SustainabilityReport 2023 high - Flipbook - Page 26
3.4.1. Employees, diversity, and equal opportunities
We try to create a good work environment and equality
for all employees. We want to have a welcoming, safe
and motivating work environment. To achieve this, we
have a well-de昀椀ned company culture, we introduce
our new employees to the values and culture, and we
have follow-ups with our employees.
NUMBER OF EMPLOYEES
During 2022 and 2023 we highlighted the importance
of a good and safe work environment, by further
developing and implementing anti-discrimination and
anti-harassment policies as well as implementing a
whistle blower policy in all three companies.
During 2023 the personnel turnover decreased on a
total level to 18,6% thanks to a decrease in Steelwrist
while remaining relatively 昀氀at in SVAB and Sjørring.
COMPANY CULTURE
We believe, having a good company culture contributes
to employees wanting to invest their time and e昀昀ort
into making the company even better. Our culture
is based on a number of building blocks made up of
hard and soft factors. Hard factors, include systems
and structure, competence levels, performance
appraisals and operational development procedures.
Soft factors, include communication styles, shared
values, degree of strategic consensus, decision making
processes, cooperation, and leadership styles, which
are all even more important when paving the way for a
good culture in an organization.
The core values in the three daughter companies are
very much related although not exactly the same.
We have a de昀椀ned and communicated culture that
is characterized by a high involvement and teamoriented approach with short decision paths, open
communication, discussion about what is right instead
of who is right and focus on how to learn rather than
who to blame. Discussion comes before decision and
once a decision is made, we push towards a common
goal. We obviously also have de昀椀ned policies,
instructions and routines which together form the
foundation for how our operations are performed.
Communication is based on the rule “Be HOT (Honest,
Open, Transparent), don’t guess and remember there
is always another perspective”. Steelwrist core values
are Responsiveness, Simplicity and Speed whereas
SVAB use the core values Trust, Innovation and Action
and Sjørrings core values are Flexibility, Quality, and
Reliability with the slogan to be “IN FRONT” promising
an innovative approach to everything they do. Each
core value has a more elaborate meaning which is
de昀椀ned in our company culture presentations.
OUR CO-WORKERS, DIVERSITY,
AND EQUAL OPPORTUNITIES
Co-worker involvement and possibility to in昀氀uence is
an important part of Terratech’s culture and each coworker’s individual drive is one of the cornerstones to
the fact that Terratech over the last years have been
one of the fastest growing industrial companies in
Sweden.
In total the number of employees remained almost
昀氀at between 2023 and 2023 but in the graph above
the big increase in 2023 is mainly coming from the
incorporation of Sjørring in Terratech as well as
growth within Steelwrist and SVAB. Terratech is an
organization with co-workers from many di昀昀erent
nationalities. We take pride in diversity and we have
a wide variety of backgrounds among our co-workers.
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