Fraser & Neave Holdings Bhd Annual Report 2020

5 TALENT MANAGEMENT 073 ANNUAL REPORT 2020 03 md&a WHY IT IS IMPORTANT TO US People are vital assets as they help determine how well we perform, executing our strategies into action. Hence, our talent pool must be nurtured and upskilled to keep up with the evolving industry. RISKS • The challenge to attract and retain the right talent. • Adapting to the rapid skill set requirement changes of the evolving market. • Demotivated employees result in loss of talent to competitors. OPPORTUNITIES • Robust employee compensation and recognition systems increase talent retention and acquisition to maintain our competitive edge. • Effective training and upskilling programmes contribute to a high-performance culture and sustainable organisations. • Provide job opportunities to the local community where we operate. OUR RESPONSE We strive to recruit the best talent and create a stimulating work environment, where talent is nurtured, and employees are engaged and empowered to reach their highest potential. We contribute to the economic well- being of employees through a fair and competitive remuneration package. Our Talent Management strategy is guided by: • Human Capital Roadmap to 2020. • Seven Modules for Strategic Human Capital Transformation. – Clear structure and roles – Market-oriented compensation and benefits – Recognition-based performance management – Holistic high performer retention and development – Proactive succession and workforce planning – Engaging corporate culture – Strategic talent acquisition and onboarding Refer to the ‘Sustainability Statement’ section on pages 133 to 139 in this AR, or read more in the F&NHB Sustainability Report 2020.