Society WSC’s community investment principles are aligned with the focus area of building the well-being and development of local communities. Closer alignment of the business strategy and community investment produces better outcomes for the company and local communities. Community investment focuses on a well-defined purpose of achieving transformation for the better. Educational Assistance WSC is committed to providing long-term benefits by helping develop the community’s reservoir of knowledge. WSC’s Foundation, Yayasan Wah Seong, offers scholarships for full time first degree courses in Malaysian public universities. In 2022, Yayasan Wah Seong helped 5 scholars. A Place for People We provide comprehensive compensation, benefits, tools and benefits to foster success and career growth for all employees. We align our labour standards with the International Labour Organisation (ILO) goal of promoting decent work. Stringent yet fair employment standards and practices are stipulated in the Principles of Business Conduct. Our stance is communicated to all employees in English as it is the most commonly used business language. This document is translated into other languages such as Bahasa Malaysia where necessary. Periodically, WSC participates in workshops or industry/topic-specific collaboration projects that provide industry solutions that improve labour standards in Malaysia. As part of our risk assessment procedure, we regularly review the labour standards of existing and potential business and supply chain partners as part of due diligence. All parties are familiarised with our Principles of Business Conduct from time to time. There were no instances of non-compliance with labour standards during this reporting period. Competitive Benefits Our competitive benefits packages provide comprehensive health and wellness resources consistent with the Employment Act 1955 and additional benefits at our discretion. WSC also provides leaves of absence for several quality-of-life needs, including personal, maternity and paternity leave. We understand that the pandemic has brought many uncertainties and challenges to every individual. We kept our promise that there would be no layoffs or pay cuts resulting from the crisis. Learning and Development The Group invests in its people by enhancing their competencies and skills to improve work performance and results; and motivate and reward employees. WSC encourages its people to upskill their knowledge by investing in training and development. Employees can apply for training and supervisors also identify training and development where necessary to improve the employees’ skill and competence in accordance to established training matrix. The Group also offers graduate placement and internship programmes to build future generation of leaders and address youth unemployment. Employee Engagement Employee engagement plays a vital role in boosting employees’ motivation and morale. WSC engages in regular dialogue physically and virtually to update employees on group developments. Close group engagement activities at the departmental level strengthened team members’ bonds and addressed human resource-related matters. SUSTAINABILITY STATEMENT Wah Seong Corporation Berhad Annual Report 2022 28
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