Investor Relations

People development 2014

Yara’s People Strategy focuses on talent development, talent acquisition and a performance culture – delivered through good people management.
People development

The strategy impacts four areas that are critical to driving business outcomes; performance, engagement, retention, and attraction.

Retaining and attracting talent in a competitive talent market have a strong positive business impact. Yara therefore works actively to create better visibility on career opportunities for employees while at the same time developing tools that provide better visibility of available talent in the company, enabling Yara to prepare for future business needs.

During 2014, a new employee engagement survey called Yara Voice was launched. Results showed a good engagement level especially within key areas where Yara has devoted considerable resources over the past few years, such as Safety and Ethics & Compliance. In other areas, the survey indicates that there is room for improvement compared with external benchmarks. The Yara Voice results help managers in prioritizing actions to engage employees and to drive improvements in the organization.

Yara is committed to promoting diversity, including gender diversity. The chemical industry and fertilizer industries are historically male dominated and the share of women employed by Yara has been close to 20% in recent years. In 2013, Yara established short and medium term ambitions to increase the proportion of women in key management positions, aiming to increase the overall proportion of women employed by Yara from 20% in 2013 to 23% by 2017. At the end of 2014, the percentage of women in this population was 22%.

At the end of 2014, Yara had 12,073 permanent employees worldwide, an increase of 2,314 (23.7%) compared to the previous year. The largest increase was in Latin America reflecting the acquisition of OFD which involved onboarding more than 1,000 employees in six Latin American countries. Focus on integration of newly acquired companies has therefore been a priority in 2014 and will continue to be so in 2015.

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