Covestro named Top Employer in China
SHANGHAI,Dec. 4,2018 -- Covestro China is proud to announce that it has been certified as a Top Employer in China,winning the prestigious accolade for the first time,for its exceptional employee offerings in its largest country market.
The materials manufacturer,which became independent in 2015,was honored by the Top Employers Institute,the global HR certification company,at a gala dinner in Shanghai on December 3.
"We are very proud to be recognized as a Top Employer in China. This acknowledgement is a strong confirmation of Covestro as an employer of choice,after just three years since inception," said Bjoern Skogum,President of Covestro China. "The women and men of Covestro are our most valuable asset,and we always strive for a modern and future-oriented working environment that enables and motivates our employees to achieve their full potential."
In achieving the Top Employer certification,Covestro China's HR practices were assessed by analyzing topics ranging from talent strategy,learning and development,and performance management to compensation and benefits as well as company culture.
Multiple workplace programs
Covestro has initiated various workplace programs in China since it went independent,aiming to create an environment that empowers and develops employees.
For example,in 2017 Covestro initiated a trainee program designed to nurture a talent pipeline for core positions in production and technology,at the Covestro Integrated Site Shanghai,the company's largest production site worldwide. Successful candidates are provided with a three-year program that enables them to learn and develop via training,mentoring and job rotation,so as to fast-track their career. In another example,Covestro has been organizing the Development Forum,aimed at unlocking the employees' full potential by connecting people-development with the fast-changing business environment. A total of 14 forums were held since October for this year's program,focusing on innovation and digitalization,across five Covestro locations in China,with both internal and external speakers.
"At Covestro,we believe it is our employees' impact that makes the difference. We will continuously strengthen people engagement,leadership development,and employee capability while building up a Covestro culture," said Lesley Lin,Head of Human Resources,Greater China,Covestro. "With this Top Employer certification,we can now better measure ourselves against other companies and excel while going forward to make Covestro an even brighter place to work."
Nicole Jin,Country Manager China for the Top Employers Institute,said,"Our certification provides the most objective recognition for participants' contribution to their people and to the business. Through this year's research,we conclude that Covestro demonstrates an outstanding talent strategy,especially their leadership development."
About the Top Employers Institute:
The Top Employers Institute is the global authority on certifying excellence in employee conditions. We are dedicated to accelerating the impact of people strategies to enrich the world of work through certification,benchmarking and connecting Top Employers around the world. Throughour certification program,we enable organizations to assess and improve their workplace environment. Established more than 25 years ago,the Top Employers Institute has certified over 1,300 organizations in 115 countries. These Certified Top Employers positively impact the lives of over 5,000,000 employees globally. Interested in becoming a Certified Top Employer or want to learn more? Visit theTop Employers Institute website.
About Covestro:
With 2017 sales of EUR 14.1 billion,Covestro is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive,construction,wood processing and furniture,and electrical and electronics industries. Other sectors include sports and leisure,cosmetics,health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,200 people (calculated as full-time equivalents) at the end of 2017.
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Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks,uncertainties and other factors could lead to material differences between the actual future results,financial situation,development or performance of the company and the estimates given here. These factors include those discussed in Covestro's public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
