Value Creation Is The Bedrock Of Our Business ANNUAL INTEGRATED REPORT 2022 89 Sustainability Review PROGRESS AND ACHIEVEMENTS We strive to meet industry standards in our talent management initiatives by offering competitive compensation structures as well as sustainable career progressions. TOTAL REWARD MANAGEMENT Group Human Capital (GHC) develops and implements an effective reward system that enables the organisation to attract, grow and retain the required talents needed for the business. Starting in 2023, GHC will also take part in the yearly Mercer Malaysia Salary Survey and collaborate with an external consultant to conduct a Total Compensation Review for the organisation, with guidance from the Nomination and Remuneration Committee. These benefits enable the Group to reward, attract, engage with and retain talented employees. Key Employee Welfare Benefits Healthcare Coverage Group Hospitalisation and Surgical coverage which includes outpatient and specialist treatment, hospitalisation and maternity treatment including child delivery cost for employees and dependents, as well as health screening for employees only Insurance Coverage Includes Group Term Life, Group Personal Accident and Overseas Travel Insurance for employees only Parental Leave/Maternity Leave (from 2023 onwards) 98 days and limited to five pregnancies Paternity Leave Seven days Leave Annual leave, medical leave, prolonged illness leave, paid Hajj leave, compassionate leave, examination leave and various other forms of leave Subsidies and Allowances Parking claim subsidy, living allowance, mobile phone bill and device, long service awards and professional membership fees Taska Facility Started in 2019, it is located at the head office in Kuala Lumpur, and could accommodate up to 162 children aged two months to four years. Today, this facility is available at several FGV office locations TALENT MANAGEMENT WHY IT IS IMPORTANT Talent management is essential for us to attract and retain the best talents to shape a high-performing workforce and ensure sustainable business growth. In managing our talents, selecting suitable candidates and hiring the best people in the industry is a top priority for us. Our recruitment efforts are focused on finding qualified, responsible and competent employees who will go above and beyond to work together to fulfil the Company’s business objectives and targets. We aim to cultivate a workforce that is agile, competent and resilient by investing in the development of our pool of talents. This includes investing in the learning and development of our people, providing fair salaries and competitive benefits and offering mentorship programmes. In addition, we compensate and reward our employees with various benefits and provide them with an equitable remuneration package to motivate and retain our talents. This is in alignment with our strategic human capital approach to rewards and recognition, which ensures that our employees are fairly compensated on a competitive salary scale that is benchmarked against best industry practices. Education Assistance For employees who want to pursue higher education or professional qualifications Employees Provident Fund (EPF) Contribution Provision Higher employer EPF contributions Gym Facility In order to promote physical and mental health among employees, the Group launched a gym at Wisma FGV in February 2023. The gym is fully equipped with facilities for employees to work out during their lunch break or after work
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