Recruitment and retention
There is an economic cycle, but we always seek outstanding talents and never stop investing in the development of human capital, as we believe that an enterprise’s competitiveness lies in talents. We participate in job fairs on campus and interact with the school interns, fresh graduates of universities or master’s programs, and talents with one to two years of experience through an all-round talent cultivation program a new talent training program and provide internship or employment opportunities through diverse online and offline channels to continue to recruit and train outstanding talents, enhance our competitiveness, and lay a foundation for our sustainable development It is our responsibility to provide a work environment of happiness and fulfill our corporate social responsibility. We regularly review employees’ salaries, survey their satisfaction with work, and continue to improve, so that they will be proud of working at Kedge. We train their other skill sets through internal talent selection and interdepartmental rotation to cultivate all-around talents through training, experience, and honing.
Promotion system
To motivate employees to pursue continuous growth and stay at Kedge for more than half a year, they can participate in the company’s twice-a-year performance management and promotion mechanism to improve and recognize their performance. Our performance evaluation and career development review mechanism ensure effective rewards to outstanding employees through performance management; we provide various types of bonuses, rewards, promotions, pay raise, and training to individuals and teams who have achieved strategic targets or have outstanding performance to retain talents.
In 2023, up to 189 people had job promotions and salary increases, accounting for 34% of all employees.
Remuneration system
In 2023, the overall salary earned by the highest individual in the year is about 8.8 times the median salary of other employees. The median salary of employees here refers to the regular employees (excluding foreign migrant workers) who are on the job throughout the year, and the amount actually paid to the above-mentioned employees in the current year; the median annual income increase of individuals is 12%, which is about 1:2.5 compared with the change in total compensation for the highest individual annual income. The personal annual income increase here refers to the regular employees (excluding foreign migrant workers) who were on the job in the previous year and the current year, and the actual increase in the current year to the above-mentioned in-service employees.
We determine the remuneration based on market competitiveness and internal fairness. We decide on the remuneration based on the third-party market surveys of the construction industry. We adopt the principle of “enabling those with good performance to be better” for salary design depending on the overall economic changes, government laws and regulations. We adjust salary based on the company’s overall performance, profit and performance at a given unit, and individual performance. In addition, we pay out year-end bonuses as per the company’s annual profitability, the organization’s achievement of targets, as well as employees’ annual work performance. In addition, after the completion and payment settlement of each construction project, we allocate a moderate amount of the profits as bonuses to reward outstanding employees in the project to share the profits, enhance employees’ loyalty and sense of honor, and motivate them to pursue excellence and take on challenges. Furthermore, our salary standards are consistent regardless of gender, race, religion, political affiliation, and marital status. The remuneration and benefits include salary increases and various bonuses to ensure and attract outstanding talents.
The remuneration policy of the company’s senior management is recommended by the remuneration committee to the Board of Directors for approval; it is based on the company’s sustainable operation strategy, financial indicators, environmental, social, corporate governance and other achievement indicators to ensure that the company’s operating goals can be in line with sustainable operating results combined. In addition to setting fixed salaries with reference to salary market standards, the remuneration of senior management is directly linked to the performance evaluation items of senior executives as the basis for variable bonuses. In addition to ensuring short-term financial indicators, it also contributes to long-term value.
The regular salary of non-managerial entry-level male employees is 2.5 times higher than the minimum base salary, and that of the female counterparts is 1.8 times higher. The overall salary increases by 5.3%.
Personnel turnover over the years
In 2023, there were 112 new employees (80 males and 32 females); there were 134 employees who resigned (95 males and 39 females).
Talent Cultivation and Development
Kedge, through a comprehensive talent development system, provides employees with diverse learning opportunities and broad career development. Employees are required to undergo continuous training to enhance their quality and professionalism, thereby stimulating their work enthusiasm and ensuring employment opportunities. In 2023, the total number of employee training hours at Kedge Construction reached 20,227.28 hours, with all employees receiving training. On average, each employee received 35.86 hours of training, exceeding the company’s set standards.
Compared to 2022, the total training hours in 2023 increased by 4,820.26 hours.
Education and training hours over the years
We offer education and training every year according to the trends, the different needs of various job levels and units, and the expertise and skills required for their work and provide employees with subsidies for their professional elective courses to improve their expertise and soft skills. The implementation is as follows:
2023 Employee Educational Training Sessions
I have closely collaborated with Kedge Construction over the past few years as a lecturer in their corporate culture, leadership, and management training programs. This opportunity has allowed me to gain a deep understanding of Kedge Construction’s long-term vision for talent development and growth. Therefore, I hold great respect and confidence in this company.
Kedge Construction’s training needs are closely aligned with their core values and business strategies. The programs aim to enable participants to deepen their understanding of corporate culture and strategic direction through learning. Kedge Construction provides high-quality courses and instructors, which not only enhance the professional skills of participants but also deepen their sense of belonging to the company, thereby contributing jointly to its success.
It is also noteworthy that Kedge Construction has made a long-term commitment to talent development and continues to invest in this area. The company offers diverse development opportunities and encourages employees to actively participate in internal and external learning and exchange activities to broaden their horizons and enhance their professional capabilities. Such talent development strategies not only improve the overall quality of employees but also ensure that the company possesses an efficient, professional, and dynamic team, thus promoting sustained healthy, stable, and rapid business growth.
In conclusion, serving as a training course lecturer at Kedge Construction has been a highly valuable and memorable experience for me. I am deeply impressed by their determination in talent cultivation and development, which fills me with confidence and anticipation for Kedge Construction’s future.Ifirmly believe that Kedge Construction’s continued investment in talent will lay a solid foundation for its sustainable operation and growth. I sincerely wish Kedge Construction to maintain its outstanding talent development strategy and excellent corporate performance, continuing to play a leadership role in the industry. I also look forward to deepening our collaboration with Kedge Construction, working together to promote mutual growth and progress.
I have closely collaborated with Kedge Construction over the past few years as a lecturer in their corporate culture, leadership, and management training programs. This opportunity has allowed me to gain a deep understanding of Kedge Construction’s long-term vision for talent development and growth. Therefore, I hold great respect and confidence in this company.
Kedge Construction’s training needs are closely aligned with their core values and business strategies. The programs aim to enable participants to deepen their understanding of corporate culture and strategic direction through learning. Kedge Construction provides high-quality courses and instructors, which not only enhance the professional skills of participants but also deepen their sense of belonging to the company, thereby contributing jointly to its success.
It is also noteworthy that Kedge Construction has made a long-term commitment to talent development and continues to invest in this area. The company offers diverse development opportunities and encourages employees to actively participate in internal and external learning and exchange activities to broaden their horizons and enhance their professional capabilities. Such talent development strategies not only improve the overall quality of employees but also ensure that the company possesses an efficient, professional, and dynamic team, thus promoting sustained healthy, stable, and rapid business growth.
In conclusion, serving as a training course lecturer at Kedge Construction has been a highly valuable and memorable experience for me. I am deeply impressed by their determination in talent cultivation and development, which fills me with confidence and anticipation for Kedge Construction’s future.Ifirmly believe that Kedge Construction’s continued investment in talent will lay a solid foundation for its sustainable operation and growth. I sincerely wish Kedge Construction to maintain its outstanding talent development strategy and excellent corporate performance, continuing to play a leadership role in the industry. I also look forward to deepening our collaboration with Kedge Construction, working together to promote mutual growth and progress.
