2024 CME STEM Leadership Awards
I was honored to be a Co-Chair at the Chemical Marketing & Economics STEM Leadership Awards and sponsor of Hubert Sagnières of Essilor Luxottica. Established in 2012, the CME STEM Leadership Awards are the highest honor given by the Chemical, Marketing, and Economics Inc to outstanding leaders of society for harnessing the transforming power of science, technology, engineering and mathematics (STEM) for the benefit of humanity.
Hubert Sagnières is widely recognized as a transformative force in the optical care industries and a leading scholar and contributor to exploration. Serving as the Chair and CEO of Essilor International, and later as the Executive Vice Chair of Essilor Luxottica, He has played a pivotal role in advancing the mission of improving lives through better vision—a mission deeply rooted in societal impact and innovation.
Under his leadership, Essilor Luxottica has become a global leader in eye care solutions. His work has resulted in groundbreaking innovations, strategic mergers, acquisitions, an unwavering commitment to sustainable development, and a vision to eradicate uncorrected poor vision on a global scale. As a result, Hubert has been instrumental in bringing vision care to millions of people in underserved communities around the globe.
He is also a distinguished explorer. In 2023 he followed in the footsteps of great French Explorers documenting their achievements. He then published the updates in, Daring French Explorations 1714-1854, Trailblazing adventures around the world. The book is a series of extracts and illustrations from the travel journals of the French explorers and current observations.
Honorees from left to right:
hashtag GeorgeRodriguez, hashtag LeonardLevie, hashtag RichardWiese, hashtag HubertSagnières, hashtag JanetWalsh, hashtag WilburRoss, hashtag RichardGarriott, hashtag SurabhiVarshney, hashtag ShahKarim, hashtag KseniaTakhistova, and hashtag EdwardGrebow
The new ISO Guideline 30414 contains key organizational metrics that help executive leadership identify the costs, benefits, and outcomes from HR operations. If you are a portfolio manager or HR leader, you can show your financial executives just how important good HR management practices are to increasing the EBITDA value of your businesses. For example:
• Assume the company has: 250 employees
• Employee annual turnover: 16% (national average)
• TOTAL cost of replacing an employee is: 0.75x annual wages
• Annual wage is: $77,500 (national average, source: MarketWatch)
Let’s assume that BPHR does an audit of your HR practices and makes recommended changes leading to a modest reduction in employee turnover to 10%.
The annual savings for not replacing the 15 employees would be:
15 employees x 0.75 x. $77,500 = $872,000 added to EBITDA
The equity value would then be:
$872,000 x 7 = $6.1M, or an additional 11% in equity value.
This is just the beginning. BPHR focuses on increasing financial performance through Human Resources operations. Our team of financial and HR executives will answer your questions and help you uncover more ways to increase EBITDA.
See more of what we do at
https://lnkd.in/erQgDkBM.
Contact us at walsh@birchtreeglobal.com for a discussion of the possibilities.
Thank you, James Calver, for the insights!