Local Employment for Economic Growth

Local Employment for Economic Growth

The Company prioritizes local hiring across its branch office locations. This strategy not only creates jobs within regional communities but also strengthens local economies. Furthermore, employing local professionals, particularly in managing non-performing loans (NPLs) and non-performing asset (NPA) sales, enhances operational efficiency. These professionals bring valuable local expertise, cultural understanding, and established networks that facilitate more effective coordination and negotiations in asset management. This approach creates positive economic ripple effects, reinforcing dynamic economic growth within local communities.

Operational Objectives and Performance

Operational Objectives

Regional Employment Target: Ensure 50% of employees hired in regional branch offices are local residents from the respective areas.

Performance 2025

The proportion of employees with local domicile in the region where the company's office is located is 53% of the total employees hired in the regional branch.

Operational Management Framework

The Company has a policy of supporting local employment in its hiring process. In addition to work experience and educational qualifications, a key criterion for new hires is their residency in the local area where they will be assigned. Past operational experience has shown that hiring non-local employees often leads to higher turnover rates or relocation requests, which can impact business continuity and operational efficiency. Furthermore, prioritizing local employment benefits both the Company and the community in the following ways

Benefit for Organization

  • Enhance success and efficiency, as local employees possess intimate knowledge of and expertise in their areas, enabling agile mobility and operations. Their deep understanding of local cultures, traditions, and languages serves as a crucial tool in supporting effective work performance, both in managing non-performing assets and properties available for sale.
  • Minimize the rate of employee relocation requests to their home provinces, as these transfers can result in staffing gaps at office locations. Such movements may compromise operational continuity and adversely impact workplace efficiency.

Benefits for Community

  • Local employment lowers employees’ commuting and accommodation expenses, allowing them to stay closer to their families. This contributes to improved work-life balance and helps mitigate social challenges associated with workforce migration.
  • Employees have opportunities to develop their potential and professional expertise through vocational training programs and educational scholarships provided by the Company.

Performance Monitoring and Effectiveness Tracking Mechanism

The Human Resources Department regularly reports on regional workforce status to senior management, ensuring effective personnel management across regional operations. This oversight helps optimize hiring efficiency and supports the Company’s commitment to increasing the proportion of local hires in the future. The Company aims to increase local employment by 1%, compared to the overall regional workforce. The tracking mechanism ensures that actual outcomes align with this objective.

Local Employment Hiring Ratio Table

Future Operation Strategies

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The company has a plan to develop the potential and expertise of employees at all levels to prepare them for leadership roles at the junior, middle, and senior management levels. This will be achieved through training in essential skills, both internally and externally.