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Investing in our people

and development of human capital

enabling us to retain our competitive

advantage over time. The new strategy

laysthegroundworkfirstlyforthecreation

of innovative tools and means oriented

towards harnessing engagement and

passion, which are key to success, and –

secondly – for the guaranteed consistent

application of tools and means for talent

development and heightening Costa

people’s awareness of their importance

within the organization.

In a constantly evolving global context,

the ability to interpret and respond

with adequate flexibility to the new

challenges posed by the market and by

the significant developments taking place

in the cruise industry requires highly

motivated people geared to change with

the right skills to fill key positions within

the organization.

The goal of Costa Cruises’ new

People

Strategy

is to integrate into its business

model the vital features of management

NEWS L E T T E R

COSTA

November2015

A

t the startof this year’s edition,NeilPalombapromisedus a

new type of fast-paced convention,based on adifferent ap-

proachand–whynot?–onamore lighthearted formof so-

cial interaction:here’show itwent…

Onceagain thisyear,all theCostaCruisesDirectors fromallover the

world assembled for the end-of-year convention, renamed

“Costa

Cruises Management Days”

, which was held using an innovative

ship&shore formula:ondayone thevenuewasourGenoaHeadOf-

ficewhileonday two the locationwasourflagshipCostaDiadema.

This traditionalmeetinghasalwaysbeenanopportunity tocompare

noteswithcolleaguesfromCostaCruises’officesworldwide,cowork-

erswhootherwiseseeeachotherrarelyduring theyear. It’sachance

toassess togetherhowwehaveworked,sharestrategiesfor thecom-

ingyearsanddiscussawiderangeofshoresideandshipboard issues,

in relation to the increasinglyambitiousobjectives that theCompany

invitesus to fulfill.

At this year’s edition, proceedings kicked offwith theCostaGroup

CEOMichaelThammwho, togetherwithourPresidentNeilPalom-

ba, provided an economic and strategic overview of theCompany,

whichhasperformedwell in2015despite themanydifficultiesand

the unfavorable political

situation.We

’ve confirmed our position of

leadership as ahighly successful keyplayer in the industry.Michael

Thamm also congratulated everyone on the efficiency of our ship-

boardandshoresideorganization,andconfirmedmajor investments

in theCostaCruisesbrand, alongwith a large-scaledigitizationplan

thatwillbringhugebenefits forallofus.

CostaCruisesManagementDays2015 tookplaceonNovember19&20 inourGenoa

Headquartersandonboard theQueenof theMediterranean

“Testing our limits”

Motivation, commitment and above all a sense of responsibility are essential for

the purpose of creating the right work environment for fulfillment of objectives

and targets. This was the thinking behind our information and engagement

plan for Costa’s shipboard and shoreside employees; the aim is to illustrate the

corporate strategy and ensure that each person fully appreciates the importance

of their role vis-à-vis the various initiatives envisaged. The plan is based on

extensive use of the intranet portal

CostaPlanet

and of the shipboard TV channel,

backed up by meetings with senior management representatives directly involved

in disclosing details of the key elements of Costa Cruises’ strategy.

Communication and interaction with our human resources is vital also for the

purpose of sharing values and results as well as information about the product.

Two-way dialogue with shoreside and shipboard employees takes place bearing

in mind the great cultural diversity of the workforce and promoting the exchange

of experiences and suggestions, this being a prerequisite for change and

innovation.

Engagement leads to interaction

INCORPORATION

OF THE NEW

LEADERSHIPMODEL

ALIGNMENT OF PERFORMANCE MANAGEMENT

SYSTEM, TRAINING METHODS AND

DEVELOPMENT POLICIES

RECOGNITION

AND DEVELOPMENT

OF TALENT