Employees are our most important asset for the organization success. Not only they are the ones achieving goals and targets facilitating company’s visions and missions, they are the representation of the company’s character. Therefore, EGCO Group emphasizes on the importance of our recruitment criteria. We look for personnel equipped with knowledge and attitudes that correspond to the company’s values and culture.
Human Resource Management
EGCO Group treats all employees with equality in accordance to the United Nation Guiding Principles on Business and Human Rights (UNGPs), the Principles of Humanity and Human Rights of the International Labor Organization (ILO), and the Principles of the United Nations Global Compact (UNGC).
1. Recruitment and Employment
The recruitment process of potential candidates is conducted transparently under clear guidelines with respect to human rights and fair treatment of labor. The candidates are evaluated based on their qualifications and experiences related to the positions they applied for. The recruitment committee grades every potential candidate with equality according to the criteria listed on the interview evaluation form.
2. Fair and Appropriate Remuneration and Welfare
EGCO Group finds importance in a fair and appropriate remuneration and welfare policy in accordance to the company’s performance. We are looking to provide financial stability for our employees which covers until after their termination or retirement. EGCO Group has defined clear criteria and guidelines for a consideration of salary raise through employee’s performance assessment, capabilities, and other qualities without any discrimination of gender, age, or race. Additionally, EGCO Group is offering provident fund, saving and personal loans from EGAT Savings and Credit Cooperative Limited including other benefits for employees which are in line with other peer companies in the industry.
3. Employee care and human capital development
EGCO Group supports every level of employees in learning, training, and expertise developments to prepare for EGCO Group’s continuous expansion. We create a corporate culture with learning at the core. Learning is an important ground for growth and development, both for the employees and the company. The yearly trainings and workshops are planned according to the Training Needs analysis, performance assessment results, the company’s policies and strategies, and related laws and regulations. EGCO Group’s in-house training is therefore specific to the developmental needs of our employees tailored to their tasks and responsibilities. We are preparing our personnel in case there’s a need for adaptation on an organizational scale as well as succession of important positions in the future. EGCO Group’s personnel has an option to join external training programs and seminars related to their field of work as well.
4. Fair performance evaluation
Evaluations conducted according to the performance efficacy and related skills with an emphasis on operational results of the employee.
5. Employee engagement survey
EGCO Group has been conducting employee engagement surveys continuously throughout the years and has taken those results into improving our operations, human capital developments, and employees’ welfare. We take their concerns and make improvements to ensure a happy working environment for our personnel. EGCO group believes that happy employees with pride in their organization are the most efficient.
Human Capital Management System Reformation
EGCO Group has established a shot-term plan for human capital management system reformation to address urgent issues including performance assessment management system development and implementation, talent management system implementation, compensation structure implementation, and redesigning competency model. The short-term plan is in effect alongside a 3-year development plan for a sustainable human capital management system which is a human resource management paradigm-shift.
EGCO Group is determined to build strong foundation and raise awareness among employees as well as influencing the human capital management system reformation for the sustainability in the new paradigm of human resource management.
Learning and Innovative Culture
EGCO Group greatly values innovation; therefore, we are committed to encourage the culture of learning through skill developments. Not only will our employees improve the company’s quality and efficacy, but the innovative culture will help EGCO Group create new business opportunities in the future as well.
EGCO Group has organized step-by-step innovation workshops to encourage our employees to present their creative ideas and innovations that could benefit the organization in greater efficacy through an internal innovation competition, “EGCO Group InnoPower”