Megachem Limited Annual Report 2015 23 Our Human Capital At Megachem, our people are our greatest asset hence is at the heart of everything we do. We believe in the continuous investment and development of our people to realize their full potential to help the organization achieve excellence in our business results. The People Developer accolade is testimony to this longstanding commitment and belief that investment in people will thrust the organization towards the pinnacle of excellence in our relationship with our partners, customers and suppliers. In pursuit of People Excellence, we adopt a holistic approach to human capital development. Rewards & Benefits Megachem considers the competitive market place, relative value of each position to the Company as well as among similar jobs, performance of individual employees, qualifications and relevant work experience in deciding how much an individual is paid. The Company reviews its compensation and benefits program regularly to ensure it is on par with the market. The Company believes in providing targeted incentives and rewards to employees, consistent with their performance contribution to profit result outcomes. Welfare and Well-Being We are committed to create and sustain a working environment supportive of work life balance for all employees where they are respected partners of the business. The Company conducts various programs to foster welfare and well-being among colleagues, to improve overall health of employees and to achieve work-life harmony. In so doing, a visible team of committed, productive and motivated employees is highly energized to realize the corporate vision, mission, values and culture. Learning and Development We place people at the core of our human resource (‘HR”) strategy and holds strong belief in the nurturing of our employees to achieve excellent business results and a high level of competency. The Company’s HR policy is one that promotes the availability of opportunities for people to be trained on a continuing basis. Career & Leadership Development Our performance appraisal process has a development component that encourages employees to plan development that will help increase their performance and growth in their personal and professional development. In addition, to ensure a rewarding and fulfilling career at Megachem, the Company has in place a Mentorship Program where mentees are guided and coached by Mentors in professional developmental and personal growth. Higher Learning Education Support The Higher Learning Education (“HLE”) program provides financial assistance to eligible employees who choose to further their professional education and training (“PET”) that will enhance their knowledge and skills. This program provides reimbursement of eligible expenses for approved Diploma/ Degree/Master/PhD certification programs related to employee’s current or future job responsibilities. Students and Graduates Megachem welcomes Interns/Attachment students to embark on an exciting learning journey with challenging assignments and projects. Fresh graduates are strongly encouraged to apply and join the Company as Management Trainees in their first step towards building a promising career. Megachem is a certified “People Developer” organisation in Singapore. “People Developer” is a certification awarded by Spring Singapore to companies which have achieved excellence in human capital development. This niche standard provides us with a total approach to attracting, managing and engaging employees for high performance and aims to bring the best out of our people.
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