Engineering students in Sweden have selected Volvo Cars as the most attractive employer in the country. The company is the number one employer of choice among bachelor engineering students and it is ranked second among masters engineering students.
These results were published today in the FöretagsBarometern by Universum survey, an annual research study in which 21,000 university and college students in Sweden ranked the most attractive employers in Sweden.
“This is an important milestone for Volvo Cars which shows that we are moving in the right direction towards becoming a truly attractive employer,” says Hanna Fager, Senior Vice President Human Resources, Volvo Car Group.
The car industry is changing, and areas such as software, electrification and connectivity are become increasingly important. This development requires a new type of knowledge also within Volvo Cars.
“It’s fantastic that we are ranked so highly by our future engineers in Sweden. To meet the challenges we face today as well as in coming years, we depend on attracting talented employees,” says Hanna Fager.
Volvo Cars, which is currently undergoing an operational and financial transformation, has climbed steadily on Universum’s rankings in recent years. 2017 sees Volvo take the top position for the first time.
“Talents from the next generation are not just expecting a job, they are expecting a context where they can reach their full potential. To become an attractive employer in 2017, it’s not enough that you can just offer a salary on a competitive level and safe employment,” says Claes Peyron, head of Sweden at Universum.
Mr Peyron argues that this puts high demands on companies to offer a higher purpose and social engagement, to be innovative and preferably see each individual. “All this together means that as an employer in Sweden, you have to climb mountains every day to be considered an attractive employer,” he says.
Volvo Cars has in the last five years employed around 10,000 people globally, including over 2,000 engineers in Gothenburg, Sweden and recruitment is ongoing. For instance, the company is currently looking for hundreds of new software engineers to strengthen the development of next generation technologies within safety, autonomous driving and electrification.
Note to editor:
Volvo Car Group in 2016
For the 2016 financial year, Volvo Car Group recorded an operating profit of 11,014 MSEK (6,620 MSEK in 2015). Revenue over the period amounted to 180,672 MSEK (164,043 MSEK). For the full year 2016, global sales reached a record 534,332 cars, an increase of 6.2 per cent versus 2015. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.
About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 534,332 cars in 2016 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2016, Volvo Cars had over 31,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).