Sustainability Report Employment : Employees Well-being/Fair Wages/ Talent Management As part of our effort to make our workplace a more supportive and conducive space for our employees, we have launched our Mental Health & Well-being program. With a view to maintaining the employability of our workforce, increased focus is placed on preventive health care. Annually health screening examinations and sporting activities are examples of what we do to positively influence employees’ health. We have been actively participating in activities to encourage employees to walk towards a healthier future. We also provide comprehensive health insurances to our employees to help defray part of their medical costs. As a Work Life Achiever Award recipient, Megachem commits to creating and sustaining a working environment supportive of work life balance for all employees where they are respected partners of the business. We use external wage data and strive to balance our salary structure externally and internally. Market data serves as an external benchmarking tools with the objective to pay fairly reasonably to our employees. Competition for talent will become more intensified as well with the changing demographics. Megachem’s human resource management adopts a holistic approach that not only provides tangible rewards but also intangibles such as work-life balance practices, education sponsorship, continuous training and upgrading as well as flexible work schedule. Our employees are also entitled to various type of leaves such as parental care, career break/sabbatical, prolonged sickness, dependent care, maternity, paternity and examination leave. These initiatives are also aimed at prolonging the employability of our employees. We adopt the best Fair Employment Practices from Tripartite Alliance for Fair Employment practices (TAFEP). TAFEP works with companies, government and unions to adopt and implement fair employment practices. Subsidy for Children’s Education & Support Grant With the commitment towards enriching the well-being of our employees, we provide subsidy to our lower income employees to defray part of their children’s education cost, ranging from nursery up to tertiary education. We have also committed an exclusive scheme called Support Grant for Special Needs Children. This scheme targets to assist employees on their financial abilities to cope with the necessary medical treatment. Training and Education Our Higher Learning Education program provides financial assistance to eligible employees who choose to further their professional education and training that will enhance their knowledge and skills. Education sponsorships are available for employees who wish to pursue higher education. Megachem is a certified “People Developer” organisation in Singapore. “People Developer” is a certification and award recognition by Enterprise Singapore to companies which have attained the niche Business Excellence standard for human resource 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. All the best practices will be shared and implemented in our entities. Megachem welcomes interns/attachment students to embark on an exciting learning journey with challenging assignments and projects. Upon graduation, these interns are encouraged to apply and join the Company as Management Trainees in their first step towards building a promising career. Diversity, Inclusion & Equal Opportunity At Megachem, we value and respect each individual in the organisation and ensure that all of our employees feel they are a part of the organisation – cultivating a culture of mutual respect. Hence Megachem has a non-discriminatory culture that it does not discriminate on the basis of race, religion, gender, marital status or age. Child Labour/Forced Labour/Harassment Building on the culture of mutual respect is a set of clear policies against child labour, forced labour and harassment. Megachem prohibits such unethical labour practices and will take necessary action against any such practices. These policies are spelt out in our Code of Business Ethics and shared with all our employees regularly. 91 ANNUAL REPORT 2024
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