Learning and development
Advancing our strategic objectives depends on our ability to attract, retain and motivate smart people. We therefore provide our employees with the opportunities, experience and training to achieve their potential and grow their knowledge, skills and capabilities.
We encourage employees to take responsibility for their own development, working with their line managers to devise personal development plans to support the achievement of their individual aspirations, consistent with 3i’s objectives.
Given the specialised nature of many of the roles in 3i, an emphasis is placed on work-based learning, with the provision of development opportunities supported by appropriate training and mentoring. This is supplemented by formal courses conducted both internally and externally and usually with a multinational group drawn from across the countries in which 3i operates.
During the year to 31 March 2022, we provided formal specialist training on areas and skills including: leadership skills; executive coaching; financial modelling; presentation and communication skills; speed reading; impact and gravitas; virtual presentation training; interview skills; and sustainability.
Our investment executives regularly receive education on issues of wider topical interest and impact. Last year, this was focused on the implications of an inflationary environment and of supply chain bottlenecks on our portfolio, as well as on cyber security.
We organised periodic induction sessions (both virtual and in person) to welcome new joiners, with presentations from the Chief Executive and other senior executives on different areas of the business. Our induction process was enhanced in the year with the allocation of a buddy and mentor to new joiners. The buddy and mentor programme has been well received and proved particularly helpful to employees who joined when our offices were closed as a result of the Covid-19 pandemic.
Key to personal development for all employees is a formal annual appraisal process, where performance is measured against agreed objectives and against 3i’s values to inform decisions on remuneration, career development and future progression. Employees are encouraged to make use of an online facility to obtain 360-degree feedback as part of this process. All employees receive formal performance assessment and objective setting reviews with their managers annually and may receive informal reviews throughout the course of the year.