Table 1: Key Learning Focus Areas in FY15/16
Key Learning
Focus Areas
Training
Programmes
•
Financial know-how
and business planning
•
Leadership and
management skills
•
Business etiquette
•
Internal personal skills
•
Communication and
negotiation skills
•
E-learning
•
Public programs
•
In-house programs
To build a performance-driven culture, we have
adopted a systematic approach in performance
management. At the organisational level, we use a
balanced scorecard approach for performance targets
setting, and these are cascaded to departments and
individual performance objectives. Balanced scorecard
targets are tracked and reviewed on a quarterly basis.
Our reward and recognition strategy aims to inculcate
the right values and reinforce positive behaviours to
drive employee performance. We reward staff based on
their contributions by adopting a ‘Pay for Performance’
approach to strengthen our performance-driven culture.
Commitment to learning and development
As a forward-looking employer, we invest in our people
by encouraging them to go for relevant courses and
programmes to upgrade their skills and deepen their
industry knowledge. Our annual key learning focus
areas address specific staff development needs for
each year. Training programmes are then drawn up
and dedicated to these areas under a learning plan.
In FY15/16, the following topics detailed in Table 1
were identified as key areas in need of capacity-
building in our operation. To address the need,
we provided our staff with the relevant training.
We understand that the loss and replacement of
employees may lead to disruptions in productivity
and efficiency, besides added training costs of
new recruits. We therefore strive to continue
enhancing our employee retention strategies to
engage our employees and provide them with
meaningful learning and career opportunities.
Figure 2b: Total Workforce by
Employment Category in India
Senior Management
Middle Management
Executive
Non-Executive
FY14/15
5%
3%
1%
FY15/16
50%
52%
46%
43%
Figure 3: Total Workforce by Gender
and Geography
Female
Singapore
Male
India
FY14/15
FY15/16
20%
91%
80%
9%
18%
82%
91%
9%
sustainable business management
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ASCENDAS india trust ANNUAL REPORT
2015/2016
Ove r v i ew
what af f ect s us
what we do
our p e r formance
