Fraser & Neave Holdings Bhd Sustainability Report 2021

3. Recognition-Based Performance Management Employees collaborate with their supervisors to set SMART goals and KPIs to the year. A Performance Assessment Review takes place twice a year for our employees to appraise their outcomes and identify development opportunities together with their supervisors. This is part of the Individual Development Plans for employees. There are four stages to our IDP approach: 1. Clear Structure and Roles We use ‘Beverest’ total performance management system (TPMS) to integrate our human capital processes and systems across the Group for a range of human capital-related processes – from recruitment and on-boarding to setting goals, performance reviews and career development. This ensures that each employee is aware of the expectations and responsibilities of their role, their team and for the Group as a whole. 2. Market-Oriented Compensation & Benefits We regularly review our remuneration packages in line with those of our peers’. F&NHB’s human resources policies go beyond standard labour regulations and statutory requirements in Malaysia and Thailand. Some of our benefits provided to all full-time employees include life insurance, health care, disability and invalidity coverage, parental leave, retirement provision, and stock ownership options. In addition, employees are entitled to paid vaccination leave this year. F&N does not restrict freedom of association. The management actively engages with our seven formal employee-unions to have balanced collective agreements. Life Insurance By job grade Health Care By job age, sta* category and/or job grade Disability and Invalidity Coverage By job grade Parental Leave All eligible employees under the law Retirement Provision For certain categories of employees Stock Ownership By job grade - F&NHB Shares Others 1. Enhanced Provident Fund 2. Long Service Award 3. Flexi-benefits reimbursement Standard Benefits Offered to Full-Time Employees Assess required competency, through 360-degree leadership and functional competency assessment Set development goal & identify learning intervention, through IDP and 70/20/10 learning model Implement & Follow- up on Individual Development Programme (IDP), through Learning Management System and IDP review Discuss career aspiration, including geographic mobility and career path & worksheet Empower Our People 085 Fraser & Neave Holdings Bhd ! Sustainability Report 2021