112 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 Recent achievements • Introduced a new employee engagement tool that swiftly provides engagement insights and actionable recommendations, allowing Yinson to better gauge the organisation’s pulse. • Improved People Analytics capabilities, enabling more efficient analysis of employee data for better decision-making. • Integrated the Global Human Resources Information System (“Global HRIS”) with platforms like our Learning Management System (“LMS”), IT and Finance systems and digital business cards, thus reducing duplicate data entry, streamlining processes and improving data accuracy. This centralisation of employee information enhances communication between teams and boosts overall productivity. During the period under review, our focus was on implementing and integrating these new platforms and embedding the tools introduced in the previous year. Recent achievements • We finalised and began implementing the Global Job Framework. This framework assigns every job in Yinson to a specific job level, role and family, reflecting our commitment to demonstrating fairness, equity and transparency in job roles. It allows us to assess fairness in compensation and enhance our ability to benchmark our rewards across our locations. • Our goal is to provide employee benefits that align with market standards in the countries where we operate, such as medical insurance, life insurance, pension, annual leave and parental leave benefits. These benefits are offered in line with Yinson’s values, HR strategy and local regulations, and are equally available to both part-time and full-time employees. Rewards and recognition We recognise and reward employees for their contributions and commitment to our success. At Yinson, we believe that a fair rewards system not only increases productivity but also fosters a healthy organisational culture, improves teamwork and boosts employee morale. Our Total Rewards Strategy Project is a central component of our HR Transformation Plan. It aims to enhance our philosophy, benchmarks and evaluation methods to better define our plans and accomplishments. This project laid the groundwork for our Future Reward Framework, which includes a Job Family/Job Role Framework that guides our approach to job evaluation and benchmark data analysis. Resourcing Yinson has established itself as a leader in Environmental, Social and Governance (“ESG”), reflecting its commitment to the environment, its employees and communities. The company supports local communities through employment opportunities, strengthening the local economy and fostering expertise. The League of Extraordinary Apprentices Programme (“L.E.A.P.”) targets graduates in onshore offices. Yinson also focuses on creating a robust retention strategy that encompasses employee career growth, well-being and DEI practices through learning and development programmes, performance and reward schemes and DEI initiatives. Recent achievements • Since 2019, we have onboarded 21 L.E.A.P. management trainees (internally called LEAPsters). In 2023, we refined our approach, focusing on hiring and rotating LEAPsters within specific business or functional areas like Yinson GreenTech, Group Strategy, Group IT and Group Finance. Additionally, in Malaysia, we started an internship programme in 2023, with seven interns joining us in FYE 2024. • We actively seek young talents by partnering with universities in countries where we operate and supporting educational outreach programmes. In Singapore, we have welcomed seven interns since 2020, including four from the Singapore Institute of Technology in 2023. In FYE 2024, we broadened our reach to include Singapore Management University. Additionally, in 2023, we collaborated with SG Enable and hired an employee with disabilities. • In Norway, four interns were hired during 2023 and a further five planned for 2024. In Ghana, a total of 13 interns have been hired over the period 2023 and 2024.
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