incorporated into the Group’s KPI scorecard, which all employees, including the Group's senior management, are assessed against. The Group’s KPIs determines the variable bonus pool for employees. The Group’s employee benefits are provided in accordance with local regulations and aligned to local employment practices. These may include but are not limited to annual leave, marriage leave, family care leave, compassionate leave and medical leave. They also include insurance for medical, life, personal accident, work injury compensation and business travel. Our retirement provisions are in accordance with local legislation. Our Flexible Work Arrangement policy provides flexibility in work hours and work arrangements such as part-time working options, and work-from-home arrangements. Read about our Employee Benefits Scheme on page 217 of our 2022 Annual Report A Choice Employer No. 4 of the 100 Most Attractive Employers for Engineering/ Natural Sciences students8 (Universum) 8 More than 7,000 students from Singapore universities We Attract and Nurture Talent Our talent attraction and management efforts focus on engaging, assessing and hiring diverse and qualified candidates based on the specific skills, knowledge, and experience they can bring to the job. We widen our talent search via social media posts or through the various networking groups instead of relying only on job postings, outreach and referrals. Our detailed job descriptions and specifications define goals, accountability, and success measures of the role. This targeted strategy has made ST Engineering one of the most attractive employers in the market. We also focus our efforts on nurturing students in the communities we operate in. This ensures that we grow our local talent pipeline and workforce. Singapore-Industry Scholarship 2022 marks our 11th year offering the Singapore-Industry Scholarship, the only multi-industry scholarship programme in partnership with the Singapore government. The scholarship aims to grow and nurture future industry leaders, particularly in the technology, defence and engineering businesses. This year, we gave out scholarship awards to eight new recipients, having awarded a total of 118 scholarships to date. Nurturing Talent in Pensacola, U.S. In our U.S. offices, besides giving out the Pensacola Mayor’s Scholarship annually to develop talent for the aviation sector, we also nurture qualified aircraft maintenance technicians through our training programme with United Parcel Express. OVERVIEW OUR SUSTAINABILITY APPROACH ECONOMIC ENVIRONMENTAL SOCIAL GOVERNANCE INDEX 55
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