SEO Version
69
Annual Report 2013
HUMAN RESOURCES
FOSTERING HUMAN CAPITAL
Humancapital is an indispensableaspect of acompany.
Key to any organisation, it concerns the entire
operations and sustainability of the business. Through
a specially tailored comprehensive HR strategy, we
endeavour to nurture growth and maximise the
potential of our people; enriching, motivating and
empowering them in their personal and professional
development.
COSCO focuses on fostering a skilled and capable
talent pool that will shape our growth and propel
the Group forward in achieving our long-term goals.
Carefully structured programmes encompassing
recruitment, training, incentives, compensation and
benefits are put in place to equip our people with the
right skills and competencies to manage and execute
their job activities.
INVESTING IN OUR PEOPLE – RECRUITMENT AND
TRAINING
Recognising that people form the foundation of
the Company, COSCO anchors our recruitment and
training policy on building a quality workforce that is
strong from the core. We recruit new talents by way
of a competitive remuneration and reward scheme,
regularly reviewing and appraising their performance.
Employing top graduates from highly regarded
Chinese universities, we send them for management
trainee courses in preparation for future management
roles. We seek to track their progress, assisting them in
achieving their career and personal goals while they
grow with the Company.
HUMAN RESOURCES
ANDWORKPLACE SAFETY
We are advocates of continuous learning. We believe
that having a strong and effective team trained with
relevant skills and capabilities will effectively aid us
in our advancement in the marine industry. We send
our employees on courses related to international
standards and safety measures; technical, engineering
as well as management skills. Technical staff are also
required to pass a course before they commence
work and are assessed every year to ensure their skills
meet the necessary standards. As part of our training
programme, COSCO has organised training courses for
our senior technical management staff to strengthen
and reinforce their knowledge and expertise.
VALUING OUR EMPLOYEES – REWARD AND
RETENTION
COSCO values and appreciates each and every
employee for his or her contribution to the Group.
Their efforts and achievements are also reflective of
their sense of belonging to this company. Through
the performance and achievement appraisal system,
we facilitate in aligning their work goals with personal
career development and remuneration. Nurturing
a culture of flexibility and mutual respect is also one
way we instill a sense of belonging in our people.
Through open communication channels at all levels,
there is greater understanding, and employees are
also empowered with greater responsibilities in their
decision-making, thus achieving greater cohesiveness
and efficiency within the Group.
OUTLOOK
Entering a new year, COSCO will continue with the
effective management of our workforce of contract
and in-house workers, providing them with priorities
and benefits to maintain a harmonious balance that
will enable us to achieve optimal performance.
I ns i de COSCO and Corporate Ci t i zensh i p
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