Yinson Annual Report 2020

NATURAL SOCIAL & RELATIONSHIPS ORGANISATIONAL MANUFACTURED HUMAN FINANCIAL 84 Yinson Holdings Berhad SECTION 4 OUR CAPITALS HUMAN CAPITAL At Yinson, our employees and crew are considered a core capital. The skills, happiness, engagement and safety of our people are the foundation of our success and play a key role in achieving our business objectives. Yinson shapes its goals for Human Capital around the following priority areas: Recruitment and retention Diversity and inclusion Localisation Adding value through work-life balance Health and safety Leveraging on digital technologies Recruitment and retention GOALS SET FOR FYE 2020 PROGRESS FOCUS FOR FYE 2021 Recruitment and retention of high- quality employees and crew • Successfully recruited and manned all offshore crew to support projects and operations • Launched L.E.A.P • Established partnerships with Malaysian and Singaporean universities • Engaged employees through engagement survey and 360 assessment for leadership group • Recruit and man all offshore crew to support projects and operations • Expand L.E.A.P to Projects Headquarters • Continue to build and develop existing university partnerships • Maintain attrition rate of 5% or below • Improve staff engagement scores to 67% Personal and professional skills development • Training and Development Policy approved by the Board • Carried out first Human Capital Development initiative, ‘Yinson Up’ • Continuation of ‘Yinson Up‘ initiatives across other offices • Identification of learning and development needs that support continuous professional development Performance recognition • Launched long service awards • Review approach to performance management • Establish more avenues to recognise and reward employees and crew