Investing in our greatest assets, our people.
We are committed to developing our associates. They are the lifeblood of our company and the key to our future success. We help our associates build long-term, successful careers and advance their skill sets with many learning and development opportunities. For example, we offer tailored, individual learning plans, diverse training programs, practical learning opportunities and annual performance reviews. These efforts are supported by the PVH Global Talent Council, a group of leaders from across the company who champion initiatives and make sure talent planning aligns with our business strategy.
We regularly analyze learning needs to ensure that our development options support business strategy and our associates. In the most recent PVH Listens survey, associates indicated that they would like to see a wider variety of learning and development opportunities. In support of this, we rolled out PVH University globally in early 2016 to more than 9,000 corporate associates.
PVH University offers a blended learning experience, with classroom courses and online tools organized into topical Academies, including Leadership, Inclusion & Diversity and Professional Skills. Also, as part of this effort, we launched a new online learning portal, PVH University OnDemand. With more than 800 courses and videos available in 16 languages, corporate associates gain the flexibility to learn anywhere, at any time. We will continuously refine the content to help associates build core competencies.
We also continue to support the development of our leaders. Over 40 senior leaders have now completed our Global Leadership Program, a six-month leadership development experience launched in 2014. This program helps to promote greater internal collaboration, encourage a better understanding of our global business and strengthen leaders’ strategy, business and leadership skills. It was developed collaboratively by PVH and the Wharton School of the University of Pennsylvania, one of the world’s top-ranked business schools.
Looking forward, we will continue to refresh and improve PVH University content to ensure it reflects the evolving needs of our associates and our business. We also plan to add a Retail Academy to meet the needs of our associates in Tommy Hilfiger, Calvin Klein and Van Heusen retail stores. In partnership with the Global Talent Council, we are designing a development program for Vice President- and Director-level associates. We will develop and pilot a New Manager development program as well as a coaching skills program in 2016. Both programs will be certificate-based and self-paced to support leaders’ management skills, as we continue to build a stable future for our organization.
PVH University seeks to support the needs of our associates and our business through a blended learning experience. Below is a sample curriculum for the PVH Leadership Academy:
"The Global Leadership Program breaks down walls and opens up lines of communication that will last forever."
- Meg Lachance
President, Van Heusen Retail
In 2015, PVH University launched “Leaders as Teachers” – an initiative through which associates can attend classes on current business topics, delivered by those who know them best – our senior leaders. Mike Shaffer, our Chief Operating & Financial Officer, led the first session, titled “Finance 101” to some 30 associates in the New York office. Within five minutes of enrollment opening, associates had filled all the seats available. Participants heard Mike explore the relationship between PVH’s financial performance and its stock price, as well as how to interpret the finer details of a financial statement. We followed the first class with additional sessions reaching 150 more associates in four offices to accommodate the overwhelming demand. Ken Duane, Chief Executive Officer, Heritage Brands and North America Wholesale, has also delivered a “Wholesale 101” session. He shared an overview of PVH’s wholesale channels, as well as his experience with evolving trends such as millennial shopping preferences and digital commerce. In 2016, we plan to expand this program to feature other leaders throughout the business.
"Most classes use hypothetical reports and case studies. What really made this class fantastic was that Mike (Shaffer, Chief Operating & Financial Officer) used PVH's most recent financial release as the learning material. That was an incredibly powerful learning tool. It made everything real."
- Leaders as Teachers "Finance 101" Course Participant