Article: Top 10 MNCs in Asia-Rank 9: Estee Lauder

#AsiasBestWorkplaces2015

Top 10 MNCs in Asia-Rank 9: Estee Lauder

Estee Lauder has an open talent system for its employees to gain experience across portfolios
Top 10 MNCs in Asia-Rank 9: Estee Lauder
 

Headquarters: New York City, New York, USA

 

CEO: Fabrizio Freda, No. of employees: Over 42000

 

The Estée Lauder Companies Inc. is an American manufacturer and marketer of prestige skincare, makeup, fragrance and hair care products. The company has its headquarters in Midtown Manhattan, New York. The company began in 1946 when Estée Lauder and her husband Joseph Lauder began producing cosmetics in New York City. Year over year, The Estée Lauder Companies Inc. has been able to grow revenues from $10.2 billion in 2013 to $11.0 billion in 2014. Most impressively, the company has been able to reduce the percentage of sales devoted to selling, general and administrative costs from 64.79 per cent to 63.69 per cent, which led to a bottom line growth from $1.0 billion to $1.2 billion in the last year.

The Estée Lauder Companies Inc. is a family company that recognizes people as its most important asset. It seeks to create a workplace environment that inspires employees and fosters their personal growth and well-being. The success of the company is a direct result of our unique culture that values inclusion and diversity and encourages creativity and innovation in all we do. Integrity, respect and ethical business practices help drive the vision to be the global leader in prestige beauty. The rich heritage and diverse brand portfolio create a wealth of present and future opportunities for our employees.

Recognizing talent and providing career paths for employees is an essential factor to drive engagement and retention at The Estée Lauder Companies Inc. The company creates an open talent system for employees to gain experience across diverse portfolio of brands, in order to further personal development. Equally important, the company strives to create a work environment in which employees are able to concurrently accomplish their business objectives and maintain a sense of harmony between work and their personal life. From personalized hand-written thank you notes to grand service awards – the company has a strong tradition of recognizing and appreciating employee service.

Gaëlle Le Meur, Area HR Director Middle East and India, The Estée Lauder Companies, says, “Our company’s mission of ‘bringing the best to everyone we touch and being the best in everything we do’ is really the summary of what makes us a great place to work. This extends from our workplace culture to our exceptional products and High-Touch services to our long history of support and meaningful engagement in the communities where we work and serve.”

Topics: #AsiasBestWorkplaces2015, #BestPractices, Life @ Work

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