Yinson Annual Report 2018

At Yinson, it is our people that will drive the business forward and we are committed to providing a safe and conducive working environment that promotes opportunities for professional and personal growth. We are a meritocracy and an equal opportunity employer which is essential in establishing our credentials globally. Furthermore, we believe in having a diverse workforce in terms of gender, age, ethnicity and cultural background as this provides us with a stronger platform to excel in the international arena. Stewardship Sustainability Statement (Cont’d) A full-time employee is, for a calendar month, an employee employed on average at least 35 hours of service per week, or 140 hours of service per month. We aim to develop a skillful and committed workforce to meet our future needs and challenges through trainings and seminars as part of our strategy on managing talents and careers. For example, we have rolled out the Cyber Security Training for all staff to raise awareness of potential cyber risks, as well as to ensure that they have the relevant knowledge when it comes to information management in the cyber world. We also collaborate with various universities and colleges to offer training programmes for interns and management trainees as part of our efforts to identify and develop talents for our future operations. An example of an initiative in our internship program was to arrange for our interns to be placed with our respective offices in Kuala Lumpur, Oslo and Singapore where they were exposed to the different business operations of Yinson. In addition to enhancing the skills and capabilities of the workforce, we provide incentives and rewards for operational excellence. One such initiative is the employees’ share scheme where eligible employees are rewarded based on, among other considerations, their performance and the duration of their service. Another important aspect of human capital development is to ensure the free flow of communication between employees. Communication channels available during the year included town hall meetings, department meetings and emails. Employees also received periodic updates on the Group through social media applications. Through the above initiatives, we have minimised turnover and retained our best talents. In FYE2018, we achieved an attrition rate of 5.88%, which augurs well for our sustainable development plans. DEVELOPING HUMAN CAPITAL Number of full-time employees (as at 31 January 2018) 300 250 200 150 100 50 0 154 195 67 82 221 277 200 89 289 2016 2017 2018 Male Female 300 250 200 150 100 50 0 20 37 36 41 67 25 91 8 31 35 93 33 77 34 44 68 2016 2017 2018 Malaysian Singaporean Norwegian British Indian Ghanaian Others 6 7 14 7 13 52 Yinson Holdings Berhad Annual Report 2018