There is a cultural evolution happening at Cisco, driven by our business, our innovation and technology, and most importantly, our people. It is being shaped by feedback from our employees and it is helping us define who we aspire to be as a company.
It starts with Our People Deal, which is simply the understanding of what Cisco can do for our people and what we expect in return. Our People Deal sums up what it means to be part of Cisco and it shapes everything we do. Every interaction, every communication and every experience.
By connecting everything, innovating everywhere and benefiting everyone, Our People Deal is transforming our employees’ experience by delivering on the Moments that Matter ─ those defining career and personal moments that are important to them. As you can see from the visual below, these moments range from taking your birthday off to healthcare options to focusing performance management on development.
Giving back is a part of Cisco’s DNA. Last year, Cisco employees gave a combined $12 million in donations and matched funds, as well as more than 155,000 hours of volunteer time, to the nonprofits and causes of their choice. And our employees want to do even more – they’ve identified giving back as one of their Moments that Matter. We recently announced Time2Give, a global program that gives our employees five days of paid time per year to volunteer, in addition to any paid time off or vacation they already have. Employees can choose where they contribute their Time2Give. By empowering our people to take time off to volunteer, we’re collectively helping to change the world through active participation in our communities.
Another way we can provide an unmatched employee experience is to ensure everybody is compensated fairly and equitably. This is an important conversation for us, and an integral part of Our People Deal. Our Pay Parity initiative builds on our long-standing commitment to fair pay and is being integrated with our existing strategies for pay for performance and market competitiveness. Pay Parity is an ongoing commitment – not a point-in-time initiative. We are proud of the results of our preliminary review which demonstrated that we have a healthy and equitable compensation program. This new agile framework introduces more analytics, targeted strategies, new accountabilities and enhanced decision making tools built for us – by us – to support our commitment to drive and maintain a highly inclusive and equitable compensation environment.
Time Swap/Job Swap
With a focus on development we will be rolling out a new program that promotes and supports talent rotations and agility. Time Swap/Job Swap allows employees to either swap ~20 percent of their time with another individual for a defined period or swap roles for a limited time. This enables our people exposure to another part of Cisco’s business, while also helping them develop their own skills and bring innovative thinking and ideas to programs and among broader teams.
We want every day to be a great day at Cisco and that starts with our employees’ experiences. We have incredible people doing extraordinary work. Together, we’re #allin to make every moment matter.