment for all our employees. Fagron is committed to preventing the violation of human rights and labor rights at all our facilities worldwide.
Our targets:
- Zero tolerance for slavery, forced labor, and child labor, and respect for freedom of association and collective bargaining.
- Zero tolerance for discrimination, intimidation, abuse, or any behavior that may be considered as intimidating, offensive, or discriminatory.
Training and development
We firmly believe that encouraging employee development contributes positively to both our company’s performance and employability and job satisfaction of our people. By providing training and career opportunities, we not only enhance employee retention but also increase the overall quality of the work delivered. The investment in our employees enables them to improve their capabilities, subsequently improving their employability. Furthermore, personal development generally translates into increased job satisfaction, empowering growth and fulfillment within the organization.
Our annual target:
- By 2030, 95% of employees participate in an annual career development and performance review.
Working hours
At Fagron, we prioritize ensuring that employees do not structurally exceed their contracted working hours. Ensuring reasonable working hours not only enhances employee happiness but also mitigates the risk of occupational health and safety incidents. By affording our employees the time to balance work and life, we aim to provide the opportunity for a fulfilling social life outside of the workplace.
Our targets:
- The standard Fagron workweek is a maximum of 44 hours per week and 8 hours per day.
- For employees in Korn Ferry grade levels 1 to 14, the maximum number of working hours per day, including overtime, is 10 hours.
- Overtime for employees in Korn Ferry grade levels 1 to 14 is always compensated, either through time-for-time or financial compensation.
