Corporate Social Responsibility
Since its establishment, INTRACOM DEFENSE has operated as a socially responsible company, undertaking initiatives to improve the quality of life of both its own community of employees and society as a whole.
IDE supports the Greek industrial sector and contributes to the growth and expansion of entrepreneurship by subcontracting significant projects to Greek companies while in parallel contributes to the Greek economy development, by increasing public sector income via taxes paid.
IDE is one of the principal sources of national know-how as it focuses on cutting-edge product development by continuously investing approximately 6% of the annual turnover. The success of its products both in Greece and abroad led to significant growth rates and the creation of new, highly specialized jobs, increasing Greece’s ‘national intellectual capital’, thus reducing brain drain.
IDE’s growth is linked to its active involvement in a wide range of social activities that endorse health and cultural initiatives (employee’s voluntary blood donations, bazaars to support the Pan Hellenic parents association of children with cancer FLOGA etc.).
IDE recognizes ISO 26000 as a reference document that provides guidance for implementation of socially responsible behavior.
ISO 26000 is an International Standard giving guidance about how any organization can improve its Social Responsibility and thus contribute to sustainable environmental, social and economic development.
ISO 26000 identifies seven core subjects of social responsibility, as presented below:
- Organizational governance
- Human rights
- Labor practices
- The environment
- Fair operating practices
- Consumer issues
- Community involvement and development
Independent assessors evaluate IDE to ensure that the company takes into consideration all 7 core subjects of ISO 26000, when developing and implementing its Corporate Responsibility System.
Creating New Employment Opportunities
As a high-tech company that provides a first-class work environment and fosters creativity, IDE aims at attracting graduates contributing to the retaining and repatriation of Greek scientists, thus reducing brain drain.
Recognizing the crucial importance of the human factor, IDE has adopted innovative labor policies, enabling its employees to unfold their potential, to innovate and ultimately achieve the company’s objectives. Based on solid people-centered corporate values, IDE fosters innovative human resources practices in terms of compensation and benefits, training and development, health and safety, work-life balance and open communication.
IDE has established an objective compensation and benefits system that utilizes a set of merit-based, non-discriminatory criteria. IDE also offers a number of additional benefits, including supplementary medical plan free of charge covering the entire workforce, infirmaries and pharmacies at company facilities, free medical check-up, employee loans and credit facilities.
According to IDE’s belief that a skilled workforce is a significant competitive advantage, the company gives great emphasis on the sustained training and development of employees on all levels via seminars, on-the-job training and job rotation programs.
IDE cultivates a work environment based on teamwork and cooperation, as well as an open two-way communication between employees and management. Internal communication is supported by intranet offering access to company regulations and procedures, as well as other company-related information and news.
The company respects the right of all employees to freely form trade union and the management regularly meets union representatives. Moreover the company supports an open-door policy for all employees -regardless of title and position.
IDE is an equal opportunity employer, keeping in line with its non-discriminatory labor practices. IDE utilizes a hiring system based on objective criteria, such as educational background, relevant experience, etc.
Innovative human resources systems
As part of its efforts to maximize the job satisfaction levels of its employees, IDE has designed and implemented a modern human resources system adapted to the company’s culture and operations. Along with a Reward Management System, the company has established an advanced, merit-based Career Path system that sets transparent criteria for the objective appraisal of employee performance. The performance appraisal system applied by IDE aims at the continuous development of its people and improvement of their employability.