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An engaged, committed, and motivated workforce lays the ground for value creation.
Employee engagement depends on the company’s ability to create an empowering working environment and on the employees’ motivation to contribute to the company’s goals. It is important to attract and retain talent, as a lack of competent employees can pose a business risk for the Group companies.
In Sampo Group, employee engagement is measured by employee turnover and employee satisfaction. Turnover is calculated and reported on a group level and on a company level. Employee satisfaction surveys are used at a company level to measure employee engagement and employee satisfaction. These surveys are conducted at company level to ensure the suitability of the surveys for each Group company and their individual needs and characteristics.
In Sampo Group, the employee turnover rates are at a reasonable level. Employees have typically enjoyed working in the Group companies, and periods of employment have been long. There are, however, business areas in which the turnover is higher, mainly due to the nature of the business or the situation in the labor market.
As at December 31, 2020, the number of Sampo Group employees (full time equivalent, FTE) was 13,178 (9,927). The number of personnel increased significantly compared to the previous year due to the acquisition of Hastings, as well as Viking and Vertikal Helse becoming part of If.
|Number of Employees (FTE),
31 Dec 2020
|If P&C||Top-danmark||Hastings||Mandatum Life||Sampo||Total||% of total|
|% of total||54.03%||18.64%||22.50%||4.31%||0.52%||100.0%|
Number of Employees (FTE) by Company, Sampo Group, 31 December 2020
Number of Employees (FTE) by Country, Sampo Group, 31 December 2020
Employee Turnover by Company (%), Sampo Group, 2020
|Employee Turnover by Country (%), Sampo Group, 2020||2020|
More information in Sampo Group’s Corporate Responsibility report, p. 79.