Our People Strategy centers on building the best talent in the industry. We aim to attract the best people, develop them to reach their full potential, and engage them every step of the way. Our core values of respect, professionalism and perseverance are embedded in all that we do, and provide the foundation for achieving a diverse, talented and high-performing workplace.
The Ericsson core values—perseverance, professionalism and respect—guide all that we do, and form the basis of how we demonstrate leadership. We see all of our 110,000 employees as leaders. We also expect our managers to lead, not just manage, by providing proper feedback, setting clear goals and being good communicators.
We constantly re-examine the leadership competencies needed to lead our business. As our business reality evolves, so do our definitions and demands on high-quality leadership. A rigorous annual process identifies, assesses, and develops people to assume strategic roles in the company. We continuously review our leadership pipeline to ensure we are developing the right leadership competencies and capabilities at all levels of the organization.
A diverse workforce is strong, competitive, innovative and resilient. Ericsson has a focused strategy aimed at ensuring that our employee base and our leadership teams are as diverse as the world in which we operate. While we focus on enhancing diversity from many different perspectives, a particular effort has been made over the past few years to increase female representation in leadership role.
Our competence development programs prepare our people to meet the challenges of an industry experiencing dramatic technological shifts. Through classroom or online learning, employees constantly acquire knowledge and evolve new competencies, with learning plans agreed and documented in individual performance plans.
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