Page 74 - Anual report STi 2022_eng

stakeholders throughout the business value chain, compliance establishing clear and transparent guidelines for recruitment
with laws, regulations, requirements of relevant regulatory and selection based on the candidate qualifications, education,

agencies and human rights principles, the Group has outlined knowledge, and abilities. and skills, and experiences to match
its policies and guidelines for social sustainability, business the nature and job position and non-discrimination based on
ethics, sustainability management policy, human rights gender, age, race, and religion, as well as contribute to the
policy, and occupational safety, health, and environment employment for disadvantaged people such as the elderly
policy which have been reviewed and approved by the Board and the disabled to create career opportunities and stable
of Directors annually and published on the Company's income.

website in the ‘Investor Relations’ topic, including 2. Remuneration and welfare

dissemination of documents via its intranet system and
communication to the corporate employees in compliance The Group has a fair and appropriate compensation
acknowledgment and signing. policy under relevant laws. The determination of compensation
Summary of policies and practices as follows: for employees is based on the labor cost of living and
is comparable to companies in similar businesses. The
1. Human resource management consideration for the increased adjustment of the remuneration
The Group places importance on employees as valuable is based on the performance appraisal results and the
human resources and a significant factor driving the business Company's turnover primarily.

of the Group. Therefore, effective and quality human resource The Group provides the employees with both short-term
management is key to leveraging business competitiveness and long-term welfare and benefits, including
and supporting economic growth with sustainable environmental - Short-term remuneration consists of salary, bonus
and social responsibility.
(depending on the company's turnover primarily ), welfare
The Group has been of readiness to compliance with the such as allowance, telephone allowance, overtime pay, social

Universal Declaration of Human Rights and give importance security, and other special welfare provisions to cover the
to labor practice, respecting human rights on the ground of better quality of life of all corporate employees.
fairness and equality as manifested in the human rights - Long-term compensation consists of provident fund
policy of the Group.
and retirement compensation, etc.
Management
3. Assessment of performance
The Group has human resource management goals so
that employees at all levels have the opportunity for career The Group carried out performance appraisals quarterly.
path advancement. The Group, therefore, places importance The Assessment of performance self-assessment shall be

on recruiting potential and qualified employees to work with adopted for the employees to evaluate their work performance
the Group and focuses on taking care of employees, and the employee performance shall be appraised by the
a developed sense of employee engagement, and employee departmental supervisor. This is intended that employees and
potential development so that they are equipped with the immediate supervisors shall review the performance
knowledge and ability at work in line with business strategies, regularly, and improve their work regularly whereby the Group
and keeping pace with changes in the economy and modern brings the appraisal results to be used as Key Performance
technology which is divided as follows. Indicator (KPIs) measure and remuneration determination
for employees.
1. Recruitment and Selection of Personnel
4. Employee potential development
The Group provides employment policy under labor laws The Group has a continuous personnel development
and regulations related to employees, along with taking into policy and is committed to enhancing professional standards
account human rights in terms of fair labor treatment,
equivalent to international standards that the Group has

72 Annual Report 2022 (56-1 One Report)