GRI 103-1 Explanation of the material topic and its boundary
SFS strongly supports employee training and education. This material topic is embedded in SFS Group’s strategy, which underscores the high importance accorded to this topic by company management. The Group's strategy commits SFS itself to a long-term partnership between employer and employee, underpinned by a strong emotional connection and mutual trust. Employees take responsibility, they live and support SFS’ corporate culture and values, and strive for continuous improvement. SFS views its innovation capacity as a key element in ensuring its sustained success. Consequently, SFS’ Corporate Principles also state that these goals are to be achieved by, inter alia, fostering a highly skilled workforce. SFS is committed to employee empowerment and to growing and developing employees’ professional competence. Dual education is also vital to SFS’ efforts to maintain and expand its competencies in its core production technologies, as this system is an effective means of selectively building and developing an internal pool of skilled workers.
The disclosures below are based on data that covers approximately 85% (2019: 88%) of the company’s workforce. Employees whose work is supervised by SFS, but who do not have a permanent employment contract with SFS (temporary employees) are not covered in these disclosures. Data on the companies acquired in 2019 (MBE Moderne Befestigungselemente GmbH and Firma Truelove & Maclean, Inc) was not integrated into the reporting process for the year under review. Furthermore, the roll-out of uniform reporting processes to every site has not yet been completed. The survey results reported for each site are based on the applicable site-specific legal basis.
The means and methods by which SFS promotes training and development are determined locally by each site or at the respective country-level subsidiary. In Switzerland, for example, a country-wide Group document defines the scope and content of training and development policies, the financial support and paid leave provided for training purposes, and repayment obligations.