Volvo Group awarded as one of the 2020 World’s Best Workplaces10/13/20
Today the Great Place to Work® Institute and Fortune have revealed their annual list of the 25 World’s Best Workplaces that stand out for creating globally exceptional employee experiences, high-trust relationships, and workplaces that are fair and equal for all. Volvo Group was selected out of over 10,000 organizations that participated in the survey process, representing the voices of 10.2 million employees in 92 countries. Its winning culture thrives on fostering strong connections and meaningful work.
Volvo Group counts almost 100,000 employees and its strong culture is what unites them across continents and 12 different brands. Many Volvo Group entities around the world received Great Place to Work certification in 2020, including Volvo Financial Services in Brazil, Canada, Chile, China, Italy, Mexico, Poland, Sweden, U.K. and the U.S., as well as Volvo Penta in the U.S., Volvo Construction Equipment in Argentina, Volvo Group Brazil and Volvo Group Italy.
“We are truly honored and deeply humbled to be receiving the World’s Best WorkplacesTM award,” said Marcio Pedroso, president of Volvo Financial Services, where almost 80% of employees work in a market recognized by Great Place to Work. “Our winning culture thrives on open dialogue, equality and fairness. This creates opportunities for employees that are important to their personal growth and engagement at work.”
More than 90 years
While some companies boast an inspiring purpose, innovation, or a strong culture with growth opportunities and fair compensation, it is the combination of these offers that has set the Volvo Group apart for more than 90 years.
The cultural effects are evident at Volvo Group University, an in-house learning center. Since the pandemic began, the university has offered webinars on such topics as setting up an effective home ofﬁce, practicing better self-care, navigating change, and more.
“We want to help employees do their best in an environment they’re not necessarily used to,” says Pedroso. “This positively impacts our business performance, because employees see we care about their well-being.”
Making a difference in the community
Volvo Group employees are also deeply passionate about making a difference in the community, which has been more important than ever during the pandemic. A few ways the company supported front-line heroes and people in need worldwide include:
- Monetary donations to Red Cross International and the United Way;
- Producing and donating personal protective equipment (PPE) to local healthcare professionals in Europe, North America and China;
- Donating R&D expertise for ventilator development in the U.S. and electric motors for ventilator production in Belgium;
- Offering free meals to truck drivers delivering essential supplies in Poland and the U.S.;
- Donating groceries to unemployed and migrant workers and their families in South America;
- Food and laptop donations for families and for students in the U.S.; and
- Free truck deliveries of needed supplies to several charities with local and global reach.
Shaping the future
Volvo Group counts amongst the World’s Best WorkplacesTM not only for the way it has met the historic challenges of the past year but also for how it is shaping the future. In 2019 alone, the Volvo Group spent $2.1 billion on R&D, including investments in transformative technologies with the goal of shaping a better world.
“Every day and across all of our 12 great brands, our employees are engaged in developing sustainable future solutions that are essential for any society to prosper,” says Martin Weissburg, Chairman of Volvo Group in North America and President of the Group’s Mack Trucks brand. “The bottom line is connections and meaningful work inspire people to work harder for their colleagues and their customers. It’s what motivates them to go that extra mile”, he concludes.
Find out more about Volvo Group culture and working environment.
About the World’s Best WorkplacesTM:
The annual World's Best WorkplacesTM list recognizes organizations around the world that stand out for creating globally exceptional employee experiences, high-trust relationships, and workplaces that are fair and equal for all. Introduced by Great Place to Work®, the global authority on workplace culture, and Fortune, the World’s Best Workplaces list is published here: https://www.greatplacetowork.com/best-workplaces-international/world-s-best-workplaces/2020
The World’s Best Workplaces™ Virtual List Reveal & Celebration took place online on October 13. To watch its replay, visit greatplacetowork.com/wbw-live.
To be eligible for the World's Best Workplaces list, a company must be named to 5 or more national Best WorkplacesTM lists, have 5,000 employees or more worldwide, and at least 40% of the company's workforce (or 5,000 employees) must be based outside of the home country. Additional criteria also apply.