Fraser & Neave Holdings Bhd Sustainability Report 2019
Recruiting Management & Onboarding Employee Central Jam-EnterPrise Social Network Performance & Goal Management Succession & Career Development Compensation Management Workforce Analytics Learning Management 1. Clear Structure and Roles We use the ‘Beverest’ total performance management system (TPMS) to integrate our human capital processes and systems across the Group. This helps us to make sure that each employee is aware of the expectations and responsibilities for their role, their team and for the Group as a whole. Beverest TPMS is the foundation for a range of human capital-related processes, from recruitment and on-boarding to career development. 2. Market-oriented Compensation and Benefits We pay our employee wages competitively and carry out regular reviews to ensure that our remuneration packages remain in line with peers’, and in harmony with other Group companies. Benefits provided to all full-time employees include life insurance, health care, disability and invalidity coverage, parental leave, retirement provision, and stock ownership options. F&NHB’s human resources policies go beyond standard labour regulations and statutory requirements in Malaysia and Thailand. F&NHB’s Management engages actively with union leaders at our seven formal employee-unions for balanced collective agreements. F&NHB does not restrict freedom of association. S T A N D A R D B E N E F I T S O F F E R E D T O F U L L - T I M E E M P L O Y E E S Life Insurance By job grade Health Care By job age, staff category and/or job grade Disability and Invalidity Coverage By job grade Parental Leave All eligible employees under the law Retirement Provision For certain categories of employees Stock Ownership By job grade-F&NHB Shares Others 1. Enhanced Provident Fund 2. Long Service Award GRI 401-2: Benefits provided to full-time employees that are not provided to temporary or part-time employees This year, three unions have adopted performance bonuses into their terms and conditions of employment. This is the start of extending the performance-based reward culture to our production employees. S U S T A I N A B I L I T Y R E P O R T 2 0 1 9 Delivering Value 045
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