Our ability to create sustainable shareholder value relies on our ability to recruit, motivate and retain employees with a diverse range of skills. We believe that our competitive advantage is derived as much from our people as from our asset base and attractive and growing business opportunities..
We believe that our competitive advantage is derived as much from our people as from our asset base and attractive and growing business opportunities. Ensuring that relationships between our employees are cohesive, safe and effective is important to our Company and we expect all our employees to respect different cultures, traditions and employment practices across our business areas. We share common goals with our employees and contractors, in particular the elimination of workplace injuries, and are committed to good corporate values and responsible behaviour. We recognise achievement and create opportunities for individuals at all levels of our businesses. In dealing with our employees we act in compliance with national regulatory requirements and our obligations under relevant national and international laws.
The loss of key employees is one of the primary risks of the business which can potentially cause short and medium-term disruption to operations. We believe that our success in part to assembling the right team of people and we focus on how to attract, manage and engage both employees and contractors. Our continued focus on recruiting, where possible, from local communities, is an important factor in maintaining excellent stakeholder relationships.
To ensure successful recruitment, motivation and retention in a challenging, international market for skills and experience, we aim for:
- a competitive approach to remuneration with packages reviewed regularly;
- establishing long-term incentive schemes;
- learning and development programmes that enhance employees’ careers;
- a commitment to diversity;
- a focus on recruitment from within host countries and communities, where certain skill sets are available; and
- workplaces that motivate and engage employees at all levels, and which are free from discrimination and harassment of any kind.
We value all employees for their contribution to our business. Opportunities for advancement are equal and not influenced by considerations other than performance and aptitude. Employees are provided with the opportunity to develop their potential and, where appropriate, to further their careers within the Group.
Staff are motivated to develop within a flexible framework and are encouraged to provide feedback on their expectations. Local sourcing is important to our business practices and we aim to contract services to local firms where possible. For example, many of our transport and security needs have been fulfilled using local firms.
Training of employees and contractors continued to receive high priority in 2012 and we have continued to invest heavily in this area. We believe there is a strong business case for investing in development of our workforce as this can result in efficiency savings, reduce time lost through injury and assist in identifying opportunities for improving our business.
It is our responsibility to train all workers to provide better access to job opportunities in the long term. We emphasise transferable skills and a broad range of learning, as well as the basic aim of developing a knowledgeable, productive and happy workforce.