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Fima CORPORATION Berhad
(197401004110) (21185-P) •
Annual Report 2020
64
Performance
Management
System
Identification of:
• Jobs at risk
• Suitable successors
• Readiness level of successors
• Development plans
• External recruitment
Succession
Planning
Pay decisions are based on:
• Performance rating
• Competency rating
Compensation
and Benefits
Identification of:
• Promotions and inter company/
department transfers
• Group talents
Career
& Talent
Development
Identification of:
• Long term development plans
• Competency based
training needs
• Business focused training needs
Learning and
Development
Training Hours
2019
2020
Senior Management
64
44
Management
1,201
536
Executive
962
1,644
Non-Executive
3,884
2,145
Grand Total
6,111
4,369
Note: Training hours herein does not include on-site coaching by supervisor
Human Rights & Workplace Relations
We implement our commitment to supporting human rights and
labour rights through a range of policies, strategies and initiatives
that reflect the diverse range of conditions under which our
business operates in and we also require our contractors and
business partners to comply with these commitments.
We value the right of our workers to have freedom of
association, to enter labour unions and to collective bargaining
in compliance with local laws. We are committed to working
honestly and transparently with the labour unions and we
undertake negotiations in good faith. As at 31 March 2020,
23.0% of our employees are represented by labour unions. Our
collective bargaining agreements with these representative
groups contain provisions covering grievance and disciplinary
procedures, paid time off, paid maternity leave and collectively
bargained severance and separation benefits. Other terms
and conditions of employment negotiated in our collective
agreements include, but are not limited to, issues such as wages
and performance management. Over the course of the year, the
Group did not experience any situations with the unions that
ended in a work stoppage.
We also set annual key performance indicators for our employees that reflect critical success factors in their career development. This
formal performance and career development reviews which take place once a year at the end of the financial year serves as an effective
communication platform between employer and employee for feedback, sharing ideas, identify avenues for improvement and to
recognise individual training and development needs. Based on performance and contribution, the employees are rewarded through
increments, bonuses and/or promotions.
sustainability : social