91 ANNUAL REPORT 2022 STRATEGY & OUTLOOK Yinson L.E.A.D. In our quest to build resilient and globally integrated leaders in Yinson by ensuring we shape the worldview and mindset of our people managers at every level, we introduced Yinson Leadership Enhancement and Development (“Yinson L.E.A.D.”) in October 2020. Yinson L.E.A.D. aims to provide performance management tools and resources that enable people managers to bring out the best performance of their employees. The first Yinson L.E.A.D. cohort consisted of middle level people managers in our Kuala Lumpur, Singapore and Oslo offices. 18 managers completed the programme in Oslo, while Singapore and Malaysia saw 13 and 10 managers, respectively, completing the programme. The second Yinson L.E.A.D. cohort was expanded to cover 8 Yinson offices, with a total of 24 participants. This cohort commenced in November 2021 and is expected to graduate in August 2022. Brand Another key focus area arising out of the 2021 EES was ‘brand’, where employees were keen to increase their sense of ownership and pride in working for the company, both through a deeper understanding of the company’s values, strategy and direction; as well as through the upgrade of processes and ways of working. In 2021, we continued our advocacy of our Core Values and raising awareness on our strategy and direction with employees in the following ways: • Yinson Culture & Values workshops and the launch of our Global Human Resources Information System (“Global HRIS”). • Quarterly Group-wide town halls where our business leaders provide important updates to the Group and answer questions that may arise. • A special year-end Group-wide town hall where business leaders answered live questions from employees. • Several purpose-specific Group-wide town halls to update employees on key developments, such as major project awards and developments and when the FPSO Strategy Review was announced. • Team building activities, held at local office or department level. • Enhanced onboarding process for all new joiners that provides a comprehensive overview of the business. • News, updates and campaigns promoted through YNet. Yinson Culture & Values Workshop Pre-pandemic, our Culture and Values Workshops were held in person. During the pandemic, we reviewed the content and delivery mechanism of the workshops to allow for virtual delivery, and updated the content to be reflective of our growth and expansion. The workshops are mandatory for both existing and new Yinsonites, reflecting the importance that we place on our Core Values to align all Yinsonites to our Vision and Mission. With the gradual easing of movement restrictions, we are planning to conduct both virtual and physical workshops for the remaining employees and new joiners moving forward to embrace our hybrid working model. Global Human Resources Information System One of the transformation aims in our HR Transformation Plan is leveraging on digitalisation as an enabler. It is more than just turning away from paper and manual process – it is about consolidating and simplifying data to improve our ability in our people analytics, more effectively and efficiently. On 17 January 2022, we launched our Global HRIS called ‘SuccessFactors’ as part of our digitalisation transformation journey. The Employee Central Module stores and manages employee data – aligning and integrating them through a single, unified HR solution for all employees across the organisation. We received positive feedback on the selfservice’s functionality and user-friendliness. We plan to introduce performance management, recruitment and onboarding, succession and compensation as part of our Global HRIS roadmap. PEOPLE REVIEW
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