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We can only achieve our strategic objectives if we continue to attract, retain and develop capable people. We therefore provide our employees with the opportunities, experience and training to contribute to the success of the organisation, realise their potential and develop their knowledge and capabilities.
We encourage employees to take responsibility for their own development, working with their line managers to devise personal development plans to support the achievement of their individual aspirations, consistent with 3i’s objectives. Given the specialised nature of many of the roles in 3i, an emphasis is placed on workbased learning, with the provision of development opportunities supported by appropriate targeted training and mentoring. This is supplemented by formal courses conducted both internally and externally and usually with a multinational group drawn from across the countries in which 3i operates.
In FY2024, we provided formal specialist training on areas and skills including value creation, presentation and communication skills, climate change and human rights. We also offered executive coaching for some employees. Our investment executives regularly receive education on issues of wider topical interest and impact. For example, our sustainability professionals delivered a number of training and information sessions on sustainability.
Some of our employees have access to the Sama Professional Coaching app, which provides individual personal career coaching by experienced, credentialed executive coaches, all DEIB trained.
We also have comprehensive induction plans for all new joiners, including sessions with different teams across the business to help facilitate integration.
This year, we held a two-day conference for our global support team, in recognition of the critical contribution of our executive assistants and support staff to our business. The conference provided a great opportunity to share knowledge and best practice and to build relationships and networks to facilitate better collaboration across the business. It also provided a forum to reflect on how we capitalise on developments in digitalisation and technology post pandemic. During the conference, we launched a dedicated learning hub, facilitated by an external provider, providing tools for our support teams to enhance their skills and own their professional development.
Our formal appraisal and objective setting process, held annually for each employee, is key to their personal development. During this process, we measure each employee’s performance against their agreed objectives and 3i’s values to inform decisions on remuneration, training, career development and future progression. We encourage employees to make use of an online facility to obtain 360-degree feedback as part of this process.