Focused Management
Our organisational philosophy within Diploma, is to develop strong, self-standing management teams in the operating businesses, committed to and rewarded according to the short and long term success of their businesses. Our small corporate team focuses on strategy and financial control.
The development of strong managers and management teams remains a priority for us and is key to the successful implementation of our strategies. We need to maintain and develop a group of managers with the potential to manage aggressive growth strategies. Importantly they must be able to motivate their staff and engender in them the same commitment.
To achieve this we concentrate on ensuring a challenging work environment and appropriate reward systems. Balanced compensation packages are a combination of competitive salaries, annual bonuses and long term incentive plans targeted at the individual business level.
The total cadre of ca. 50 senior managers in the operating businesses, demonstrate a good blend of energy, ambition and experience. The average age of these managers is 45 and they have an average length of service within their companies of 10 years. Key statistics for the broader workforce are summarised below.
