FGV Annual Report 2014

FGV is constantly assessing, developing and strengthening its human capital – ensur i ng that i t has the r i ght competencies, qualities, dynamics, attitude and passion to drive and execute the various initiatives that the Group has in store to achieve its vision and mission. FGV strongly holds to the belief that the future of the Group is shaped and determined by how well it manages its people. This is mainly because the skills, experience, potential and capacity of the people are seen as essential elements that an organisation needs to be successful. Looking at the increasingly challenging and evolving economic environment, coming up with an effective human capital strategy is indeed a complex process. Regardless of the challenges, FGV remains steadfast in its commitment towards creating value through its human capital strategy. Our ambitions are focused on building a team of highly engaged and committed employees as we position ourselves as an employer of choice. FGV’s human capital approach is based on these core principles: • Recruit/Retain Right FGV is always on a lookout for talents who are able to contribute positively to the Group. As the Group becomes more diversified, more skill sets from various fields are required to complement, support and implement its plans. FGV is also active in offering scholarships to the country’s top school achievers – another initiative to recruit the best talents. Selected applicants will be given scholarships to study in selective disciplines such as Chemical Engineering, Mechanical Engineering, Biotechnology, Accounting and Finance. Upon graduation, they will be bonded for a specific period that will be set by the Group, depending on their scholarship agreement. This allows our entry level pipeline to provide avenues for greater talent coverage, preparing top fresh graduates for senior executive roles. • Perform Right Employees not only have their respective role charters or job descriptions (JD) but are also required to discuss and agree with their superiors on their duties and key deliverables. They are also expected to understand the possible challenges in performing their tasks as well as to know their internal and external working relationships. In addition to this, each employee’s performance is measured every six months to determine their capabilities to achieve the set targets for the year. • Develop Right FGV Group is committed in coming up with training and development programmes to further enhance competencies and skills of its human capital at all levels. This is part of the Group’s continuous development programme to ensure adequate supply of a skilled and knowledgeable workforce who will take on future leadership positions, for strong, sustainable and balanced growth. We are investing in the long-term development of our people and improving capabilities across the organisations. In driving a learning culture, we are providing more opportunities for our employees to be certified and accredited. P a r t n e r s h i p • R e s p e c t • I n t e g r i t y • D y n a m i s m • E n t h u s i a s m • Business Performance 1 2 3 4 Felda Global Ventures Holdings Berhad pg 96 HUMAN RESOURCES STRATEGY