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Managing Cyber Risk through Return on Security InvestmentIn an Aon special report, Helping Organizations Chart a Course to The New Better, Aon reveals exclusive research on the issues rising from the COVID-19 crisis and methods of re-introducing fundamental aspects of society and the economy: working, traveling and convening.
As part of this new report, leading global businesses and innovative thinkers reveal their strategies and action plans as they make their way to a New Better.
Here’s Merck KGaA’s story.
The workforce of Merck KGaA¹ (“Merck”) includes more than 56,000 people in 66 countries working across healthcare, life sciences, and performance material. As the company was managing through the immediacy of the pandemic, leadership teams identified crisis best practices being developed that would ultimately shape the “Future of Work” program at Merck.
“We are a very purpose-driven, pragmatic company,” says Alexis Saussinan, Global Head of Strategic Workforce Planning People Analytics. “We want to make meaningful and lasting moves, aligned with our DNA.”
To enable long-lasting change, Merck ensures data serves as the foundation for its strategy. As the company started building the program, it used a range of internal and external data, market trends, and interviews with executives, board members and the crisis management team to help build a complete picture of what was needed.
Four guiding principles shaping its “Future of Work” program were determined: increased work flexibility; sustaining trust and collaboration beyond boundaries; accelerating data and technology in must-win areas; and, lastly, continuing to evolve its leadership culture – including further developing virtual leadership skills, empathy and empowerment.
The company also brought together various business areas for best practice sharing, visibility and transparency, to reach larger objectives — from managing data security and cyber in the virtual world to sustainability to best-in-class digital customer experiences.
Along these principles, five strategic people work priorities were developed:
Culture and collaboration are key to the successful implementation of Merck’s program. “Merck has a very strong and unique culture, and that’s the reason for our success,” says Saussinan. “Our response to the crisis is rooted in our DNA, because we care about our people, patients and customers.”
¹ Merck KGaA is listed German multinational science and technology company headquartered in Darmstadt, Germany. Its majority owners are still the descendants of the founder. Founded in 1668, it has more than 56,000 employees across 66 countries as of 2020.
This case study originally appeared with the special report, Helping Organizations Chart a Course to The New Better. Check out the full report for defining moments of the pandemic, case studies of leading companies navigating change, key insights, and more.
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