Chemical Company of Malaysia Berhad Sustainability Report 2019
To promote sustanability in a transparent and understandable way to employees, customers, and the general public. | OUR COMMITMENT TO SUSTAINABLE | SOCIAL PRACTICES The CCM Group aspires to achieve sustainable growth by creating value for its diverse stakeholders. In order to ensure steady, resilient growth over the long- term, we continue to implement a host of human resource, responsible care and governance initiatives all of which are indispensable to our business. We share policies and targets across the entire Group in an effort to establish and maintain safe and stable operations (these also make up part of the basic policies for our Polymers and Chemicals businesses). These policies and target also ensure that health, safety and environmental care is maintained throughout the product lifecycle, and that the quality of products and services that we deliver is maintained and improved upon. In FY 2019, we continued to implement a variety of initiatives and introduce new ones to support our value creation efforts. EMPLOYMENT [401-1, 401-2, 401-3, 405-2] Employee retention remains one of the critical factors in determining the success of continuous sustainable practices. In FY 2019, we registered a total employee turnover rate of 11.6% with some 39 employees leaving the Company. At the same time, 30 new recruits joined the Company. Moving forward, we remain committed to maintaining a low employee turnover rate for the coming years. Employee Turnover and New Employee Hires 2019 Malaysia Below 30 years 30-50 years Above 50 years TOTAL Male Female Male Female Male Female Employee Turnover Rate 7 8 17 2 3 2 39 Employee Turnover Percentage (%) 11.6 New Employee Hires 14 8 7 0 1 39 30 Total Number of New Employee Hires = (30) We believe that one of the most effective measures that we can adopt to build employee loyalty is to provide enhanced benefits, leave and allowances. To this end, the Group offers comprehensive and competitive benefits to attract and retain talent as well as to bolster employee satisfaction, well-being and work-life balance. Benefits for CCM Employees • Staggered working hours • Early leave for pregnant women (those more than 5 months pregnant) • Parental leave (90 days maternity leave/2 days paternity leave) • Group hospitalisation scheme for employee and dependants • Health care coverage for employee and dependants • Group term life insurance for employees • Disability and invalidity coverage • Car loan subsidy • Housing loan subsidy • Retirement provision through EPF contribution • Dress Down Friday 45 SUSTAINABILITY REPORT 2019
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