Professionalism, respect and perseverance are our core values, defining how we treat each other, our customers and our business partners. These values form the basis for our Code of Business Ethics, an umbrella summary of governance policies and directives. All employees must periodically review the Code, acknowledge that they understand its contents and rigorously follow its spirit in their daily work.

Competence building is an integral aspect of business strategies, and employees on all levels have individual competence mapping to help guide their career development. Employee remuneration is determined on the local level, and both short- and long-term incentive plans are applied as a tool to achieve defined business targets. Health and safety issues are also among the labor practices that are developed at the local level. Dialog, Ericsson's employee satisfaction survey, draws a cohesive picture of the views of our employees around the world and allows us to gauge our performance as a company.