Festo as an employer Our goal is to entice new talent and offer our existing employees an attractive working environment. Our corporate culture at Festo plays a key role here. It forms the foundation for respectful interaction, lifelong learning, and collaborative growth within the company. Our ongoing project is to continuously develop this culture by implementing targeted programs. Mobile working, a modern digital infrastructure, and innovative, collaborative room concepts empower our employees to organize their work individually with a high level of self-determination, and in consultation with their line managers. This approach allows us to respond to the needs of our employees in the different phases of their lives by offering flexible working hours, such as part-time working, parental leave, or care leave. These options extend beyond the models regulated by law in some countries. Our working model helps employees to reconcile work and private life, and it promotes a forward-looking work environment in the digital age. Remuneration and benefits In addition to fair overall remuneration, Festo offers all employees in Germany – regardless of whether they work full-time or part-time – attractive benefits. In 2024, we structured these benefits in the revised Festo Benefits Framework under the slogan “Be.Well Do.Well”. They comprise the following: Remuneration and benefits – Company pension scheme – Programs for permanent or temporary changes of job location within Festo global – Subsidized canteens or meal allowances at our branch offices – Discount on public transport in Esslingen – Bicycle leasing with an employer subsidy – Leasing of an (electric) company car for employees not covered by collective wage agreements – Price reductions for various discount portals and from regional partners Work-life balance – Self-determined and flexible working – Special leave (e.g. wedding, moving home, or birth of a child) – Social benefit fund for special financial burdens (“rainy day fund”) – Family services and social counseling from external consulting partners – Places in nurseries for children of employees – Holiday childcare for employees’ children Health – Workplace health promotion with a wide range of preventive services – Company sports clubs and leisure groups Lifelong learning – Training (in-person and online) and innovative learning opportunities – Development programs for management – Scholarship programs for students (e.g. IT scholarship, women pursuing technical master’s degree) – Student loyalty scheme for former interns Team culture – Comprehensive onboarding program – Networking events for employees (e.g. after work) – Creative spaces Festo as an Employer For the past 100 years, our employees have shaped the success of Festo. Our ideas, diversity, and innovative force are the driver – for sustainable solutions and a strong community. Martin Kimmich, Head of Global HR Center of Expertise at Festo Festo SE & Co. KG Sustainability Report 2024 Festo SE & Co. KG Sustainability Report 2024 2. Social 32 33
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